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Real-time News
August 12th - U.S. consumer prices rose slightly in July, potentially weakening market expectations for a Federal Reserve rate hike in September. The Bureau of Labor Statistics reported Wednesday that the Consumer Price Index (CPI) rose 0.1% month-over-month in July, following a 0.4% decline in June (the first drop in six years). This CPI report comes a week after the U.S. released data showing an unexpected job loss in the previous month. Policymakers will still receive the August CPI and jobs reports before the September meeting. Economists expect Augusts CPI increase to likely accelerate due to recent oil price increases. Meanwhile, job growth is expected to rebound as seasonal distortions fade. However, while the cooling July inflation data may further reduce market expectations for a rate hike, this may not offer much comfort to consumers, as wage growth has not kept pace with price increases. High living costs have weakened many Americans views of Trump and could influence the Republican Partys performance in the November midterm elections, which will determine control of Congress for the next two years. Trumps victory in the 2024 presidential election was largely attributed to his promise to reduce inflation.August 12th - Analyst Jersey stated that while the expected CPI data remains firmly above the Federal Reserves target, it is slowly moving in the right direction. Given market expectations for inflation over the next year, its hard to imagine this data triggering any significant rebound. The Fed still has a months worth of data to watch, so volatility is likely to be low in the coming weeks, typical of the summer market. The next key event is the Jackson Hole central bank symposium, but the August jobs report is the most crucial.August 12th - Market analyst Chris Ansty stated that the overall and core US CPI data were entirely in line with expectations. In short, these monthly data points themselves dont trigger inflation alarms and are largely consistent with the Federal Reserves targets. Warsh can breathe a sigh of relief for now. But what he really needs is for the August inflation report to deliver the same figures, but thats "still a long way off."Futures Market Summary | Wednesday, August 12th, CCTV News Highlights: 1. Construction of a comprehensive three-dimensional transportation network is accelerating its westward expansion. 2. The documentary "Jiang Zemin" will continue airing tonight. 3. The CPC Central Committee, the Standing Committee of the National Peoples Congress, the State Council, and the National Committee of the Chinese Peoples Political Consultative Conference announced the passing of Comrade Zhu Rongji. 4. my countrys automobile exports continue their strong growth momentum. 5. Nuclear power project construction is progressing steadily, with the total installed capacity ranking first in the world. 6. Various regions and departments are actively responding to heavy rainfall. 7. The overall situation of vegetable supply nationwide is stable. 8. This year, 13 key regions in my country are accelerating the construction of drainage capacity. 9. The Yellow River has achieved 27 consecutive years of continuous flow. 10. my countrys largest multi-purpose heavy-lift vessel has been delivered. 11. The domestically produced C919 large passenger aircraft officially began operating international commercial routes. 12. The 49th escort fleet of the Chinese Navy set sail for the Gulf of Aden. 13. The severe earthquake disaster in Colombia is being addressed with intensified rescue efforts. 14. The Houthi rebels in Yemen claim to be targeting Saudi-linked objectives. 15. Pakistans Interior Ministers visit to Iraq draws attention to US-Iran talks. 16. The death toll from Ebola in the Democratic Republic of Congo surpasses 2,000 in this round.On August 12, Lin Honghong, Vice Chairperson of the China Council for the Promotion of International Trade (CCPIT), met with Fan Yong, General Manager of Government Affairs for Greater China at Apple Inc., in Beijing. The two sides exchanged views on topics including promoting better development of foreign-invested enterprises in China, participation in the 2026 APEC business activities, and strengthening cooperation in industrial and supply chains.
