US inflation is flattening. The high base of inflation in 2021 and the disinflation of several goods and services suppressed the US Headline Inflation in Oct. down to 7.7% YoY. According to CME Fed Watch, this occurrence drives the probability of an increase in the Dec. FFR of just +50Bps, up from 52% to 85%. Fed Pivot expectations in Dec. also supported by the depressed labor data, as US Initial Jobless Claims rise by 3% a week.
US inflation is flattening. The high base of inflation in 2021 and the disinflation of several goods and services suppressed the US Headline Inflation in Oct. down to 7.7% YoY. According to CME Fed Watch, this occurrence drives the probability of an increase in the Dec. FFR of just +50Bps, up from 52% to 85%. Fed Pivot expectations in Dec. also supported by the depressed labor data, as US Initial Jobless Claims rise by 3% a week.
Inflation optimism has reached its peak, and the Nasdaq was up by 200 points, which led Wall Street’s gains. Other than tech stocks sensitive to high-interest rates, the rally in energy stocks was impacted by rising oil prices.
Inflation below 8% ahead of the year-end holiday. The high base inflation in 2021 and the disinflation of several goods and services in the Oct. period suppressed the US Headline Oct. YoY dropped to 7.7% (Vs. Sept. 8.2%).
Inflation below 8% ahead of the year-end holiday, the Dow rose by 1,000 points. The high base inflation in 2021 and the disinflation of several goods and services in the Oct. period suppressed the US Headline Oct. YoY dropped to 7.7% (Vs. Sept. 8.2%).
Government securities market is moving mixed, amid a number of sentiments. Domestically, the domestic economy still responded positively to the realization of domestic economic growth in 3Q22 which grew by 5.72% YoY.
Wall Street weakened by 2%, along with investors that paid their attention to the US Midterms results. The Nasdaq depreciated by 2.5%, leading to Wall Street’s weakening. Investors continue to observe the results of the tight US Midterms, which are likely to make changes to the political power map in the US Congress, making it harder to pass drastic policy changes.
Government won the IDR 10 Trillion SUN Auction. Bids entered in yesterday’s SUN auction were IDR 22.9 trillion, or higher than the total bids entered in the previous SUN auction of IDR 17.08 trillion.
Wall Street rallied amid US Midterms. The Dow appreciated 300 points, or 1% leading Wall Street’s gains. As for the US Midterms outcome, it will determine Congress’s control amid fears of major changes in politics.
