Top News | Nov 21, 2014
US data points to earlier Fed tightening
Positive economic data from the U.S. increased the likelihood for an earlier Fed tightening, which had a negative effect on equity markets yesterday. The Conference Board’s leading indicator rose +0.9% in October (consensus: +0.6%) signaling a stronger growth trend in the U.S. six months from now. The Philly Fed indicator climbed to 40.8 points in November, the highest since 1993.