Sequence risk, along with unexpected long-term care costs, could affect clients' portfolios
Some economists are downgrading their U.S. GDP forecast for Q4
But, going forward, consumer spending may fall
Consumers paid more for gas, autos and housing
Monthly consumption rose, but the boost from fiscal stimulus is ending
Spending edged up a slight 0.1% in September
Some complained about labour shortages and the impact of U.S. tariffs
Fed's short-term rate rises by quarter-point
Trade tensions weigh on rates outlook
A new RBC outlook report forecasts global growth for 2018 and 2019