Rui MR Pinto

Summary: The hot topics of this week included the reduction of the oil production target by OPEC+, the application of more sanctions on Russia by the EU, and the revelation of the U.S. unemployment rate and the non-farm payrolls for September. Although the unemployment rate remains at low levels, the payrolls showed signs of deceleration.

The past weeks in review: The FED raised rates by 0.75 %. No surprise. But the speech was very hawkish and the markets are expecting rates to continue rising until something breaks in the economy or the financial markets. Other central banks have the same stance: attacking high inflation with higher interest rates. The stock

The past week: The August consumer price index (CPI), a measure of price the inflation, has been released – higher that forecasted by the economists. This was the excuse for the end of the relief rally of the days 7-12 September. And the tumble was big (example: NASDAQ). The markets are negative and bearish. Everybody

A little perspective series trying to foresee the next 6-12 months. Video: Jeffrey Sachs: “We’re in a crisis and it will get worse in the coming months.” Channel: Prague Finance Institute Video: The Big Crash I Predicted Is Upon Us… But It’s Time to Get Rich: Robert Kiyosaki Channel: Stansberry Research Video: Economist: ‘The storm

An important week, with the Jackson Hole economic symposium at the top of the interest of the market participants. The Fed seems determined to bring down inflation – the markets got scared on Friday afternoon. Will the trend continue next week? Probably. The FED is Serious…So He Says! Video: Federal Reserve Chairman Jerome Powell speaks