The Monday Mix: July 4 – 10, 2022

hand holding a coffee cup and newspaper

Top-of-mind economic news as we start the week:

The US economy added 372,000 new jobs in June vs. 250,000 expected; with the unemployment rate at just 3.6%, the Fed is likely to continue raising interest rates to tame inflation.

US factory orders rose 1.6% in May, much more than anticipated, as manufacturers saw strong demand.

This Wednesday, the US Consumer Price Index for June is expected to show prices rising faster than 8.6%, the level in May.

Russia temporarily halted gas flows to Germany via a major pipeline, putting Europe on high alert.

India is banning single-use plastics after the country’s plastic waste output nearly doubled in the last five years.

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