Date 12 Dec 24 (Thu) : U.S. CPI up t0 2.7%; Nasdaq cross 20,000 pts at record-high; Yellen's warnings; Trump invitation to China's Xi
- Ada Tam Ying Ying
- Dec 12, 2024
- 1 min read
News to recap
Annual inflation rate accelerates to 2.7% in November, as expected
Trump's tariff plans may 'derail' US inflation progress: Yellen
Nvidia stock tumbles on news of China investigation
Date 12 Dec 24 (Thu) : U.S. CPI up t0 2.7%; Nasdaq cross 20,000 pts at record-high; Yellen's warnings; Trump invitation to China's Xi
So far what I can conclude:
- FOMC may do one more interest rate cut before Trump's administration starts next year
- China steps up economic aid early to stay vigilant with new wave of traiffs under Trump 2.0
- It's important to watch how the high-profile Elon Musk, handles the risk of Tesla's China exposure under Trump era
- Watch ECB on any rate cut later today... may set precedent for the coming FOMC on U.S. interest rate
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