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Weekly Market Update 17th October 2022

October 17, 2022
Molly Stead
Market Updates

Inflation in the US remains elevated, paving the way for further large interest rate hikes. Economic news out of China looks poor, but support from the central banks supported markets. The UK economy contracted in August and unemployment continued to fall. Meanwhile, Prime Minister Truss bowed to pressure and altered her proposed tax plan.

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