Krungthai XSpring

Krungthai XSpring is a full service broker. The company provides a wide range of investment services such as Securities Brokerage, Derivative Agent Business, Securities Borrowing and Lending, Securities Trading, Underwriting, Financial Advisory, Wealth Advisory, Private Fund Management and International Markets Securities Trading. 

In terms of credibility, Fitch Ratings has assigned Krunghtai XSpring a long-term rating of AA- and a national short-term rating of F1+ with stable outlook.

A full service Thai brokerage

Head of Research, Krungthai XSpring

Waraporn Wiboonkanarak

Head of Research

Macroeconomics

United states & Thailand / Macroeconomics

<ul><li>The significance of the impending FOMC meeting on December 14, 2023, lies in the Fed's perspective on interest rate adjustments.</li><li>KTX forecasts a GDP growth rate of +2.6% YoY in 2023E, surpassing the Fed's estimate of +2.1% YoY.</li><li>Consequently, we caution against prematurely concluding that the Fed's interest rate upcycle has come to an end, expecting it to maintain the 2024E dot plot at 5.1%, compared to the FedWatch Tool's anticipation of 4.25%.</li></ul>

The significance of the impending FOMC meeting on December 14, 2023, lies in the Fed's perspective on interest rate adjustments.KTX forecasts a GDP growth rate of +2.6% YoY in 2023E, surpassing the Fed's estimate of +2.1% YoY.Consequently, we caution against prematurely concluding that the Fed's interest rate upcycle has come to an end, expecting it to maintain the 2024E dot plot at 5.1%, compared to the FedWatch Tool's anticipation of 4.25%.

Keep a Close Watch on the Fed's Economic Projections