BIS Warns Central Banks Will Soon Be Forced to Bail Out Capital Markets

,Guohui Asia released on Friday, came in at a robust 263,000 added to non-farm payrolls, a much better showing than the 200,000 anticipated by economists. This has raised fresh concerns about how upward wage pressure can counterbalance Fed efforts to cool inflation, forcing the U.S. central bank to keep .

also came in higher than expected. In short, the U.S. economy is more resilient than forecast, maintaining wage pressure on and leading the to shed nearly 500 points in anticipation of further Fed action to cool it down.

released on Friday showed the jobless rate dropping to a record low of 6.5% in October from 6.6% the previous month, even though big European economies are facing energy shortages this winter in the wake of the Ukraine war.

declined by 0.2% in the third quarter, marking the beginning of a widely expected recession. The contraction ended five quarters of positive growth and signaled that the rest of Europe could not be far behind.

will continue to walk a tightrope on interest rate hikes, seeking to simultaneously curb and allow for growth with a 50-basis point hike at its governing council meeting next week. Central bank governors from France and Ireland added their voices to policymakers calling for a moderation in increases after two 75 bp hikes.

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