The Monday Mix: Oct. 11 – 17, 2021

hand holding a coffee cup and newspaper

New claims for US unemployment benefits totaled 293,000 for the week ended 0ct. 9, the lowest weekly level since August 2021.

A key gauge of US consumer sentiment fell unexpectedly in October to the lowest level (71.4) since the pandemic began, on higher prices, less confidence in government policies, and ongoing Covid-19.

Federal Reserve meeting notes indicate tapering of its $120 billion-a-month bond purchases could begin as early as this November.

Economic growth rates in developing countries could take until 2024 to rebound to pre-pandemic expectations, per the International Monetary Fund.

The European Union’s largest ever issuance of “green bonds” (12 billion euros) to fund climate change mitigation programs was oversubscribed by 11 times.

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