Fed Rate Cut Odds Rise as December Decision Looks Increasingly Divided 
Indonesia Aims to Strengthen Rupiah as Central Bank Targets 16,400–16,500 Level 
RBNZ Cuts Interest Rates Again as Inflation Cools and Recovery Remains Fragile 
BOJ Signals Possible December Rate Hike as Yen Weakness Raises Inflation Risks 
Brazil Central Bank Plans $2 Billion Dollar Auctions to Support FX Liquidity 
RBA Signals Possible Rate Implications as Inflation Proves More Persistent 
Japan’s Finance Minister Signals Alignment With BOJ as Rate Hike Speculation Grows 
Best Gold Stocks to Buy Now: AABB, GOLD, GDX 
The Fed met expectations by not raising rates and setting off a global market rally. Tomorrow the Bank of Japan has its turns at additional monetary stimulus. The ECB already signaled intentions in December for more stimulus and China's PBoC just finished its sixth stimulus for the year with plenty of room for more. The thought is that perpetual monetary stimulus is good for economic growth, corporate earnings, and jobs.
"We are not entirely sure about that since extraordinary monetary stimulus is still needed nearly seven years into this bull market but we are sure that it raises asset prices and that is good for this bull market", says Voya Global.
Meanwhile, the first estimated Q3 GDP report was released and it was below expectations at 1.5 percent but highlighted a very strong consumer (PCE) growth of 3.2 percent, with a big increase in disposable income from falling energy prices of 4.8 percent.
