Foreword: Fugreen has been operating in good faith for 13 years, and has always pursued the concept of customer-oriented service, paying special attention to the security of formal withdrawals and providing financial guarantees, and is good at exploring opportunities to enter the market. Core inflation in the U.S. rebounded in November, reinforcing the Fed's intention to keep interest rates high in the near term. Fugreen will always provide formal, high-quality and safe withdrawal guarantee services in place, and at the same time, you can consult more real-time product operation strategy suggestions to improve profit efficiency.
Fugreen has been operating in good faith for 13 years, and has always pursued the concept of customer-oriented service, paying special attention to the security of formal withdrawals and providing financial guarantees, and is good at exploring opportunities to enter the market. Core inflation in the U.S. rebounded in November, reinforcing the Fed's intention to keep interest rates high in the near term. After the release of the US CPI data for November, the focus of this week will be on the Federal Reserve's monetary policy decision announced on Wednesday, as well as key data such as the November PPI and retail sales monthly rate, which are expected to continue to trigger market upsets. Fugreen will always provide formal, high-quality and safe withdrawal guarantee services in place, and at the same time, you can consult more real-time product operation strategy suggestions to improve profit efficiency.
According to the news, on Tuesday, the month-on-month growth rate of the CPI in the United States in November unexpectedly accelerated and hit the market's expectations of interest rate cuts02% to 1980$96 an ounce, still hovering at a three-week low.
Core inflation in the U.S. rebounded in November, reinforcing the Fed's intention to keep interest rates high in the near term. Data released on Tuesday (December 12) showed that the annual rate of non-seasonally adjusted CPI in the United States recorded 31%, a new low since June this year, in line with market expectations. Core CPI, which excludes food and energy costs, rose 02% was followed by an increase of 03%, with an annual rate of 4%. The data highlighted the volatility of the rebound in inflation. On the occasion of the CPI announcement, ** moved higher by more than $10, but then fell back to $1,980. After the release of the data, the market lowered expectations for the Fed to loosen monetary policy aggressively next year.
Yellen said on Tuesday that the U.S. economy is moving in the direction of curbing inflation without a severe economic slowdown. This means that the U.S. economy can achieve a so-called "soft landing." Asked whether inflation progress would allow the Fed to cut interest rates earlier, Yellen declined to comment on how the Fed should behave. But she said falling inflation meant that inflation-adjusted real interest rates were rising while the Fed kept nominal rates unchanged.
On Monday, the New York Fed released a survey showing that U.S. consumers' near-term inflation expectations fell to their lowest level since April 2021 in November. Median inflation expectations for the year ahead fell to 3 for the second month in a row4%, down from 36%。Expectations for 3-year and 5-year inflation are stable at 3% and 2., respectively7%。These data are crucial for setting monetary policy and economic trends.
The Federal Reserve will hold a two-day monetary policy meeting starting on Tuesday and announce its policy decision on Wednesday. The Fed is widely expected to keep borrowing costs at 5 by the end of Wednesday's two-day meeting25%-5.The 50% range is unchanged. Investors will focus on Fed Chair Jerome Powell's press conference, as well as the Fed's latest dot plot. At the same time, the market is focused on the policy meetings of the four major central banks including the Federal Reserve, Europe, Japan and the United Kingdom this week, and the market is currently expecting the Fed and the European Central Bank to keep interest rates unchanged, but Fed Chairman Jerome Powell is unlikely to change his hawkish stance, and he needs to pay attention to his signals on when to consider cutting interest rates. At that time, ** will also usher in a major test, and market volatility may be amplified again. More news** data release, investors can pay attention to it through Fugelin** in time.
On Tuesday, expectations of an early rate cut by the Federal Reserve were frustrated, causing an early attempt by the international market to lose momentum and hit a new five-month low. WTI**'s intraday decline once widened to 4%, and finally closed down 374% at 68$8 barrel;Brent** closed down 353% to 73$58 barrel.
With signs of exuberance mounting, it fell to a five-month low. ** It has been a seven-week losing streak, and new production cuts by OPEC and its allies have failed to stop oil prices. The voluntary production cuts reached at the OPEC+ meeting disappointed investors and made the center of gravity of oil prices continue to sink, but the ** of oil prices has obviously played a positive role in urging OPEC+ to implement voluntary production cuts, and in the past few days, Saudi Arabia and Russia have stated that OPEC+ can deepen production cuts if necessary. But OPEC+ production cuts have not fully offset concerns about surplus and weak fuel demand growth next year. The uncertainty of the global economic situation has increased, and 2024 has brought certain troubles to the ** market.
Tuesday's EIA Short-Term Energy Outlook report projected a 2023 Brun** of 82$40 barrel, compared to the previous expectation of $83$99 barrel. It is expected that in 2024 Bren** will be 82$57 barrel versus 93$24 barrel. The WTI*** is expected to be 77 in 2023$63 barrel, compared to the previous forecast of 79$41 barrel. The WTI*** is expected to be 78 in 2024$07 barrel, compared to the previous expectation of 89$24 barrel.
According to Fugelin's analysis, the market is facing the challenge of balance between supply and demand, the uncertainty of the global economic situation and the pressure of weak demand from China, a major oil importer. Data from the American Petroleum Institute (API) on Tuesday morning showed that the U.S. API** inventory fell by 234 in the week to Dec. 890,000 barrels, with an expected decrease of 1.5 million barrels. Investors can continue to focus on the intraday EIA weekly inventory data, and it is worth noting that this week also needs to pay attention to the remaining two monthly reports on the demand outlook. It is recommended to log in to Fugreen in time** to pay attention to the relevant specific data, and consult to obtain accurate ** layout profit strategy.