Greetings,
The United States: The FOMC now sees the terminal rate above 5%, well above what the market has been pricing in.
The AEI Housing Center expects a 10-15% decline in home prices from the June 2022 peak.
Asia – Pacific: Australia’s labor market performance has been remarkably strong.
China: Searches for COVID symptoms are spiking.
The United Kingdom: The CPI report was softer than expected, appearing to have peaked. This chart shows the contributions.
The Eurozone: Industrial production declined in October.
Equities: The recession scenario could bring further pain to equities.
Food for Thought: Here are the biggest sources of electricity production in the US and Canada, by state/province:
Edited by William Villacis
Contact the Daily Shot Editor: Brief@DailyShotResearch.com
