Daily Report | 30 Agustus 2022
Survey: US booked deflation in August. NHKSI Research observes that Bloomberg survey, US Headline CPI Aug. MoM, started to post -0.0% deflation (Vs. Jul. +0.0%), as fuel prices continued to fall.
Daily Report | 29 August 2022
Hawkish Powell Speech Vs. Sloping PCE inflation. Nasdaq fell nearly 4%, responding negatively to the Fed’s aggressive Hawkish commitment in Powell’s speech at the Jackson Hole symposium last Friday.
The Impact of The Jackson Hole Symposium Result
The impact of the Jackson Hole Symposium Result will only be seen on the market on Monday. SUN market relatively mixed for a week, amid the annual Jackson Hole symposium meeting which began Thursday, and the Fed’s chair is scheduled to give a speech on Friday.
Investor Response Was Mixed
Investor response was mixed, amid the August CPI Headline survey exceeding 5% YoY. BI’s 7DRRR +25 bps hike in August provides certainty amid rising domestic inflation.
Daily Report | 26 August 2022
Consumer spending drives a moderate contraction in the US economy. US GDP Annualized 2Q22 QoQ was revised higher, booking a moderate contraction of -0.6% (Vs. Est. -0.9%; 1Q22 -1.6%); as Personal Consumption 2Q22 QoQ was revised up to +1.5% (Vs. Est. +1.0%; 1Q22 +1.8%).
SUN Benchmark Closed Mixed
SUN Benchmark closed mixed, responding to BI’s Hawkish policy. The government’s subsidized fuel policy has the opportunity to have a significant Second Round Effect.
Daily Report | 25 August 2022
US economy ready for a Soft Landing, Wall Street dominantly moved in the Green Zone. In addition to the depressed economic welfare indicators, US property market started to improve, and NHKSI Research sees the Fed will only raise the FFR by +50Bps next September, providing a Soft Landing for the US economy, in a speech scheduled for Friday at the Jackson Hole symposium.
Investors’ Negative Response to The Increase in Fuel Subsidies
Investors’ negative response to the increase in fuel subsidies will push September inflation higher. The Government’s plan to increase the price of Pertalite subsidized fuel directly affects the inflation rate, which in turn has the potential to reduce people’s purchasing power.
Daily Report | 24 August 2022
US manufacturing expansion slows, Wall Street mixed ahead of the Fed meeting at the Jackson Hole Symposium on Aug. 25-27.
