TMGM：9月联邦公开市场委员会会议纪要证实美联储委员间存在分歧

Group 1 - French Prime Minister Le Maire reports to President Macron that there is still a possibility for compromise in parliament, but warns that the future will be challenging [2] - At least 210 members of parliament are seeking to establish a "stability platform" to guide next year's budget, requiring support from opposition members [2] - The largest opposition groups, the far-right (RN) and far-left (LFI), are pushing for new legislative elections, holding a total of 198 seats [2] Group 2 - The U.S. Treasury sold $39 billion of 10-year bonds, with the auction yield lower than the previous auction, indicating a challenging environment for upcoming bond sales [3] - The FOMC minutes revealed divisions among members regarding interest rate decisions, with a consensus supporting a 25 basis point cut [3] - The market has largely priced in the likelihood of rate cuts in October and December [3] Group 3 - The National Bank of Poland unexpectedly cut the policy rate by 25 basis points to 4.50%, citing stable inflation rates and a gradual slowdown in wage growth [4] - The central bank noted that core inflation is expected to remain close to previous levels, with service price increases still rising [4] - Market reactions were muted, indicating that the rate cut is viewed as a timing issue rather than a significant shift in rate expectations [4] Group 4 - China announced plans to strengthen controls over the export of rare earth elements and related technologies, requiring foreign companies to obtain approval for exports [5] - The measures aim to protect national security and prevent misuse of rare earth materials in military and sensitive areas [5] - Technologies related to rare earth mining and recycling will also require government permission for export [5]