海外高频 | 特朗普解雇理事库克，金银价格共振大涨（申万宏观·赵伟团队）

Group 1: Major Asset Movements - The Chinese Yuan has rapidly appreciated, leading to a significant increase in gold and silver prices. COMEX gold rose by 3.0% to $3,475.5 per ounce, while COMEX silver surged by 6.7% to $40.3 per ounce [1][40]. - The S&P 500 index fell by 0.1%, while the French CAC40 dropped by 3.3%. In contrast, emerging market indices showed mixed results, with Brazil's IBOVESPA rising by 2.5% [1][2]. - The WTI crude oil price increased by 0.5% to $64.0 per barrel, and Brent crude rose by 0.6% to $68.1 per barrel [34][35]. Group 2: Economic Indicators - The U.S. PCE price index for July showed a year-on-year increase of 2.6%, aligning with market expectations. The core PCE index rose by 2.9% year-on-year [79]. - Initial jobless claims in the U.S. for the week ending August 23 were reported at 229,000, lower than the expected 230,000 [82]. - The cumulative fiscal deficit for the U.S. in 2025 reached $1.14 trillion, with total expenditures of $5.31 trillion and tax revenues of $3.29 trillion [51]. Group 3: Political and Geopolitical Events - French Prime Minister Borne announced a trust vote on September 8 to push through a €44 billion austerity plan, causing significant market concerns and leading to a drop in the CAC 40 index [47]. - The geopolitical tensions, particularly the ongoing Russia-Ukraine conflict, are expected to exacerbate volatility in oil prices and disrupt global inflation control efforts [87]. Group 4: Federal Reserve Developments - President Trump dismissed Federal Reserve Governor Cook, which has led to a temporary decline in U.S. stock and bond rates. Cook has filed for a temporary injunction to remain in her position [62][71]. - Fed officials, including Waller, expressed support for a potential rate cut of 25 basis points in September, with expectations for further cuts in the following months [75][76].