Producer prices in the U.S see the sharpest rise on record and has unsettled Wall Street before today’s FED decision. The U.S hikes the government debt ceiling to $31.4 trillion thus avoiding an historic default. Meanwhile, American investors will be banned from investing in another eight Chinese companies, including the world’s largest manufacturer of commercial drones, DJI.

Chinese industrial output data beats expectations but Covid fears and restrictions mean sales still missed overall forecasts, slowing growth in October despite multiple headwinds from the PBOC. And, the IMF calls on the Bank of England to take action to curb inflation in its policy meeting tomorrow. This comes as the IMF anticipates inflation in Britain returning to its 2% target by 2024

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