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On December 22, local time, Ukrainian President Volodymyr Zelenskyy revealed via social media that the Ukrainian team was in Florida, USA, reviewing clauses of documents related to ending the Russia-Ukraine conflict, security guarantees in Ukraine, and post-war reconstruction, and discussing the timeframe for the implementation of the resolutions. Zelenskyy stated that the consultations had made constructive progress, and the relevant outcomes were of great significance to the peace process and the long-term stability of Ukraine. He looked forward to briefings from Ukrainian officials on the details of the talks.On December 22, local time, U.S. Presidential Special Envoy Witkov stated that over the past three days, the Ukrainian delegation held a series of productive and constructive meetings with U.S. and European partners in Florida, with separate constructive meetings also held between the U.S. and Ukraine. Witkov also noted that the talks with the Ukrainian delegation focused particularly on the timeline for discussions and the sequence of follow-up steps.December 21 – According to sources, another oil tanker has been seized by the United States in waters near Venezuela as President Trump intensifies his oil blockade against the government of Venezuelan President Maduro. The seized tanker, the "Bella 1," is a Panamanian-flagged vessel under U.S. sanctions and was en route to Venezuela to load cargo. This interception follows the seizure of the "Century" supertanker early Saturday morning and the seizure of the "Skipper" tanker on December 10. The White House did not immediately respond to a request for comment.On December 21, local time, the Israel Defense Forces (IDF) issued a statement saying that during operations in northern Gaza that day, several suspicious individuals were spotted gathering near the Yellow Line, the ceasefire line. IDF fired warning shots, but three armed men crossed the Yellow Line and approached IDF forces, posing a "direct threat." IDF airstrikes subsequently killed them. The statement also noted that in two other separate incidents in northern Gaza, IDF forces also discovered two armed men crossing the Yellow Line and approaching soldiers. IDF airstrikes subsequently killed them.On December 21, the French presidential palace stated that it would determine the "best way" for French President Macron to hold dialogue with Russian President Putin "in the coming days." The French presidential palace welcomed Russias statement that Putin was willing to engage in dialogue with Macron, and that France believed the aim of such dialogue was to achieve a "stable and lasting peace," and that the content would be "transparent" to Ukraine and Europe.

S&P 500 Retreats From Session Highs As Traders Take Profits Ahead Of Fed

Cory Russell

Dec 14, 2022 14:20

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NASDAQ Composite pulled back towards 11,200.

Investors get ready for the Fed decision

As traders chose to take some profits off the table ahead of the Fed Interest Rate Decision, which will be issued tomorrow, the S&P 500 encountered resistance near 4100 and pulled back towards 4015. The very tech-focused NASDAQ Composite has likewise retreated from session highs but still recorded solid gains of 0.7%.


Traders today concentrated on the November inflation figures. In November, the inflation rate decreased from 7.7% in October to 7.1%, below the analyst average of 7.3%. Additionally, the Core Inflation Rate has decreased, going from 6.3% to 6%.


Numbers for inflation were received with unbridled joy. The U.S. dollar tested multi-month lows as Treasury yields decreased and investors' desire for safe-haven assets fell. However, 30 minutes after the opening bell, profit-taking pressured markets.


According to the FedWatch Tool, there is a 79.4% chance that the Fed will raise rates by 50 basis points at its meeting tomorrow. Traders don't think that the Fed will decide to take a more dovish stance following the publication of inflation statistics.


Since the Fed is likely to fulfill market expectations, traders will pay close attention to Powell's remarks. Bulls are now concerned that Powell may assert, in spite of the most recent statistics, that the Fed needs to increase pressure on inflation. Powell has warned that if the Fed didn't succeed in bringing inflation down in the ensuing months, it might become entrenched.

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