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See the original article here: Rate Hike Odds Shift to January 2016; 16.1% Chance of Hike in October
View the original here: Real Median Earnings for Men at 1971 Level, Women at 2001 Level; Household Income at 1996…
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Please consider Don’t Fret About the Data, China’s GDP Forecast to be Good News . “ The focus for the month of September will be strengthening economic propaganda and . . . promoting the discourse on China’s bright economic future and the superiority of China’s system ,†the party’s propaganda department said in a directive to national media outlets
In a big understatement of Illinois’ problem, a Crain’s Chicago headline reads Illinois IOUs Growing Fast, Could Pass $8.5 Billion by Yearend .
0.035 Baby Steps Plotted Fed fund futures imply a very slow tightening of 3-6 basis points a month. The only exception is January to February of 2017 where the incremental rise is 8 basis points (0.080 percentage points). The Fed does not set policy every month.
View article: Cross-Border Deflation: US Export Prices Collapse Most Since July 2009; How Damaging is Price Deflation?
In yet another oil price crash side effect, Dollar Denominated Loans in Saudi Arabia Jump 600% . Dollar borrowing in Saudi Arabia has surged seven-fold this year as the kingdom’s companies switch out of increasingly expensive local currency-denominated loans. About 65 percent of all loans taken out in Saudi Arabia through Tuesday were in dollars, compared with 13 percent for all of 2014, according to data compiled by Bloomberg
More here: US Role in Europe’s Refugee Crisis; Migration in Numbers; Dead Baby Syndrome; Australia PM Promotes Hard-Line Stance
The ECB’s stubborn mule, a Downbeat Draghi, is Ready to Beef Up Quantitative Easing Package . The euro and eurozone government bond yields plunged on Thursday after the ECB president indicated it stood ready to extend the “size, composition and duration†of its €1.1tn bond-buying programme.“We are observing a weakening of the prospects of the Chinese economy,†Mr Draghi said.