1. CPI and PPI rose faster than expected in Sept, lead to major adjustment of equity (stock) values. PPI rose 0.4% lead by foods and energy, suggesting inflationary pressure will keep Fed on aggressive pace
2. Moody analytics chief economist Mark Zandi (个人还是挺喜欢这个靠谱的经济学家的)believes CPI will be cut in half to 4% in next 6 months, but down to Fed’s target of 2.5% could be tougher and take longer time
3. Rosenberg Research founder expects CPI to crash to 3% in 2023, but now Fed is choking economy with overkill, into an unavoidable recession
4. Honda $4.4B EV plant will be built in Columbus OH starting in 2023
5. Retail sales in Sept is very bad, retail experts said the numbers could be the worst since 1970s
6. Wallethub list of safest city in US just came out: Fremont is #17 in US and no. 1 in CA, Irvine is no. 2 safest in CA