About: jonywang
Recent Posts by jonywang
Fed Expected to Expedite Rate Hikes as US CPI Beats Expectations
On January 12 (Wednesday) afternoon (GMT+2), the United States announced its year-on-year, not seasonally-adjusted Consumer Price Index (CPI) for December. US CPI rose 7% in 2021, the largest 12-month gain since 1982, according to data released by the Labor Department. CPI rose 0.5% month-on-month in December, slightly beating the market expectations of 0.4%. The strongContinue Reading
Written on January 13, 2022 at 6:32 am
Categories: Weekly Outlook
ADP Employment Data Far Exceeds Expectations
On January 5 (Wednesday), the United States announced the December ADP employment data. According to the ADP private payroll numbers for December, 807,000 jobs were added compared to estimates of a figure of 410,000 and the previous value of 534,000, the largest increase since May 2021. The minutes from the Fed’s December FOMC meeting on Wednesday showed theContinue Reading
Written on January 4, 2022 at 1:53 am
Categories: Weekly Outlook
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