Daily Report | 15 June 2022
Producer inflation continued to pick up, completing the figures to May's high CPI consumer inflation (1.0% MoM; 8.6%
Producer inflation continued to pick up, completing the figures to May's high CPI consumer inflation (1.0% MoM; 8.6%
The Fed’s hawkish stance ineffective, and inflation still high. The US CPI MoM increased 1.0% (Vs. Apr. 0.3% MoM), even
Yield inversion patterns in UST2Y (3.35%) and UST10Y (3.36%) were formed, one of the indicators of recession. Even
Ineffective in May, speculation of a 75 bps FFR hike in July. May's high inflation (1.0% MoM; 8.6% YoY), busting
ECB rate hike signal raised investors' concerns ahead of US CPI data. ECB will end quantitative easing on July 1, raise
UST10Y was traded with a yield of 3%, and the price of Brent crude oil broke through the level of USD 120/barrel,
Core inflation was maintained, and price in of FFR increase in June, boosted Wall Street upwards. The survey showed that
UST10Y Yield Back to 3%, ahead of US May MoM CPI which is projected to rebound (Cons. 0.7%; Vs. Apr. 0.3%), next Friday.
Strong labor market, US economy ready for more aggressive FFR hikes. Wall Street closed lower, with Nasdaq down 2.4%,