Market Comment | Fed led open the door for a December rate hike

Summary

Mixed data in the US. Both personal income and spending increased in September slightly less than forecast (by 0.1% MoM; consensus: 0.2% and by), leading to an increase in the saving rate (to 4.8%, previous month 4.7%) On another front, the Chicago purchasing managers’ index surged in October more than estimated (by 7.5 points to […]

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