Wolf Money(world market review 10-16 Oct 2022)
Juan Luna Philippine 1857-1899 El Violinista (The Violinist) Collection of The Lopez Museum and Library Market Summary 10-16 Oct 2022 🇺🇸 🇺🇸 🇺🇸 🇺🇸 🇺🇸 - US inflation rose by more than forecast to 40-year high in Sept at 8.2%, paving way for another big Fed hike - US producer prices increased more than expected in Sept, underlying goods prices were unchanged 1st time in 2.5 years - US retail sales flat in Sept from Aug, as more money spent on rising prices for rent and food - US will enter into a recession in next 12-mths: WSJ survey of economists - US needs to do more to bring down inflation, which is still too high globally: deputy treasury chief - FCC set to ban all US sales to Huawei, ZTE equipment: Axios + US social security benefits to see biggest rise in 40 years, to get 8.7% boost in 2023 - US proposed rule make it more difficult for firms to treat workers as independent contractors, could shake up gig economy - US business groups to file lawsuits to delay or