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>On a YoY basis, the US CPI is expected to slacken to +5.2% (vs. +6.0% YoY in February) owing to the high base.</li><li>The weakness of US employment data has become more apparent after the manufacturing PMI in March fell for the fifth consecutive month.</li><li>KTX expects the Fed to maintain the fed funds rate in its upcoming meeting in May and possibly reduce it to 4.25% as of the end of 2023E(vs. Fed Watch Tool at 4.5%).</li></ul>

On a YoY basis, the US CPI is expected to slacken to +5.2% (vs. +6.0% YoY in February) owing to the high base.The weakness of US employment data has become more apparent after the manufacturing PMI in March fell for the fifth consecutive month.KTX expects the Fed to maintain the fed funds rate in its upcoming meeting in May and possibly reduce it to 4.25% as of the end of 2023E(vs. Fed Watch Tool at 4.5%).

US CPI Likely to Slow Down, Increasing the Probability of the Fed Maintaining the Fed Funds Rate