Top-of-mind economic news as we start the week:
— The U.S. Congress has until November 17 to pass a federal budget or face a government shutdown, after a temporary funding bill was signed into law.
— Economists expect the U.S. economy grew 3.2% in the 3rd quarter, fastest pace in a year, with a slowdown likely in the 4th quarter.
— U.S. consumer confidence fell in September to its 2nd lowest level this year, as consumer struggle with higher prices and interest rates.
— Inflation in the Eurozone eased to 4.3% in Sept. amid 0% economic growth and 4% key interest rate, up from -0.25% in July 2022.
