The Monday Mix: Jan. 24 – 31, 2022
— US GDP grew at a much faster pace of 6.9% annualized in 4th quarter 2021, with most of this — 4.9% — due to inventory buildup as businesses stocked up, especially in the auto sector.
— US inflation was 5.8% in 2021, highest annual level since 1981; Dec. 2021 inflation was 4.9%, highest monthly level since 1983, per the core PCE measure that excludes food and energy prices.
— US personal spending dropped in Dec. 2021 (down 0.6% from Nov.) the first monthly drop since March 2021, on Omicron spread and lower holiday spending.
— The International Monetary Fund is forecasting global economic growth of 4.4% in 2022 (down from 5.9% in 2021) and 3.8% in 2023; US expected to grow 4% in 2022.
— Denmark completed its first issuance of green bonds, raising $570 million to fund investments in renewable energy and green transportation.
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