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the United States
The Culmination of the U.S. Market Decline | Daily Market Analysis
Key events: Eurozone - EU Leaders Summit USA - Initial Jobless Claims USA - Philadelphia Fed Manufacturing Index (Oct) USA - Existing Home Sales (Sep) A Fed rate hike to levels above 4% will have a negative impact on the construction sector, real estate prices, and ultimately aggregate demand. U.S. companies will stop hiring and layoffs to cope with revenue pressures from both the strong dollar and falling demand in Europe as a result of the energy crisis, which will lead to higher unemployment in the U.S.
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