1. Macro important news and events:
US Federal Reserve (FED) policymakers said at last month’s meeting that the “very tight” job market and high inflation may require the fed to raise interest rates earlier than expected and begin to reduce the overall asset holdings as the second brake pad of the economy. After the minutes were released, the possibility of interest rate rise in March digested by federal funds rate futures was 80%.
The ADP national employment report shows that, following the increase of 505000 in November, private jobs soared by 807000 in December, the highest in seven months. The growth of private sector jobs in the United States in December exceeded expectations, showing the potential strength of the labor market, but the surge in the number of new infections may slow down the growth momentum in the coming months.
Chinese Premier Li Keqiang presided over a symposium on tax reduction and fee reduction, saying that greater efforts should be made to implement combined tax reduction and fee reduction according to the needs of market subjects to ensure a stable start of the economy in the first quarter and stabilize the macro-economic market; We should continue the expired tax reduction and fee reduction measures and provide precise assistance to difficult industries such as the service industry seriously affected by the epidemic.
