The Monday Mix: Oct. 10 – 16, 2022
— U.S. inflation remains stubbornly high, with prices up 0.4% in September vs. August and 8.2% higher since Sept. 2021.
— The U.S. dollar surged to a 32-year high versus the Japanese yen, at 148.86 yen per dollar.
— U.S. retail sales were flat in September; grocery sales rose 0.4%, helped by higher prices.
— Global economic growth could be just 3.2% this year (half the 6% growth rate in 2021), slowing further to 2.7% in 2023, per the IMF.
— A Swiss government bond issue raised $766 million to fund environmental goals including in transportation and biodiversity.
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