US Personal Spending Resilient, Savings Rate Not so Much

The Economy

• A blow-out GDP report in the US.
• BoC on hold.
• UK private sector’s downturn continues.
• The ECB on extended hold.
• Tokyo’s October CPI beats expectations.
• Q3 CPI reaccelerates in Australia.

Spotlight On Next Week

• The Fed likely to skip again, but not fully close the door on a December hike.
• BoE likely to be on hold.
• The BoJ could tweak the YCC again.
• Aussie retail sales to decide on a November hike.