The newly crowned Queen Elizabeth II waves to the crowd from the balcony at Buckingham Palace, 1953.
The Royal family watch a flypast to mark the centenary of the Royal Air Force from the balcony of Buckingham Palace, in 2018.
A young Lilibet, as she was known, with two corgis at 145 Piccadily, her London home in 1936.
Bottom-line: 반격.
Russian troops fled in disarray as Ukrainian forces advanced in the Kharkiv region, with reports of Ukraine re-taking the strategically important town of Izyum and re-occupying more than 3,000 square kilometers (1,158 square miles) of territory. Volodymyr Zelenskiy said Russian shelling knocked out electricity in parts of eastern Ukraine. The last operating unit at the Zaporizhzhia nuclear power plant was safely shut down.
Russian troops fled in disarray as Ukrainian forces advanced in the Kharkiv region, with reports of Ukraine re-taking the strategically important town of Izyum and re-occupying more than 3,000 square kilometers (1,158 square miles) of territory. Volodymyr Zelenskiy said Russian shelling knocked out electricity in parts of eastern Ukraine. The last operating unit at the Zaporizhzhia nuclear power plant was safely shut down.
US stocks rose, extending last week's rally, as a NY Fed report ahead of Tuesday's CPI data buoyed optimism that inflation may be receding.
Bottom-line: 시진핑의 권력 장악이 연장될 것은 예상되지만, 십수년 간 지켜지며 수백명의 강제 퇴출과 다음 세대의 진출을 가능하게 했던 나이 제한을 어떻게 할 것인지 딜레마에 빠질 것으로 보임. 이 나이 제한을 모두에게 해제할 경우 그간 지켜 온 원칙을 어기는 것이 되고, 본인에게만 예외를 둘 경우 경험이 부족한 관료들이 본인은 보필하는 상황에서 대외적 도전에 대응해야 하기 때문임.
Chinese President Xi Jinping is widely expected to defy the Communist Party’s retirement norms by clinching a landmark third term in power next month. The question is whether the 69-year-old will rewrite the rules for others -- or just himself. The requirement that top leaders step down after age 68 has held without exception for two decades, according to a Bloomberg analysis of government data, even though party officials have dismissed the age limit as “folklore.” Hundreds of cadres have been forced to leave the party’s 200-plus member Central Committee in that time, allowing the next generation to take their seats. That presents a dilemma. By scrapping the age limit, Xi would lose a neutral selection criteria that has helped three generations of party leaders oust rivals and promote protégés. Enforcing it for everyone but himself -- a scenario that experts view as more likely -- would leave Xi surrounded by a plethora of younger officials who lack his experience at a time when China faces a range of challenges, including rising tensions with the US over Taiwan, a slowing economy and a spiraling property crisis.
Chinese President Xi Jinping is widely expected to defy the Communist Party’s retirement norms by clinching a landmark third term in power next month. The question is whether the 69-year-old will rewrite the rules for others -- or just himself. The requirement that top leaders step down after age 68 has held without exception for two decades, according to a Bloomberg analysis of government data, even though party officials have dismissed the age limit as “folklore.” Hundreds of cadres have been forced to leave the party’s 200-plus member Central Committee in that time, allowing the next generation to take their seats. That presents a dilemma. By scrapping the age limit, Xi would lose a neutral selection criteria that has helped three generations of party leaders oust rivals and promote protégés. Enforcing it for everyone but himself -- a scenario that experts view as more likely -- would leave Xi surrounded by a plethora of younger officials who lack his experience at a time when China faces a range of challenges, including rising tensions with the US over Taiwan, a slowing economy and a spiraling property crisis.
Bottom-line: 금일 물가지표는 중앙은행이 금리인상 결정을 하기 전 보게 되는 마지막 경제 데이터임.
This release -- the last big dose of economic data before the Federal Reserve convenes to weigh further interest-rate increases.
This release -- the last big dose of economic data before the Federal Reserve convenes to weigh further interest-rate increases.
Here’s a look at longer-run inflation expectations from the application, which are well anchored below 3%.
CPI is the third-most market-moving data for a major miss or beat in expectations, with the 10-year Treasury median move about 6 bps for a one-standard-deviation data beat or miss.
Oooh, another worse-than-expected inflation report. This is not good for the Fed or for Biden.
The yields on the 2-year Treasury have jumped to the highest since 2007 while the 2s10s curve bear flattened as the market anticipates the Fed to move aggressively to contain inflation.
Bottom-line: CPI Cements 75 BPs for Next Week, Ups Terminal Rate to 4.18%.
The August consumer price data beat estimates. Overnight index swaps price in ~79 bps in rate hikes next week. That compares to ~72 bps ahead of the data. The terminal rate is now expected at 4.18%, according to Fed swaps. That’s versus 4% prior to the data.
The August consumer price data beat estimates. Overnight index swaps price in ~79 bps in rate hikes next week. That compares to ~72 bps ahead of the data. The terminal rate is now expected at 4.18%, according to Fed swaps. That’s versus 4% prior to the data.
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