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The U.S. has hit the debt ceiling
Financial Q&A

The U.S. has hit the debt ceiling

1. The U.S. has hit the debt ceiling. U.S. Treasury Secretary Yellen said the Treasury Department will start using special debt ceiling measures on Thursday. The “bond issuance moratorium” will

U.S. CPI growth negative in December 1. The month-on-month growth rate of CPI in the United States in December recorded the first negative value in 32 months, to -0.1%, with an annual rate of 6.5%, declining for six consecutive months, and the core CPI annual rate recorded at 5.7%. Biden commented: Inflation has come down, giving people room to breathe. 2. The swap market currently expects the Fed to raise interest rates: the probability of raising interest rates by 25BP in February is over 90%, reaching a terminal rate of 4.91% in June, and there is room for a 50BP rate cut by the end of the year. 3. Chairman of the White House Council of Economic Advisers: The possibility of further release of the strategic oil reserve cannot be ruled out. 4. European Central Bank Economic Bulletin: The euro zone economy may contract in Q4 of 2022 and Q1 of 2023. 5. Johan Sverdrup, the largest oil field in the North Sea, cut oil production by about 500,000 barrels per day due to a power outage on Wednesday. 6. On the 6th, the Iraqi judiciary issued an arrest warrant for the then US President Trump who ordered the attack on Iran's top general Soleimani. 7. U.S. inflation data caused a huge shock in the financial market. U.S. bonds fluctuated 22BP in 2Y for a short period of time, gold broke through the 1900 mark, the cumulative decline of the U.S. dollar from the current high point expanded to 1200 points or 10.8%, and the Japanese yen appreciated sharply by 2.5% in a single day. Bitcoin, which has been trading for two months, has made a breakthrough, and US stocks have been weakly boosted. 8. Speech by Fed officials - Harker: It's time to adjust the interest rate range to 25BP. The terminal interest rate is expected to be slightly higher than 5%; Barkin: tends to slow down interest rate hikes, and tends to make the balance sheet entirely composed of government bonds; Bullard: there is no point in delaying, and the interest rate should be raised above 5% quickly . Core inflation has fallen more slowly.
International News Today

U.S. CPI growth negative in December

1. The month-on-month growth rate of CPI in the United States in December recorded the first negative value in 32 months, to -0.1%, with an annual rate of 6.5%, declining

Russia's central bank to buy yuan as wealth reserve
International News Today

Russia’s central bank to buy yuan as wealth reserve

1. The Central Bank of Russia will start buying RMB as a reserve of wealth funds from January 13. 2. Boston Fed Chairman Collins is currently the Fed official who