Flash Report October 2017

Global equity markets continue to trade at or near record highs as investors respond to a new and self-reinforcing period of global expansion. Supporting data include positive earnings, low interest and inflation rates, and volatility—as measured by the VIX fear index—hitting record lows. The US economy grew at annual rate of 3% during the third quarter, aided by an increase in personal consumption expenditures and consumer confidence at its highest level since 2000. Although central banks will eventually tighten, they remain accommodative against a backdrop of modest inflation and asymmetric risks to tightening.

Download the flash report (PDF) here.

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