中资离岸债每日总结(10.16) | 嵊州投资控股、菏泽铁路投资发展集团发行

Economic Overview - The latest Beige Book from the Federal Reserve indicates that U.S. economic activity has shown little change in recent weeks, with overall employment levels remaining stable, but inflation and cost pressures from tariffs persist [2] - Consumer spending has slightly declined, while input costs have risen across multiple regions [2] - The report, compiled by the San Francisco Fed, is based on data collected from businesses and economic indicators across 12 Federal Reserve districts as of October 6 [2] Regional Economic Activity - Three districts reported slight economic growth, five districts remained flat, and four districts experienced slight weakening [2] - Some businesses expect demand to rebound in the next 6 to 12 months, while others warn that prolonged government shutdowns could hinder economic growth [2] Federal Reserve Policy - There is a divergence among Federal Reserve officials regarding the continuation of interest rate cuts, as they seek to balance a cooling job market with inflation remaining above the 2% target [2] - Federal Reserve Chairman Jerome Powell indicated that another rate cut may occur later this month, noting that the economic outlook has "changed little" since the last rate cut in September [2] - Futures markets suggest that investors widely anticipate a rate cut during the Federal Reserve's meeting on October 28-29 [2]