Investing Club: The week in review, the week ahead — Sept. 16, 2022

Hot inflation numbers and a warning from FedEx reignited fears of a global recession.

Stocks pulled back this week as a hotter-than-expected consumer price index report on Tuesday reignited fears the Federal Reserve will be forced to cause a recession to bring down prices. Stocks took another hit Friday following a negative preenouncement from FedEx, long considered a bellwether for the broader economy. It was the fourth losing week in five for the three major averages.

10 came in at 213,000, a decrease of 5,000 from the prior week and below expectations of 227,000. We also got the August retail sales report on Thursday, which pointed to a 0.3% monthly increase, better than the 0.1% decline expected. Finally, we also got the August reading on industrial production and capacity utilization. Industrial production declined 0.2% monthly while capacity utilization came in at 80%, missing expectations for no change and 80%, respectively.

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