China Urged to Prioritize Economy Over Territorial Ambitions, Says Taiwan’s President Lai 
Asian Markets Mixed as Fed Rate Cut Bets Grow and Japan’s Nikkei Leads Gains 
Oil Prices Slip as Russia-Ukraine Peace Hopes Fade and Oversupply Fears Grow 
Trump and Lula Discuss Trade, Sanctions, and Security in “Productive” Phone Call 
Dollar Slides to Five-Week Low as Asian Stocks Struggle and Markets Bet on Fed Rate Cut 
South Korea Inflation Edges Up in November as Food and Service Costs Climb 
Bitcoin Defies Gravity Above $93K Despite Missing Retail FOMO – ETF Inflows Return & Whales Accumulate: Buy the Dip to $100K 
Asian Currencies Steady as Rupee Hits Record Low Amid Fed Rate Cut Bets 
Japan’s Service Sector Sustains Growth Momentum in November 
RBA Signals Possible Rate Implications as Inflation Proves More Persistent 
U.S. Productivity Growth Widens Lead Over Other Advanced Economies, Says Goldman Sachs 
Recent financial market turmoil and lower price of commodities including energy has made it tough for US central bankers to go ahead with a rate hike in immediate policy meeting scheduled for September 16th/17th.
While survey based inflation expectation has remained stable, market bases measure has dropped to lowest level not seen since August 2010, when financial market was on its recovery from 2008/09 slump.
- Inflation expectations as measured by 5 year- 5 year (5y/5y) forward inflation expectation calculated using swap dropped to 1.87% as of Monday, a level not seen in 5 years.
With global energy and commodity prices at multi decade low, FED doves are going to argue strongly against a rate hike next month as lower inflation provides FED with opportunity to see further improvement in the economy as well as labor market.
Rise in global volatility has pushed investors to the safety of treasuries, which has pushed expectations of inflation down.
Sudden devaluation of Chinese currency by PBoC this month has opened up Pandora's Box of volatility and fear that China will be importing some of its deflation and volatility to the global market.
US benchmark stock index, S&P500 is still struggling to pose sustained comeback after Monday's aggressive selloff, currently trading at 1900.
