Trump Team Tariffs, Slowdown Instead of Sudden Acceleration [3-Minute Brief]

[At a Glance]
1. Will the Fed reverse rate hikes amid inflation pressures?
2. Top 10 global semiconductor companies cut investments last year
3. This year, the three major internet banks target individual business owners

MARKET INDEX : Year to date

○ US New York Stock Exchange's three major indices closed mixed

○ Last month's PPI recorded +0.2% month-over-month

○ Concerns over inflation reignition have somewhat eased

Top3 NEWS

■ "Increase tariffs by 2~5% monthly" Trump team discusses gradual tariff hikes

○ Trump economic team considers gradual tariff increases
○ Using tariffs as leverage to enhance negotiation power
○ Strategy to avoid inflation rebound caused by this

■ Fed may reverse rate hikes amid inflation pressures

○ Despite concerns of "Trumplation," employment remains strong
○ Fed's expectations for additional rate cuts this year have diminished
○ US 10-year Treasury yield approaches 4.8%

■ Top 10 global semiconductor companies reduced capital expenditures last year

○ Samsung, Intel, and other top 10 semiconductor companies
○ Capital expenditures decreased by 2% compared to the previous year
○ Only companies securing AI demand made investments

Graphic News: M&A market rebounds after 3 years... Polarization likely to deepen amid recovery

○ Large-scale deals worth trillions appear, including SK IT and Homeplus Express

○ Private equity funds continue to seek investments to exhaust undrawn commitments

○ "Due to increased domestic and international uncertainties, recovery will continue with a 'limited rebound'"

the Chart: Top 3 internet banks target 'individual business owners' for growth strategy this year

○ Third quarter individual business owner loan balances up 29.30% year-over-year

○ Targeting corporate loans to sustain growth amid household debt management policies

○ Rising ratio of 'non-performing loans' due to difficulties in soundness management

Term in the News: 'Dunning-Kruger Effect' amid impeachment turmoil

The area near the Presidential Residence in Hannam-dong, Yongsan-gu, Seoul. Photo by Yonhap News

○ Phenomenon where individuals overestimate their abilities and knowledge without expertise

○ Explosive growth in subscribers to political YouTube channels amid impeachment turmoil

○ Greater trust in YouTubers than traditional media... Strengthening confirmation bias and facilitating faction consolidation

Today's Key Schedule

○Domestic

08:00 December Unemployment Rate

08:55 December Trade Balance

15th KOSDAQ Day One Company subscription, expected offering price 22,000~26,700 KRW

15th KOSDAQ WiseNut subscription, offering price 17,000 KRW

15th KOSDAQ Asterasys subscription, offering price 4,600 KRW

○Overseas

05:00 US December Federal Budget Balance

16:00 UK December Consumer Price Index

16:45 France December Consumer Price Index

19:00 Eurozone November Industrial Production

22:30 US December Consumer Price Index

22:30 Canada November Wholesale Sales

◇Lunch & Commute Weather

○ Lowest temperature -6℃(▼7℃)｜Highest temperature: 1℃(▼5℃)
○ Precipitation probability 10% in the morning｜10% in the afternoon
○ Fine dust level Normal in the morning｜Normal in the afternoon

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