Fed Seen Announcing Bond Taper in November, Survey Finds
“The Federal Reserve will probably hint at its meeting that it is moving toward scaling back monthly asset purchases and make a formal announcement in November, according to a Bloomberg survey of economists.”
U.K. House Prices Stabilize as New Listings to Sell Jump 14%
“The U.K. housing boom is showing signs of stabilizing, with a 14% increase in the number of properties listed for sale in the first two weeks of September.”
China Adds $14 Billion Cash as Evergrande’s Pain Roils Markets
“China injected more cash into its banking system in a sign authorities are seeking to avert a funding squeeze amid a seasonal rise in financing demand and the intensifying debt crisis at China Evergrande. The People’s Bank of China added 90 billion yuan ($14 billion) of funds on a net basis through seven-day and 14-day reverse repurchase agreements on Friday, the most since February.”
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