Daily Report | 11 November 2022
Inflation below 8% ahead of the year-end holiday, the Dow rose by 1,000 points. The high base inflation in 2021 and the
Inflation below 8% ahead of the year-end holiday, the Dow rose by 1,000 points. The high base inflation in 2021 and the
Wall Street weakened by 2%, along with investors that paid their attention to the US Midterms results. The Nasdaq
Wall Street rallied amid US Midterms. The Dow appreciated 300 points, or 1% leading Wall Street's gains. As for the US
Wall Street ended higher earlier in the week amid investors' focus on October inflation data, which will be released on
Rupiah depreciation amid Cadev’s downward trend. Beside the fourth FFR +75Bps increase in November, JCI pressure was
US Unemployment Rate Oct. MoM rose to 3.7% (Vs. Sept. 3.5%), giving the Dec. FFR a Dovish room by just +50Bps (Vs. Nov.
The labor market remains solid, keeping the Fed on an Aggressive Hawkish path. In fact, speculation arose that the peak
The hawkish signal continued, lessening expectations of the Fed Pivot in December. The Fed, again, raised the FFR by
The Fed Pivot is too early, and the US labor market becomes more solid. US labor data, JOLTS Job Openings rose 437K