Why the US is unlikely to reduce its rates in 2023?

The PCE price index is declining because of the high base effect from the previous year.  As the PCE price index is still at an elevated high level (double) compared to 2020 and 2021, the US is unlikely to reduce its rates in 2023.

Baltic dry index - 676

 
Related stock: Sembcorp Marine, Cosco & Pan Ocean.

US rig count (weekly) - 771

Related stock: Sembcorp Marine & Cosco.

Mapletree Commercial - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/03/22	Kim Eng	Mapletree Commercial	2	2.35	Buy	DDM
01/03/22	Lim & Tan	Mapletree Commercial	2	0	Accept Offer
01/03/22	UOB Kay Hian	Mapletree Commercial	2	2.48	Buy	DDM
01/06/22	CIMB	Mapletree Commercial	1.84	2.32	Hold
01/06/22	OCBC	Mapletree Commercial	1.84	2.14	Buy
01/12/22	Amfrasers	Mapletree Commercial	1.82	2.24	Buy
01/12/22	Citi Research	Mapletree Commercial	1.82	1.9	Hold
01/27/22	Kim Eng	Mapletree Commercial	1.84	2.24	Buy	DDM
02/18/22	UOB Kay Hian	Mapletree Commercial	1.83	2.48	Buy	DDM
02/23/22	OCBC	Mapletree Commercial	1.85	2.04	Buy
03/17/22	UOB Kay Hian	Mapletree Commercial	1.84	2.48	Buy	DDM
03/22/22	CIMB	Mapletree Commercial	1.9	2.18	Add	DDM
03/23/22	OCBC	Mapletree Commercial	1.87	2.04	Buy
04/05/22	UOB Kay Hian	Mapletree Commercial	1.9	2.48	Buy
04/21/22	Lim & Tan	Mapletree Commercial	1.87	0	Accept Offer
04/22/22	Kim Eng	Mapletree Commercial	1.9	2.35	Buy	DDM
04/25/22	UOB Kay Hian	Mapletree Commercial	1.92	2.52	Buy	DDM
07/07/22	Lim & Tan	Mapletree Commercial	1.81	1.98	Hold
07/07/22	OCBC	Mapletree Commercial	1.81	1.95	Hold
07/07/22	UOB Kay Hian	Mapletree Commercial	1.81	2.36	Buy
07/19/22	UOB Kay Hian	Mapletree Commercial	1.79	2.24	Buy	DDM
08/02/22	CIMB	Mapletree Commercial	1.93	2.18	Add	DDM
08/04/22	OCBC	Mapletree Commercial	1.94	1.9	Hold
08/04/22	Citi Research	Mapletree Commercial	1.94	1.9	Hold
08/10/22	Morningstar	Mapletree Commercial	1.93	1.82	No rating
09/06/22	UOB Kay Hian	Mapletree Commercial	1.85	2.22	Buy	DDM
09/14/22	DBS Vickers	Mapletree Commercial	1.93	2.3	Buy
09/28/22	UOB Kay Hian	Mapletree Commercial	1.76	2.07	Buy
10/03/22	CIMB	Mapletree Commercial	1.92	2.11	Add
10/25/22	Credit Suisse	Mapletree Commercial	1.55	2.05	Buy
10/28/22	DBS Vickers	Mapletree Commercial	1.92	2.3	Buy
10/31/22	DBS Vickers	Mapletree Commercial	1.67	2	Buy
11/01/22	UOB Kay Hian	Mapletree Commercial	1.59	2	Buy	DDM
11/04/22	GS	Mapletree Commercial	1.57	0	Sell
11/28/22	CLSA	Mapletree Commercial	1.7	1.7	Underperform	Cut from $1.80
12/06/22	Kim Eng	Mapletree Commercial	1.68	2.25	Buy
12/15/22	DBS Vickers	Mapletree Commercial	1.69	2	Buy
01/03/23	UOB Kay Hian	Mapletree Commercial	1.67	2	Buy
01/09/23	UOB Kay Hian	Mapletree Commercial	1.69	2.02	Buy
01/10/23	CIMB	Mapletree Commercial	1.7	1.98	Add
01/18/23	DBS Vickers	Mapletree Commercial	1.8	2	Buy