September 22 (Thursday)

Latest Morning Briefing Executive Summary: Consumers, Lithium & Waves
With recession fears topping investors’ worry list, why has the cyclical S&P 500 Consumer Discretionary sector outperformed every other sector over the past two months? Jackie explores. … Also: Lithium demand is expected to surge in coming years, driven by EVs—but can supply keep up? Would-be lithium producers face daunting roadblocks. … And: A look at the latest wave in alternative energy, wave energy.
(subscribers’ link)

YRI
Daily Markets Overview
Replay of Dr. Ed’s webinar on September 19.

Markets
Fed Rate Decision Sends U.S. Treasury Yields in Different Directions | W
Japan Jumps Into Market to Buy Yen for First Time in 24 Years; Currency Rallies | W
Japan intervenes in FX market to stem yen falls after BOJ keeps low rates | C

Energy
The U.K. has lifted its fracking ban, digging up a long-running debate | C

Central banks
The Fed forecasts hiking rates as high as 4.6% before ending inflation fight | C
Fed rate hike September 2022: Rates raised by three-quarters of a percentage point | C

US
U.S. Home Sales and Prices Fell in August as Mortgage Rates Rose | W
After Years of Low Mortgage Rates, Home Sellers Are Scarce | W
Workers’ Changing Attitudes Tighten Labor Market | W
Opinion | Can Republicans Tax the Rich? | N
House Approves Electoral Count Act Overhaul as Senate Weighs Own Changes | W

Europe
Italian election: Italy turns to the right with FDI’s Georgia Meloni | C

Geopolitics & trade
Russia begins massive Ukraine war call-up, spurring some men to flee | R
Ukraine war: Russia arrests over 1,300 after Putin mobilizes troops | C
Biden Urges the World to Stand United Against Russia in Address to U.N. | W
Ecuador Reaches Deal With China to Restructure Debt | W
Semiconductor alliances between U.S. and Asia could hold back China | C

Industries & companies
Airlines: Airline tickets could become even more expensive, aviation execs warn | C
Communications services: Meta Quietly Reduces Staff in Cost-Cutting Push | W
Retail: Target plans to hire 100,000 seasonal workers and start deals early | C

Climate
China urges Europe to take positive steps on climate change | R
Will the Patagonia founder’s gift help save the world? | The Week