• Many in markets mention a trading pause caused by politics, but the Fed's own words tell a different story.
  • Vice-Chair Stanley Fischer named four elements of economic "drag": a slower economy; then demography, workforce and aging; lower investment; and a slower outside world.

Long-term rates slid suspiciously last week — still in-range, but an up-trend based on Fed threats has stopped dead. Markets got little new data to chew on, core consumer price indices, if anything, dipping (up only 0.1 percent in September), housing starts and sales continuing a slow-ish pattern.

Show Comments Hide Comments

Comments

Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
Success!
Thank you for subscribing to Morning Headlines.
Back to top