Thursday, August 24, 2023

Global Economic Monitor 230825

(Introduction)

[Markets]
※   World stocks retreat as profit-taking sets in
※   Treasury yields edge back up
※   Government bond yields ease
※   Turkish lira leaps after 750 bp rate hike


[Indicators]
•   US Weekly Mortgage rates(Freddie Mac): Mortgage Rates Hit 7.23%, Highest Since 2001
•   Indonesia Benchmark rate: Bank Indonesia Maintains Benchmark Rate as Expected


[World]
※   Preliminary findings indicate it wasn’t surface-to-air missile that took down Wagner leader’s plane
※   Rates are in ‘restrictive stance,’ Philadelphia Fed chief says
※   Collins says Fed may need more rate hikes; near hold level


[Korea]
•   부동산원: 지방 집값도 바닥 찍었다


[Opinions]
•   Project Syndicate(Stephen S. Roach): China’s Policy Paralysis
•   WSJ(Editorial Board): Putin, Prigozhin and Western Illusions
•   WSJ(Editorial Board): Trump Courts a Global Trade War
•   WSJ(Joseph C. Sternberg): The Fed’s Pro-Inflation Critics Are Off Target
•   WSJ(Mickey D. Levy): China Pays for Economic Mismanagement
•   Bloomberg(Karishma Vaswani): Why Talking Tough on China Means a More Dangerous World
•   파이낸셜뉴스(이재연): 포용금융을 지원하는 휴면예금
•   아시아경제(박소연): 가뭄의 단비 PEF, 감당할 수 있습니까

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