[Tree] U.S. economic policies compared to Japan's
Version 1.03 (2024-09-02 19:38:02.478000)
updates: Added analysis of U.S. fiscal policies and comparisons to Japan
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Version 1.02 (2024-08-21 08:43:59.074000)
updates: Ueda emphasizes cautious policy amid political transitions
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Version 1.01 (2024-08-07 02:03:19.376000)
updates: Update on Bank of Japan Governor Ueda's remarks and additional comments from ADB Chief Economist Albert Park
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Version 1.0 (2024-05-27 02:54:30.031000)
updates: Bank of Japan Governor Ueda's cautious approach to inflation targeting frameworks
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Version 0.99 (2024-05-27 00:53:56.763000)
updates: Bank of Japan Governor Ueda's cautious approach to inflation targeting frameworks
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Version 0.98 (2024-05-08 01:55:55.586000)
updates: Bank of Japan Governor Ueda warns of potential policy action if yen's impact on inflation persists
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Version 0.97 (2024-03-18 03:17:03.999000)
updates: Integration of ADB Chief Economist's outlook on BOJ and Asia Economy
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Version 0.95 (2024-03-07 08:21:14.854000)
updates: Added information about investors awaiting US jobs data and European Central Bank policy meeting
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Version 0.94 (2024-03-07 03:21:43.475000)
updates: Asian markets react to US jobs data and Federal Reserve's interest rate plans
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Version 0.93 (2024-03-01 07:25:52.114000)
updates: Inflation data from US and Europe impacts global markets
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Version 0.92 (2024-03-01 04:23:43.980000)
updates: Indian equities set to rise on strong domestic growth
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Version 0.91 (2024-03-01 01:27:43.650000)
updates: Asian markets rise, Fed's rate cut expectations fade
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Version 0.9 (2024-02-29 18:21:05.039000)
updates: Global stock markets react to US inflation data
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Version 0.88 (2024-02-29 12:18:04.868000)
updates: Asian markets follow Wall Street's lead amid concerns over US inflation
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Version 0.87 (2024-02-29 11:26:42.085000)
updates: US stock futures decline ahead of key inflation reading
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Version 0.86 (2024-02-29 10:40:04.356000)
updates: US stock futures decline amid inflation concerns and Federal Reserve commentary
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Version 0.85 (2024-02-29 07:23:47.067000)
updates: Updates on US inflation data and market sentiment
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Version 0.84 (2024-02-29 03:21:06.385000)
updates: Updated information on Wall Street's decline and investor concerns over inflation data
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Version 0.83 (2024-02-29 02:19:08.209000)
updates: Updated information on Wall Street's decline and investor concerns over inflation and interest rates
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Version 0.82 (2024-02-29 00:18:49.998000)
updates: US stock futures fall on inflation concerns and Fed comments
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Version 0.81 (2024-02-28 23:27:10.791000)
updates: Includes information on global stock market performance, dollar's rise, and Treasury yields
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Version 0.8 (2024-02-28 23:21:39.758000)
updates: Includes information about Wall Street's decline, challenges faced by NVDA and AMAT in China, and the impact on sectors and the bond market
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Version 0.79 (2024-02-28 23:19:23.717000)
updates: Includes information about Wall Street slipping ahead of the inflation data release
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Version 0.78 (2024-02-28 22:19:20.974000)
updates: Includes information about Wall Street slipping ahead of the inflation data release
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Version 0.77 (2024-02-28 21:17:21.503000)
updates: Updated information on US economic data and investor sentiment
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Version 0.76 (2024-02-28 20:21:08.041000)
updates: Global stocks slip as traders await US inflation data
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Version 0.75 (2024-02-28 18:27:08.649000)
updates: Investor sentiment cools ahead of US inflation data release
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Version 0.74 (2024-02-28 15:20:40.694000)
updates: Updates on Wall Street performance and investor concerns over inflation
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Version 0.73 (2024-02-28 08:20:37.351000)
updates: European stock markets traded mixed as investors awaited inflation data
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Version 0.72 (2024-02-28 02:22:18.676000)
updates: US stocks pause as investors await key inflation data
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Version 0.71 (2024-02-27 12:22:50.442000)
updates: London stocks trade flat, UK grocery price inflation drops
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Version 0.7 (2024-02-27 08:22:37.055000)
updates: European stock markets steady ahead of inflation data
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Version 0.69 (2024-02-26 10:30:24.440000)
updates: European stocks slip as investors await inflation data
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Version 0.68 (2024-02-26 08:23:04.868000)
updates: European stock markets slip lower ahead of inflation data
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Version 0.67 (2024-02-26 07:20:16.858000)
updates: The article provides an update on the positive performance of major US, European, and Japanese stocks, and highlights the shift in focus from earnings to economic data. It mentions that the latest uptick in CPI data suggests that the Fed will not be cutting rates before summer, with the first rate cut expected by June. The article also discusses the upcoming US GDP update, the expected decision of the Reserve Bank of New Zealand (RBNZ) to keep rates unchanged, and the expected easing of European inflation figures. It mentions that the EURUSD may come under pressure if European inflation softens and US growth remains strong. The article also mentions the upcoming data releases in the US, Eurozone, New Zealand, Australia, Japan, and Canada.
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Version 0.66 (2024-02-23 15:18:48.455000)
updates: Updates on upcoming US and Eurozone inflation data, RBNZ meeting
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Version 0.65 (2024-02-23 14:19:36.238000)
updates: Updates on upcoming economic data releases and central bank meetings
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Version 0.64 (2024-02-23 11:19:38.502000)
updates: Updates on upcoming US and Eurozone inflation data, RBNZ meeting, and manufacturing PMIs
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Version 0.63 (2024-02-21 10:18:37.727000)
updates: US economy tumbled 0.8% in January, UK claimant count increased, UK GDP figures suggest a recession, U.S. producer prices increased more than expected, EUR/USD drops below 1.0800, GBP/USD struggles near 1.2600, Gold price bulls turn cautious, Bitcoin is 23% away from ATHs
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Version 0.62 (2024-02-20 08:20:15.152000)
updates: New information on US CPI and expectations of delayed Fed rate cut announcement
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Version 0.61 (2024-02-20 02:16:30.219000)
updates: Inflation surprises delay Fed rate cut expectations
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Version 0.6 (2024-02-19 14:23:50.772000)
updates: Inflation in the US is alive and well, with cash-strapped shoppers turning to discount stores. Dollarama, a discount store, reported increased sales and higher income. The Fed is not expected to cut interest rates anytime soon. The CPI came in at 3.1%, while the core CPI was 3.9%, above expectations. The PPI jumped 0.9% for January, above expectations. Retail sales for January were only 0.6%, well below expectations. Odds of a rate cut in March are now low. The UK and Japan have entered a mild recession. Bond yields are rising. The stock market saw mixed performance, with some indices making new all-time highs. Gold stocks are close to a bottom. Gold needs to take out $2,050 to move higher. Silver, platinum, palladium, and copper performed well. Geopolitical tensions and rising costs are inflationary. The US is heading towards a potentially confrontational election in November. Risks remain in commercial real estate and the banking sector. The author advises consulting a licensed professional financial advisor before making any investment decisions.
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Version 0.59 (2024-02-17 07:16:06.509000)
updates: Updates on Wall Street decline and concerns about interest rate cuts
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Version 0.58 (2024-02-14 13:18:25.912000)
updates: Investor skepticism regarding rate cut in March
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Version 0.57 (2024-02-14 09:48:36.601000)
updates: Updated information on US inflation and market expectations
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Version 0.56 (2024-02-14 07:51:25.605000)
updates: Updates on US inflation data, rate cut expectations, S&P500 and Nasdaq performance
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Version 0.55 (2024-02-14 04:50:31.101000)
updates: Asian equities sink as US inflation report dampens rate cut hopes
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Version 0.54 (2024-02-14 02:53:30.225000)
updates: Asian stocks edge down as traders pare back rate cut expectations
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Version 0.53 (2024-02-13 01:26:44.429000)
updates: Discussion of key inflation gauge and its impact on rate cuts
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Version 0.52 (2024-02-05 04:14:41.654000)
updates: Asian stocks slump as rate cut bets recede, oil prices steady
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Version 0.51 (2024-02-05 03:18:29.556000)
updates: Asian markets stumbled as the US jobs report dampened hopes for an early interest rate cut. The non-farm payrolls data showed that the US economy remains resilient despite high interest rates and inflation. Markets had expected a string of rate cuts this year, but the minutes from the Federal Reserve's December meeting indicated a willingness to keep rates elevated. Policymakers have signaled 75 basis points of cuts this year, but markets have priced in as much as 150 points, leaving investors open to disappointment. Investors are now awaiting the release of US consumer price figures later in the week. Asian markets, including Sydney, Seoul, Singapore, and Wellington, were in the red, with Hong Kong and Shanghai leading the retreat. In contrast, US indexes ended slightly higher. The dollar/yen exchange rate was down at 144.50 yen, while the euro/dollar exchange rate was up at $1.0944. The pound/dollar exchange rate was down at $1.2716. West Texas Intermediate crude oil was down 0.8% at $73.20 per barrel, and Brent North Sea crude was down 0.8% at $78.13 per barrel. Bitcoin and Asian stocks dropped as traders reduced their expectations for a March rate cut by the Federal Reserve. Bitcoin's value fell by 0.8% to $43,600, while Asian equity indices, such as Hong Kong's Hang Seng, traded 2% lower. The US nonfarm payrolls data released on Friday showed that the economy created 216,000 jobs in December, beating expectations. This has led to doubts that the Fed will cut the Fed funds rate in March, with traders now pricing a 60% chance of a rate cut, down from over 75% before the payrolls report. The rise in yields presents downside risk to risk assets, including bitcoin, although the anticipated launch of a spot ETF in the US may provide some cushion against adverse moves in the bond market. The US Securities and Exchange Commission is expected to approve one or more spot ETFs by January 10. US stocks edged higher as bond yields retreated from session highs. The core personal consumption expenditures price index increased 2.9% from one year ago, lower than 3% for the first time in two-and-a-half years. Core PCE inflation registered at 1.9% in December, trailing the Federal Reserve's 2% target. The probability of a quarter-point cut in March is 46.2%, down from 70.1% a month ago. The Fed has not confirmed a consensus on the timing of the first cut, but the momentum in growth gives the Fed latitude to hold rates higher for longer. Santander's Stephen Stanley believes the Fed still has significant work to do to bring inflation down to its 2% target. Evercore ISI's Krishna Guha sees a rate cut in June, potentially in May, with no need to rush in March. ASX futures are up 0.2% to 7555. Bitcoin rallied 5.6% to $41,886. The Dow is up 0.3%, the S&P is up 0.2%, and the Nasdaq is up 0.1%. Wall Street ended on a positive note with the S&P 500 closing at a new record high. The DOJ and SEC unveiled charges in a $1.9 billion cryptocurrency fraud scheme. Amazon terminated a planned acquisition of iRobot. Biden is under pressure to strike Iran after three U.S. troops were killed in a drone strike. Economists are split on the timing of rate cuts, with some expecting a cut as early as March. Recent economic data could influence the Fed's decision. The Fed's two-day meeting ends on Wednesday. Asian markets fell after the US Federal Reserve signaled it was unlikely to cut rates. Fed Chair Jerome Powell said the central bank would likely not be comfortable enough with the path of inflation by its next meeting in March to cut interest rates. In South Korea, exports rose 18% year-over-year to $54.69 billion in January, the biggest percentage rise since May 2022. Hong Kong's gross domestic product grew 4.3% year-on-year in the fourth quarter, missing expectations of 4.7% growth. The Fed kept interest rates unchanged and indicated it is not ready to start lowering interest rates just yet. Oil prices are on pace for the first monthly gain since September as tensions rise in the Middle East. Bitcoin slipped as much as 2% after the Fed decision. Treasuries resumed a sell-off and most Asian equities fell after Federal Reserve chair Jerome Powell said policymakers will likely wait beyond March before cutting interest rates. The US 10-year yield climbed as much as seven basis points as Powell spoke, extending its advance made Friday when the benchmark rose 14 basis points. The Treasury declines rippled across Asian bond markets, weighing on government debt in Australia and New Zealand, where yields rose around 10 basis points. Asian equities and US share futures trended lower, while Japanese equities rose. The dollar strengthened against most major peers. Investor bets for a rate cut in March by the Fed tumbled Friday to around 20% from almost 40% on Thursday. Oil was little changed as traders gauged the impact of US and UK strikes against Houthi targets over the weekend. Gold fell slightly. Former US president Donald Trump also signaled he may impose a tariff on Chinese goods of more than 60% if elected.
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Version 0.5 (2024-02-05 03:12:37.157000)
updates: Added information about Treasuries declining and Asian equities falling after Powell's statement
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Version 0.49 (2024-02-01 03:26:16.791000)
updates: Asian markets stumble as Fed crushes hopes for March rate cut
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Version 0.48 (2024-02-01 02:03:18.125000)
updates: Asia markets fall after Fed signals no rate cut in March
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Version 0.47 (2024-01-30 01:28:32.153000)
updates: Wall Street ended on a positive note with the S&P 500 closing at a new record high. The DOJ and SEC unveiled charges in a $1.9 billion cryptocurrency fraud scheme. Amazon terminated a planned acquisition of iRobot. Biden is under pressure to strike Iran after three U.S. troops were killed in a drone strike. Economists are split on the timing of rate cuts, with some expecting a cut as early as March. Recent economic data could influence the Fed's decision. The Fed's two-day meeting ends on Wednesday.
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Version 0.46 (2024-01-27 09:53:05.513000)
updates: Information on the approval of exchange-traded bitcoin funds and China's dependence on Taiwan added
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Version 0.44 (2024-01-11 22:19:48.131000)
updates: Bitcoin's value fell by 0.8% to $43,600. Asian equity indices traded 2% lower.
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Version 0.43 (2024-01-08 08:22:13.815000)
updates: Bitcoin and Asian stocks drop as traders pare March Fed rate cut bets
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Version 0.41 (2024-01-08 05:17:01.720000)
updates: Asian markets drop as US jobs report dampens rate cut hopes
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Version 0.39 (2024-01-08 03:22:47.213000)
updates: Inclusion of Bank of Korea meeting and inflation data
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Version 0.37 (2024-01-08 01:22:29.418000)
updates: Added information about Asian shares being cautious due to concerns about inflation and upcoming earnings reports
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Version 0.36 (2024-01-08 00:17:06.049000)
updates: Inclusion of upcoming inflation reports from US, Japan, and China
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Version 0.35 (2023-12-22 03:07:59.647000)
updates: Mixed reaction of Asian stocks, focus on US inflation data
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Version 0.34 (2023-12-19 03:05:32.974000)
updates: Fed officials push back on rate cut expectations
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Version 0.33 (2023-12-13 10:15:27.438000)
updates: Mixed reaction in Asian markets, updated details on US inflation data and Fed decision
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Version 0.32 (2023-12-13 04:29:05.252000)
updates: Mixed reaction in Asian markets, updated information on US inflation data and Fed decision
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Version 0.31 (2023-12-13 03:11:18.990000)
updates: Mixed reaction in Asian markets to US inflation data
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Version 0.3 (2023-12-12 22:08:11.428000)
updates: Asian markets expected to remain steady, Japan's 'tankan' survey, China's yuan sliding, Wall Street 'fear index' at lowest level
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Version 0.29 (2023-12-12 09:24:45.082000)
updates: Incorporated information about traders awaiting market-moving events and the potential impact of US inflation data and the Federal Reserve's final policy meeting
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Version 0.28 (2023-12-12 07:20:20.951000)
updates: Inclusion of market's rangebound state and recent rally
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Version 0.27 (2023-12-12 03:56:52.411000)
updates: Updated information on Asian market reaction and currency markets
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Version 0.26 (2023-12-11 12:10:05.827000)
updates: Asian markets mixed, US inflation data and Fed decision awaited
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Version 0.25 (2023-12-11 09:09:34.313000)
updates: Asian markets struggled on Thursday following another tepid performance on Wall Street. The Fed's Beige Book summary of the economy revealed that activity had slowed in recent weeks and the labor market continued to cool. Several Fed decision-makers have indicated their preference for keeping rates where they are. OPEC and its allies are expected to announce their production decision later on Thursday, after delaying their meeting by four days. Expectations are growing that the Federal Reserve will cut interest rates in the first half of 2024. Data showed the personal consumption expenditures (PCE) price index slowed further in October. Inflation in the eurozone came in lower than forecast, giving the European Central Bank room to pause on rates and consider cutting next year. Uncertainties persist amid geopolitical risks such as Russia/Ukraine tensions, Middle East dynamics, the upcoming US Presidential election, and the lagged effects of prolonged higher interest rates. Bond yields, interest rate expectations, oil prices, and inflationary pressures are falling globally. Wall Street's major indexes fell on Wednesday, and Asian and emerging stocks may struggle as well. Thailand's November inflation numbers will be closely watched, following reports of cooling inflation in South Korea and Tokyo. Chinese and Australian trade figures will also be released, with concerns over weak trade flows and slowing growth in China. FX reserves figures from Asian countries will be of interest to currency traders and central bank watchers. Asian markets were mostly up as China's consumer price index fell 0.5% year-on-year, the fastest slide since November 2020. The producer price index also fell 3% year-on-year. U.S. crude and the global benchmark lost about 4% for the week. OPEC members and allies have promised production cuts to lift prices. The U.S. unemployment rate fell to 3.7% and consumer sentiment rose to 69.4, the best level since July.
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Version 0.24 (2023-12-11 08:01:59.886000)
updates: Asian markets diverged following mixed day on Wall Street. Expectations growing for Federal Reserve interest rate cut in first half of 2024. Inflation in eurozone lower than forecast. Concerns over US economic outlook and softening labor market. Thailand's November inflation numbers closely watched. China's consumer price index and producer price index fell.
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Version 0.23 (2023-12-11 03:52:59.284000)
updates: Asian markets mixed, China's consumer price index falls
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Version 0.22 (2023-12-11 00:49:22.688000)
updates: Asia markets mostly up, China inflation falls at fastest pace since November 2020
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Version 0.21 (2023-12-06 22:39:59.566000)
updates: Integration of the latest news on global inflation pressures and the US economic outlook
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Version 0.2 (2023-12-01 09:41:46.826000)
updates: Asian markets diverged on Friday following a mixed day on Wall Street. Data showed a continued fall in US inflation. Expectations grow that the Federal Reserve will cut interest rates in the first half of 2024. The European Central Bank may consider cutting rates next year as inflation in the eurozone came in lower than forecast. Geopolitical risks and the upcoming US Presidential election contribute to uncertainties in the market.
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Version 0.19 (2023-12-01 07:41:26.974000)
updates: Asian markets mixed, US inflation data, rate cut talk
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Version 0.18 (2023-12-01 03:37:54.524000)
updates: Asian markets face losses despite rate cut expectations
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Version 0.16 (2023-11-30 03:48:41.357000)
updates: Asian markets struggling, US inflation data awaited
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Version 0.15 (2023-11-30 03:43:50.489000)
updates: Asian markets struggled, US inflation data release, Beige Book summary, Fed's preferred gauge of inflation, Bank of Singapore's outlook, OPEC production decision
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Version 0.14 (2023-11-29 17:34:50.391000)
updates: Wall Street's gains fade as rate-cut optimism wanes on latest Fed comments
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Version 0.13 (2023-11-29 06:37:37.914000)
updates: Integration of information on European and UK markets
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Version 0.12 (2023-11-29 00:37:14.480000)
updates: Dovish comments from Fed officials increase hopes of rate cut
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Version 0.11 (2023-11-28 22:35:44.357000)
updates: Federal Reserve governor Christopher Waller raises possibility of interest rate cut
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Version 0.1 (2023-11-28 19:35:24.248000)
updates: Incorporated perspectives of Federal Reserve governors on interest rates and inflation
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Version 0.09 (2023-11-27 15:48:15.040000)
updates: Economists predict that the Federal Reserve's preferred measure of underlying inflation, the core personal consumption expenditures (PCE) index, will remain high, leading to higher interest rates for a longer period. The core PCE index, which excludes food and energy prices, is projected to be at 2.5% at the end of 2024. However, overall PCE and alternative consumer price indices are expected to decline faster due to lower energy prices. Despite some signs of easing price pressures, the Fed wants sustained evidence of cooling before declaring victory on inflation. Economists anticipate the Fed to start loosening monetary policy in the second quarter of 2022 but expect interest rates to remain higher until the end of 2025. They also predict a slowdown in private investment and a longer time for the unemployment rate to decrease.
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Version 0.08 (2023-11-27 14:43:05.611000)
updates: Economists project higher core inflation and longer period of higher interest rates
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Version 0.07 (2023-11-27 00:35:49.367000)
updates: Inflation gauges in the US and euro zone are expected to show the smallest annual increases since early or mid-2021, indicating that interest rates may not be raised again. The Federal Reserve's preferred measures are set to be published on Thursday, with the personal consumption expenditures price index expected to rise 3.1% in October from a year ago. Euro-region data for November will likely show inflation at 2.7%, the lowest since July 2021.
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Version 0.06 (2023-11-26 20:35:20.700000)
updates: New information on Euro Zone inflation and ECB's focus
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Version 0.05 (2023-11-26 17:34:29.836000)
updates: Updated information on US and Euro Zone inflation gauges
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Version 0.04 (2023-11-26 09:42:34.587000)
updates: Includes new information on inflation gauges in US and euro zone
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Version 0.03 (2023-11-19 06:02:19.719000)
updates: Incorporated information on US inflation and interest rates, European Union's growth outlook
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Version 0.02 (2023-11-18 20:06:50.752000)
updates: Incorporated analysis from Forbes on disappointing inflation data and the Fed's unyielding stance
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Version 0.01 (2023-11-15 13:54:00.195000)
updates: Recent reports indicate that inflation has cooled and the dream economic scenario may be back on the table
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