News Snapshot:
US stocks are higher as investors anticipate that a November Fed taper announcement does not necessarily mean higher interest rates next year and as China prepares to contain the potential fallout of an Evergrande collapse. Yesterday, Wall Street thought the Fed was somewhat hawkish as they signaled they can start reversing its pandemic stimulus programs and may be ready to deliver an interest rate hike at the end of next year. A wrath of rate decisions show the global economic recovery has some central banks (BOE, Norges) ready to remove accommodation, while most (SARB, SNB, Philippines, and Taiwan) are still...
