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SEC Alert! Paul Munter Acting Chief Accountant: 'We have also recently observed shortcomings related to responsibilities over the detection of material misstatements due to fraud that auditors should keep in mind'

SEC Alert! Paul Munter Acting Chief Accountant: 'We have also recently observed shortcomings related to responsibilities over the detection of material misstatements due to fraud that auditors should keep in mind as they perform their vital role for the public trust.' Other comments of note from Munter: The

Federal Reserve Alert! Cleveland Fed President Loretta Mester in speech

Federal Reserve Alert! Cleveland Fed President Loretta Mester in speech: 'Given the current level of inflation, its broad-based nature, and its persistence, I believe monetary policy will need to become more restrictive in order to put inflation on a sustainable downward path to 2 percent.' Source: https://www.

Inflation Alert! 3yr inflation expectations rose to 2.9 percent from 2.8 percent in August

Inflation Alert! 3yr inflation expectations rose to 2.9 percent from 2.8 percent in August, while median five-year-ahead inflation expectations, which have been included in the monthly SCE core survey on an ad-hoc basis since the beginning of this year, increased to 2.2 percent from 2.0 percent.

Inflation Alert! Bank of Korea Pivots Back to Outsized Hike (up half-percentage point to a 10-year high of 3%) as Won Struggles and warned of slower growth to come.

Inflation Alert! Bank of Korea Pivots Back to Outsized Hike (up half-percentage point to a 10-year high of 3%) as Won Struggles and warned of slower growth to come as it sought to shore up a currency that has been driven to crisis-era lows by the Federal Reserve’s aggressive

U.S. NFIB Small Business Optimism Alert! The Small Business Optimism Index rose 0.3 points in September to 92.1, making the ninth consecutive month below the 48-year average of 98.

U.S. NFIB Small Business Optimism Alert! The Small Business Optimism Index rose 0.3 points in September to 92.1, making the ninth consecutive month below the 48-year average of 98. Thirty percent of owners reported that inflation was their single most important problem in operating their business. Source

Federal Reserve Alert! Vice Chair Lael Brainard: 'Strong wage growth along with high rental and housing costs mean that inflation from core services is expected to ease only slowly from currently elevated levels.'

Federal Reserve Alert! Vice Chair Lael Brainard: 'Strong wage growth along with high rental and housing costs mean that inflation from core services is expected to ease only slowly from currently elevated levels. Monetary policy will be restrictive for some time to ensure that inflation moves back' Source:

Federal Reserve Alert! Speech by Fed Governor Charles L. Evans: 'After more than a decade of missing our average 2 percent target to the downside, PCE inflation has risen quite quickly—from under 1 percent in mid-2020 to 6.2 percent in August

Source: https://www.chicagofed.org/publications/speeches/2022/october-10-nabe-annual-meeting More from Evans speech: Reducing inflation to a level consistent with the Fed’s 2 percent objective will require a period of restrictive financial conditions to restore better balance between supply and demand economy-wide. This will generate below-trend growth and some