The labor market remains solid, keeping the Fed on an Aggressive Hawkish path. In fact, speculation arose that the peak of FFR FY22 stands at the level of 5% or an increase of December FFR by +100Bps after the market opinions were split between 50Bps-75Bps.
The labor market remains solid, keeping the Fed on an Aggressive Hawkish path. In fact, speculation arose that the peak of FFR FY22 stands at the level of 5% or an increase of December FFR by +100Bps after the market opinions were split between 50Bps-75Bps.
SUN Benchmark moves mixed, ahead of the results of the Fed’s FOMC Meeting. Yesterday’s market movement also responded to the slowdown in Indonesia’s manufacturing expansion.
The hawkish signal continued, lessening expectations of the Fed Pivot in December. The Fed, again, raised the FFR by +75Bps for the fourth time in November and suggested the Next FFR hike would face a higher threshold.
The Fed Pivot is too early, and the US labor market becomes more solid. US labor data, JOLTS Job Openings rose 437K (4.3% MoM) to 10.7 million in September, as job openings in the accommodation and Food Services industries are high.
The Fed Pivot is too early, and the US labor market becomes more solid. US labor data, JOLTS Job Openings rose 437K (4.3% MoM) to 10.7 million in September, as job openings in the accommodation and Food Services industries are high.
Investors focus on Dec. 14, FOMC Meeting Nov. Results price in. More details, FOMC Meeting Nov. which is projected to increase the FFR by +75 bps has been priced in.
Investors focus on December 14, FOMC Meeting Nov. Results a price in. Apple Inc. shares fell more than 1% after Reuters projected iPhone production to fall 30% next month, following the re-implementation of Zero Covid in China.
Big Cap. Earning Results sustained the JCI’s psychological level of 7,000. Investors’ selective interest in Big Cap. Stocks were due to their financial strength and competitive advantages even amid the uncertainty of economic conditions.
