Producer Prices Rise for Third Consecutive Month... Will Consumer Prices Increase Again? [3-Minute Brief]

[At a Glance]
① Bank of Korea 'Preliminary Producer Price Index for January 2025'
② January FOMC minutes released
③ Card companies weighing Apple Pay adoption

MARKET INDEX

○ Investment sentiment pressured by Walmart earnings forecast below expectations

○ 'Employment remains solid' despite increase in new unemployment claims

○ 10-year Treasury yields fall following remarks from U.S. Treasury

TOP 3 NEWS

■ Producer prices rise for three consecutive months... Consumer price inflation pressure intensifies

○ Bank of Korea 'Preliminary Producer Price Index for January 2025'
○ Up 0.6% last month following 0.1% in November and 0.4% in December last year
○ Time lag varies by item but "will impact consumer price inflation"

■ FOMC minutes express concern over 'Trump tariff-driven inflation'... "Rate cuts on hold"

○ January FOMC minutes released
○ "Trade and immigration policies hinder disinflation process"
○ Mentioned need for inflation progress before further rate cuts

■ 'Apple Pay universal adoption' countdown... Concerns over prolonged discontinuations and annual fee hikes

○ Card companies weighing Apple Pay adoption
○ Big tech firms considering charging fees
○ Higher annual fees worsen consumer welfare

Graphic News: Fair Trade Commission on the hot seat over 'YouTube Music bundling'... Key issues

○ Google recently submitted a statement to the Fair Trade Commission

○ The commission likely to set review and deliberation schedule after examination

○ 'Free benefits' are marketing tactics... "Price increases follow after gaining market dominance"

the Chart : "Gradual recovery after martial law-induced deterioration" February consumer sentiment improves for two consecutive months

○ Bank of Korea 'February 2025 Consumer Sentiment Survey results'

○ Consumer Sentiment Index 95.2… up 4.0 points from previous month

○ "Need to observe if recovery trend continues"

Today's Key Schedule

○ Domestic

21st KOSDAQ Daejin Advanced Materials subscription, public offering price 9,000 KRW

○ Overseas

00:00 U.S. Leading Index (MoM) (January)

02:00 U.S. Crude Oil Inventories

17:15 France Manufacturing PMI (February)

23:45 U.S. Services PMI (February)

◇ Lunch & Commute Weather

○ Low temperature -7℃(0℃) ｜High temperature: 2℃(0℃)
○ Precipitation probability morning 0%｜afternoon 0%
○ Fine dust morning good｜afternoon good

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