Created by: Sam Tenney
- US monthly retail sales beat expectations, coming in at 0.7% growth for August compared to a consensus -0.8% decline that was projected. Retail sales consumption accounts for around 70% of US economic output.
- The Chinese real estate firm Evergrande has sparked worry about potential financial contagion in China, as the firm’s $300 billion dollar bond default has caused liquidity issues with regional Chinese banks. This has made global news due to the widespread reach of the company’s securities within the world economy.
- JPMorgan predicts long term bond rates have bottomed out already, with their analysts expecting inflation and tapering pressures to continue pressuring rates up through November.
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