Weekly jobless claims rose, pushing the number of unemployed to a 10-month-high and raising hopes that the FFR hike would soon slow down. Amid a high inflation and interest rates era, data shows that US Initial Jobless Claims ended Dec.
Weekly jobless claims rose, pushing the number of unemployed to a 10-month-high and raising hopes that the FFR hike would soon slow down. The tech-heavy Nasdaq rose more than 100 points, or led to an appreciation in Wall Street.
Dovish expectations on the Fed, yet the data is not supportive enough. Although the probability is more than 90%, the December FFR increase is only +50Bps, to 4.50%, and the peak is 4.93% in May 2023. Investors are worried that the Fed will keep the FFR at a high level for a long time.
Dovish expectations on the Fed, yet the data is not supportive enough. Although the probability is more than 90%, the December FFR increase is only +50Bps, to 4.50%, and the peak is 4.93% in May 2023. Investors are worried that the Fed will keep the FFR at a high level for a long time.
The Strong Dollar has pushed the US Trade Deficit more. Appreciation of the USD exchange rates as the FFR remains at a high level, making US manufactured goods less competitive in the global market. US exports fell 0.7% MoM to the lowest level in seven months.
The Strong Dollar has pushed the US Trade Deficit more. Appreciation of the USD exchange rates as the FFR remains at a high level, making US manufactured goods less competitive in the global market. US exports fell 0.7% MoM to the lowest level in seven months.
Throughout 9M22, ICBP’s revenue experienced growth, with all segments equally growing, supported by high volumes and average selling prices. However, the high unrealized fx loss from funding activity in 9M22 caused the current period’s profit attributable to owners of the parent entity to contract by 33.4% YoY.
The US Service sector is increasingly expansive, making the evaluation of FFR gains longer. US service sector expansion, via ISM Services Index in Nov., rose to 56.5 (Vs. Surv. 53.5; Oct. 54.4), providing other evidence of the US economic recovery.
The US Service sector is increasingly expansive, making the evaluation of FFR gains longer and pushing Wall Street to move in the weakening zone consistently. US service sector expansion, via ISM Services Index in Nov., rose to 56.5 (Vs. Surv. 53.5; Oct. 54.4), providing other evidence of the US economic recovery.
