Daily Report | 20 December 2022
Monday's lack of economic data made investors focus on the Fed's Higher for Longer FFR. Speculation that the Fed again
Monday's lack of economic data made investors focus on the Fed's Higher for Longer FFR. Speculation that the Fed again
US business activity contracted again as the high-interest rates trend weighed the economy, the Dow briefly depreciating
The Fed expects a further FFR hike of above 5% in 2023, raising fears of a recession going further and lasting for a
The Hawkish period is longer in 2023. The FOMC Rate Decision results project that next year's FFR to end at 5.1%, 50 Bps
Petrol prices fell 2% MoM, putting pressure on US inflation, and Wall Street rallied, with the Nasdaq appreciating by
Wall Street rallied earlier in the week amid a wait for inflation and FFR data release. The Dow appreciated by 500
Cost of Service pushed producer-level inflation, and PPI Final Demand US in Nov. rose moderately to 0.3% (Vs. Surv.
Weekly jobless claims rose, pushing the number of unemployed to a 10-month-high and raising hopes that the FFR hike
Dovish expectations on the Fed, yet the data is not supportive enough. Although the probability is more than 90%, the