Years of dithering has given Draghi a QE dilemma

If the Swiss National Bank can’t stand the heat about to emerge from the European Central Bank’s monetary kitchen, Mario Draghi must be cooking something explosive, right? That, at least, is what many in the market assume – that Draghi has persuaded the doubters and the ECB will serve full-blown quantitative easing on a colossal scale next week.

Labor market firming, but inflation still benign

(Reuters) - Fewer than expected Americans filed new claims for unemployment benefits last week and manufacturing activity hit an eight-month high in early November, hinting at some strength in the economy.