Bespoke Investment Group and Moody’s Analytics are warning about the vulnerability of the U.S. economy, citing weak sales among small businesses and near-zero job growth outside the healthcare sector. Inflation rose to 3.7% in September from 3.4% the previous month, potentially prompting the Federal Reserve to raise interest rates again. Against this backdrop, tech markets experienced a global wave of selling, with South Korea’s KOSPI falling 8% and the 10-year U.S. Treasury yield hovering around 5%.
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