Core Insights - The report from Galaxy Securities indicates that the U.S. CPI data for August has rebounded but remains within market expectations, suggesting inflation is still under control [1] - The labor market is showing signs of cooling, with initial jobless claims unexpectedly rising to 263,000, the highest level in nearly four years, reinforcing market expectations for the Federal Reserve to initiate a rate cut this year [1] - The anticipated weakening of the U.S. dollar is expected to benefit non-U.S. assets, driving capital flows towards emerging markets and high-yield assets, thereby enhancing global risk appetite [1] Economic Indicators - Market expectations for a potential 50 basis point rate cut by the Federal Reserve have increased, contributing to strong performance in Asian stock markets [1] - Domestic exports began to face pressure in August, while price levels are still in a bottoming phase [1] - Financial data indicates a preliminary shift in household deposits, suggesting that liquidity improvements may continue to support the performance of risk assets, along with a transition from "fixed income" to "fixed income plus" potentially providing incremental capital to the A-share market [1]
银河证券：美联储降息来临 全球资产风险偏好回升
Zheng Quan Shi Bao Wang·2025-09-15 00:05