Bond markets have been supported by some market-friendly data and while Fed speakers were again mixed, it was the more dovish remarks that captured attention.
US Economic Update – November 2018
Initial indicators for Q4 suggest the economy continues to perform strongly towards the end of 2018.
- Initial indicators for Q4 suggest the economy continues to perform strongly towards the end of 2018.
- The recent large decline in equity prices is a concern, although increases in other measures of financial stress are not yet at worrying levels.
- As the Fed funds rate moves closer to the Fed’s view of its neutral level, uncertainty around the timing, and extent, of increases in rates is likely to increase.
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