BOJ Holds Off and ECI Surprises

The Bank of Japan's highly anticipated policy decision was released today showing that Japan is not joining the central bank stimulus frenzy. The BOJ chose to not expand their stimulus plan despite their weakening inflation expectations, poor domestic spending, and slowing exports. Here in the U.S.

"The Employment Cost Index was released, showing the cost of labor is up 0.6 percent for Q3 from a previous Q2 figure of -0.2 percent. This solid and influential number leaves the Fed positioned to keep the December rate rise decision on the table pending further economic data and stable markets", says Voya Global.