国际金融市场早知道：9月18日

Group 1 - The Federal Reserve announced a 25 basis point cut in the federal funds rate target range to 4.00% to 4.25%, marking the first rate cut of 2025 and following three cuts in 2024 [1] - Fed Chairman Powell highlighted the risks of stagflation, noting a slowdown in job growth and rising inflation, with commodity inflation accelerating while service inflation continues to decline [1] - The Canadian central bank lowered its benchmark interest rate by 25 basis points to 2.5%, citing trade uncertainties from U.S. tariffs impacting economic activity, with GDP declining approximately 1.5% in Q2 and exports down 27% [3] Group 2 - U.S. new home starts fell to an annualized total of 1.307 million units in August, down from 1.429 million in July, significantly below the expected 1.365 million [2] - The European Commission proposed to partially suspend trade-related preferential terms in the EU-Israel Association Agreement [2] - A study from Mannheim University indicated that extreme weather events this summer caused approximately €43 billion in losses to Europe's GDP, with southern Europe being particularly affected [2] Group 3 - Japan's exports to the U.S. fell by 13.8% year-on-year in August, marking the fifth consecutive month of decline due to U.S. tariff policies [4] - The UK’s August CPI remained steady at 3.8%, the highest level in over a year and a half, which may lead to cautiousness from the Bank of England regarding further rate cuts [3] - The World Trade Organization's report predicts that with appropriate policy support, AI applications could boost global trade growth by nearly 40% by 2040 [2]