The Daily Shot Brief – August 31st, 2022



The United States: There are still two job openings per every unemployed worker in the US. The Fed would like to see this ratio come down meaningfully. Until then, the central bank will continue to pressure the demand side of the economy.

Source: Daily Shot

The market now expects the Fed to increase rates by another 140 bps before the end of the year.

Source: Daily Shot


The Eurozone:  Germany’s inflation hit a multi-decade high in August.

Source: Daily Shot


Energy: European natural gas futures declined sharply on improved inventories, a regulatory push to lower prices, and profit taking.

Source: Daily Shot


Equities: The S&P 500 is down 5% over the past three days.

Source: Daily Shot


Credit: The share of developed market corporate bonds in distress (rated CCC or below) is at historical lows.

Source: Capital Economics


Global Developments: USD remains the dominant currency in global reserves, but its share has been trending lower in recent years.

Source: Barclays Research


Food for Thought: Here’s a look at the world’s top fertilizer exporters.

Source: @financialtimes Read full article

Edited by Alexander Bowers

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