Japan Inflation Falls Below BOJ Target as Energy Subsidies Ease Consumer Pressure 
Iran-U.S. Talks Continue as Strait of Hormuz and Uranium Dispute Stall Peace Efforts 
Trump-China Summit Yields Limited Progress on Trade and Tech Cooperation 
China Delays Pentagon Official’s Beijing Visit Amid Taiwan Arms Deal Tensions 
Goldman Sachs Sees Stronger U.S. Dollar as Global Economic Gaps Widen 
Asian Stocks Rally as Nvidia Earnings Boost Tech Shares, Samsung Jumps on Wage Deal 
World Bank Emergency Funding Demand Surges as 27 Countries Seek Crisis Support Amid Iran Conflict 
US Stock Futures Slip as Nvidia Earnings Fail to Fully Impress Investors 
ECB Signals Possible Rate Hike as Middle East Tensions Push Euro Zone Inflation Higher 
Trump Signals Tough Stance on Iran Uranium Stockpile as Nuclear Talks Show Limited Progress 
Cuba needs a long-term solution to its energy crisis 
Oil Prices Climb as Trump Warns of Possible U.S. Strike on Iran 
Mexico-EU Free Trade Deal Signals Strategic Shift Away From U.S. Dependence 
Japan Posts Strong April Trade Surplus as Exports Surge Amid Robust U.S. and China Demand 
Dollar Slips as Risk Appetite Grows Amid Nvidia Rally and Iran Peace Hopes 
US Economy Fueled by AI Investment Faces Rising Risks Ahead of Fed Meeting 
US dollar index is trading in a narrow range between 106.33 and 106.96 in past one week due to mixed US economic data.
As of November 14, 2024, the Producer Price Index (PPI) showed no change from the previous month, while the core PPI rose by 0.2%. Jobless claims slightly improved, with initial claims falling to 221,000 but continuing claims rising to 1.892 million. Retail sales increased by 0.4% in October, exceeding expectations, while industrial production fell by 0.3%. Consumer sentiment declined to 70.5, suggesting people are becoming more cautious. Inflation expectations hit a four-year low, indicating easing price pressures. Overall, the economy shows mixed signals, with strength in retail but weakness in production and claims. These trends will be important for policymakers moving forward.
Recent reports on the Consumer Price Index (CPI) and Producer Price Index (PPI) have changed expectations for a Federal Reserve rate cut. The chance of a rate cut in December has increased to about 80%, up from around 60% beforehand. Traders widely believe the Fed will lower interest rates by 25 basis points. This development shows growing confidence that the Fed will respond to the economic data. Overall, the situation suggests a likely move towards easing monetary policy.
Next week, several countries are set to announce their estimates for October consumer inflation
Canadian CPI Data
Release Date: Tuesday, November 19, 2024.
UK CPI Data
Release Date: Wednesday, November 20, 2024.
