邦达亚洲:美联储独立性受质疑 美元指数小幅收跌

Group 1: Retail Sales Data - The U.S. retail sales increased by 0.6% month-on-month in November, surpassing the expected 0.5% [1][6] - October's retail sales data was revised down to -0.1% from the initial value [1][6] - Year-on-year, retail sales grew by 3.3%, indicating robust overall consumer data despite structural economic disparities [1][6] - Core retail sales, excluding volatile automobile categories, also saw a 0.5% month-on-month increase, exceeding market expectations [1][6] - The retail sales control group, a key GDP reference, rose by 0.4% month-on-month, aligning with expectations [1][6] - Year-on-year, total retail sales increased by 5.1%, supporting strong GDP growth expectations for Q4 [1][6] Group 2: Economic Activity and Employment - The Federal Reserve's Beige Book reported economic activity growth in most regions, with stable employment conditions [2][7] - Out of 12 Federal Reserve districts, 8 reported economic activity growth, while 8 indicated stable hiring [2][7] - Price increases were noted as "moderate" in most regions, with only two districts reporting "slight" price hikes [2][7] - The outlook for future economic activity is cautiously optimistic, with expectations of slight to moderate growth in the coming months [2][7] Group 3: Currency Exchange Rates - The U.S. Dollar Index experienced a slight decline, trading around 99.10, influenced by profit-taking and concerns over the Fed's independence [3][8] - The Euro saw a minor increase, trading around 1.1640, supported by a weaker dollar and expectations of an end to ECB rate cuts [4][9] - The British Pound rose slightly, trading at 1.3430, buoyed by a weaker dollar and profit-taking, although strong U.S. economic data limited its upward movement [5][10]