Federal Reserve Chairman Jerome Powell has said that curbing inflation will have to be painful. However, there is now a growing possibility that this will not happen. The current unemployment rate is 3.7%, about the same level as it was in March 2022, when the interest rate hike began. Meanwhile, the pace of slowing inflation … Read more
The November US employment statistics released on the 8th show that growth in the number of employees and wages exceeded market expectations, and expectations for aggressive monetary easing next year have receded. US bond yields rose. The yield on two-year Treasuries, the benchmark most closely related to U.S. policy interest rates, rose 14 basis points … Read more
U.S. stocks, which rose in November, will become more volatile in December as U.S. bond yields rise and fall. This was predicted by Morgan Stanley strategist Michael Wilson. He remains bearish on the S&P 500 after it rose nearly 20% this year, but expects more constructive seasonal trends and the so-called “January effect” to support … Read more
The US economy has finally begun to slow down. Recent economic indicators, warnings issued by major retailers such as Walmart, US Regional Federal Reserve Economic Report (Signs of this are increasing, such as comments on the economic situation in the Beige Book. U.S. household budgets showed unexpected strength through much of 2023, with spending increasing … Read more
U.S. financial officials’ statements showed a change in tone this week. It’s a step closer to a conversation that has been going on in the market for some time about when the authorities will start cutting interest rates. Several Federal Reserve Board members and regional Fed presidents have spoken so far this week, and the … Read more
Growth in U.S. personal consumption expenditures (PCE) in October slowed from the previous month as inflation continued to slow. This suggests that the economy is shifting to a lower gear. Key Point PCE core price index rose 0.2% month on month Market expectations also rose by 0.2% Increased by 0.3% in the previous month 3.5% … Read more
The U.S. bond market has had little to no success this year, but November has taken a turn for the record. U.S. debt returns this month were the highest since the 1980s, as investors bid up prices for U.S. Treasuries, agency bonds and mortgage-backed securities (MBS). It ignited strong market gains in everything from stocks … Read more
The summer consumption boom came to a halt in October, and inflationary pressures eased. This suggests that the economy may gradually stabilize as expected by the US financial authorities. US retail sales in October decreased by 0.1% from the previous month. Figures for August and September have been revised upward. The US Producer Price Index … Read more
The U.S. consumer price index (CPI) generally slowed in October, a positive sign for the U.S. Federal Reserve as it seeks to rein in inflationary pressures. Market participants’ views on the October US CPI are as follows. ◎Bryce Doty, Senior Portfolio Manager at Sitt Investment Associates: The reason why U.S. bond yields have fallen significantly … Read more
Industrial and Commercial Bank of China (ICBC), one of the world’s largest banks in terms of assets, was hit by a cyber attack by ransomware, a computer virus that demanded ransoms, and was unable to carry out clearing operations for a wide range of transactions. This forced customers to change their trading routes, and traders … Read more