The Daily Chase: U.K. stirs global financial volatility; PBO assess Canada's economic health
BNN Bloomberg
We all know what today’s main event is. The September U.S. consumer price index is expected to have risen 8.1 per cent year-over-year, which would be a slight moderation from August and a third straight month of decelerating inflation in the world’s largest economy.
BLAME GAME IN THE U.K.
Fingers are being pointed in every direction and nobody seems quite sure if, or who, someone in a position of power will blink in the face of market turmoil. Most incredibly, when asked about what happens after tomorrow when the Bank of England is scheduled to wrap its bond-buying program, Chancellor Kwasi Kwarteng told Sky News it will be “a matter for the governor (Andrew Bailey, of the Bank of England).” Our Bloomberg partners have some thorough reporting on how margin call-fuelled selling by U.K. pension funds is rippling across global trading desks. And, earlier this morning, Bloomberg reported government officials are talking about how they can reverse Prime Minister Liz Truss’s unfunded tax-cut plan that triggered the chaos a few weeks ago.
FRESH LOOK AT CANADA'S BOOKS
