20 February 2023
Ahead in the week, market participants will be looking towards series of important macroeconomic data; preliminary services and manufacturing PMIs, existing home sales, FOMC meeting minutes, GDP and PCE data as well as personal spending and Michigan consumer sentiment and expectations.
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17 February 2023
The USD hit a 6-week high, and Treasury yields rallied after US economic data showed producer-level inflation (Jan.) came in higher than expected, while jobless claims were lower; further pressuring the Federal Reserve to continue maintaining a tight monetary policy to combat the inflation.
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16 February 2023
USD rallied along with an increase in US Treasury yield; amid the release of US Retail Sales (Jan.) data that rallied to a 2-year high, implying a resilient economy in terms of consumer spending; indicating the US central bank will keep interest rate high for a while longer.
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15 February 2023
The US Inflation (Jan.) data came in at 6.4% YoY due to higher rent and food costs; higher than expected at 6.2%, though lower than 6.5% in Dec. Meanwhile, Core Inflation still grew at 5.6% YoY, which is above the forecast of 5.5% and lower than 5.7% in Dec.
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14 February 2023
The market patiently awaits US January inflation data later tonight (WIB). Survey expects the annual inflation rate to fall to 6.2% on yearly basis, from 6.4% in December; and rise to 0.5% from 0.1% (revised from -0.1%) on the monthly level. Core inflation (which excludes fuel prices) is expected to rise 0.4% MoM and 5.5% YoY.
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