Daily Report | 19 August 2022
Wall Street declined in early trading, as weekly jobless claims weakened. Weekly Initial Jobless Claims fell 2,000 to
Wall Street declined in early trading, as weekly jobless claims weakened. Weekly Initial Jobless Claims fell 2,000 to
Wall Street under pressure ahead of Fed Meeting Minutes. US stocks fell in early trading after major retailer, Target
China MLF Rate down 10Bps, Wall Street expects US economy will reach soft landing. PBOC unexpectedly cut 1Y Medium-Term
1-Year inflation expectations drop to 5%, Dow Jones gains more than 400 points. The data show the U. of Mich. 1Y
Producer level deflation confirms that Consumer level inflation has reached its peak. US Final Demand PPI July MoM
Headline inflation slopes, as fuel costs fall 20%. Both Headline CPI and US Core CPI July YoY sloped to 8.5% (Vs. Jun.
Negative FCF Micron weighs on tech stocks, Nasdaq down more than 1%. Micron Technology shares fell nearly 4%, after
US inflation has peaked. US YoY July Headline CPI is projected to slope to 8.7% (Vs. June 9.1%), due to lower fuel
Unemployment Rate at 3.50% lowest in history, US prepares for Hard Landing. Other employment data show US Change in