每经编辑｜毕陆名 美东时间周三（7月30日），美股三大指数收盘涨跌不一，截至收盘，道指跌0.38%，纳指涨0.15%，标普500指数跌 0.12%。交易员预计9月降息的可能性低于50%，之前为60%左右。 热门科技股涨跌不一，英伟达涨超2%，博通涨超1%，苹果跌超1%。 富时A50期指连续夜盘收跌0.22%，报13985点。 周三纽约尾盘，CME比特币期货BTC主力合约较周二纽约尾盘跌0.38%，至11.8万美元下方，盘中跌穿11.6万美元。 周三纽约尾盘，离岸人民币（CNH）兑美元报7.2113元，较周二纽约尾盘跌305点，日内整体交投于7.1753~7.2146元 区间。 黄金价格下跌，COMEX黄金期货跌1.72%，报3266.90美元/盎司；10月合约跌1.72%，报3295.60美元。 周三纽约尾盘，COMEX铜期货一度下跌18.03%，报4.6115美元/磅，截至收盘跌17.7%。 国际油价站上70美元，WTI 9月原油期货收报70.00美元/桶，布伦特9月原油期货收报73.24美元/桶。 消息方面，美联储决议继续维持基准利率在4.25%至4.50%区间。鲍威尔认为，政策的不断变化对经济影响仍不确 ...

高盛(GS.N)估计，美国即将对包括豁免在内的所有巴西进口商品征收的实际关税税率为30.8%。 ...

Core Points - The Bank of Canada has maintained its benchmark interest rate at 2.75% for the third consecutive meeting, aligning with market expectations [1] - The central bank indicated that further rate cuts may occur if the economy weakens and inflation pressures remain controlled [1] - Core inflation has recently rebounded, but the central bank is uncertain about its sustainability [1] Economic Outlook - The Bank of Canada presented three economic scenarios regarding the US-Canada trade situation, predicting a growth rebound to 1% in the second half of the year if current tariff levels remain unchanged [2] - If the US reduces tariffs on non-USMCA goods and Canada reciprocates, it could further boost growth; conversely, an escalation in trade tensions could lead to economic contraction and increased inflation pressures [2] - The central bank forecasts a decline in the inflation rate from 2.3% to 1.9% by 2025, partly due to the federal government's cancellation of the carbon tax [2] Market Reactions - Following the announcement, the yield on Canadian two-year government bonds fell to 2.773%, and the Canadian dollar initially dropped before recovering [1] - The market interpreted the central bank's statement and the governor's comments as dovish, suggesting a more accommodative future policy stance [1] - Analysts noted that while the central bank did not signal an imminent rate cut, the current policy language does not end the easing cycle [2]

市场有风险，投资需谨慎。本文不构成个人投资建议，也未考虑到个别用户特殊的投资目标、财务状况或需要。用户应考虑本文中的任何 意见、观点或结论是否符合其特定状况。据此投资，责任自负。 特朗普宣布，美国已与韩国达成全面的贸易协议，将对韩国征收15%的关税，韩国将向美国提供3500亿 美元投资，由美国拥有和控制；此外，韩国将购买1000亿美元液化天然气（LNG）或其他能源产品。 标普股指期货涨0.68%，纳指期货涨0.97%，小盘股指期货跌0.56%。 风险提示及免责条款 ...

Financial Data and Key Metrics Changes - The company reported total revenue of $382.5 million, up 13% year over year on a GAAP basis and up 12.5% year over year on a constant currency basis [7][9] - Non-GAAP operating margin increased nearly 109 basis points year over year to 21.2%, representing the highest performance in the company's history as a public company [9] - Non-GAAP EPS grew by 10%, exceeding expectations, and free cash flow increased by 20% year over year to $70 million [9][34] Business Line Data and Key Metrics Changes - Cardiovascular segment sales grew by 10% and endoscopy segment sales increased by 81% [26] - Cardiac intervention product sales rose by 23%, with organic growth of approximately 10% [27] - Peripheral intervention products and custom procedure solutions saw sales increases of 6% and 4%, respectively [28] Market Data and Key Metrics Changes - U.S. sales increased by 17% on a constant currency basis, while international sales grew by 7% year over year [30] - Sales in China decreased by 6%, attributed to the broader macro environment [31][75] - The company expects low double-digit growth in EMEA and mid-teens growth in the Rest of the World region, with approximately 2% growth in the APAC region [37] Company Strategy and Development Direction - The company announced the acquisition of BioLife Delaware LLC for $120 million, aimed at enhancing its product offerings in hemostatic solutions [10][11] - A comprehensive marketing plan for the Rhapsody CIE was launched, focusing on raising awareness and expanding physician relationships [14] - The pricing strategy for Rhapsody CIE is based on a premium price relative to competitors, supported by clinical evidence demonstrating its efficacy [16][17] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to deliver strong execution and revenue growth despite a dynamic global macro environment [10] - The company acknowledged a two-quarter delay in securing add-on reimbursement for the outpatient setting but maintained long-term growth expectations for Rhapsody CIE [24][39] - Management emphasized the importance of their reimbursement strategy and ongoing engagement with CMS to secure necessary approvals [23][49] Other Important Information - The company updated its 2025 financial guidance, expecting GAAP net revenue growth of 10% to 11% and non-GAAP diluted EPS in the range of $3.52 to $3.72 [36][40] - The anticipated impact of tariffs on the cost of goods is expected to be significantly lower than previously forecasted [41][42] Q&A Session Summary Question: Clarification on Rhapsody reimbursement process - Management clarified that they applied for a new technology APC assignment but did not receive it, and they plan to submit for TPT by September 1 [49][50] Question: Confidence in securing TPT - Management expressed high confidence in meeting TPT guidelines and emphasized the strength of their product and data [62] Question: Sales performance in cardiac intervention - Management attributed the growth to internal product development and the strategic acquisition of Cook Medical, expecting continued strong performance [94][96]

Core Viewpoint - The Federal Reserve has maintained the interest rate at 4.25%-4.50%, marking the fifth consecutive meeting without changes, aligning with market expectations [5][6]. Summary by Sections Interest Rate Decision - The Federal Reserve decided to keep the benchmark interest rate unchanged at 4.25%-4.50%, consistent with market predictions [5]. - This decision reflects a cautious approach amid economic uncertainties and inflation concerns [6]. Voting Discrepancies - There was a notable dissent among the board members, with Governors Waller and Bowman advocating for a rate cut, marking the first time in over 30 years that two members voted against the majority [5][6]. Inflation Outlook - The Fed did not alter its inflation language, indicating that inflation remains somewhat elevated [6]. - Core PCE inflation is projected to rise by 2.7% year-on-year, while overall PCE is expected to increase by 2.5% [6]. Economic Outlook - Economic growth has slowed in the first half of the year, and uncertainty regarding future economic conditions remains high [6]. - The Fed's current policy stance is viewed as favorable, but decisions regarding future meetings will depend on incoming data [6][10]. Market Reactions - Analysts suggest that the Fed may resume a loosening cycle in the fall if inflation pressures from tariffs are confirmed to be temporary [10]. - The market is closely monitoring the Fed's stance, with expectations of potential rate cuts depending on economic data trends [10][13].

财料 联邦基金利率变化值(%) 0.9 0.6 0.3 0 -0.3 -0.6 -0.9 -1.2 2018 2018 2019 2020 2020 2021 2022 2023 2023 2024 2025 02 | 声明关键内容 连续5次按兵不动，但美联储内部裂痕加深。特朗普说9月降息，是剧透还是预言？至少现在市场预计今年再降息还有希望…… 一图读懂美联储7月利率决议 l /0 0% 2018 2019 2020 2020 2021 2022 2023 2023 2024 2025 2018 01 声明概述 维持基准利率在4.25%-4.50%不变,连续第五次按兵不 动,符合市场预期 02 投票分歧 理事沃勒、鲍曼主张降息,为30多年来首次有两位理事投下 反对票 03 通胀前景 未修改通胀措辞,表示通胀仍在一定程度上偏高 04 经济前景 上半年经济增长放缓,前景不确定性仍然居高 05 被总统"剧透" 在决议公布前10分钟,总统特朗普表示美联储此次不会降 息,并表示其会在9月降息 03 | 新闻发布会要点 01 利率前景 当前政策立场处于有利位置;尚未就9月会议作出任何决 定;无法在六周后依据6月点阵图来做 ...

福特汽车二季度调整后EBIT为21亿美元，分析师预期19.1亿美元。 预计美国总统特朗普关税将造成公司利润在2025年下滑36%。 福特汽车（F）美股盘后跌约3%。 ...

鲍威尔还提到，在关于政策的讨论中，多数观点认为，当前通胀高于目标水平，就业处于目标水平，因 此政策应保持一定的限制性。事实上，通胀距离目标比就业更远，劳动力市场是目前拥有的最佳经济数 据，从辞职率、职位空缺数和失业率等指标来看，就业市场仍然稳固，许多就业指标与一年前的情况类 似。但市场仍存在下行风险，在下次会议之前，还有两份就业和通胀报告。 新华财经北京7月31日电（郭洲洋）美联储联邦公开市场委员会（FOMC）会议后，美联储主席杰罗姆· 鲍威尔召开新闻发布会，就当前美国经济状况、货币政策调整及未来展望进行了详细阐述。 鲍威尔指出，尽管当前充满不确定性，美国经济仍然处于稳健状态。失业率保持在较低水平，劳动力市 场已达到或接近最大就业状态。他认为，当前的货币政策立场让美联储有充足准备，在面对未来可能的 经济变化时能及时应对。 关于通胀，鲍威尔表示，通胀虽然较2022年高点回落，但仍略高于2%的目标。目前存在"追赶性通 胀"，这反映了过去的压力，且无法将关税对通胀的影响单独剥离出来，同时服务业通胀正在下降，商 品通胀正在上升。他特别指出，关税开始在消费者价格中体现，核心通胀中有0.3至0.4个百分点是由关 税因素导 ...

美国总统特朗普：今天我们在白宫忙于处理贸易协议，我将于今天下午会见韩国贸易代表团。韩国目前 的关税是25%，但他们有降低关税的提议。 ...