The Monday Mix: Oct. 4 – 10, 2021
— The US Congress agreed to raise the federal debt ceiling by $480 billion until Dec. 3; new negotiations will take place then unless a budget deal is reached.
— 136 countries, with 90% of the world’s GDP, have agreed to implement a 15% minimum global tax rate on corporate profits.
— The US added just 194,000 jobs in Sept., vs. 500,000 expected, on labor and materials shortages, Covid restrictions; wages are up 4.6% from 12 months ago.
— Global supply chain bottlenecks and materials shortages are not expected to start improving until mid-2022, with inflation remaining elevated through 2022, per Oxford Economics.
— 84% of asset owners are either implementing or evaluating sustainable investing, compared to 53% in 2018, per FTSE Russell report.
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