Headlines discussed at LNWM’s Monday morning briefing:
— U.S. economic growth slowed in 3rd qtr. (to +1.5%) on inventory glut; consumer spending was strong.
— An interest rate increase is possible this December, the Federal Reserve said in a statement.
— The U.S. Treasury avoided a government debt default, as Congressed agreed on two-year fiscal plan.
— Eurozone inflation was zero in October, pressuring the European Central Bank for more stimulus.
— China’s economy showed some signs of stabilizing in October, per early release indicators.
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