Eurozone: Inflation stable for now
Sweden: August set to rebound after weakness in June and July; Sideways trend for Swedish sentiment
Norway: Some rebound in retail sales, following two negative months
The FOMC maintained the federal funds rate target range at 0.25-0.5 percent at its September interest rate meeting. Three voting members dissented. They preferred a tightening at this meeting. In our view, the case for a rate increase in December has strengthened markedly. Thus, we stick to our forecast of an increase in December.