The Baltic dry bulk freight index continued its decline, dragged down by the decline of all ship sectors. The Baltic dry bulk freight index continued its decline on Wednesday, hitting a 15-month low, dragged down by the decline of all ship types. The Baltic dry bulk freight index fell 50 points to 1106 points, the lowest level since September 2023. The freight index of capes dropped by 126 points to 1,377 points, also hitting the lowest level since September 2023. The average daily profit of Cape ships decreased by 1043 dollars to 11421 dollars. Panama shipping freight index fell 24 points to 1053 points. The average daily profit of Panamax decreased by 213 dollars to 9,478 dollars. The freight index of super-handy ships fell by 5 points to 962 points, the lowest level since August 2023.The further rebound of CPI in the United States is in line with market expectations. The annual rate of CPI in the United States in November was 2.7%, which was expected to be 2.7% and the previous value was 2.60%. After seasonal adjustment, the monthly CPI rate is 0.3%, expected 0.3%, and the previous value is 0.20%. The annual rate of core CPI in the United States in November was not seasonally adjusted to 3.3%, which was expected to be 3.3% and the previous value was 3.30%. After seasonal adjustment, the monthly rate of core CPI is 0.3%, the expected rate is 0.30%, and the previous value is 0.30%.The further rebound of CPI in the United States is in line with market expectations. The annual rate of CPI in the United States in November was 2.7%, which was expected to be 2.7% and the previous value was 2.60%. After seasonal adjustment, the monthly CPI rate is 0.3%, expected 0.3%, and the previous value is 0.20%. The annual rate of core CPI in the United States in November was not seasonally adjusted to 3.3%, which was expected to be 3.3% and the previous value was 3.30%. After seasonal adjustment, the monthly rate of core CPI is 0.3%, the expected rate is 0.30%, and the previous value is 0.30%.
Apple introduced Siri with ChatGPT, and on Wednesday, Apple released software updates for iPhone, iPad and Mac, including Siri with ChatGPT. This is also a major victory for OpenAI, because it shows its most important products to millions of iPhone users.Traders increased their bets on the Fed's interest rate cut. After the CPI report was released, swap traders increased their bets on the Fed's interest rate cut before the end of 2025. They now predict that by that time, they will cut interest rates by 87 basis points, which means that the Federal Reserve will cut interest rates by 25 basis points next week. In 2025, there will be another two interest rate cuts of 25 basis points each time, which is less than the four times proposed by Fed officials in the latest quarterly bitmap in September.Apple introduced Siri with ChatGPT, and on Wednesday, Apple released software updates for iPhone, iPad and Mac, including Siri with ChatGPT. This is also a major victory for OpenAI, because it shows its most important products to millions of iPhone users.
Analyst Anna: It is expected that the CPI report in November will show the core inflation rate of 0.3% for the fourth consecutive month. This is consistent with the annual inflation increase of more than 3%, which is higher than the Fed's target of 2%. Since the middle of the year, the anti-inflation process of core CPI seems to have stagnated. There is no doubt that this will be a topic to be discussed at the FOMC meeting in December.German Chancellor Scholz: Decisions need to be made before the end of the year, such as improving children's welfare. It is necessary to solve the financial drag problem before the end of the year.Broadcom US stocks rose 3.6% before the market, while Apple US stocks rose 0.3% before the market. In the news, Apple is cooperating with Broadcom around artificial intelligence (AI) chips.