Di Yi Cai Jing·2025-08-31 11:39Core Viewpoint - The core PCE inflation indicator favored by the Federal Reserve has shown a moderate increase, stabilizing market expectations for a rate cut in the Fed's September meeting. The ongoing fallout from Trump's dismissal of Fed Governor Cook poses a significant threat to the Fed's independence, leading to a weaker dollar and enhancing the monetary attributes of gold and the financial attributes of copper. This situation is expected to push commodity prices to break previous highs, creating upward space for equity targets [1]. Industry Summary - The non-ferrous sector is experiencing a comprehensive bloom across various sub-sectors, driven by price increases that enhance EPS and improve sentiment, coupled with strategic positioning that elevates PE ratios [1]. - The recommendation is to actively participate in this sector as the dual impact of price-driven EPS growth and improved market sentiment is currently in motion [1].