News list for " December"
Aaron Hill, chief market analyst at FPMarkets, said in a report that the Fed's December policy meeting faces a difficult challenge due to the lack of official data due to the recent government shutdown. The Fed is divided and cautious within itself, and while some officials support a rate cut, "meaningful hawkish repricing has occurred". LSEG data show that money markets are now roughly equally likely to cut interest rates and keep them unchanged. (Jin Ten)
National Energy Administration: As of the end of December 2024, the country's cumulative installed power generation capacity was about 3.35 billion kW, an increase of 14.6% year-on-year.
National Bureau of Statistics: In December 2024, among the 70 large and medium-sized cities, the sales prices of commercial housing in first-tier cities rose month-on-month, and the overall decline in second- and third-tier cities narrowed month-on-month; the year-on-year decline in first-, second- and third-tier cities continued to narrow.
Federal Reserve Governor Bowman: Support the December rate cut as the "last step" of policy readjustment.
Tesla exported 10,839 Chinese-made vehicles in December.
On January 9, data from the National Bureau of Statistics showed that in December 2024, the national consumer price rose by 0.1% year-on-year. Among them, urban prices rose by 0.1%, while rural prices were flat; food prices fell by 0.5%, non-food prices rose by 0.2%; consumer prices fell by 0.2%, and service prices rose by 0.5%.
According to financial website Marketwatch, the Fed's December meeting notes showed that almost all policymakers saw an increase in upside risks to the inflation outlook, and U.S. stocks have fluctuated between modest gains and losses since then. The latest meeting notes show that Fed officials did not discuss a possible rate hike in December. Officials believe that if inflation remains high, the Fed may keep interest rates unchanged or ease monetary policy at a slower pace.
The Fed's December meeting notes that staff forecasts that economic conditions in the United States will remain solid. Real GDP growth is expected to slow slightly from the previous baseline forecast, and the unemployment rate is expected to rise slightly, but still close to the staff's estimate of the natural rate of unemployment. In the staff's baseline forecast, the inflation forecast for 2024 is slightly higher than the forecast made at the last meeting, reflecting an unexpected upside from ...
