The Monday Mix: Jan. 16 – 22, 2023

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

US existing home sales in Dec. were down 34% from 12 months prior, hitting the lowest annual pace since 2010. 

The Federal Reserve is expected to raise its key rate by 25 basis points at Feb. 1 meeting; rate would then be 4.5% – 4.75% range

Tech industry layoffs accelerated at the start of 2023, but not likely to have major impact on job market. 

The European Central Bank said it will “stay the course” in rising interest rates, despite European inflation slowing.

New York will require large greenhouse gas emitters to pay more than $1 billion annually, per the state’s new “Cap-and-Invest” program.

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