September 23, 2022

Markets sold off around the world on mounting signs the global economy is weakening just as central banks raise the pressure even more with additional hikes of interest rates. The Dow Jones Industrial Average closed Friday at its lowest point of the year. The S&P 500 fell 1.7%, close to its 2022 low. Energy prices also closed sharply lower as traders worried about a possible recession. Treasury yields, which affect rates on mortgages and other kinds of loans, remained at multiyear highs. British government bond yields snapped higher after that country’s new government announced a sweeping plan of tax cuts.

This day, this match, had to come, of course, for Roger Federer, and for tennis, just as it inevitably must for every athlete in every sport. Federer bid adieu Friday night with one last contest before he heads into retirement at age 41 after a superlative career that included 20 Grand Slam titles and a statesman’s role. He wrapped up his days as a professional player with a loss in doubles alongside his longtime rival Rafael Nadal for Team Europe in the Laver Cup against Frances Tiafoe and Jack Sock of Team World. The truth is that the victors, the