Headlines discussed at LNWM’s Monday morning briefing:
— The Fed thinks the US economy can handle an interest rate increase, per latest meeting minutes.
— In Sept., US consumer confidence hit the highest level in 8 years, despite stock market turbulence.
— A massive Pacific trade pact between the U.S. and 11 other countries will soon be debated by Congress.
— Emerging market currencies posted the biggest gain in 17 years, on commodity and interest rate news.
— Japan cut its forecast for industrial production, increasing uncertainty about an economic rebound.
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