Key data releases this week include: industrial production (Mon), CPI (Tue), Fed Beige Book (Wed), existing home sales (Thu), and leading economic indicators (Fri).
The New York Times
October 12, 2016
U.S. News & World Report
Wednesday, October 12, 2016
October 12, 2016
USA Today
October 12, 2016
The Wall Street Journal
The Federal Reserve expects to raise its key interest rate "relatively soon," according to minutes of the September meeting of the Federal Open Market Committee. Language in the post-meeting statement was intended to signal that a rate increase is likely if "economic developments unfolded about as the committee expected," the minutes show.
Reuters
October 10, 2016
Government bond purchases last week by the European Central Bank were higher than they have been since May, as the central bank took advantage of higher yields that made available short-term bonds hovering below the deposit rate. Despite speculation that the ECB intends to taper off its purchases, central banks seem poised to expand stimulus if needed.
MarketWatch
October 12, 2016
Chinese exports measured by the US dollar dropped 10% last month compared with September 2015, after a 2.8% decline in August, according to the General Administration of Customs. September was the sixth consecutive month of decline, suggesting the export sector has become a drag on the Chinese economy.
Market News International
October 10, 2016
The Wall Street Journal
Tuesday, October 11, 2016
People's Bank of China officials said the expansion of lending and social financing will decelerate as the government starts to deleverage the economy. Lian Weiliang, the National Development and Reform Commission's deputy head, said that equity-for-debt swaps will follow market rules but that zombie companies with no realistic hope of returning to profitability won't be permitted to convert debt to equity.
Reuters
October 16, 2016
Bank of Japan Governor Haruhiko Kuroda said he will adjust monetary policy to keep moving the economy toward 2% inflation, but his milder language suggests he sees little need to further ramp up stimulus. "We will continue to make necessary policy adjustments to maintain the momentum toward our price-stability target, based on economic and price conditions," he said.
Barron’s
October 17, 2016
One study, from the National Institute on Retirement Security, found that 40 million working-age households, some 45% of the total, have accumulated zero in retirement savings.
Barron’s
October 17, 2016
Analysts are predicting about 10%-plus earnings-per-share growth next year, a baseline that appears all but insurmountable. That could be a problem, except for the fact that no one actually believes the number. A recent poll by Citigroup found that 90% of respondents think expectations for 2017 are too high.
BenefitsPro.com
October 10, 2016
The typical client expects an investment return that's 8.5 percentage points above inflation, a survey by Natixis Global Asset Management found. That's significantly higher than what advisers say is realistic, according to the survey.
The Wall Street Journal
October 12, 2016
The US technology revolution has brought many benefits but not much employment. Job creation by computer and electronics companies rose through the 1990s, but employment has fallen more than 40% since.

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