Labor Market Overview - Initial claims for unemployment insurance were reported at 218,000 for the week ending Sept. 20, which is a decrease of 14,000 from the previous week and significantly lower than the Dow Jones consensus estimate of 235,000 [1][2] - Continuing claims fell slightly by 2,000 to 1.926 million, indicating stability in the labor market [2] Federal Reserve Response - The Federal Reserve recently lowered its benchmark borrowing rate by a quarter percentage point to a range of 4%-4.25%, citing rising downside risks to employment as part of the reasoning for this decision [2][3] - The Federal Open Market Committee noted in its post-meeting statement that the easing was influenced by concerns over employment, despite the claims data suggesting companies are hesitant to lay off workers [3] Employment Trends - Nonfarm payroll growth has slowed significantly, and job openings are at a multi-year low, indicating a potential weakening in the labor market [3] - Despite a recent uptick in claims, the overall data suggests that companies remain reluctant to part with employees, even amid declining hiring rates [3]

Core Viewpoint - The Swedish central bank has lowered the benchmark interest rate to 1.75%, down from the previous rate of 2.00%, with an expected rate of 1.88% [1] Group 1 - The new benchmark interest rate is set at 1.75% [1] - The previous benchmark interest rate was 2.00% [1] - The expected rate prior to the adjustment was 1.88% [1]

Core Points - The Central Bank of the UAE has decided to lower the overnight deposit facility's benchmark rate by 25 basis points from 4.40% to 4.15% effective September 18 [1] - This decision follows the announcement by the US Federal Reserve to reduce the reserve balance rate by 25 basis points on the same day [1] - The UAE Central Bank will maintain the existing short-term liquidity credit facility borrowing rates, which are set at 50 basis points above the benchmark rate [1]

Core Viewpoint - The Federal Reserve has announced its first interest rate cut of the year, reducing the benchmark rate by 25 basis points to a target range of 4%-4.25% [1] Economic Activity - Recent data indicates that economic activity has grown moderately in the first half of the year [1] - Employment growth has slowed, and the unemployment rate has slightly increased but remains low [1] - Inflation levels have risen and continue to exceed expectations [1] Federal Reserve's Commitment - The Federal Reserve emphasizes its commitment to maximizing employment and achieving a long-term inflation target of 2% [1] - The Fed will continue to carefully assess various data, economic outlooks, and risk balances [1] Asset Holdings - The Federal Reserve has clarified its intention to continue reducing its holdings of Treasury securities, agency debt, and agency mortgage-backed securities [1]

Core Viewpoint - The Hong Kong Monetary Authority (HKMA) has lowered the base interest rate by 25 basis points to 4.50% in response to the U.S. Federal Reserve's recent rate cut [2][4]. Group 1: Interest Rate Adjustment - The base interest rate is used as the basis for calculating the discount rate applicable to repurchase transactions conducted through the discount window [4]. - The current base interest rate is set at the lower limit of the U.S. federal funds rate target range plus 50 basis points, or the average of the 5-day moving average of the overnight and 1-month Hong Kong Interbank Offered Rate (HIBOR), whichever is higher [4]. - Following the U.S. Federal Reserve's decision to lower the federal funds rate target range by 25 basis points on September 17, the current lower limit plus 50 basis points is 4.50%, while the average of the 5-day moving average of the overnight and 1-month HIBOR is 2.94% [4].

Core Viewpoint - The Hong Kong Monetary Authority (HKMA) has lowered the base interest rate by 25 basis points to 4.50% in response to the U.S. Federal Reserve's recent rate cut [3][5]. Group 1 - The base interest rate is used as the basis for calculating the discount rate applicable to repurchase transactions conducted through the discount window [5]. - The current base interest rate is set at 50 basis points above the lower limit of the current U.S. federal funds rate target range, or the average of the 5-day moving average of the overnight and 1-month Hong Kong Interbank Offered Rate (HIBOR), whichever is higher [5]. - Following the U.S. Federal Reserve's decision to lower the federal funds rate target range by 25 basis points on September 17, the current lower limit of the U.S. federal funds rate target range plus 50 basis points is 4.50% [5].

Group 1 - The Central Bank of the UAE has lowered the benchmark interest rate by 25 basis points to 4.15% [1]

Core Viewpoint - The Bank of Canada has lowered its benchmark interest rate by 25 basis points to 2.5% due to economic uncertainties stemming from U.S. tariffs and a significant decline in GDP and exports [1]. Economic Impact - The Canadian economy experienced a GDP decline of approximately 1.5% in the second quarter, with exports dropping by 27% [1]. - Slow population growth and a weak labor market are expected to exert pressure on household spending in the coming months [1]. Inflation Trends - The earlier upward trend in inflation has moderated, with the core inflation rate remaining around 2.5% [1]. - The Bank of Canada indicated that the risks of rising inflation have decreased due to economic weakness [1]. Monetary Policy Actions - Earlier in the year, the Bank of Canada had also reduced the benchmark interest rate by 25 basis points to 2.75% in March, and maintained the rate unchanged in April, June, and July [1].

（文章来源：新华财经） 现货黄金短线走高8美元，现报3694.69美元／盎司。此前，美联储将基准利率下调25个基点至 4.00%-4.25%，符合市场预期。 ...

加拿大银行说，今年早些时候出现的通胀上升势头有所缓和，基础通胀率维持在2.5%左右。 加拿大银行行长蒂夫·麦克勒姆当天在新闻发布会上表示，尽管不确定性依然较大，但由于经济疲软， 通胀上行风险降低，下调政策利率将更好地平衡未来风险。 今年3月，加拿大银行宣布将基准利率下调25个基点至2.75%，4月、6月和7月连续三次维持基准利率不 变。 新华财经渥太华9月17日电（记者林威）加拿大银行（央行）17日宣布将基准利率下调25个基点至 2.5%。 （文章来源：新华社） 加拿大银行表示，美国对加拿大加征关税带来的贸易不确定性严重影响经济活动。加拿大今年二季度国 内生产总值下降约1.5%，出口下降27%。未来几个月，人口增长缓慢和劳动力市场疲软可能会对家庭支 出造成压力。 ...