Real-time News

January 22nd - The Federal Reserve's preferred PCE inflation gauge performed largely in line with expectations in November, but this did not provide policymakers with much to consider, making it difficult for them to determine when another interest rate cut would be appropriate. Newly released data shows that the US core PCE price index rose 0.2% month-over-month and 2.8% year-over-year in November. Because the data was delayed due to the prolonged government shutdown, these figures reflect the situation in November of last year, which was several months ago. While the PCE is the Fed's preferred measure of inflation, the timeliness of this report means officials may place less emphasis on this data than under normal circumstances. Even so, the data suggests that inflation remains stubborn but stable, hovering near recent levels. With more timely data expected in December and early 2026, the Fed appears prepared to remain patient and keep interest rates unchanged at next week's policy meeting.

U.S. natural gas futures surged 15.00% intraday, currently trading at $5.607 per million British thermal units (MMBtu).

The U.S. Bureau of Economic Analysis: October prices were calculated using the geometric mean of the CPI from September to November.

U.S. real personal consumption expenditures rose 0.3% month-on-month in November.

The U.S. PCE price index rose 2.8% year-on-year in November, below the expected 2.7%.

The U.S. PCE price index rose 0.2% month-on-month in November, in line with expectations.

U.S. personal income rose 0.3% month-on-month in November, below the expected 0.40%.

A summary of market trends for various commodities ahead of the release of the US November PCE data.

Ukrainian President Zelensky: I have spoken with US President Trump about security guarantees and economic plans.

The U.S. Geological Survey reports a 5.3-magnitude earthquake that struck 94 kilometers off the coast of Yokohama, Japan.

Warner Bros.: Confident that the deal with Netflix (NFLX.O) will be approved.

Ukrainian President Zelensky: Russia must be prepared to make concessions.

January 22 - According to the official WeChat account of the China Passenger Car Association, preliminary estimates suggest that the total retail market for passenger cars in January will be around 1.8 million units, a decrease of 20.4% month-on-month and an increase of 0.3% year-on-year. Among them, the retail market for new energy vehicles is expected to reach around 800,000 units, with a penetration rate of about 44.4%.

Ukrainian President Zelensky: The first trilateral team meeting will be held tomorrow in the UAE.

On January 22, the New Development Bank (NDB), headquartered in Shanghai, signed a cooperation agreement with Shanghai Rural Commercial Bank on a green relending project. This project, centered on "financial support for Shanghai's green development," will see the NDB provide the equivalent of US$100 million in five-year RMB funding specifically to support three key green areas: renewable energy and energy efficiency, environmental protection, and digital infrastructure. Xu Li, Party Secretary and Chairman of Shanghai Rural Commercial Bank, stated that green development has become a global consensus, and green finance is the core engine for achieving "dual carbon" targets and driving a comprehensive green transformation of the economy and society.