7 December 2022
The Strong Dollar has pushed the US Trade Deficit more. Appreciation of the USD exchange rates as the FFR remains at a high level, making US manufactured goods less competitive in the global market. US exports fell 0.7% MoM to the lowest level in seven months.
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6 December 2022
The US Service sector is increasingly expansive, making the evaluation of FFR gains longer. US service sector expansion, via ISM Services Index in Nov., rose to 56.5 (Vs. Surv. 53.5; Oct. 54.4), providing other evidence of the US economic recovery.
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5 December 2022
Wait and See, welcoming the month of Window Dressing. The lack of sentiment in economic data last week, domestically and globally, led investors to immediately anticipate manufacturing and inflation data in November, which was released Thursday.
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2 December 2022
US Manufacturing PMI is significantly contracted to 47.7 points as borrowing costs rise higher, weighing the demand for the goods. The manufacturing contraction proved the FFR gains had cooled the US domestic economy, with mixed responses from the investors and Wall Street closed mixed.
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1 December 2022
Job openings fell moderately, in line with the expectations of the Fed to suppress inflation. The data shows JOLTS Job Openings As of Oct., as much as 10.3 million (-2.2% MoM) as the FFR reached the level of 3.75%-4.00%, putting pressure on the US economy.
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