■ US consumer price index in August, 8.3% higher than expected… 3 Consecutive Giant Step Weights
Inflation in the United States appears to be worse than expected. As a result of the fact that inflation did not fall significantly despite the fall in oil prices, it is observed that the possibility of the US central bank, the Federal Reserve (Fed) taking three consecutive ‘giant steps’ (0.75 percentage points increase in interest rates at a time) has increased. do. The U.S. Department of Labor announced on the 13th (local time) that the consumer price index (CPI) rose 8.3% in August from the same month a year earlier. As a result, the CPI growth rate from the same month of the previous year has slowed for two consecutive months following falling from 9.1% in June to 8.5% in July. However, the increase last month was significantly higher than the 8.0% forecast by Dow Jones analysts.
See full text: https://www.yna.co.kr/view/AKR20220913155152072
[AFP/게티이미지=연합뉴스]
■ New York stock market plunged the most in two years on fear of inflation… Nasdaq 5.2%↓
New York stocks plunged amid fears that US inflation would last longer than expected. This is the result of a sharp cooling in investor sentiment as it is certain that the US central bank, the Federal Reserve, will continue its more hawkish monetary policy than market expectations. On the 13th (local time), the Dow Jones Industrial Average of the New York Stock Exchange closed at 31,104.97, down 1,276.37 points (3.94%) from the previous day. The Standard & Poor’s (S&P) 500 index tumbled 177.72 points (4.32%) to 3,932.69, and the tech-focused Nasdaq Index closed at 11,633.57, down 632.84 points (5.16%), respectively.
See full text: https://www.yna.co.kr/view/AKR20220914005451072
■ “US interest rate hike, from at least 0.75%P”… Up to 1%P observation on continued inflation
The announcement that the US inflation is more severe than expected is shattering expectations that the US Federal Reserve (Fed) may slow the pace of rate hikes. Now, the market is arguing that the Fed will consider a rate hike in September starting at at least 0.75 percentage points. Some even speculate that it might raise 1 percentage point all at once. The consumer price index (CPI) for August, announced by the US Department of Labor on the 13th (local time), rose 8.3% from the same month of the previous year, beating the analyst’s estimate of 8.0%. Still, it was the worst result following Chairman Jerome Powell’s speech at the Jackson Hole Symposium at the end of last month, followed by hawkish remarks from high-ranking Fed officials (preferring monetary tightening), so it was the third consecutive giant step (0.75 percentage point hike in interest rates at a time). The prevailing view is that it is deterministic.
See full text: https://www.yna.co.kr/view/AKR20220914005000072
■ The Queen of England arrives at Buckingham Palace… “Condolences to the public at Westminster Hall from tomorrow”
The coffin of the late British Queen Elizabeth II arrived at Buckingham Palace in London on the 13th (local time). The day before, she was enshrined in St Giles Cathedral in Edinburgh, Scotland, and the Queen’s coffin, which was open to the public, landed at London’s North Salt County Airport around 7 pm on a RAF flight from Edinburgh Airport. Afterwards, the queen’s coffin was transported to Buckingham Palace, where she was inspected by the Royal Guard Honor Guard and enshrined in the Bow Room inside Buckingham Palace while the royal family, including the new King Charles III and his wife, Queen Camilla, watched. The Queen’s coffin will be placed in London’s Westminster Hall for four days from 5pm on the 14th and will be open to the public until 6:30am on the 19th. On the 19th, which is designated as a public holiday, the Queen’s coat of arms will be observed at Westminster Abbey.
See full text: https://www.yna.co.kr/view/AKR20220913147251082
■ Power of the People Let’s Amend the Party Constitution… Court today interrogates injunctive
A court hearing will be held on the 14th to determine whether there were any procedural flaws in the constitutional revision process of the People’s Power. The Civil Division 51 of the Seoul Southern District Court (Chief Judge Hwang Jung-soo) will interrogate the case of an application for injunction filed by Lee Jun-seok, former representative of the People’s Power, to suspend the effect of the revised party constitution at 11 a.m. on the same day. The People’s Power held a national committee on the 5th to amend the constitution of the party when the court last month citing former Chairman Lee’s application for injunction partially and suspending the duties of then chairman of the emergency response committee, Joo Ho-young, stating that ‘the party’s emergency situation should be strictly interpreted’. Revised.
See full text: https://www.yna.co.kr/view/AKR20220913125200004
■ US Department of Defense “The US has a proven North Korean nuclear deterrent… Close cooperation with the alliance”
The U.S. Department of Defense announced on the 13th (local time) that it will work closely with its allies to secure nuclear deterrence in relation to North Korea’s recent adoption of a law enabling a nuclear preemptive strike. When asked if the United States and South Korea were ready to respond to a North Korean preemptive nuclear strike, Pentagon spokeswoman Patrick Ryder said: “We have proven policies and procedures on nuclear deterrence, which include working very closely with the international alliance. will be,” he said. He said that he saw the report and said, “What North Korea has done in the past is an extension of the comments that are not helpful and destabilize[the region].”
See full text: https://www.yna.co.kr/view/AKR20220914002900071
■ “High-income business owners missed half of their income over the past 5 years… total 5.4 trillion won”
Over the past five years, it has been found that high-income business owners have omitted regarding half of their total income, or 5.4 trillion won, when reporting their income to the tax authorities. According to data from the 2017-2021 tax audit for high-income businesses received from the National Tax Service by Rep. Kang Jun-hyeon of the National Assembly Planning and Finance Committee on the 14th, the National Tax Service collected a total of 5,366.9 billion won in income from the tax audit during this period. Extracted income refers to income discovered through tax audits. During the same period, the income reported by high-income business owners to the National Tax Service was 5,843.2 billion won.
See full text: https://www.yna.co.kr/view/AKR20220913145100002
■ I ate and bought a laptop with research funds… Seoul National University’s letter of appreciation revealed
During the regular general audit of Seoul National University conducted by the Ministry of Education from September to October last year, a number of fraudulent facts were discovered. There have also been cases of police complaints and commissioned investigations. According to public data released by the Ministry of Education and Seoul National University on the 14th, the Ministry of Education finally demanded 272 warnings, 453 warnings, 4 light disciplinary actions, and 1 severe disciplinary action once morest teachers at this school in August. The Ministry of Education filed a police complaint once morest the two cases in which the research director used the student researcher’s labor costs unfairly, purchased a personal laptop as research funds, and contracted with a company without a construction license and implemented the construction. In addition, cases in which regarding 250 million won was recovered along with a request for severe disciplinary action for collectively managing the labor costs of student researchers or falsely purchasing research project materials There were cases of writing in the book, and cases of taking out books without permission.
See full text: https://www.yna.co.kr/view/AKR20220913088500004
■ ‘Shooting Zero’ Heung-Min Son, 8 game goal silence… Team loses first of the season
The silence of Son Heung-min (30), the top scorer in the English Premier League (EPL) last season, continued for the 8th official match since the start of the 2022-2023 season. Tottenham Hotspur suffered their first defeat of the season following being caught by Sporting Lisbon (Portugal). Heung-Min Son started in the away match of the 2022-2023 UEFA Champions League Group D 2nd match once morest Sporting held at Jose Alvalad Stadium in Lisbon, Portugal on the 14th (Korea time), and the second half 27 He played until he was substituted for Boone Dejan Kulusevsky. Heung-min Son, who scored 24 goals in an official match, including scoring 23 goals in the EPL last season and being joint top scorer with Muhammad Salah (Liverpool), did not even come up with a goal scorer this season. According to WhoScore.com, a soccer statistics site, Son Heung-min was substituted without scoring a single shot on that day.
See full text: https://www.yna.co.kr/view/AKR20220914011400007
■ Mostly cloudy nationwide and light rain everywhere… Daytime maximum 24-31 degrees
On Wednesday, the 14th, it will be mostly cloudy throughout the country and there will be some rain. From this day to the 16th, it will rain 10-40mm on Jeju Island. It is predicted that 5 to 20 mm of rain will fall on the west coast of North Chungcheong Province, and regarding 5 mm of rain in Incheon, Gyeonggi west coast, Gangwon Yeongdong, North Chungcheong Province, and the east coast of Gyeongsangbuk-do. In Seoul and western Gyeonggi inland, eastern Gyeonggi and Gangwon inland, there may be places where there is a slight rain or raindrops of regarding 1 mm. The highest daytime temperature was predicted to be 24-31 degrees.
See full text: https://www.yna.co.kr/view/AKR20220914005700034
■ Inspired by Ukraine’s counterattack, the US “provides additional military support within a few days”
The White House said in a statement that Ukraine, in its recent counterattack, has gained an advantage by expelling Russian troops from some areas and plans to provide additional weapons systems in the near future. “We will see additional security assistance packages in the coming days,” said John Kirby, the White House’s National Security Council Strategic Communications Coordinator, at a briefing on the 13th (local time). He assessed that Ukraine’s counterattacks in the north and the south simultaneously turned the tide in favor in the north, where Kharkiv, which was recently restored, is located.
See full text: https://www.yna.co.kr/view/AKR20220914005900071
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