央行与美联储动态：本月逆回购超额续作，美PPI飙升

Group 1 - The central bank announced a reverse repurchase operation of 500 billion yuan with a six-month term on August 15, following a previous operation of 700 billion yuan for three months on August 8, resulting in a total of 300 billion yuan in excess liquidity injection this month [1] - The market anticipates that the central bank may increase the amount of medium-term lending facility (MLF) after the 300 billion yuan MLF matures this month [1] Group 2 - The expectation for a Federal Reserve interest rate cut in September has been dampened, as the U.S. Producer Price Index (PPI) surged to 3.3% year-on-year in July, the highest level since February, significantly exceeding the expected 2.5% [1] - The PPI also increased by 0.9% month-on-month, marking the largest rise since June 2022 [1] - San Francisco Fed President Daly opposed a significant 50 basis point cut in the September meeting, while Chicago Fed President Goolsbee urged caution in rate cuts until inflation is controlled [1] Group 3 - Initial jobless claims in the U.S. decreased by 3,000 to 224,000, remaining below expectations and at the lowest level since November 2021 [1] - The previous week's continuing claims fell to 1.953 million, slightly below expectations but still hovering at high levels since 2021 [1]