Headlines discussed at LNWM’s Monday morning briefing:
— The Federal Reserve expects US economy to grow only 1.8% in 2016; could still raise rates in Dec.
— US home prices were up 5% in Aug. from year ago on tight inventories; 31% are first-time buyers.
— Economic activity decelerated in Germany in August, raising concern about Eurozone recovery.
— The yield on Japan’s 10-year government bonds rose above zero for the first time since March.
— For first time ever, real estate is a separate sector within the S&P 500, nearly 3% of the index.
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