The Monday Mix: Dec. 6 – 12, 2021

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

US inflation (CPI) was 0.8% in Nov. and 6.8% for past 12 months, the highest annual level since 1982, with gas and food prices major drivers.

New weekly claims for US unemployment benefits fell to 184k, the lowest level in 52 years, as employers are wary to lay off workers given very tight labor market.

US consumer sentiment rebounded in Dec. (70.4 on U Michigan Index) but remains well below Dec. 2020 level of 80.4, with inflation biggest concern.

Stock buybacks by S&P 500 companies are on track to hit a new all-time high in 2021; nearly $235 billion in repurchases during 3rd quarter.

The Swiss government and major Swiss banks are aiming raise up to $1 billion in global private capital to fund ESG projects in developing countries.

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