Economic & Monetary Policy · Themes

2026-09-22

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Updates

The German government has launched the legislative process for a fuel tax cut (Tankrabatt), aimed at lowering gasoline and diesel prices. The specific magnitude, implementation timing, and coverage of the measure are not yet clear in the text. (Die Zeit Politics) [Evidence: 317507]
Germany's Bundestag and Bundesrat plan to deliberate and pass a new round of fuel tax cuts (Tankrabatt) this week, with the policy intended to take effect from October 1. (Die Zeit Politics) [Evidence: 317355]

Key Events

German government advances fuel tax cut to lower oil prices (Die Zeit Politics) [Evidence: 317507]
Germany plans to pass fuel tax cut this week, effective from October (Die Zeit Politics) [Evidence: 317355]

Linkage

Fuel tax cut / gasoline and diesel retail prices fall / refining margins and demand expectations change

German fuel tax cut / gasoline and diesel retail prices fall / energy demand and inflation expectations adjust slightly

Sources

Xinhua Finance / China News Service / Yahoo News - World / RT News / France 24 #2 / Die Zeit Politics / Google News - World / The Hindu / France 24 - France News / Al Jazeera Middle East / The Hindu BusinessLine / The New York Times / ANTARA News Jawa Timur / Press Information Bureau (PIB) - Government of India / France 24 #3

Reference Links

2026-09-21

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Updates

U.S. wireless phone bills rose 5.9% month over month from July to August, the largest single-month increase since the Bureau of Labor Statistics began tracking the category nearly three decades ago, mainly driven by T-Mobile eliminating more than 1,000 old plans and AT&T raising rates on some old plans [evidence:316407]
Analysts estimate that the rise in mobile phone fees contributed about 10 basis points to the 0.3% month-over-month increase in August core CPI, reinforcing expectations of Federal Reserve rate hikes [evidence:316407]

Key Events

U.S. wireless phone bills rose 5.9% month over month from July to August, the largest single-month increase since the Bureau of Labor Statistics began tracking the category nearly three decades ago; analysts estimate it contributed about 10 basis points to the 0.3% month-over-month increase in August core CPI (Source: Yahoo News - World) [evidence:316407]

Watch / Outlook

Watch whether the August jump is confirmed as a one-off factor, and how Fed officials' statements on the subsequent rate hike path pull the dollar and the yield curve.

Linkage

Mobile phone fee increases / higher core CPI / stronger Fed rate hike expectations / repricing of the dollar and interest rates

Sources

China News Service / RT News / Yahoo News - World / Google News - World / The New York Times / El País Internacional / Al Jazeera Middle East / France 24 #3 / Prime Minister of Canada - News / The Hindu / Times of India / France 24 #2

Reference Links

2026-09-20

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Updates

Federal Reserve Chair Kevin Warsh announced a rate hike to fight inflation despite Trump's calls for rate cuts, seen as a surprise move demonstrating central bank independence [Evidence: 315451]
The Federal Reserve raised rates by 25 basis points for the first time since 2023, lifting the target range for the federal funds rate to 3.75%-4%, unanimously approved by the FOMC; U.S. inflation currently stands at 3.4%; Trump demanded on Truth Social that rates be cut, and quickly, and said rates should fall to 1% [Evidence: 315602]
Germany's federal and state governments agreed on fuel price relief, cutting the energy tax on gasoline and diesel by 14 euro cents per liter through the end of 2026, for a total reduction of 17 euro cents per liter including VAT, and plan to introduce a fuel price cap mechanism by January 1, 2027 at the latest [Evidence: 315408]
France's Economy Ministry forecast that France's public debt-to-GDP ratio will reach 119.3% in 2026 and rise to 121.7% in 2027, the highest level since 1995 [Evidence: 315288]
Trajectory (escalation): after a selloff in government bonds in several countries in mid-September and rising U.S. 10-year Treasury yields, France's Economy Ministry forecast that the country's debt/GDP ratio will rise to 121.7% in 2027 [Evidence: 315288]

Key Events

Federal Reserve Chair Kevin Warsh announced a rate hike to fight inflation despite Trump's calls for rate cuts (FAZ Wirtschaft) [Evidence: 315451]
The Federal Reserve raised rates by 25 basis points to 3.75%-4%, the first increase since 2023, unanimously approved by the FOMC, with U.S. inflation at 3.4% (elDiario.es Internacional) [Evidence: 315602]
France's Economy Ministry forecast that France's public debt-to-GDP ratio will rise to 121.7% in 2027, the highest since 1995 (La Libre - International Europe) [Evidence: 315288]

Watch / Outlook

Watch the reaction of the dollar index and the U.S. Treasury yield curve after the rate hike, as well as the impact of euro area fiscal sustainability discussions on OAT spreads and the euro; the outcome of Germany's fuel price cap and talks with the oil industry will also be key.

Linkage

Federal Reserve rate hike + 3.4% inflation / higher dollar and real rates / pressure on risk assets and gold

France's debt / GDP hits a record high / higher European sovereign risk premium / pressure on the euro and euro bonds

Sources

Xinhua Finance / RT News / FAZ Wirtschaft / Scroll.in / NPR Politics / TF1 Info Politique / Yahoo News - World / France 24 #3 / Le Monde International / elDiario.es Internacional / The New York Times / DW (Deutsche Welle) / Stern Politik / Tagesschau / Naftemporiki / PÚBLICO / ZDFheute Politik / German Federal Government News / La Libre - International Europe / Die Zeit Politics

Reference Links

2026-09-19

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Updates

The Bank of Japan conducted a rate check, and the yen rose above the 156 range against the dollar [Evidence:314532]
Markets speculated that the Bank of Japan may have conducted a rate check; the yen strengthened against the dollar, and the report was breaking news with limited specific details [Evidence:314517]
Germany's federal government and the states reached agreement in principle on easing pressure from rising fuel prices, planning to introduce fuel discounts and a fuel price cap, one of which revives an old policy and the other is a new measure [Evidence:314545]
Data from Japan's Ministry of Internal Affairs and Communications showed that core CPI excluding fresh food rose 1.7% year-on-year in August, narrowing from 1.8% in July, while energy prices fell 0.7% year-on-year [Evidence:314387]

Key Events

The Bank of Japan conducted a rate check, pushing the yen above the 156 range against the dollar, a move typically seen as a precursor to official currency intervention (Source: Nikkei Asia) [Evidence:314532]
Japan's August core CPI excluding fresh food rose 1.7% year-on-year, the 60th consecutive month of year-on-year gains, with a 0.7% year-on-year decline in energy prices the main reason for the narrower increase (Source: Xinhua Finance) [Evidence:314387]
German Federal Finance Minister Klingbeil called for a windfall tax on oil companies during the EU finance ministers' meeting in Dublin, but Brussels showed little interest (Source: Tagesschau) [Evidence:314576]

Watch / Outlook

Watch whether the Bank of Japan moves from a rate check to actual market intervention and the battle around the 156 range for the dollar-yen; the EU finance ministers' final stance on the windfall tax and the fiscal cost of Germany's fuel relief.

Linkage

BOJ rate check / yen appreciation / carry trade unwinding / pressure on risk assets

EU windfall tax and fuel price cap discussions / oil company profit expectations / energy stocks and refining investment

Sources

Xinhua Finance / Google News - World / Yahoo News - World / Tagesschau / n-tv Politik / Nikkei Asia / Kyodo News English / El Mundo - International News / The New Indian Express / Ukrinform / Al Jazeera Middle East / ORF.at News / Le Parisien Politics / Le Monde International / ECB Press Releases

Reference Links

2026-09-18

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Updates

The French government, through Lecornu, unveiled a historic 54 billion euro spending-cut budget, with statements saying the goal is to avoid unexpected shocks to financial markets; the areas for cuts and the legislative timetable are still lacking. {Evidence: 313754}
At the close of New York foreign exchange trading on September 17, the dollar index fell sharply to 100.248; the euro rose to 1.1475 dollars, the pound fell to 1.3353 dollars, and the dollar rose to 156.04 yen (Source: Xinhua Finance). {Evidence: 313769}
Trajectory (turning point): After the Federal Reserve announced on September 16 its first rate hike in more than three years, raising rates by 25 basis points, Trump immediately commented on interest rate policy, and the tension between policy independence and political pressure resurfaced. {Evidence: 313792}

Key Events

U.S. President Trump commented on interest rate policy, once again raising concerns about Federal Reserve independence; the report mentioned that Trump and Fed Chair Kevin Warsh met at the White House on May 22. {Evidence: 313792}
Data from U.S. housing finance agency Freddie Mac on September 17 showed that the average rate on the U.S. 30-year fixed mortgage rose to 6.95%, the highest since January 30, 2025, and a 19-month high (Source: China News Service). {Evidence: 313823}

Watch / Outlook

Watch the Fed officials' response to political commentary, whether the dollar index can hold the 100 mark, and the legislative progress of the French budget's spending-cut scale.

Linkage

Political interference in the Fed / rising policy uncertainty / dollar and real interest rate volatility

Mortgage rate rises to 6.95% / U.S. housing demand weakens / interest rate expectations tighten

Sources

China News Service / Xinhua Finance / Yahoo News - World / Al Jazeera Middle East / The New Indian Express / RT News / The New York Times / IRIS - Institut de relations internationales et stratégiques / Google News - World / Le Parisien Politics / n-tv Politik / POLITICO Europe / Anadolu Agency Politics / Ukrinform

Reference Links

2026-09-17

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Updates

Trajectory (escalation): Before the meeting, on September 15, media had already previewed that the Federal Reserve would ignore Trump's pressure and raise rates; the 10-year U.S. Treasury yield had earlier risen to its highest since 2007, and on September 16 the hike was formally implemented with guidance for further tightening. [Evidence:312736]
The Federal Reserve unanimously decided to raise rates by 25 basis points to 3.75%-4%, the first hike since July 2023; the dot plot showed another possible hike this year, and the 2026 headline inflation forecast was raised to 3.7% and core to 3.4% (Yahoo News, POLITICO). [Evidence:312736]
Chair Warsh said inflation was "too high and persistent for too long," emphasizing the price stability mandate [Evidence:312709]; Trump argued rates should be cut to 1% or lower and strongly opposed the hike [Evidence:312762] [Evidence:312771].
The rate hike will push up borrowing costs such as credit cards and mortgages, and Wall Street stocks swung sharply that day (The Korea Times). [Evidence:312703] [Evidence:312708]

Key Events

The Federal Reserve raised rates by 25 basis points to 3.75%-4%, the first hike since July 2023 (China News Service). [Evidence:312763]
The statement said inflation remains elevated and that a rate hike would help inflation fall back to the 2% target; the committee approved unanimously and hinted at possible further tightening (Xinhua Finance, POLITICO). [Evidence:312731] [Evidence:312707]
Trump posted on Truth Social that U.S. rates should be cut to 1% or lower (China News Service). [Evidence:312762]

Watch / Outlook

Watch September PCE/CPI and the October FOMC statement; if inflation forecasts are revised up again and a second hike this year is confirmed, dollar and real-rate strength will persist, pressuring gold and highly valued equities.

Linkage

Federal Reserve rate hike / dollar and real rates rise / gold and commodities under pressure

Rate hike / borrowing costs rise / household demand and stock market valuations cool

Sources

China News Service / Xinhua Finance / Yahoo News - World / Kyodo News English / NBC News Politics / The Korea Times / POLITICO Europe / EL PAÍS América / Al Jazeera Middle East / Ukrainian National News (UNN) - Politics / Google News - World / Ukrinform / IRIS - Institut de relations internationales et stratégiques

Reference Links

2026-09-16

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Updates

Trajectory (escalating): U.S. Treasury yields hit a more than two-year high on September 2, broke above 5% on the 14th, and further rose to 5.045% on the 15th, with tightening expectations continuously strengthening [Evidence: 311921]
The U.S. 10-year Treasury yield briefly rose to 5.045% in the early hours of the 15th, the highest since July 2007; the 30-year yield briefly reached 5.402%, the highest since June 2007 [Evidence: 311863]
The Federal Reserve began its two-day policy meeting, with markets expecting the first rate hike in three years of 25 basis points; the CME FedWatch Tool showed a rate hike probability of over 90%; Chair Warsh did not provide signals on the next move [Evidence: 311853] [Evidence: 311863]
Brent crude once again approached $110 per barrel, and the U.S. average diesel price hit a record high of just under $6.27 per gallon; Warsh's stance contradicts Trump's call for rate cuts [Evidence: 311837] [Evidence: 311853]

Key Events

U.S. 10-year Treasury yield briefly rose to 5.045%, the highest since 2007 (Source: China News Service) [Evidence: 311921]
Federal Reserve expected to hike rates by 25 basis points, ignoring Trump's call for rate cuts (Source: The Korea Times) [Evidence: 311853]
Federal Reserve policy meeting addresses high inflation, oil prices jump, U.S. Treasury yields soar (Source: The Korea Times) [Evidence: 311837]

Watch / Outlook

Closely watch the September 16 policy decision and statement wording: if the rate hike lands and the wording is hawkish, rising dollar and short-end rates will further pressure equity and commodity valuations; if a pause is hinted, long-end yields may see a short-term pullback.

Linkage

Federal Reserve rate hike / dollar and real interest rates rise / risk asset valuations under pressure

Oil prices rise / inflation expectations rise / long-end yields elevated / discount rates rise

Sources

Xinhua Finance / China News Service / The Korea Times / El Mundo - International News / Google News - World / BBC News (Top) / RT News / UNRIC France / Al Jazeera Middle East / NBC News Politics / USTR Press Releases / Ukrinform / Los Angeles Times World & Nation / DW (Deutsche Welle)

Reference Links

2026-09-15

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Updates

美国10年期国债收益率14日盘中突破5%，为2023年以来首次。该事件反映美国利率与债券市场波动，未涉及具体商品。〔证据:310934〕
中国央行数据显示，8月末广义货币M2余额356.81万亿元，同比增长7.5%；M1同比增长4.1%，M0同比增长11.2%。前8个月净投放现金7364亿元。〔证据:310878〕
10年期美国国债收益率突破5%，为多年来最高水平，投资者持续无视特朗普政府试图影响债券市场的努力。〔证据:310940〕

Key Events

美国10年期国债收益率突破5% 为2023年以来首次〔证据:310934〕
中国8月末M2余额同比增7.5%〔证据:310878〕
10年期美债收益率突破5%创多年新高〔证据:310940〕

Linkage

美债收益率破5% / 全球贴现率上行 / 风险资产承压

M2增速回升 / 流动性宽松预期 / 工业品需求预期改善

Sources

Xinhua Finance / China News Service / Al Jazeera Middle East / Google News - World / The New York Times / France 24 #3 / RT News / The Hindu / Yahoo News - World / Times of India / ANTARA News Agency / France 24 #2

Reference Links

2026-09-13

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Updates

U.S. inflation held at 3.4% in August, creating uncertainty for the Fed's subsequent monetary policy path. (EL PAÍS América)

Key Events

U.S. August inflation steady at 3.4%, Fed path unclear (EL PAÍS América)

Linkage

U.S. inflation steady / Fed path unclear / volatility in dollar and rate expectations

Sources

China News Service / France 24 #2 / El País Internacional / El Mundo - International News / Le Monde International / ORF.at News / NPR Politics / The New York Times / Die Zeit Politics / derStandard.de / EL PAÍS América / Al Jazeera Middle East / The New Indian Express / Kyodo News English / ECNS Politics News / France 24 #3

Reference Links

2026-09-12

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Updates

US Labor Department data showed August CPI rose 0.4% month-on-month, significantly higher than 0.1% in July, mainly due to a 3.9% month-on-month rise in gasoline prices; the year-on-year increase remained unchanged at 3.4%. Core CPI rose 0.3% month-on-month, above expectations, and the market... (Xinhua Finance)
The US August consumer price index report showed inflation remains elevated, and the market-implied probability of a 25 basis point Fed rate hike at next week's meeting rose to 90%. (The New York Times)
US August consumer inflation data rebounded, with specific increases and component data not yet disclosed. (Yahoo News - World)

Key Events

US August CPI rose 0.4% month-on-month, fuel prices pushed inflation higher (Xinhua Finance)
US August CPI elevated, Fed rate hike pressure intensifies (The New York Times)
US August consumer inflation heats up (Yahoo News - World)

Linkage

US CPI above expectations / Fed rate hike pressure / stronger dollar weighs on commodities

Elevated CPI / rising rate hike expectations / stronger dollar weighs on risk assets

Sources

Xinhua Finance / France 24 #2 / The New York Times / ABC News / Al Jazeera Middle East / BBC News (Business) / Yahoo News - World / RT News / BBC News (Top) / The Hindu / ANTARA News Jawa Timur / UK Foreign, Commonwealth & Development Office / France 24 #3

Reference Links

2026-09-11

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Updates

The European Central Bank announced a rate hike on Thursday aimed at curbing inflationary pressures driven by the ongoing war in the Middle East. (The New York Times)
On September 10, the European Central Bank decided to raise all three key euro area interest rates by 25 basis points, its second hike this year, citing the Middle East conflict's continued upward pressure on energy prices and inflation. The ECB expects inflation at 3% in 2026 and 2.5% in 2027... (Xinhua Finance)

Key Events

ECB raises rates to curb inflation (The New York Times)
ECB's second rate hike of the year by 25 basis points, inflation pressure persists (Xinhua Finance)

Linkage

ECB rate hike / euro strengthens / financing tightens / risk assets under pressure

ECB rate hike / euro strengthens / financing costs rise / energy import inflation and demand under pressure

Sources

Xinhua Finance / China News Service / France 24 #3 / Al Jazeera Middle East / BBC News (Top) / BBC News (Business) / The New York Times / RT News / Deutsche Welle German News / DW Germany News / France 24 #2

Reference Links

2026-09-10

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Updates

The National Bureau of Statistics released August price data: CPI rose 0.8% year-on-year and 0.4% month-on-month, core CPI rose 1.0% year-on-year; PPI rose 3.8% year-on-year and 0.4% month-on-month. The rebound in energy and food prices was the driver of the CPI increase... (Xinhua Finance)

Key Events

August CPI up 0.8% YoY, core CPI up 1.0% (Xinhua Finance)

Linkage

CPI / PPI rebound / inflation expectations / monetary policy and commodity demand

Sources

Xinhua Finance / China News Service / France 24 #2 / Google News - World / Evening Standard Politics / The Hindu BusinessLine / Yahoo News - World / Times of India / NPR Politics / The New York Times / DW (Deutsche Welle) / El País Internacional / BBC News (Top) / Al Jazeera Middle East / France 24 #3

Reference Links

2026-09-08

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Updates

China's central bank reports gold reserves of 76.73 million ounces at end-August, up 650,000 ounces month-on-month, marking the 22nd consecutive month of gold purchases. (China News Service)
The yen rises to a seven-month high against the dollar; markets focus on upcoming US inflation data, with the dollar steady. (Yahoo News - World)
The Reserve Bank of India drains 6 trillion rupees of excess liquidity through two auctions, but the first auction saw tepid response with bids below the notified amount. (The Hindu)

Key Events

PBoC increases gold reserves for 22nd consecutive month to 76.73 million ounces (China News Service)
Yen surges to seven-month high; dollar awaits US inflation data (Yahoo News - World)
RBI drains 6 trillion rupees liquidity via two auctions; market response mixed (The Hindu)

Linkage

Central bank gold purchases / rising safe-haven demand / gold price increase

US inflation data / Fed policy expectations / USD / JPY moves

Sources

China News Service / Al Jazeera Middle East / The Hindu / France 24 #3 / Yahoo News - World / Times of India / ABC News / Valor Econômico Politics / ANTARA News / Google News - World / DW (Deutsche Welle) / Evening Standard Politics / ANTARA News Jawa Timur / Sky News / France 24 #2

Reference Links

2026-09-07

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Updates

10-year government bond yields in the US, Japan, UK, Germany, and other countries have recently hit multi-year highs, reflecting significant selling pressure in global bond markets, with high volatility likely to become the norm. (China News Service)

Key Events

Multiple countries' government bonds face selling wave; high bond market volatility may become the norm (China News Service)

Linkage

Bond selloff / yields up / risk-off

Sources

China News Service / Xinhua Finance / Tagesschau / ANTARA News / Valor Econômico Politics / Google News - World / The Hindu / NPR Politics / Yahoo News - World / BBC News (Top) / Al Jazeera Middle East / The Korea Times / Russian Government News / The New York Times / ABC News / DW German News Service

Reference Links

2026-09-05

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Updates

U.S. August nonfarm payrolls increased by 162,000, exceeding expectations, with the unemployment rate remaining stable, strengthening market expectations for Fed rate hikes. (Al Jazeera Middle East)
Trump threatened the Fed, saying he would pause trade with countries running trade deficits if it does not cut rates, a move that could affect global trade patterns and commodity markets. (Times of India)
U.S. August nonfarm payrolls increased by 162,000, with unemployment holding at 4.1%, indicating economic stability, but high inflation continues to pressure households and markets. (The New York Times)

Key Events

U.S. August added 162,000 jobs, strengthening Fed rate hike expectations (Al Jazeera Middle East)
Trump threatens Fed: Pause trade with deficit countries if no rate cut (Times of India)
Strong U.S. job growth highlights economic resilience (The New York Times)

Sources

Xinhua Finance / China News Service / Al Jazeera Middle East / Times of India / Yahoo News - World / France 24 #3 / Google News - World / The New York Times / BBC News (Business) / DW (Deutsche Welle) / France 24 #2

Reference Links

2026-09-04

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Updates

Fed Governor Waller said he is looking for evidence of sustained easing in inflation, and the possibility of a rate hike is still under discussion. (The New York Times)
The yen rose to a one-month high against the dollar, reaching the 155 level, as market expectations for a possible BOJ rate hike increased. (Nikkei Asia)
US mortgage rates rose to 6.71%, the highest since July 2025, pushing up home-buying costs, intensifying housing market pressure, and adding to consumers' inflation burden. (The New York Times)

Key Events

Fed officials await inflation data, rate hike option still under consideration (The New York Times)
Yen rises to one-month high of 155 per dollar, driven by BOJ rate hike expectations (Nikkei Asia)
US mortgage rates rise to 6.71%, highest since July 2025 (The New York Times)

Linkage

Fed rate hike expectations / USD strengthens / Gold pressured

BOJ hike speculation / JPY appreciation / risk-off in Asia

Sources

Xinhua Finance / Google News - World / France 24 #2 / The New York Times / The Hindu / Al Jazeera Middle East / Yahoo News - World / DW (Deutsche Welle) / RT News / ANTARA News Agency / Global Issues News / Nikkei Asia / France 24 #3

Reference Links

2026-09-03

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Updates

The yen surged against the dollar, briefly touching 158, with ongoing concerns about possible FX intervention by Japanese authorities. (Nikkei Asia)

Key Events

Yen surges to 158, intervention concerns persist (Nikkei Asia)

Linkage

Yen surge / intervention concerns / risk-off sentiment

Sources

China News Service / Xinhua Finance / Google News - World / Al Jazeera Middle East / BBC News (Top) / Times of India / The New York Times / The Hindu / France 24 #2 / Deutsche Welle German News / Nikkei Asia / France 24 #3

Reference Links

2026-08-30

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Updates

Japan's Ministry of Finance data shows total FX intervention from July 30 to August 26 reached 15.3993 trillion yen, a record high, but yen still approaches 160 per dollar. (China News Service)
Fed Chair at Jackson Hole symposium says current inflation situation is concerning and considers current monetary policy not restrictive. (La Tribune)
Fed Chair Warsh at Jackson Hole symposium emphasizes commitment to restore inflation to 2% and announces measures if necessary. (EL PAÍS América)

Key Events

Japan's FX intervention scale hits record high (China News Service)
Fed Chair says US inflation concerning (La Tribune)
Fed Chair Warsh commits to restore inflation to 2% and hints at action if needed (EL PAÍS América)

Linkage

Yen intervention / yen appreciation / risk-off sentiment rises

Fed hawkish stance / USD strength / commodity prices pressured

Sources

China News Service / RT News / Stern Politik / Süddeutsche Zeitung Politik / Poder360 / The New Indian Express / n-tv Politik / Neue Osnabrücker Zeitung - Politik / El Mundo - International News / NBC News Politics / Anadolu Agency Politics / Global News / Le Monde International / Al Jazeera Middle East / La Tribune / Los Angeles Times World & Nation / EL PAÍS América / ORF.at News / Kyodo News English / Times of India

Reference Links

2026-08-29

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Updates

Fed Chair Warsh said at Jackson Hole that US inflation is still too high, the Fed should focus primarily on prices, and noted that the recent overall rise in commodity prices deserves attention. (Xinhua Finance)
Fed Chair Warsh said at Jackson Hole that the fight against inflation is not over, and markets adjusted rate hike expectations accordingly. (China News Service)
Fed Chair Warsh said inflation has not slowed and pledged to achieve the 2% target, leading markets to increase bets on a September rate hike. (The Hindu BusinessLine)

Key Events

Fed Chair Warsh: Inflation too high, policy focuses on prices (Xinhua Finance)
Fed Chair Warsh says inflation fight not over, market rate hike expectations rise (China News Service)
Fed Chair Warsh says inflation not slowing, vows to achieve 2% target (The Hindu BusinessLine)

Linkage

Fed hawkish / USD up / commodities pressured

Fed hawkish stance / rate hike expectations / USD strength & risk-off

Sources

Xinhua Finance / China News Service / Google News - World / The New York Times / The Hindu BusinessLine / Al Jazeera Middle East / Sky News / RT News / ABC News / Nikkei Asia / Ministry of Finance Japan Press Releases / Yahoo News - World

Reference Links

2026-08-27

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Updates

US July personal consumption expenditures price index rose 3.7% year-on-year, core PCE rose 3.3% year-on-year, inflationary pressures persist, and the Fed may raise rates within the year. (Xinhua Finance)
Iranian President Pezeshkian said Iran is facing the most severe situation in the economic war. (ANTARA News)

Key Events

US July inflation pressures persist, core PCE up 3.3% year-on-year (Xinhua Finance)
Iranian president: most severe situation in economic war (ANTARA News)

Linkage

US inflation high / Fed rate hike expectations / USD strengthens, risk assets pressured

Sources

Xinhua Finance / Google News - World / Al Jazeera Middle East / The Hindu / France 24 #3 / C.D. Howe Institute Monetary Policy / ANTARA News Jawa Timur / Yahoo News - World / RT News / ANTARA News / Global Issues News / BBC News (Business) / The New York Times / Times of India / France 24 #2

Reference Links

2026-08-23

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Updates

Finance ministers from six EU countries jointly wrote a letter demanding a windfall tax on oil companies that profited from the Middle East conflict and the closure of the Strait of Hormuz, to ease cost-of-living pressures. This could affect energy industry profits and investment. (RT News)

Key Events

Six EU countries propose windfall tax on oil giants to address energy crisis (RT News)

Linkage

Windfall tax proposal / energy stocks under pressure / oil price volatility

Sources

Index.hu - Külföld / Anadolu Agency Politics / RT News / Al Jazeera Middle East / NBC News Politics / Los Angeles Times World & Nation / Ukrinform / Die Zeit Politics / The Hindu / Der Spiegel International / DW (Deutsche Welle) / n-tv Politik / EL PAÍS América / Sud Ouest / DW German News Service / ORF.at News / France 24 #3 / BBC News (Top) / Times of India / The Hindu BusinessLine

Reference Links

2026-08-22

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Updates

US national debt surpasses $40 trillion, raising ongoing concerns among economists about borrowing levels, leading to higher US borrowing costs. (BBC News (Business))
The US government intervenes urgently in markets to address the debt crisis, but analysts believe this cannot fundamentally solve the debt problem. (China News Service)
The People's Bank of China announces it will issue 30 billion yuan in central bank bills in Hong Kong, with 3-month and 1-year tenors, to adjust offshore yuan liquidity. (China News Service)

Key Events

US debt exceeds $40 trillion, borrowing costs rise (BBC News (Business))
US government emergency rescue unlikely to resolve debt crisis (China News Service)
PBOC to issue 30 billion yuan in central bank bills in Hong Kong (China News Service)

Linkage

US debt surge / higher yields / risk-off

US debt crisis / risk aversion / dollar and gold volatility

Sources

China News Service / Google News - World / RT News / The Hindu BusinessLine / Al Jazeera Middle East / The New York Times / ABC News / Times of India / BBC News (Business) / The Hindu

Reference Links

2026-08-21

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Updates

US national debt surpasses $40 trillion, two years earlier than the Congressional Budget Office projected. The rapid debt growth is partly due to rising interest rates, reflecting market concerns about persistent inflation driven by Middle East conflict and energy prices. (France 24 #3)
India's central bank meeting minutes show a hawkish stance, leading investors to sell Indian bonds, pushing benchmark bond yields higher. (The Hindu)
US Treasury Secretary Scott Bessent is trying various means to lower borrowing costs, indicating a shift to a more active intervention strategy. (The New York Times)

Key Events

US national debt surpasses $40 trillion (France 24 #3)
Indian bonds sold off as RBI minutes turn hawkish (The Hindu)
US Treasury adopts intervention strategy to lower rates (The New York Times)

Linkage

US debt surge / higher rates / risk-off & energy costs

Treasury intervention / lower yields / risk-on

Sources

Xinhua Finance / China News Service / Yahoo News - World / Google News - World / France 24 #3 / The Hindu / Times of India / Al Jazeera Middle East / ANTARA News / BBC News (Top) / BBC News (Business) / The New York Times / France 24 #2

Reference Links

2026-08-20

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Updates

UK inflation rose to a four-month high of 2.9% due to higher energy bills, in line with economists' expectations. Chancellor John Healey said the Iran war continues to affect domestic prices. (BBC News (Top))
US total debt reached $40 trillion, a record high, and is growing faster. (The Hindu)
US total debt surpassed $40 trillion for the first time, doubling during the Trump and Biden administrations, reflecting persistent fiscal deficits. (Yahoo News - World)

Key Events

Energy bill increases push UK inflation to four-month high (BBC News (Top))
US debt surpasses $40 trillion (The Hindu)
US debt surpasses $40 trillion, doubling under Trump and Biden (Yahoo News - World)

Linkage

Energy prices ↑ / UK inflation ↑ / BoE rate expectations ↑

US debt surge / fiscal concerns / safe-haven demand

Sources

Xinhua Finance / China News Service / Google News - World / The New York Times / BBC News (Top) / RT News / Al Jazeera Middle East / France 24 #2 / The Hindu / Yahoo News - World

Reference Links

2026-08-19

Open report

Updates

Long-term government bond yields in major global economies have risen to new highs, driven by higher oil prices, AI-related spending, and inflation expectations. (BBC News (Business))
The US 30-year Treasury yield rose to 5.31%, the highest since June 2007, reflecting rising long-term rate expectations. (China News Service)

Key Events

Global borrowing costs hit new highs due to oil, AI, and inflation (BBC News (Business))
US 30-year Treasury yield hits 19-year high (China News Service)

Linkage

Oil price rise / inflation expectations / bond yields rise

30Y yield↑ / USD↑ / Gold↓

Sources

China News Service / Google News - World / France 24 #2 / Yahoo News - World / RT News / The New York Times / Die Zeit Politics / The Hindu / DW (Deutsche Welle) / BBC News (Business) / Times of India / Deutsche Welle German News / Nikkei Asia / France 24 #3

Reference Links

2026-08-18

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Updates

Canada's annual inflation rate rose to 3% in July, mainly driven by a rebound in gasoline prices. (Yahoo News - World)
The National Bureau of Statistics released data for the first seven months of the national economy, showing overall stable economic performance, with growth in industry, consumption, and imports/exports, but a decline in fixed asset investment. High-tech manufacturing and new energy sectors performed prominently, with new drivers contributing half of industrial growth. (Xinhua Finance)

Key Events

Canada's July inflation accelerated to 3%, gasoline prices rebounded (Yahoo News - World)
First seven months national economy stable overall, new drivers contribute significantly (Xinhua Finance)

Linkage

Gasoline price rebound / inflation acceleration / rate hike expectations rise

Sources

China News Service / Xinhua Finance / Google News - World / Die Zeit Politics / RT News / Der Spiegel International / Al Jazeera Middle East / Le Monde International / The Hindu / Times of India / Yahoo News - World / The New York Times / BBC News (Top) / The New Indian Express / n-tv Politik / C.D. Howe Institute Monetary Policy

Reference Links

2026-08-17

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Updates

Latest data show worker wage growth again failed to keep pace with inflation, driven mainly by surging energy prices, leading to a sharp decline in consumer confidence. (The New York Times)
Germany's CDU in Mecklenburg-Western Pomerania calls for suspending CO2 prices to address rising energy costs. (Die Zeit Politics)

Key Events

Worker wages again lag inflation, energy price shock weighs on consumer confidence (The New York Times)
Germany's CDU in Mecklenburg-Western Pomerania calls for suspending CO2 prices (Die Zeit Politics)

Linkage

Energy price surge / inflation overshoot / central bank tightening expectations

Sources

Al Jazeera Middle East / Google News - World / The New York Times / Yahoo News - World / France 24 #3 / ANTARA News Agency / The Hindu / BBC News (Top) / Die Zeit Politics / POLITICO Europe / ANTARA News Jawa Timur / The Korea Times / France 24 #2

Reference Links

2026-08-15

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Updates

The yen approaches 160 against the dollar, testing Japanese authorities' intervention capacity; markets watch US-Japan policy coordination. (The New York Times)
The National Development and Reform Commission announced a cut in domestic gasoline and diesel prices effective 24:00 on August 14, the fifth cut this year, with gasoline down 230 yuan per ton and diesel down 220 yuan per ton. (China News Service)
The People's Bank of China released July financial statistics, showing social financing stock up 7.4% year-over-year, M2 balance up 7.7%, RMB loans balance up 5.1%, with continued credit structure optimization and loan growth in key sectors outpacing the overall rate. (Xinhua Finance)

Key Events

Yen approaches 160, Japan intervention faces challenges (The New York Times)
Domestic refined oil prices cut for fifth time this year (China News Service)
July financial data released: social financing and M2 growth steady, credit structure optimized (Xinhua Finance)

Linkage

Yen weakness / intervention risk / FX volatility

Domestic refined oil price adjustment / energy cost changes / inflation expectations and consumption impact

Sources

China News Service / Xinhua Finance / DW (Deutsche Welle) / Al Jazeera Middle East / Times of India / Google News - World / RT News / Yahoo News - World / The Hindu / The New York Times / ABC News

Reference Links

2026-08-13

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Updates

US July CPI rose 3.4% year-on-year and 0.1% month-on-month; energy prices fell month-on-month but at a slower pace; core CPI rose 2.5% year-on-year. (Xinhua Finance)
US July CPI rose 3.4% year-on-year, lower than the previous value, reinforcing expectations that the Fed will hold rates steady, but core inflation pressures persist, and the possibility of a rate hike is not entirely ruled out. (The Hindu BusinessLine)
US inflation eased slightly in July, with energy prices falling, but overall price levels remain high, and the Fed is considering a rate hike. (The New York Times)

Key Events

US July CPI up 3.4% year-on-year, turns positive month-on-month (Xinhua Finance)
US July CPI falls to 3.4%, Fed's September rate decision in focus (The Hindu BusinessLine)
July inflation slightly down but prices remain high, Fed considers rate hike (The New York Times)

Linkage

CPI data / Fed policy expectations / dollar and interest rates

CPI cooling / reduced rate hike expectations / weaker dollar, improved risk appetite

Sources

China News Service / Xinhua Finance / Google News - World / DW (Deutsche Welle) / BBC News (Top) / The New York Times / Al Jazeera Middle East / The Hindu BusinessLine / Times of India / RT News / Yahoo News - World / France 24 #3

Reference Links

2026-08-10

Open report

Updates

Weak U.S. employment data leads to delayed expectations of a Fed rate hike, and the dollar index falls. (Yahoo News - World)

Key Events

Dollar weakens as weak U.S. jobs data delays Fed rate hike expectations (Yahoo News - World)

Linkage

Weak jobs data / Fed hike delay / USD down

Sources

China News Service / France 24 #2 / Al Jazeera Middle East / Google News - World / The New York Times / The Hindu / Yahoo News - World / Die Zeit Politics / Times of India / RT News / Der Spiegel International / France 24 #3

Reference Links

2026-08-08

Open report

Updates

Trajectory (shift): Nonfarm payrolls turned from expected growth to contraction, with May-June revised down by 103,000, shifting market trading logic from 'inflation concerns' to 'easing bets'.
U.S. July nonfarm payrolls fell by 23,000, unemployment rate dropped to 4.1%, labor force participation declined (China News Service, Global News, Al Jazeera).
May and June job gains were revised down by a combined 103,000, and 264,000 people left the labor force (Global News).
Trump administration pushes to fire Fed Governor Lisa Cook, raising risks to Fed independence (Sky News, Yahoo News - World).

Key Events

[Global News] U.S. July nonfarm payrolls fall by 23,000, prior months revised down by 103,000
[Sky News] Trump pressures to fire Fed Governor Cook again
[Yahoo News - World] U.S. July nonfarm payrolls unexpectedly fall by 23,000, labor market weakens

Watch / Outlook

Watch Jackson Hole in late August and the September FOMC; if employment continues to deteriorate, markets will price in larger rate cuts; also be alert to the impact of White House-Fed conflict on independence.

Linkage

Weak nonfarm payrolls / rate cut expectations rise / dollar weakens, gold rises

Fed independence threatened / policy uncertainty / interest rate volatility rises

Sources

China News Service / Xinhua Finance / Google News - World / Nikkei Asia / Yahoo News - World / Tagesschau / Global News / El País Internacional / The New Indian Express / BBC News (Business) / Ukrinform / ABC News / The Independent / Sky News / n-tv Politik / Al Jazeera Middle East / Le Monde International

Reference Links

2026-08-07

Open report

Updates

The US and Japan jointly intervened in the foreign exchange market to support the yen, which put depreciation pressure on the euro. (China News Service)

Key Events

US-Japan joint forex intervention puts pressure on euro (China News Service)

Linkage

US-Japan forex intervention / yen strengthens / euro under pressure

Sources

Xinhua World / China News Service / Xinhua Finance / Anadolu Agency Politics / Google News - World / Nikkei Asia / Ukrainian National News (UNN) - Politics / Yahoo News - World / Al Jazeera Middle East / Deutsche Welle German News / The Korea Times / BBC News (Top) / Tagesschau / Ukrinform

Reference Links

2026-08-06

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Updates

Brazil's central bank cut rates for the fourth consecutive time, lowering the Selic rate to 14%, the lowest since March 2025. The bank emphasized external uncertainty and inflation risks, citing oil and commodity price volatility and fiscal policy impacts on inflation. (Valor Econômico Politics)

Key Events

Brazil's central bank cuts rates for fourth time, Selic to 14% (Valor Econômico Politics)

Linkage

Rate cut / Brazilian real depreciation / higher import costs for commodities

Sources

Xinhua World / Valor Econômico Politics / Anadolu Agency Politics / The Korea Times / Neue Osnabrücker Zeitung - Politik / The Irish News / Google News - World / BBC News (Top) / Euronews / Al Jazeera Middle East / Focus Taiwan Politics / ECNS Politics News / RT News / BBC News (Business) / SIC Notícias

Reference Links

2026-08-04

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Updates

The US Treasury joined Japan's intervention to stop the yen's continued depreciation against the dollar, highlighting broader risks from Japanese market turmoil. (The New York Times)
The Indian government announced an increase in windfall export taxes on gasoline, diesel, and aviation turbine fuel effective August 3 for two weeks, while domestic fuel taxes remain unchanged. This aims to address the impact of global conflicts on supply chains. (Times of India)

Key Events

US assists Japan in FX intervention to support yen (The New York Times)
India raises windfall export taxes on gasoline, diesel, and jet fuel (Times of India)

Linkage

Yen intervention / FX volatility / Risk-off sentiment

India raises export taxes / curbs exports / tighter global refined product supply

Sources

Xinhua Finance / China News Service / France 24 #2 / Yonhap News TV / The Hindu / Al Jazeera Middle East / DW (Deutsche Welle) / Google News - World / Die Zeit Politics / The New York Times / Times of India / BBC News (Top) / RT News / Sky News / Der Spiegel International / ORF.at News / France 24 #3

Reference Links

2026-08-03

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Updates

Japan and the U.S. conducted their first joint forex intervention since 2011 on Friday to address excessive yen volatility. The move aims to stabilize the currency market. (Nikkei Asia)

Key Events

Japan-U.S. joint forex intervention, first since 2011 (Nikkei Asia)

Linkage

FX intervention / JPY / USD volatility / risk sentiment & safe-haven flows

Sources

Google News - World / The New York Times / The Independent / Yonhap News TV / Yahoo News - World / Al Jazeera Middle East / France 24 #3 / Nikkei Asia / El Mundo - International News / elDiario.es Internacional / Die Zeit Politics / ORF.at News / Times of India / BBC News (Top) / The Hindu BusinessLine / El País Internacional / France 24 #2

Reference Links

2026-08-01

Open report

Updates

The Federal Reserve is showing early divisions under Chair Kevin Warsh, with some officials dissenting from the decision to hold rates due to inflation concerns. (The New York Times)
The US Treasury signaled to banks that it may intervene further in the yen, causing the yen to appreciate sharply. (Nikkei Asia)

Key Events

Inflation concerns trigger Fed dissents on holding rates (The New York Times)
US Treasury hints at possible yen intervention; yen surges (Nikkei Asia)

Linkage

Fed dissent / rate expectations / USD & risk assets

USD / JPY intervention / FX volatility / risk sentiment

Sources

Xinhua Finance / Google News - World / The New York Times / RT News / Nikkei Asia / ABC News / Yonhap News TV Politics Feed / Yonhap News TV / France 24 #2 / Al Jazeera Middle East / ANTARA News Agency / The Hindu / DW (Deutsche Welle)

Reference Links

2026-07-31

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Updates

The Bank of Japan conducted yen-buying intervention, while the US conducted a foreign exchange review. (Nikkei Asia)
US Q2 GDP annualized growth rate fell to 1.5% from 2.1% in Q1, below market expectations, indicating an unexpected slowdown. (BBC News (Business))

Key Events

Japan implements yen-buying intervention, US conducts FX review (Nikkei Asia)
US Q2 GDP growth unexpectedly slows to 1.5% (BBC News (Business))

Linkage

Japan FX intervention / Yen strength / Risk-off in global markets

US GDP slowdown / Fed rate cut expectations / USD weakness & risk-off

Sources

Google News - World / Al Jazeera Middle East / Nikkei Asia / BBC News (Top) / The New York Times / The Hindu / Der Spiegel International / Yahoo News - World / ANTARA News / BBC News (Business) / France 24 #2 / RT News

Reference Links

2026-07-30

Open report

Updates

After the Fed held rates steady, international gold prices rose over 1%, with spot gold at $4,076.41/oz. (Yonhap News TV)
Fed Chair Warsh hinted at tolerance for rising long-term rates, causing US Treasury yields to surge and the three major US stock indices to fall sharply, with semiconductor stocks leading the decline. (Yonhap News TV)
The Fed voted to keep interest rates unchanged, in line with market expectations. (Yahoo News - World)

Key Events

International gold prices rise over 1% on Fed rate decision (Yonhap News TV)
Fed Chair hints at tolerance for rising rates; New York stocks plunge (Yonhap News TV)
Fed holds interest rates steady (Yahoo News - World)

Linkage

Fed rate hold / USD weakness / gold rally

Fed hawkish signal / US rates surge / global equities sell-off

Sources

Xinhua Finance / France 24 #2 / ANTARA News / Yonhap News TV / Google News - World / Yahoo News - World / Al Jazeera Middle East / ABC News / Der Spiegel International / The Hindu / The New York Times

Reference Links

2026-07-28

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Updates

Federal Reserve Chairman Kevin Warsh faces a decision on whether to push for a rate hike at the next meeting. (The New York Times)

Key Events

New Fed chairman faces major rate decision test (The New York Times)

Linkage

Fed rate hike signal / USD strength / risk asset repricing

Sources

Xinhua Finance / China News Service / Google News - World / France 24 #2 / Nikkei Asia / Al Jazeera Middle East / The Hindu / The New York Times / ABC News / ANTARA News / Der Spiegel International / Global Issues News / Yahoo News - World

Reference Links

2026-07-27

Open report

Updates

The yen fell to multi-decade lows against the dollar, increasing market bets on an early rate hike by the Bank of Japan. (Nikkei Asia)

Key Events

Yen falls to multi-decade low, BOJ early rate hike expectations rise (Nikkei Asia)

Linkage

BOJ rate hike expectations / Yen appreciation / Risk-off in Asian equities

Sources

China News Service / Yonhap News TV / Al Jazeera Middle East / Ukrainian National News (UNN) - Politics / POLITICO Europe / Nikkei Asia / Valor Econômico Politics / Google News - World / The Hindu / RT News / O Globo Politics / Yahoo News - World

Reference Links

2026-07-25

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Updates

The US 10-year Treasury yield rises to its highest level of Trump's second term, which Treasury Secretary Bessent previously viewed as a metric for success in improving affordability. (The New York Times)

Key Events

Key interest rate surges to highest level of Trump's second term (The New York Times)

Linkage

Rising 10Y yield / tighter financial conditions / risk-off across assets

Sources

Xinhua Finance / Google News - World / RT News / France 24 #3 / The New York Times / Al Jazeera Middle East / Yonhap News Agency / The Hindu / Global Issues News / DW (Deutsche Welle) / France 24 #2

Reference Links

2026-07-15

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Updates

Fed Chair Warsh stated in congressional testimony that the Fed has zero tolerance for persistently high inflation, hinting at possible further tightening of monetary policy. (China News Service)
The US June Consumer Price Index (CPI) rose 3.5% year-on-year, with the largest monthly decline since 2020, as inflation slowed significantly during the Iran war pause. (The New York Times)

Key Events

Fed Chair Warsh says zero tolerance for persistent high inflation (China News Service)
Inflation slows during Iran war pause, CPI falls to 3.5% (The New York Times)

Linkage

Fed hawkish stance / USD strength / commodity price pressure

CPI slowdown / Fed rate cut expectations / Risk-On sentiment

Sources

Xinhua Finance / China News Service / Al Jazeera Middle East / RT News / Google News - World / DW (Deutsche Welle) / BBC News (Business) / BBC News (Top) / Yonhap News Agency / The New York Times / France 24 #2 / The Hindu / Times of India

Reference Links

2026-07-10

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Updates

Bank of England chief economist says rate hike may be needed this year due to slowing growth and inflationary pressures. (BBC News (Business))

Key Events

Bank of England chief economist: rate hike may be needed this year to tackle inflation (BBC News (Business))

Linkage

BoE hawkish guidance / GBP appreciation / UK equities sell-off

Sources

China News Service / Der Spiegel International / Google News - World / Al Jazeera Middle East / BBC News (Business) / BBC News (Top) / Yahoo News - World / France 24 #2 / Nikkei Asia / Prime Minister of Canada - News

Reference Links

2026-07-04

Open report

Updates

Trajectory (Shift): US employment growth slows, further weakening from June nonfarm payrolls of 57,000; market expectations for Fed rate hikes significantly cool.
China's central bank conducts 1 trillion yuan in outright reverse repos (3-month) to maintain reasonable liquidity.
US employment data vs. inflation expectations; probability of rate cuts rises but geopolitical risks suppress risk appetite.

Key Events

US employment growth slows; market expects lower likelihood of Fed rate hikes (Yahoo News - World)
China's central bank conducts 1 trillion yuan outright reverse repo operation (China Government English News)

Watch / Outlook

Focus on Fed officials' speeches this week and subsequent employment data; if economic slowdown continues, rate cut expectations will further strengthen.

Linkage

Weaker employment data / Cooling rate hike expectations / USD under pressure, US Treasury yields decline

China reverse repo / Liquidity easing / RMB rates decline, supporting risk assets

Sources

Yahoo News - World / Al Jazeera Middle East / Die Zeit Politics / Google News - World / The Independent / n-tv Politik / Ukrinform / Tagesschau / Le Monde International / RT News / China Government English News

Reference Links

2026-07-03

Open report

Updates

Trajectory (Shift): U.S. June nonfarm payrolls increased by only 57,000, far below expectations, but unemployment rate fell to 4.2% (Anadolu Agency Politics).
Gold price jumps 2.5%, silver up 4.6%, as employment data weakens Fed rate hike expectations (Anadolu Agency Politics).
Wall Street rises on rate cut expectations (La Tribune), but companies hold back hiring due to AI costs.
Yen strengthens past 160 against dollar; market fears Japanese authorities may intervene (Nikkei Asia).

Key Events

U.S. June nonfarm payrolls add 57,000, far below expectations - Anadolu Agency Politics
Gold surges 2.5%, silver up 4.6% - Anadolu Agency Politics
Yen rises to 160 range, intervention fears intensify - Nikkei Asia

Watch / Outlook

Focus on next week's Fed meeting minutes and official speeches; market pricing for a September rate cut may accelerate; whether the Bank of Japan actually intervenes in the currency market.

Linkage

Weak nonfarm payrolls / Fed rate cut expectations rise / Dollar weakens, gold / Treasuries rise

Yen appreciation pressure / Intervention risk / Asian exchange rate volatility

Sources

Xinhua World / Politika / Google News - World / The New Indian Express / Al Jazeera Middle East / Anadolu Agency Politics / La Tribune / Meduza / n-tv Politik / Ukrinform / Nikkei Asia / DW (Deutsche Welle) / ANTARA News / Yahoo News - World

Reference Links

2026-07-02

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Updates

Fed Chair Warsh says at ECB forum that inflation risks have decreased compared to a few weeks ago. (The New York Times)

Key Events

Fed Chair Warsh says inflation risks have decreased compared to a few weeks ago (The New York Times)

Linkage

Fed inflation view / rate expectations / risk appetite

Sources

China News Service / Xinhua World / Google News - World / Yonhap News TV / BBC News (Top) / DW (Deutsche Welle) / Times of India / Al Jazeera Middle East / ANTARA News Jawa Timur / The New York Times / Deutsche Welle German News / The Hindu

Reference Links

2026-07-01

Open report

Updates

The dollar continues to strengthen; the yen falls to a 40-year low against the dollar, reflecting market expectations of policy divergence between the Fed and the Bank of Japan. (Yahoo News - World)

Key Events

Dollar strengthens, yen falls to 40-year low (Yahoo News - World)

Linkage

Fed hawkish vs BOJ dovish / USD / JPY surge / risk-off across EM and commodities

Sources

China News Service / Yonhap News TV / Times of India / Google News - World / Al Jazeera Middle East / The New York Times / Global Issues News / The Hindu / Yahoo News - World / ANTARA News / Yonhap News Agency / Der Spiegel International

Reference Links

2026-06-30

Open report

Updates

The yen fell to 161.97 against the US dollar in New York forex trading, the lowest since December 1986, breaking the record set in July 2024. (China News Service)

Key Events

Yen falls to near 40-year low against US dollar (China News Service)

Linkage

JPY depreciation / USD strength / risk-off in EM currencies

Sources

China News Service / Google News - World / Yonhap News TV / DW (Deutsche Welle) / France 24 #2 / ANTARA News / Der Spiegel International / Global Issues News / The New York Times / Times of India / BBC News (Top) / ABC News / France 24 #3

Reference Links

2026-06-25

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Updates

On June 24, 2026, gold prices fell below $4,000/ounce for the first time since November last year, mainly due to a stronger US dollar and expectations of US interest rate hikes. (Ukrinform)

Key Events

Gold prices fall below $4,000/ounce, hitting multi-month low (Ukrinform)

Linkage

USD strength / rate hike expectations / gold price decline

Sources

Xinhua World / Xinhua Finance / China News Service / The Korea Times / Google News - World / Anadolu Agency Politics / Al Jazeera Middle East / Nikkei Asia / Ukrinform / RT News / BBC News (Top) / Ukrainian National News (UNN) - Politics

Reference Links

2026-06-19

Open report

Updates

The Federal Reserve held interest rates at 3.5%-3.75% at Kevin Warsh's first meeting as chair; Warsh will assess the Fed's operations. (BBC News (Business))

Key Events

Warsh's first Fed meeting holds rates steady, will assess operations (BBC News (Business))

Linkage

Fed rate hold / USD stability / global rate expectations

Sources

China News Service / RT News / Nikkei Asia / Al Jazeera Middle East / Yahoo News - World / Deutsche Welle German News / Prime Minister of Canada - News / The Hindu BusinessLine / DW Germany News / Google News - World / BBC News (Business) / Times of India / Der Spiegel International / France 24 #2 / BBC News (Top)

Reference Links

2026-06-18

Open report

Updates

The Fed announced on June 17 that it would keep the federal funds rate target range unchanged at 3.5%-3.75%, the fourth hold this year, but the Summary of Economic Projections showed officials expect rate hikes this year. (Xinhua World)
The Fed, under Chair Warsh, kept the key interest rate unchanged, but policymakers expect rate hikes this year. (Yonhap News Agency)
The Fed announced on June 17, 2026, that it would keep the federal funds rate target range unchanged at 3.5% to 3.75%, in line with market expectations. (Xinhua Finance)

Key Events

Fed holds rates steady for fourth time this year, expects rate hikes (Xinhua World)
Fed under Warsh holds rates steady, policymakers expect rate hikes this year (Yonhap News Agency)
Fed holds rates steady for fourth consecutive time (Xinhua Finance)

Linkage

Fed rate hold + hawkish dot plot / USD strength, risk-off / commodity demand pressure

Fed rate hold / USD strength / commodity price pressure

Sources

China News Service / Xinhua Finance / Xinhua World / KBS World News / Al Jazeera Middle East / DW (Deutsche Welle) / Yahoo News - World / France 24 #2 / Google News - World / The Hindu / Sky News / RT News / Yonhap News Agency / The New York Times / France 24 #3

Reference Links

2026-06-17

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Updates

The Bank of Japan decided at its June 16 monetary policy meeting to raise interest rates by 25 basis points, lifting the policy rate from 0.75% to 1%, the highest level in 31 years. (China News Service)

Key Events

Bank of Japan raises rates by 25bp to 1%, highest in 31 years (China News Service)

Linkage

Japan rate hike / Yen carry trade unwind / Global risk-off

Sources

China News Service / Xinhua World / Xinhua Finance / ORF.at News / Google News - World / Die Zeit Politics / Deutsche Welle German News / RT News / Yonhap News TV Politics Feed / Yahoo News - World / The New York Times / El País Internacional

Reference Links

2026-06-12

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Updates

World Bank cuts 2026 global growth forecast from 2.9% to 2.5%, the lowest since COVID-19, mainly due to energy price surge from Middle East conflict. If energy supply disruptions intensify, growth could fall to 1.3%. (Yonhap News TV)

Key Events

World Bank cuts 2026 global growth forecast to 2.5%, lowest since pandemic (Yonhap News TV)

Linkage

Middle East conflict / oil supply disruption / global growth downgrade

Sources

Xinhua World / China News Service / Yonhap News TV / Yahoo News - World / Al Jazeera Middle East / RT News / Global Issues News / Yonhap News Agency / DW (Deutsche Welle) / The Hindu

Reference Links

2026-06-11

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Updates

U.S. inflation rate rose to 4.2%, a three-year high, driven mainly by rising fuel costs. This marks the third consecutive monthly increase, putting pressure on the Fed's interest rate decisions. (The Hindu BusinessLine)
U.S. May CPI rose 4.2% year-on-year and 0.5% month-on-month, with inflationary pressures persisting. (China News Service)

Key Events

U.S. inflation hits 4.2%, a three-year high, fueled by rising fuel costs (The Hindu BusinessLine)
U.S. May CPI rises 4.2% year-on-year (China News Service)

Linkage

US inflation rise / Fed rate hike expectations / USD strength & risk-off

US CPI inflation / Fed rate hike expectations / Risk-off across assets

Sources

China News Service / Al Jazeera Middle East / Yonhap News TV / Der Spiegel International / RT News / The Hindu BusinessLine / Google News - World / The Hindu / The New York Times / DW (Deutsche Welle) / BBC News (Top)

Reference Links

2026-06-06

Open report

Updates

印度经济在FY26第四季度同比增长7.8%，全年增长7.7%，受投资、农业和建筑业推动。印度储备银行将本财年GDP增长预测下调至6.6%。
美国强劲就业数据引发加息预期，标普500指数单日下跌超2.6%，创年内最大跌幅，终结九周连涨。
印度储备银行（RBI）维持回购利率5.25%不变，因西亚冲突引发通胀风险，将FY27增长预测下调至6.6%，通胀预测上调至5.1%。

Key Events

印度FY26 GDP增长7.7%，Q4达7.8%；央行下调本年度预测至6.6%
强劲就业数据推升加息预期，美股大幅下挫
印度央行下调增长预期、上调通胀预测，因西亚危机影响

Linkage

India GDP beat / RBI rate path / EM risk appetite

Strong jobs data / rate hike expectations / equity sell-off

Sources

Xinhua World / Xinhua Finance / China News Service / Google News - World / BBC News (Top) / The New York Times / Yonhap News TV / Al Jazeera Middle East / Times of India / Yahoo News - World / Nikkei Asia / BBC News (Business) / RT News

Reference Links

2026-06-04

Open report

Updates

A European Central Bank report shows that as of end-2025, gold accounts for 27% of global official reserves, surpassing U.S. Treasuries as the largest reserve asset, mainly due to rising gold prices and continued central bank purchases. (Xinhua Finance)

Key Events

Gold surpasses U.S. Treasuries as largest global official reserve asset (Xinhua Finance)

Linkage

Central banks increase gold holdings / gold price rises / risk aversion intensifies

Sources

Xinhua World / China News Service / Xinhua Finance / Yonhap News TV / Yahoo News - World / Al Jazeera Middle East / JETRO Business News / France 24 #2 / Global Issues News / The New York Times / Google News - World / RT News / ABC News / DW (Deutsche Welle) / Times of India

Reference Links

2026-06-03

Open report

Updates

The yen fell to 160 against the dollar, erasing all gains from the Bank of Japan's intervention in the foreign exchange market. (Nikkei Asia)
A European Central Bank report showed that as of the end of 2025, gold's share of global official reserve assets rose to 27%, surpassing US Treasury bonds at 22% to become the largest reserve asset. (Xinhua Finance)

Key Events

Yen touches 160 against dollar, erasing intervention gains (Nikkei Asia)
ECB: Gold surpasses dollar as world's largest official reserve asset (Xinhua Finance)

Linkage

Yen depreciation / USD strength / Risk-off sentiment

Central bank reserve structure change / increased gold demand / gold price rise

Sources

Xinhua World / China News Service / Xinhua Finance / Al Jazeera Middle East / Yonhap News TV / Nikkei Asia / The New York Times / BBC News (Top) / Times of India / Google News - World / Yonhap News Agency / The Hindu

Reference Links

2026-05-30

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Updates

Chicago Fed President says the Fed could raise rates again if inflation persists. (Nikkei Asia)
Japan's Ministry of Finance reports that foreign exchange intervention from April 28 to May 27 totaled 11.73 trillion yen, a record high, aimed at curbing yen depreciation. (Xinhua Finance)
US inflation data rises but meets expectations, while GDP growth slows. (Yahoo News - World)

Key Events

Chicago Fed President: rate hike option remains if inflation persists (Nikkei Asia)
Japan FX intervention scale hits record high (Xinhua Finance)
Inflation rises but not above expectations, GDP growth slows (Yahoo News - World)

Linkage

Fed hawkish stance / USD strengthens / risk assets under pressure

Japan FX intervention / Yen strength / Risk-off in global markets

Sources

Xinhua Finance / Yonhap News TV / Al Jazeera Middle East / Google News - World / Yonhap News Agency / DW (Deutsche Welle) / BBC News (Top) / Nikkei Asia / Times of India / The New York Times / Der Spiegel International / Yahoo News - World

Reference Links

2026-05-29

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Updates

美国通胀升至近三年最高水平，主要受伊朗战争推高汽油价格影响。
美国4月关键通胀指标加速至三年最高，汽油和食品价格上涨挤压居民财务。

Key Events

通胀升至近三年新高，美联储青睐指标显示
美国4月通胀指标恶化，汽油价格飙升

Linkage

Iran war / oil supply disruption / gasoline price rise / inflation spike / Fed policy tightening

Gasoline price surge / CPI acceleration / Fed hawkish repricing

Sources

China News Service / Yonhap News TV / The New York Times / Google News - World / Yahoo News - World / DW (Deutsche Welle) / Al Jazeera Middle East / Yonhap News Agency / Times of India / ABC News / The Hindu / BBC News (Business)

Reference Links

2026-05-23

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Updates

Kevin Warsh sworn in as Federal Reserve Chair and member of the Board of Governors; the Federal Open Market Committee unanimously elected him as Chair. (Fed)
Kevin Warsh sworn in as Fed Chair on May 22, 2026; markets expect the Fed may raise interest rates to combat inflation. (Xinhua Finance)
Kevin Warsh officially sworn in as Fed Chair; President Trump explicitly demanded a change in monetary policy direction during the ceremony. (Der Spiegel International)

Key Events

Warsh sworn in as Fed Chair (Fed)
Warsh sworn in as Fed Chair, faces inflation challenge (Xinhua Finance)
Kevin Warsh sworn in as Fed Chair (Der Spiegel International)

Linkage

Fed leadership change / monetary policy expectations / USD and rates volatility

Fed chair change / rate hike expectations / USD strength, risk-off

Sources

China News Service / Xinhua Finance / Yahoo News - World / France 24 #2 / Fed / Google News - World / Der Spiegel International / Al Jazeera Middle East / ABC News / Yonhap News TV / RT News / Times of India / Sky News / BBC News (Business) / The New York Times / France 24 #3

Reference Links

2026-05-22

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Updates

Trajectory (Pivoting): The EU downgrades its economic growth forecasts for 2026 and 2027 due to soaring energy prices and rising inflation (China News Service).
Eurozone business activity contracts at the fastest pace in over two years in May, stoking stagflation concerns.

Key Events

Soaring energy prices weigh on EU, prompting downgrade of economic growth forecasts (China News Service)

Watch / Outlook

The European Central Bank may face pressure to ease, but high inflation limits its scope; monitor subsequent PMI data and ECB signals.

Linkage

Energy price surge / Inflation rise / EU growth downgrade / Euro under pressure

Sources

China News Service / Yonhap News TV / Nikkei Asia / Ukrinform / Google News - World / Yonhap News Agency / RT News / Kremlin President News / Al Jazeera Middle East / France 24 #2 / BBC News (Top) / KBS World News / BBC News (Business) / Times of India

Reference Links

2026-05-21

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Updates

The Fed's April meeting minutes showed that most officials believed further rate hikes might be needed to combat inflation, marking Powell's last meeting as chair. (The New York Times)
The Fed released minutes of the April 28-29 FOMC meeting, showing the committee held rates steady. (Fed)
The Fed's April meeting minutes showed that most members believed rate hikes might be appropriate if inflation remains above 2%. Some members supported removing the dovish bias from the policy statement. (Yonhap News TV)

Key Events

Most Fed officials support possibility of further rate hikes (The New York Times)
Fed April meeting minutes released, rates unchanged (Fed)
Fed majority: rate hikes appropriate if inflation persists above 2% (Yonhap News TV)

Linkage

Fed hawkish minutes / rate hike expectations / USD strengthens, equities fall

Fed holds rates / USD steady / rates / equities adjust

Sources

China News Service / Al Jazeera Middle East / Times of India / Yonhap News TV / Nikkei Asia / Google News - World / The New York Times / The Hindu / Fed / Global Issues News

Reference Links

2026-05-20

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Updates

New York stock indices fell across the board as long-term US Treasury yields surged, with the 30-year yield hitting 5.19%, the highest since 2007, and the 10-year yield rising to 4.687%, the highest since January last year. Markets fear accelerating inflation and... (Yonhap News TV)

Key Events

US Treasury yields surge, New York stocks fall across the board (Yonhap News TV)

Linkage

US Treasury yield surge / risk assets under pressure / risk aversion rises

Sources

China News Service / RT News / Google News - World / Al Jazeera Middle East / The New York Times / Yonhap News TV / France 24 #2 / Yonhap News Agency / Yahoo News - World

Reference Links

2026-05-15

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Updates

US Senate confirms Kevin Warsh as Fed chair for a four-year term. His main challenge is maintaining Fed independence against pressure from President Trump to cut rates. (France 24 #3)

Key Events

Kevin Warsh confirmed by Senate as Fed chair (France 24 #3)

Linkage

Fed leadership change / monetary policy expectations / USD and rates volatility

Sources

Al Jazeera Middle East / Times of India / Yonhap News Agency / France 24 #3 / BBC News (Business) / Nikkei Asia / Google News - World / UK Ministry of Defence / The New York Times / Yahoo News - World / France 24 #2

Reference Links

2026-05-14

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Updates

The US Senate confirmed Kevin Warsh as Fed chair in the most partisan vote in history, succeeding the current chair. Warsh takes office as policymakers warn persistent price pressures could complicate Trump's efforts to lower borrowing costs. (France 24 #2)
Trump ally Kevin Warsh was confirmed as the next Fed chair by a narrow Senate vote. (Times of India [timesofindia.indiatimes.com])
The US Senate confirmed Kevin Warsh as Fed chair, who pledged 'institutional change' at the Fed. (The New York Times)

Key Events

US Senate confirms Trump's nominee Warsh as Fed chair (France 24 #2)
Trump ally Warsh confirmed by Senate as Fed chair (Times of India [timesofindia.indiatimes.com])
Senate confirms Kevin Warsh as Fed chair (The New York Times)

Linkage

Fed chair change / policy uncertainty / market repricing

Fed chair change / policy expectations shift / asset repricing

Sources

France 24 #2 / Times of India / The New York Times / Nikkei Asia / Yonhap News Agency / RT News / Google News - World / BBC News (Business) / Yahoo News - World / Al Jazeera Middle East / France 24 #3

Reference Links

2026-05-13

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Updates

The U.S. Senate confirmed Kevin Warsh as a Federal Reserve governor by a vote of 51 to 45, for a 14-year term. Warsh will also succeed Powell as Fed chair; the Senate may vote on his confirmation as early as the 13th. (Xinhua World)

Key Events

U.S. Senate confirms Warsh as Fed governor (Xinhua World)

Linkage

Fed governor confirmation / monetary policy expectation adjustment / USD and rate volatility

Sources

Xinhua World / IRIS - Institut de relations internationales et stratégiques / BBC News (Business) / Al Jazeera Middle East / RT News / Der Spiegel International / France 24 #2 / The New York Times / Google News - World / Yahoo News - World / The Hindu / Yonhap News Agency / The Hindu BusinessLine / Kremlin President News / France 24 #3

Reference Links

2026-05-11

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Updates

Due to weakening cash flow, the US federal government needs to issue more debt than expected, and the bond market sends a strong signal. (Yahoo News - World)

Key Events

US federal government forced to issue more debt due to worsening cash flow, bond market warns (Yahoo News - World)

Linkage

Increased debt supply / higher yields / risk-off

Sources

Xinhua World / China News Service / KBS World News / Yahoo News - World / NPR Politics / The Independent / Die Zeit Politics / RT News / ORF.at News / Al Jazeera Middle East / DW (Deutsche Welle) / Yonhap News TV / Nikkei Asia / Google News - World / Anadolu Agency Politics

Reference Links

2026-05-09

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Updates

The latest U.S. employment report shows hiring slowed but job gains still exceeded market expectations. (Yahoo News - World)

Key Events

U.S. employment report shows hiring slowed but beat expectations (Yahoo News - World)

Linkage

Strong jobs data / Fed rate hike expectations / USD / Equities rally

Sources

China News Service / The Korea Times / El País Internacional / Al Jazeera Middle East / Google News - World / Yahoo News - World / Sky News / Detik Pemilu / Metro News Politics / RT News / Ukrinform / DW (Deutsche Welle) / Neue Osnabrücker Zeitung - Politik / BBC News (Business)

Reference Links

2026-05-03

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Updates

Japan may have spent approximately $34.5 billion on foreign exchange intervention to support the yen. (Yahoo News - World)

Key Events

Japan may spend $34.5 billion to intervene in yen exchange rate (Yahoo News - World)

Linkage

Yen intervention / USD / JPY volatility / Risk-off in FX

Sources

China News Service / TF1 Info Politique / Yonhap News TV / Times of India / The Hindu / Al Jazeera Middle East / Google News - World / France 24 #2 / IRNA / The New Indian Express / Yahoo News - World / Der Spiegel International / Anadolu Agency Politics / France 24 #3

Reference Links

2026-05-01

Open report

Updates

The Japanese government conducted FX intervention, causing the yen to briefly strengthen from 160 to 155 against the dollar. (Nikkei Asia)
The Fed held policy rates unchanged for the third consecutive meeting, but the 'dovish bias' in the statement faced opposition from several governors, indicating widening internal divisions. (JETRO Business News)

Key Events

Japan launches FX intervention, yen spikes from 160 to 155 (Nikkei Asia)
Fed holds rates for third consecutive meeting; several governors oppose dovish bias in statement (JETRO Business News)

Linkage

Japan FX intervention / Yen strengthens / Risk-off in FX markets

Fed hold rates / dissent on dovish bias / USD / Rates volatility

Sources

China News Service / Global Issues News / Yonhap News TV / France 24 #3 / Nikkei Asia / Al Jazeera Middle East / JETRO Business News / BBC News (Business) / The Hindu / Yahoo News - World / Google News - World / BBC News (Top) / The New York Times / RT News

Reference Links

2026-04-30

Open report

Updates

The Federal Reserve decided to keep interest rates unchanged, and Chair Powell said he will remain as a governor after his term ends, to address legal pressures and institutional concerns. (The Hindu BusinessLine)
In his final rate decision press conference, Fed Chair Powell discussed key issues including the US-Israel-Iran conflict, inflation, legal attacks, and Fed independence. (BBC News (Business))
In his final meeting, Fed Chair Powell broke with central bank tradition, sending a clear signal to Trump, drawing market attention. (Der Spiegel International)

Key Events

Fed holds rates unchanged, Powell to stay as governor after term ends (The Hindu BusinessLine)
Four key points from Powell's final rate decision: US-Israel-Iran conflict, inflation, legal attacks, and Fed independence (BBC News (Business))
Fed Chair Powell breaks tradition, sends clear signal to Trump (Der Spiegel International)

Linkage

Fed holds rates / USD stable / rates unchanged

Fed holds rates / inflation outlook / USD & rates volatility

Sources

China News Service / Xinhua Finance / Yonhap News TV / RT News / Der Spiegel International / The Hindu BusinessLine / Google News - World / Al Jazeera Middle East / BBC News (Business) / Ukrinform

Reference Links

2026-04-25

Open report

Updates

The US consumer confidence index fell to 49.8 in April, the lowest since mid-2022, impacted by war, high oil prices, and inflation. (Xinhua Finance)
Fed Chair nominee Kevin Warsh says reducing the balance sheet will take time, hinting at a gradual reduction of the Fed's footprint in financial markets. (The New York Times)

Key Events

US consumer confidence index falls to mid-2022 low (Xinhua Finance)
Kevin Warsh may reduce Fed's financial market footprint (The New York Times)

Linkage

Consumer confidence collapse / Risk aversion / Safe-haven demand

Fed tightening expectations / higher rates / risk-off

Sources

Xinhua Finance / China News Service / RT News / The New York Times / El País Internacional / Yonhap News TV / The New Indian Express / DW (Deutsche Welle) / Google News - World / Al Jazeera Middle East / The Hindu / Yahoo News - World / France 24 #2

Reference Links

2026-04-22

Open report

Updates

Trump's nominee for Federal Reserve Chair denied making a deal with Trump on interest rates during the confirmation hearing and expressed willingness to pursue institutional reforms at the central bank. (BBC News (Top))
Federal Reserve nominee Kevin Warsh stated at a Senate hearing that the Fed needs a new policy framework to address inflation challenges. (O Globo Politics)

Key Events

Trump's Federal Reserve Chair nominee hearing: denies interest rate deal, advocates central bank reform (BBC News (Top))
Federal Reserve nominee Kevin Warsh calls for new framework to tackle inflation (O Globo Politics)

Linkage

Fed chair nomination / monetary policy expectations / global asset repricing

Fed nominee inflation stance / tighter policy expectations / USD up, rates up

Sources

Xinhua World / China News Service / UK Ministry of Defence / O Globo Politics / Al Jazeera Middle East / Valor Econômico Politics / Nikkei Asia / Evening Standard Politics / BBC News (Top) / Times of India / RT News / Google News - World / The Independent / ECB Press Releases / The New York Times / Ukrinform

Reference Links

2026-04-21

Open report

Updates

Trajectory (Stable): Federal Reserve nomination event introduces new variable, but policy tone unchanged so far, markets focus on potential independence risks.
Trump nominates Kevin M. Warsh to lead the Federal Reserve, Warsh will defend central bank's ability to set interest rates independently (The New York Times).
Nomination occurs amid geopolitical tensions, could affect balance between monetary policy and inflation management.

Key Events

Trump nominates new Federal Reserve chair (The New York Times)
Warsh to attend Senate hearing to defend central bank independence

Watch / Outlook

Monitor Senate hearing progress and impact on Federal Reserve policy independence; if independence compromised, could exacerbate dollar and interest rate volatility.

Linkage

Federal Reserve independence concerns / Monetary policy uncertainty / Dollar and interest rate volatility

Geopolitical risks push up inflation / Central bank policy dilemma / Market expectation divergence

Sources

Xinhua World / Xinhua Finance / China News Service / BBC News (Top) / Al Jazeera Middle East / The Independent / The New York Times / Google News - World / ABC News / RT News / Yonhap News TV

Reference Links

2026-04-17

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Updates

Trajectory (Stable): China's economy maintains steady growth, with Q1 data supporting global macro confidence.
China's Q1 2026 GDP grew 5.0% year-on-year, with major macro indicators showing accelerated growth (Xinhua Finance).

Key Events

China's Q1 GDP grows 5.0% (Xinhua Finance)

Watch / Outlook

Monitor China's subsequent economic policies and domestic demand data; strong growth may alleviate global recession concerns.

Linkage

Strong China GDP growth / Improved global risk sentiment / Rising risk assets

Sources

Xinhua Finance / Xinhua World / Australian Prime Minister's Office - Media / The Korea Times / Yahoo News - World / Google News - World / RT News / Al Jazeera Middle East

Reference Links

2026-04-14

Open report

Updates

The People's Bank of China released first-quarter financial data, showing aggregate financing to the real economy increased by 14.83 trillion yuan, indicating the financial system is front-loading efforts to support a stable economic start, with low lending rates aiding enterprises and households. (Xinhua Finance)

Key Events

Q1 aggregate financing to the real economy reaches nearly 15 trillion yuan, financial front-loading supports stable growth (Xinhua Finance)

Linkage

Accommodative monetary policy / Credit growth / Improved economic expectations

Sources

Xinhua World / Xinhua Finance / The Korea Times / Yonhap News TV / Google News - World / Al Jazeera Middle East / RT News / Yahoo News - World / DW (Deutsche Welle)

Reference Links

2026-04-09

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Updates

The US dollar index fell sharply by 0.72% on April 8, 2026, closing at 99.142, with corresponding movements in major currency pairs against the dollar. (Xinhua Finance)
The minutes of the Federal Reserve's March monetary policy meeting show that officials believe the Iran war could pose two-way risks to the US economy, potentially both raising inflation and suppressing growth. (China News Service)

Key Events

US dollar index fell sharply by 0.72% on the 8th (Xinhua Finance)
Fed meeting minutes: Iran war poses two-way risks to US economy (China News Service)

Linkage

US dollar decline / risk asset rise / improved global market sentiment

Iran war risks / Fed policy concerns / market risk aversion

Sources

Xinhua World / China News Service / Xinhua Finance / RT News / Google News - World / Yonhap News TV / Al Jazeera Middle East

Reference Links

2026-04-04

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Updates

Trajectory (Stable): Strong US March non-farm payroll data, with unemployment rate falling to 4.3%, exceeding market expectations.
Employment growth supports Federal Reserve interest rate hike expectations, strengthening the US dollar.

Key Events

US March non-farm payrolls increase by 178,000, unemployment rate falls to 4.3% (China News Service)

Watch / Outlook

Observe the Federal Reserve's response to employment data and subsequent inflation figures to gauge monetary policy direction and market risks.

Linkage

Strong employment / Rising interest rate hike expectations / Strengthening US dollar and stock market gains

Sources

China News Service / RT News / Global News / Valor Econômico Politics / Google News - World / El Mundo - International News / Al Jazeera Middle East / Ukrinform

Reference Links

Source Coverage

Coverage Gaps

Research Projection