Macro Briefing: 16 November 2022

* NATO convenes emergency meeting after missile hits Poland
* Biden says missile that hit Poland ‘unlikely’ fired from Russia
* Russia denies blame for missile that strikes Poland
* Group of 20 leading economies condemn Russia for Ukraine war
* UK inflation rises to 41-year high in October: +11.1%
* US household debt surges at fastest pace 15 years fueled by credit card use
* US wholesale inflation rose less than expected in October
* NY Fed Manufacturing Index rebounds in November but outlook weakens:

US 3mo/10yr Treasury yield curve falls deeper into negative terrain, signaling heightened recession risk for US economy:

Real (inflation-adjusted) M2 money supply in US contracts at steepest rate in four decades in September in year-over-year terms: