14 December 2022
Petrol prices fell 2% MoM, putting pressure on US inflation. On a monthly basis, US Inflation Headline in Nov. was only 0.1% MoM (Vs. Oct. 0.4% MoM) or recorded an annual inflation rate of 7.2% YoY (Vs. Oct. 7.7% YoY).
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13 December 2022
SUN market was mixed at the start of the week, amidst waiting for the release of inflation and FFR data. Based on a Bloomberg survey, US Headline CPI Nov. projected to slope to 0.3% MoM and 7.3% YoY; with FFR projected to only increase +50Bps (Vs. +75Bps) to 4.25%-4.50%; the data will be released on Tuesday and Wednesday local time respectively.
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12 December 2022
The volatility of energy commodities amid the easing of China’s Zero-Covid Policy. Oil prices are approaching its lowest level this year, as US fuel supplies are above forecast, causing Brent and WTI oil to come near to the Lowest Level of USD73.7/Barrel and USD70.6/Barrel of YtD, respectively.
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9 December 2022
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.
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8 December 2022
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.
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