The Monday Mix: Sept. 12 – 18, 2022

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U.S. inflation as measured by the Consumer Price Index (CPI) remains stubbornly high; prices are up 8.3% over the past 12 months, after August’s 0.1% rise. 

The rate on 30-year U.S. mortgages climbed past 6%, hitting the highest level since the fall of 2008. 

U.S. retail sales rose 0.3% in August, continuing to outpace inflation; car sales were big contributor.

The British pound dropped below $1.14 for the first time since 1985, as recession warnings weighed on the U.K. currency.

Australia enshrined into law its climate goal to reduce greenhouse gas emissions by 43% by 2030 (from 2005 levels).

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