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🇺🇸 The US headline PPI in November recorded 0.9%, down from 1.2% in the previous month, while the core PPI rose 2%, showing the lowest level of inflation since January 2021.

🇺🇸 In its December FOMC statement, the Fed evaluated that the economic activity growth has decelerated compared to the third quarter, and the inflation rate has also declined over the past year. The Fed has presented a dot plot to demonstrate the median interest rate forecast for the end of next year, which indicates that the interest rates will decline three times as compared to the current level and settle at 4.6%.

🇺🇸 During the FOMC speech, Fed Chair Powell stated that the probability of additional rate hikes is not substantial, and he also acknowledged that the Fed is currently engaged in discussions regarding the potential rate cuts.
Industrial production in the Eurozone in October decreased by 0.7% compared to the previous month, falling below the market consensus of -0.3%, which is a signal that the Eurozone economy's low growth rate is persisting.

🇯🇵 Japan's Tankan large manufacturers index in the fourth quarter recorded 12.0, exceeding both the previous month's and expectations, and was in line with the BoJ's existing economic judgment predicting a gradual recovery.
The gold price increased by 3%, reaching the upper $2,030.0 level due to the weakening of the dollar and Treasury yields after the December FOMC meeting.
 

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