1630: Fed not stressing, Michael Gapen and Pooja Sriram at Barclays believe, telling clients: "US equity markets falling into correction territory in recent days begs the question of how far equities would have to fall, or volatility to rise, for the Fed to consider a delay to its policy plans. We think it is too early for the Fed to consider altering course and we believe the committee will likely take some comfort in the tightening in financial conditions as it will reduce the risk of a hard landing over time.
Discount grocer Aldi has taken over from upmarket rival Waitrose as Britain’s favourite supermarket according to an influential shopper survey. The fast-growing German discounter has impressed shoppers with the quality of its fresh and own-label food as well as its special offers, according to the annual best and worst supermarket satisfaction survey by Which?. – Guardian.