Eurizon Weekly 09.10.23. In the course of last week, data on business confidence and the labour market confirmed the solidity of US growth, despite the sharp monetary restriction under way. The easing of the labour market is one of the main conditions the Fed needs to verify before reviewing its monetary policy in a less restrictive mode, together with a reduction of inflation. Therefore, focus is now on the inflation reading, due out on Thursday. Over the weekend the underlying scenario saw the addition of a new crisis in the Middle East. Stefano Cucchi of Eurizon’s Macro Research & Product Specialist team takes a closer look. Audio recorded on 09.10.23