Daily Report | 18 November 2022

Jobless claims fell 2% within the week, again giving the Fed a Hawkish room. Data showed that US Initial Jobless Claims as of Nov. 12 went down as many as 222K claims (- 2% WoW), indicating the labor market remains solid while complementing Resilient Consumers amid high inflation and Borrowing Costs.

Resilient Consumers Keep Inflation High

Resilient Consumers keep inflation high. The accumulation of savings during the Covid19 pandemic, and rising wages amid a solid labor market, helped people cope with high inflation and Borrowing Costs.

Daily Report | 17 November 2022

Resilient Consumers keep inflation high. The accumulation of savings during the Covid19 pandemic, and rising wages amid a solid labor market, helped people cope with high inflation and Borrowing Costs.

US Inflation Slumped Again

US inflation slumped again. After consumer-level inflation is inclined, producer-level inflation also becomes lower. US PPI Headline Oct. was at the level of 8.0% YoY (Vs. Sept. 8.4% YoY), in line with the normalization of gas prices that went down to 10% MoM and the price of several food commodities.

Daily Report | 16 November 2022

US inflation slumped again, and technology stocks continued to rally, with the Nasdaq appreciating by 1% or leading Wall Street’s gains. After consumer-level inflation is inclined, producer-level inflation also becomes lower.

The Fading of The US Inflation Effect

The fading of the US inflation effect and a lack of new sentiments affect Wall Street to weaken. As for Brainard’s signal that the Fed might slow the pace of FFR hikes and hold the Wall Street pressure.

Daily Report | 15 November 2022

The fading of the US inflation effect and a lack of new sentiments affect Wall Street to weaken, with the Nasdaq depreciating by 1% earlier in the week. As for Brainard’s signal that the Fed might slow the pace of FFR hikes and hold the Wall Street pressure.