September 2015 Flash Report

One of the more anticipated decisions in the history of central banking left investors wary and uncertain as the Yellen-led Federal Reserve blinked. The Fed failed to raise its Fed Funds target citing concerns about economic growth and financial turmoil that has wiped out nearly $11 trillion of global share value in the last quarter. China is grappling with slower growth and flagging confidence in its stock market as Japan faces uncertainty about the success of Abenomics and Europe confronts deflation. Sentiment is negative and volatility predictably elevated.

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