What happened last week

Tuesday: Brazil mid-month August CPI 7.96% vs 8.13% expected, or how emerging markets are faring better than many mature markets in the fight vs inflation. US August core durable good orders 0.2% MoM as expected. US Housing S&P/CS HPI Composite - 20 n.s.a. 16.1% YoY vs 17.0% expected for September, and down from the 21.2% YoY peak in June. US August new home sales 685k (vs 500k expected). US Sept. CB Consumer Confidence 108 vs 104.5 expected: “19.3% of consumers expect business conditions to improve, up from 17.3%. [...] Consumer confidence improved in September for the second consecutive month supported in particular by jobs, wages, and declining gas prices. [...] Meanwhile, purchasing intentions were...