OCBC Bank: The market has fully priced in a 25 basis point rate cut by the Federal Reserve
OCBC Bank's Hong Kong economist Wang Haoting stated that looking ahead to this week, the market will focus on a series of PMI data from the Eurozone, the United States, the United Kingdom, and Australia; the UK's November CPI, the US November core PCE price index, and the German IFO survey figures. Additionally, investors will pay close attention to the last FOMC meeting of the year. Given the current situation, the market has fully priced in a 25 basis point rate cut by the Federal Reserve, and the focus remains on the tone of the FOMC statement, changes in the dot plot, and Chairman Powell's remarks at the press conference. Wang Haoting mentioned that the market is awaiting the interest rate decisions from the Federal Reserve, the Bank of England, and the Bank of Japan. The S&P 500 index fell slightly by 0.16% last Friday, while the yield on the 10-year US Treasury rose by 7 basis points to 4.397% amid inflation concerns, marking the largest weekly increase since October 2023
According to the Zhitong Finance APP, Wang Haoting, an economist at OCBC Bank in Hong Kong, stated that looking ahead to this week, the market will focus on a series of PMI data from the Eurozone, the United States, the United Kingdom, and Australia; the UK's November CPI, the US's November core PCE price index, and Germany's IFO survey figures. In addition, investors will pay close attention to the last FOMC meeting of the year. Under the current circumstances, the market has fully priced in a 25 basis point rate cut by the Federal Reserve, and the focus remains on the tone of the FOMC statement, changes in the dot plot, and Chairman Powell's remarks at the press conference.
Wang Haoting mentioned that the market is awaiting the interest rate decisions from the Federal Reserve, the Bank of England, and the Bank of Japan. The S&P 500 index fell slightly by 0.16% last Friday, while the yield on the 10-year US Treasury rose by 7 basis points to 4.397% amid inflation concerns, marking the largest weekly increase since October 2023