Core Viewpoint - US stock market indices, including the Dow Jones and S&P 500, reached historical highs despite a criminal investigation into Federal Reserve Chairman Jerome Powell by the US Department of Justice. President Trump has called for a cap on credit card interest rates at 10% [1][7]. Market Performance - The Dow Jones increased by 86.13 points (0.17%) to 49,590.20, the Nasdaq rose by 62.56 points (0.26%) to 23,733.90, and the S&P 500 gained 10.99 points (0.16%) to 6,977.27. During the session, the Dow reached a peak of 49,633.35 and the S&P 500 hit 6,986.33, both marking intraday historical highs [3][9]. - The market opened lower but rebounded, driven by gains in Walmart and certain tech stocks, recovering from a drop of nearly 500 points in the Dow [3][9]. Sector Movements - Bank stocks generally declined, with Citigroup down 3%, JPMorgan and Bank of America each down about 2%, and Capital One falling 6%. This was influenced by Trump's statement that financial institutions failing to comply with the proposed credit card interest rate cap could face legal consequences [10]. - Walmart's stock rose by 2% due to optimism about its inclusion in the popular Invesco QQQ Trust ETF, which tracks the Nasdaq 100 index. This retail giant led gains in the consumer sector, which may benefit from Trump's push to lower credit card rates and rising oil prices [12]. Economic Indicators - Market focus is shifting towards the upcoming Consumer Price Index (CPI) data, with expectations that it may come in below 3%. Analysts suggest that the overall economic growth is strong, contributing to positive market sentiment [5][11]. - There is a general expectation that the Federal Reserve will pause further interest rate cuts in its upcoming meeting to assess inflation trends and economic developments [11]. Analyst Insights - Rob Williams, Chief Investment Strategist at Sage, downplayed the significance of the investigation into Powell, suggesting it is merely noise and that the focus should remain on economic data [10]. - Jim Lebenthal, Chief Market Strategist at Cerity Partners, indicated that the investigation's impact on interest rates and inflation is likely to be long-term rather than immediate. He noted that favorable market conditions and anticipated strong earnings reports are supporting market growth [11]. Stock Ratings - Palantir's stock rose by 1% following an upgrade from Citigroup, contributing to a positive trend in some tech stocks, including AMD and Oracle [13].

Core Viewpoint - Australia's Consumer Price Index (CPI) for November 2025 increased by 3.4% year-on-year, a decrease from 3.8% in October, marking the first decline after four consecutive months of increase [1] Group 1: Inflation Data - The main factors driving the CPI increase in November were housing prices, which rose by 5.2% year-on-year, followed by food and non-alcoholic beverage prices, which increased by 3.3%, and transportation prices, which rose by 2.7% [1] - The trimmed mean inflation rate, a key indicator monitored by the Reserve Bank of Australia, slightly decreased from 3.3% in October to 3.2% in November [1] Group 2: Government Response - The Australian Treasurer, Chalmers, stated that the latest data showing a slowdown in inflation for November 2025 is encouraging [1] - He also mentioned that the Australian economy faces challenges in 2026, including inflation, declining productivity, and global uncertainties, and that the government will continue to implement a series of economic measures to address rising prices while enhancing productivity and economic resilience [1]

Core Viewpoint - The recent Consumer Price Index (CPI) in the U.S. was unexpectedly low at 2.7%, compared to Wall Street's forecast of 3.1% [10] Group 1: Tariff Impact on Inflation - Economists had anticipated a surge in inflation following the implementation of tariffs, but studies from the San Francisco Fed indicate that tariffs historically have not led to significant inflation increases [2][11] - Although tariffs have negatively impacted economic growth and increased unemployment, their effect on inflation has been milder than expected [3][11] Group 2: Decline in Tariff Revenue - Tariff revenue has started to decline, with figures dropping from a peak of $34.2 billion in October to $30.2 billion in December [4][12] - The average effective tariff rate in the U.S. is estimated to be around 12%, and the impact of tariffs on Personal Consumption Expenditures (PCE) inflation is only about 0.9 percentage points, with most of this already absorbed by the market [4][12] Group 3: Government Debt and Fiscal Implications - The shortfall in tariff revenue has significant implications for the U.S. government's ability to service its debt, with current tariff revenues falling short of White House expectations [5][13] - The cumulative deficit for the fiscal year 2026 has reached $439 billion, and the national debt exceeds $38.5 trillion [6][14] Group 4: Market Reactions - Investors are demanding higher risk premiums, with slight increases in yields for 5-year and 10-year U.S. Treasury bonds [7][15] - However, stock investors are pleased with the current low inflation environment, as evidenced by the S&P 500 index nearing its historical peak [7][15] - The prevailing sentiment on Wall Street is that controlled inflation is viewed positively [8][16]

韩国数据和统计部的数据显示，作为衡量通胀的关键指标，2025年消费者价格指数（CPI）上涨了 2.1%，略高于韩国央行设定的2%的通胀目标。 这是自2020年的0.5%以来的最低年度通胀率。 在2020年之后，韩国通胀率从2021年的2.5%飙升至2022年的5.1%，然后在2023年和2024年分别放缓至 3.6%和2.3%。 数据显示，韩国12月份CPI同比上涨2.3%，连续第四个月超过韩国央行的目标，主要是由于韩元疲软导 致进口价格上涨。 韩国数据和统计部将本月的通胀主要归因于石油产品价格的大幅上涨，与去年同期相比上涨了6.1%， 这是自2月份上涨6.3%以来的最大同比涨幅。 韩国政府周三公布的数据显示，在疫情后经历了几十年来最高的价格涨幅之后，韩国的通胀压力在2025 年降至五年来的最低水平。 韩国数据和统计部的数据显示，作为衡量通胀的关键指标，2025年消费者价格指数（CPI）上涨了 2.1%，略高于韩国央行设定的2%的通胀目标。 这是自2020年的0.5%以来的最低年度通胀率。 在2020年之后，韩国通胀率从2021年的2.5%飙升至2022年的5.1%，然后在2023年和2024年分别放缓至 3 ...

南非独立传媒网站12月18日报道， 南非统计局（Stats SA）最新数据显示,2025年11月南非消费者价 格指数（CPI）同比上涨3.5%，较10月的3.6%小幅回落，显示通胀水平持续降温。 数据显示，商品通胀已降至2.9%，而服务通胀略升至4.1%，住房及公用事业以及食品和非酒精饮 料仍是主要推升因素。南非经济研究局（BER）指出，燃油价格稳定对抑制通胀发挥了重要作用，但 水、电等公共事业收费及服务价格仍对通胀构成上行压力。 经济学家预计，若兰特持续走强、国际油价维持低位，通胀有望继续回落。市场预计，南央行下次 会议降息的概率约为50%，并普遍预期2026年将出现多次降息，预计2026年南CPI将大概率维持在3%至 4%区间。 （原标题：2025年11月南非CPI同比增长3.5%） ...

Core Viewpoint - U.S. Treasury Secretary Bessent supports re-evaluating the Federal Reserve's inflation target of 2% once inflation steadily declines to this level, suggesting a potential range adjustment to 1.5%-2.5% or 1%-3% [1][3][4] Group 1 - Bessent acknowledges the public's concern over living costs, attributing the high prices to the Biden administration [1][7] - He emphasizes that discussions about adjusting the inflation target should only occur after achieving and maintaining the 2% target, as changing the target prematurely could imply a tendency to "loosen" the target whenever inflation exceeds a certain level [4][6] - The latest Consumer Price Index (CPI) data shows a year-on-year increase of 2.7% for November, while the Personal Consumption Expenditures (PCE) index rose by 2.8% over the past 12 months [4][6] Group 2 - Bessent highlights the pressure faced by American households regarding affordability, a sentiment reflected in the recent election outcomes [6][7] - He notes that while some prices, including energy, have risen, there are observable trends indicating a decline in prices, particularly in rent, which had previously surged due to increased illegal immigration [7]

Core Viewpoint - The U.S. Treasury Secretary, Becerra, indicated that discussions about adjusting the Federal Reserve's 2% inflation target could occur once inflation is consistently brought back to that level, suggesting a potential range of 1.5% to 2.5% or 1% to 3% as more reasonable targets [2][3] Group 1 - Becerra emphasized the importance of maintaining policy credibility before re-anchoring inflation expectations, acknowledging that American households are under financial pressure [3] - He attributed the current high price levels to the Biden administration and noted that inflation is beginning to decline, partly due to falling rents, which he believes were previously driven up by an increase in illegal immigration [4] - The latest Consumer Price Index (CPI) data showed a year-over-year increase of 2.7% for November, while the Personal Consumption Expenditures (PCE) index rose by 2.8% over the past 12 months [2]

今日周一(12月22日)亚盘时段，白银期货目前交投于15990一线上方，今日开盘于15374元/千克，截至发 稿，白银期货暂报16205元/千克，上涨6.03%，最高触及16237元/千克，最低下探15340元/千克，目前来 看，白银期货盘内短线偏向看涨走势。 【要闻速递】 威廉姆斯还表示，美国经济目前处于"良好状态"，并暗示他"最终会看到"利率下降。但他强调，他并不 急于调整货币政策。 另外美国总统特朗普：美国失业率攀升至4.5%的唯一原因是我们正在以史无前例的规模精简政府雇 员。所有新增就业岗位均来自私营部门！我只需在联邦政府增聘人员，就能一夜之间将失业率降至 2%，即便这些职位并非必需。但愿那些假新闻能准确报道4.5%这个数字。 【最新白银期货行情解析】 沪银维持偏强走势，形成单边走势，短期确认上涨趋势，目前价格涨超6%，布林带向上开口，显现积 极信号，沪银主力合约支撑关注15300元/千克附近，上方阻力看向16500元/千克附近。 美联储威廉姆斯上周五表示，某些"技术因素"可能扭曲了11月份的消费者价格指数(CPI)数据，导致该 数据低于实际水平。 威廉姆斯表示："有一些特殊的实际因素，与他们无法在1 ...

（原标题：美联储鹰派暗示不会降息 哈马克力主维持高利率更长时间） 【导读】美联储鹰派暗示不会降息，哈马克力主维持高利率更长时间 12月21日晚间，克利夫兰联储主席贝丝·哈马克表示，在美联储最近连续三次会议降息之后，她认为未 来几个月没有必要调整利率。 美国劳工统计局（BLS）报告显示，11月消费者价格指数（CPI）同比上涨2.7%。但哈马克表示，如果 对数据测量困难进行调整，通胀"更接近"市场普遍预期的2.9%或3.0%。 她说："能重新拿到BLS的官方数据当然很好，但我仍会对它保持一定的保留态度。" 哈马克之所以担心降息，核心在于她认为所谓的"中性利率"（既不刺激也不抑制经济的利率水平）可能 比市场普遍认为的更高，同时美国经济已具备在明年实现稳健增长的条件。中性利率无法被直接观测， 只能通过经济运行状况进行推断。 她说："在我看来，我们现在可能已经略低于"她所估计的中性利率水平，这意味着美联储当前的政策总 体上可能在提供一定刺激。 哈马克还暗示，美联储没有必要调整当前的基准利率（目前区间为3.5%至3.75%），至少要等到春季。 她表示，届时美联储将能更好判断：近期商品价格通胀是否会随着关税影响在供应链中逐 ...

当然，哈塞特和特朗普的观点在当下并不被大多数美联储官员和经济学家接纳。许多美联储官员仍在担 心美国物价压力仍过高，甚至有些官员反对进一步降息，因为持续存在的高物价压力以及对特朗普关税 政策可能推高物价的担忧仍未消除。 特朗普显然并不受这些反对声音的影响，反而一再声称美国的通货膨胀已不再是令人担忧的问题，并且 一直在极力推动降息。上周三，他还在公开讲话中吹嘘称："我正在降低那些高昂的物价，而且速度很 快。" 12月21日，美东时间周五（12月19日），白宫经济顾问凯文·哈塞特公开表示，美国总统特朗普称美国 通胀水平较低的观点是正确的，尽管数据、公众舆论以及大多数经济学家都对此观点持不同看法。 美联储现任主席鲍威尔的任期即将于明年5月结束，而哈塞特就是目前最有望成为下届美联储主席的热 门人选之一。在特朗普可能即将公布他对下任美联储主席的提名人选之际，哈塞特的表态可能将着重表 明，他与特朗普在货币政策问题上持相同的宽松立场。 美国通胀实际已低于美联储目标？ 就在上周四，美国政府报告称，美国11月消费者价格指数（CPI）较上年同期上涨2.7%，尽管这一数字 低于9月份报告的3%，也低于市场预期，但也仍然高于美联储2% ...