The Monday Mix: Oct. 31 – Nov. 6, 2022

hand holding a coffee cup and newspaper

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

The U.S. added 261,000 jobs in October, significantly above estimates.

The Federal Reserve increased the fed funds rate by another 75 basis points, a larger increase than many expected.

Job openings surprisingly increased in September despite the Fed’s efforts to cool the labor market.

The European Commission announced that it will invest €3 billion in cleantech projects aimed at supporting energy and industrial decarbonization.

Luiz Inácio Lula da Silva defeated incumbent Jair Bolsonaro to become the new president of Brazil.

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