- October 9, 2022
- Posted by: Stratford Team
- Category: Economy
The US labor market remained on firm footing as the jobless rate returned to an historic low and payrolls rose at a solid clip, leaving the Federal Reserve on track to deliver yet another huge interest-rate hike.
In the UK, energy costs that are expected to skyrocket in the coming months have already wreaked havoc on the nation’s businesses in the wake of Russia’s invasion of Ukraine. Corporate insolvencies rose in the second quarter to the highest since 2009.
Inflation in Turkey and Tokyo accelerated to levels last seen in the 1990s, posing challenges to local leaders who have tried to keep monetary policy easy.
Here are some of the charts that appeared on Bloomberg this week on the latest developments in the global economy:
US
US employers continued to hire at a solid pace and the jobless rate unexpectedly fell to 3.5%, matching the lowest since 1969 and putting an inflation-focused Fed on course for another outsize interest-rate hike next…
