Paraguay Central Bank Holds Interest Rate at 5.5% Amid Slowing Growth 
Saudi Arabia Warns Oil Prices Could Surge Past $180 a Barrel Amid U.S.-Israel-Iran Conflict 
Asian Currencies Slide as Oil Prices Surge Amid U.S.-Israel-Iran Conflict 
U.S. Stock Futures Steady as Wall Street Retreats on Oil Volatility and Fed Rate Outlook 
EA's $15B Debt Offering Draws $25B in Investor Demand Amid Credit Market Turmoil 
Japan's Parliament Backs Dovish BOJ Board Members, Raising Questions on Rate Hike Path 
J.P. Morgan Now Expects Two ECB Rate Hikes Amid Inflation Pressures 
Dollar Weakens as Middle East War Reshapes Global Rate Expectations 
China Holds Lending Rates Steady Amid Global Oil Price Surge and Middle East Tensions 
U.S. Markets Post Fourth Straight Weekly Loss Amid Middle East Escalation 
Goldman Sachs Delays Bank of England Rate Cut Forecast Amid Middle East Inflation Risks 
U.S.-Iran War Escalates: Marines Deploy, Strait of Hormuz Closure Drives Global Oil Crisis 
China Holds Benchmark Loan Prime Rate Steady for Tenth Consecutive Month 
Federal Reserve Crisis: DOJ Standoff Threatens Powell's Succession and Rate Stability 
Gold Prices Stabilize but Head for Worst Weekly Drop in Six Years Amid Iran War Inflation Fears 
Oil Prices Slide as U.S. Eyes Iranian Supply Relief Amid Middle East Tensions 
Trump Signals End of U.S. Military Campaign Against Iran as Markets Rally 
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.
