US Fed "Next Year Rate Cuts Forecast Reduced from 4 to 2" [3-Minute Brief]

[At a Glance]
① Won-Dollar Exchange Rate Hits 1,450 Won Level for the First Time in 15 Years
② Outdoor Sales Rise Amid Subzero Weather
③ Salted Consumption Becomes Trend Due to High Inflation Impact

MARKET INDEX : Year to date

○ US New York Stock Exchange's three major indices closed mixed near flat
○ Fed's 'hawkish rate cut' decision leads to sharp drop and failure to recover
○ Nationwide real estate transactions in October rose 26% compared to the previous month

Top3 NEWS

■ Markets and exchange rates fluctuate as Powell signals 'hawkishness'... US rate cuts next year likely limited to twice

○ US Federal Reserve cuts rate cut forecasts for next year from 4 to 2 times
○ Inflation concerns influence... indicates a slowdown in rate cut pace
○ Increased uncertainty due to concerns like 'Trumflation'

■ Exchange rate ignores government warnings... surges to 1450 won level, near financial crisis levels

○ Uncertainty in US monetary policy and domestic political instability overlap
○ Won-dollar exchange rate could soar to 1500 won
○ "If volatility expands excessively, stabilization measures will be implemented"

■ HBM thriving but Micron struggling... Samsung forced to revise semiconductor strategy

○ Micron, considered a bellwether for semiconductor industry performance
○ Below-expectation results impact domestic memory industry
○ Samsung Electronics and SK Hynix inevitably to revise business strategies

Graphic News : "77% of troubled business sites to normalize by first half of next year"... detailed measures to prevent recurrence also prepared

○ Detailed plans to improve equity ratio and responsible completion to be prepared by first half through TF
○ New PF handling amount exceeds 15 trillion won for two consecutive quarters in Q2 and Q3... evaluated as "virtuous cycle"
○ Business feasibility evaluation completed for all PF sites... total 10.9% rated C or D

the Chart : Padding sales 'booming' amid subzero cold... fashion industry with a bitter smile

○ Outdoor sales up 30% this month due to subzero temperatures
○ Season-off discount sales from December... profits down
○ "Cannot stockpile inventory, selling even at reduced margins"

Terms in the News : Era of 3 highs (high inflation, high interest rates, high exchange rates), 'stingy consumption' despite salary increases

○ Burden on shopping baskets due to high inflation, high interest rates, and high exchange rates
○ Income up, spending down, household surplus at highest in Q3
○ High inflation and heatwave effects expected to continue next year

Today's Key Schedule

○Domestic

06:00 November Producer Price Index

20th KOSDAQ Dukem Bio listing, public offering price 8,000 won

20th KOSDAQ Kiwoom No.10 SPAC listing, public offering price 2,000 won

Chungnam Asan Tangjeong Xi First City (1BL)

○Overseas

00:00 US November Existing Home Sales

06:30 US Fed Balance Sheet

08:30 Japan November Core Consumer Price Index

10:15 China December People's Bank of China Loan Prime Rate

16:00 UK November Retail Sales

16:00 Germany November Producer Price Index

22:30 US November Core Personal Consumption Expenditure Price Index

22:30 Canada October Retail Sales

◇ Lunch & Commute Weather

○ Lowest temperature -2℃(▲3℃) ｜ Highest temperature: 5℃(0℃)
○ Precipitation probability morning 30%｜afternoon 60%
○ Fine dust morning moderate｜afternoon moderate

OK in 3 minutes, essential time-efficient economic news. Published daily at 8 AM.