Core Viewpoint - Thailand's inflation rate is expected to recover from -0.14% in 2025 to 0.4% in 2026, although there are concerns about the risk of deflation due to the increasing proportion of declining prices in the consumer price index basket [1] Group 1: Inflation Recovery Factors - The recovery in inflation for 2026 is primarily influenced by a reduction in supply-side pressures, with expectations that energy prices will decrease alongside international market prices, leading domestic diesel retail prices to potentially fall below 30 Thai Baht per liter [1] - Prices of vegetables and fruits are anticipated to rise slightly, which will mitigate the downward pressure on inflation [1] Group 2: Core Inflation Trends - The core inflation rate is expected to remain positive but with a slower growth rate, as prices for various goods, particularly finished food products, non-alcoholic beverages, and seasonings, are projected to increase, albeit at a reduced pace [1] - This slowdown in price increases aligns with the weak purchasing power of domestic consumers [1] Group 3: Historical Context - In 2025, Thailand's inflation rate recorded a -0.14%, marking the first annual negative growth in nearly five years [1] - By December 2025, the inflation rate had been in negative territory for nine consecutive months, although the decline narrowed from -0.49% in November to -0.28% in December [1]

新浪合作大平台期货开户 安全快捷有保障 责任编辑：李桐 美联储理事米兰周四表示，他希望今年降息150个基点，以提振美国劳动力市场。他的任期将于1月底结 束。 米兰表示，鉴于他认为核心通胀率可能在2.3%左右，美联储官员还有进一步降息的空间。 美联储理事米兰周四表示，他希望今年降息150个基点，以提振美国劳动力市场。他的任期将于1月底结 束。 米兰表示，鉴于他认为核心通胀率可能在2.3%左右，美联储官员还有进一步降息的空间。 "我希望降息150个基点。这在很大程度上取决于我对通胀的看法。"米兰称，"核心通胀率与我们的目标 相差不大，这很好地表明了中期整体通胀率的走向。" 米兰的最新发言更为明确地界定了他对今年降息目标的看法。他周二表示，"今年的降息幅度将远远超 过100个基点"。 米兰呼吁降息150个基点，与美联储19位决策者在12月议息会议结束时公布的、对2026年底合适联邦基 金利率的最低预测一致。该匿名预测认为联邦基金利率区间届时将达到2.00%-2.25%，较次低预测低了 50个基点。当前美联储政策利率区间为3.50%-3.75%。 "我希望降息150个基点。这在很大程度上取决于我对通胀的看法。"米兰称 ...

波通社12月16日报道，波兰央行数据显示，11月份核心通胀率同比为2.7%，低于一个月前的3.0%；环 比通胀率为-0.1%，低于前一个月的0.1%。 ...

Core Insights - The core inflation rate in Singapore for November 2025 remains stable at 1.2%, unchanged from October [1] - Overall inflation rate (CPI-All Items) also holds steady at 1.2%, consistent with the previous month [1] - The stability in core inflation is attributed to rising service sector inflation being offset by declining retail and other goods inflation, as well as a larger drop in electricity and gas costs [1] Detailed Breakdown - Service sector inflation increased slightly from 1.8% to 1.9%, driven by higher costs in point-to-point transport services and health insurance [1] - Retail and other goods inflation decreased from 0.4% to 0.3%, primarily due to falling prices in clothing, footwear, and personal care products [1] - Electricity and gas prices saw a more significant decline, with a year-on-year drop of 4.1%, mainly due to reduced electricity costs [1] - Private transport inflation slowed from 3.8% in October to 3.5%, attributed to a narrowing increase in car prices [1] - Accommodation inflation remained unchanged at 0.3% [1] Future Outlook - The Monetary Authority of Singapore (MAS) and the Ministry of Trade and Industry (MTI) project the core inflation rate for the entire year of 2025 to be around 0.5%, with overall inflation expected to range between 0.5% and 1.0% [2] - For 2026, both core and overall inflation rates are anticipated to fall within the range of 0.5% to 1.5% [2] - The inflation outlook remains uncertain, with geopolitical developments potentially raising import costs, while weaker-than-expected global demand could keep core inflation low for an extended period [2]

Group 1: Precious Metals Futures - Palladium futures have surpassed $1800 per ounce, with a daily increase of 0.85% [1] Group 2: Energy and Shipping Futures - WTI crude oil has crossed $57 per barrel, also showing a daily rise of 0.85% [2] Group 3: Macro and Market Impact - The Director of the National Economic Council, Hassett, indicated that there is still ample room for interest rate cuts; the current three-month average core inflation rate stands at 1.6% [3][4] - Hassett mentioned that President Trump hopes the Federal Reserve Chairman will adhere to a "data-dependent" principle for independent judgment, with a significant housing policy proposal expected to be announced in early next year [5][6] - U.S. Secretary of State Rubio expressed confidence in maintaining a strong partnership with Japan while seeking productive cooperation with the Chinese government, drawing attention to U.S. policy direction in the Asia-Pacific region [7] - On December 20, Li Bing, Deputy Secretary-General of the State-owned Assets Supervision and Administration Commission, met with the President of the Hong Kong Monetary Authority, Yu Weiwen, to discuss deepening cooperation with Hong Kong and supporting its status as a financial center [8] - The front page of the People's Daily includes topics such as optimizing regional economic layout under a "one chessboard" approach, promoting comprehensive green transformation in economic and social development, and practices for high-quality energy development by the Southern Power Grid [9]

Group 1 - The core inflation rate's three-month average is currently at 1.6% [1] - The White House is seeking data-dependent candidates for the position of Federal Reserve Chair [1]

Group 1 - The silver market is currently in a consolidation phase, with prices fluctuating and reaching a high of $66 on Wednesday, while remaining above $64 on Friday, indicating a long-term upward trend [1] - The U.S. labor market shows volatility, with November non-farm payrolls increasing by 64,000, while the unemployment rate rose to 4.6%, higher than the expected 4.5% [1] - Retail sales in the U.S. remained flat in October, with declines in auto sales and gasoline revenues offsetting growth in other categories [1] Group 2 - The Consumer Price Index (CPI) in the U.S. increased by 2.7% year-on-year in December 2025, marking the lowest level since July and below market expectations of 3.1% [2] - The core inflation rate, excluding food and energy, rose by 2.6% year-on-year, the lowest since March 2021, also falling short of the expected 3.0% [2] Group 3 - On Thursday, silver prices opened at $66.177, experienced a drop to $65.514, and then surged to a high of $66.65 before closing at $65.473, indicating a strong bullish trend [3] - The key short-term support level for silver is $64.32, which is crucial for maintaining bullish momentum; a drop below this level could trigger profit-taking [3] - The current strong expectations for interest rate cuts suggest limited downside potential for silver prices, despite the possibility of a pullback [3]

Group 1 - The core viewpoint of the news highlights a bearish trend in silver trading, with current prices showing a decline from the opening value [1] - The silver TD opened at 15420 CNY/kg and is currently trading at 15117 CNY/kg, reflecting a decrease of 2.24% [1] - The highest and lowest trading points for silver TD today were 15499 CNY/kg and 15034 CNY/kg, respectively [1] Group 2 - The U.S. Consumer Price Index (CPI) for December 2025 increased by 2.7% year-on-year, marking the lowest level since July and falling below the market expectation of 3.1% [2] - The core inflation rate, excluding food and energy prices, rose by 2.6%, the lowest since March 2021, also below the expected 3.0% [2] - The CPI data supports the dovish faction within the Federal Reserve, which advocates for further interest rate cuts, likely benefiting precious metals like silver while negatively impacting the U.S. dollar [2] Group 3 - The daily chart indicates that silver TD experienced a slight increase yesterday, but the upward momentum has weakened, leading to a downward trend today [3] - The Relative Strength Index (RSI) on the hourly chart shows a neutral to bearish state, while the DMI indicates a potential rebound signal [3] - Key support levels for silver TD are identified between 14500 and 15000, with resistance levels between 15400 and 16000 [3]

Core Viewpoint - Investors should reconsider their expectations regarding interest rate cuts, as further cuts may indicate a deteriorating economic situation rather than a positive development [2][3]. Group 1: Federal Reserve Actions - The Federal Reserve announced its third interest rate cut of the year, interpreted as a measure to prevent a collapse in the labor market [2]. - Claudia Sahm, a former Fed economist, suggests that if the Fed continues to cut rates, it may signal underlying economic issues [2][3]. - The core inflation rate remains stubbornly at 2.8%, above the Fed's 2% target, while unemployment rates are rising, complicating the Fed's dual mandate [3][4]. Group 2: Labor Market Concerns - Sahm emphasizes the potential vulnerabilities in the labor market, noting that the unemployment rate has risen for three consecutive months and hiring has slowed to levels that could increase unemployment [6]. - Initial jobless claims are considered a lagging indicator, meaning they often spike after a recession has begun, making them unreliable for predicting future labor market conditions [6][7]. Group 3: Future Policy Implications - There is a risk that the Fed may wait too long to act, which could lead to missed opportunities for timely intervention [7]. - Sahm anticipates that Powell will keep the possibility of further easing on the table but will stress that any additional cuts require strong justification [8]. - The upcoming employment report could significantly influence Powell's decisions, as premature announcements regarding rate cuts could put him in a difficult position [9].

菲律宾11月通胀率降至1.5% 中新社马尼拉12月5日电 (记者 张兴龙)菲律宾国家统计局5日公布数据显示，该国11月通胀率降至 1.5%，较10月下降0.2个百分点，为今年8月以来首次回落。 数据显示，今年前11个月，菲律宾平均通胀率为1.6%，低于政府设定的2%至4%年度目标区间下限。 菲律宾11月通胀回落主要受食品和非酒精饮料价格涨幅放缓所带动。数据显示，菲11月食品和非酒精饮 料价格同比涨幅由10月的0.5%降至0.1%。此外，酒类和烟草、家具和家用设备以及个人护理等类别商 品价格涨幅均有所回落，也进一步减轻了整体物价上行压力。 菲律宾媒体分析认为，温和的通胀水平为菲律宾中央银行继续实施宽松货币政策提供了空间。由于菲第 三季度经济增速低于官方与市场预期，外界普遍预计央行有望在本月的政策会议上再次宣布降息。(完) 来源：中国新闻网 编辑：付健青 广告等商务合作，请点击这里 本文为转载内容，授权事宜请联系原著作权人 中新经纬版权所有，未经书面授权，任何单位及个人不得转载、摘编或以其它方式使用。 关注中新经纬微信公众号(微信搜索"中新经纬"或"jwview")，看更多精彩财经资讯。 食品方面，菲律宾11月食 ...