Strangely a lone voice amongst the large institutions lately

  • OECD chief economist says Fed should not wait to hike rates
  • pace of future hikes more important than timing

Somewhat tempered comment from the headline

  • lowers 2015 global GDP outlook to 3% from 3.1% previously in June
  • raises US 2015 GDP forecast to 2.4% vs 2.0% prev
  • raises Eurozone 2015 forecast to 1.6% vs 1.5%
  • cuts Japan 2015 forecast to 0.6% vs 0.7% prev
  • cuts China's 2015 forecast to 6.7% vs 6.8% prev

OECD expressing concern over Asian markets

Full report here