Core Viewpoint - The situation represents a significant challenge to the independence of the Federal Reserve by Trump, with the outcome hinging on a court ruling that could set a precedent for presidential intervention in monetary policy [2][3] Group 1 - The Federal Reserve spokesperson emphasized that the terms of board members are fixed by the Federal Reserve Act, and the president can only dismiss them for "just cause" [1] - Lisa Cook, the dismissed board member, has indicated through her lawyer that she will seek judicial review, and the Federal Reserve has committed to comply with any court ruling [1] - Trump has stated he will also abide by the court's decision, indicating a willingness to follow legal processes [1] Group 2 - The Federal Reserve's insistence on resolving the matter through legal channels highlights its commitment to maintaining institutional independence [3] - The final outcome will depend on the court's decision; if Trump prevails, it may set a new precedent for presidential influence over monetary policy [3] - If Cook remains in her position, it would reinforce the independence of the Federal Reserve, but the situation currently adds uncertainty to U.S. monetary policy, potentially affecting market expectations and financial stability [3]

8月26日，据媒体报道，参议院银行委员会预计下周举行Miran的提名听证会。知情人士透露，这场听 证会原本在库克被解雇前就已筹备，但现在被赋予了新的政治意义。 特朗普周一解雇美联储理事库克的举动，使的确认程序变得更加政治化，为民主党议员质疑共和党维护 央行独立性的承诺提供了新机会。一位共和党国会助理表示："现在这就像是一场政治立场较量，一场 对特朗普的公投。" 民主党预计将在Miran确认过程中重点关注美联储独立性问题。布鲁金斯学会高级研究员Aaron Klein指 出："美联储的独立性是由国会创造的。现在是时候看看国会是否会支持美联储的独立性了。" Miran提名听证会面临政治考验 据见闻此前文章，8月初，特朗普通过社交媒体宣布，已选择经济顾问委员会主席Stephen Miran担任美 联储理事，需要得到美国参议院的批准。这项提名仅为填补美联储理事库格勒（Adriana Kugler）即将 于明年1月到期的任期。 如果获得确认，他将担任该职位直至Kugler任期在2026年1月31日到期。据报道，特朗普政府正悄悄游 说参议院共和党人在9月确认他的提名，理想情况下能让他及时参加美联储9月中旬召开的FOMC会议 ...

Core Viewpoint - The article discusses the political maneuvering by former President Trump regarding the Federal Reserve, highlighting concerns over the potential loss of the Fed's independence and the implications for the U.S. economy and global markets [1][7][15]. Group 1: Trump's Actions and Motivations - Trump's attempt to dismiss Federal Reserve Governor Lisa Cook, who was appointed for a 14-year term, is likened to a landlord trying to evict a tenant with a long lease, illustrating the absurdity of his actions [3][5]. - The urgency behind Trump's actions is linked to the upcoming elections, as he seeks to lower interest rates to alleviate housing costs and gain voter support [5][12]. - Trump's desire to replace Fed officials with those aligned with his policies indicates a strategy to exert control over the Fed to implement his economic agenda [5][12]. Group 2: Implications for the Federal Reserve and the Economy - The potential interference in the Fed's operations threatens its independence, which has historically been crucial for maintaining economic stability and managing crises [7][8]. - If the Fed becomes a tool for political agendas, it could lead to market panic, a loss of confidence in the dollar, and increased yields on government bonds, undermining the U.S. economy's credibility [8][10]. - The risk of inflation resurgence is highlighted, as pushing for lower interest rates could reignite inflationary pressures, negatively impacting consumers despite short-term benefits [10][12]. Group 3: Political Calculations and Consequences - Trump's strategy to manipulate the Fed for electoral gain may backfire legally and politically, as courts are likely to uphold the Fed's independence [12][13]. - The public's concern over inflation may overshadow any immediate benefits from lower interest rates, leading to voter dissatisfaction if economic conditions do not improve as expected [12][13]. - The article emphasizes the importance of maintaining the Fed's independence for long-term economic health, warning against the dangers of prioritizing short-term political gains over sound economic policy [15][17].

1. Report Industry Investment Ratings No specific industry - wide investment ratings are provided in the given report. 2. Core Viewpoints of the Report - The short - term macro upward drive is marginally strengthening, with the market focusing on domestic incremental stimulus policies and easing expectations. Attention should be paid to the progress of Sino - US trade negotiations and the implementation of domestic incremental policies [2][3]. - Different asset classes are expected to show short - term range - bound trends, and specific investment strategies vary according to different sectors. 3. Summary by Relevant Catalogs Macro Finance - Overseas: The attempt to remove Fed Governor Cook has raised concerns about central bank independence, leading to a decline in the US dollar index and US Treasury yields, and an increase in global risk appetite. - Domestic: China's economic data in July slowed down and fell short of expectations. Policy stimulus has been strengthened, and the short - term external risk uncertainty has decreased while domestic easing expectations have increased, resulting in an overall increase in domestic risk appetite. - Asset Recommendations: Stocks are expected to oscillate strongly at a high level in the short term, and short - term cautious long positions are recommended; bonds are expected to oscillate at a high level, and cautious observation is advised; commodities in different sectors are generally expected to oscillate in the short term, and cautious observation is recommended [2]. Stock Index - Affected by sectors such as rare earth concepts, biomedicine, and small metals, the domestic stock market declined slightly. - With the strengthening of policy stimulus, the reduction of short - term external risk uncertainty, and the increase in domestic easing expectations, the short - term macro upward drive is marginally strengthening. Short - term cautious long positions are recommended [3]. Precious Metals - Gold prices are supported in the short term due to increased concerns about independence, rising risk of stagflation, and strengthened rate - cut expectations. However, attention should be paid to the Fed's attitude changes, and the market focus is on the upcoming US PCE data [4][5]. Black Metals - **Steel**: The spot and futures markets of steel continued to be weak. Demand was weak, inventory increased, and supply was expected to decline in the future. With strong cost support, a range - bound approach is recommended in the short term [6]. - **Iron Ore**: The spot and futures prices of iron ore declined. With strong northern production - restriction expectations, cautious procurement by steel mills, and increasing supply pressure, a range - bound approach is expected in the short term [6]. - **Silicon Manganese/Silicon Iron**: The spot prices were flat, and the futures prices declined slightly. Supply in some regions was increasing, but there were potential production - cut plans. A range - bound approach is recommended in the short term [7][8]. - **Soda Ash**: There is a situation of high supply, high inventory, and weak demand. The supply - side contradiction is the core factor suppressing prices. It is expected to oscillate in a range in the short term [9]. - **Glass**: Supply is stable, demand is difficult to increase significantly, and it is expected to oscillate in a range in the short term under the boost of real - estate news [9]. Non - ferrous Metals and New Energy - **Copper**: The impact of Trump's attempt to remove Cook on the copper market is expected to be small in the short term, and domestic demand is expected to weaken marginally [10][11]. - **Aluminum**: The price declined slightly. The fundamentals changed little, and it is expected to oscillate in the short term with limited upward space [11]. - **Aluminum Alloy**: The supply of scrap aluminum is tight, production costs are rising, and demand is weak. It is expected to oscillate slightly stronger in the short term with limited upward space [11]. - **Tin**: Supply is expected to be relatively loose in the long term, and demand is weak. It is expected to oscillate in the short term, with limited upward space [12]. - **Lithium Carbonate**: After the previous sentiment subsided, it is expected to oscillate in a wide range, with a short - term bearish and long - term bullish outlook [13]. - **Industrial Silicon**: It is expected to oscillate in a range, considering the high - level oscillation of black metals and polysilicon [13]. - **Polysilicon**: It is facing a game between strong expectations and weak reality, and is expected to oscillate at a high level in the short term [14]. Energy and Chemicals - **Crude Oil**: Concerns about the Fed's independence and the potential impact of US tariffs on India's oil imports have affected oil prices. There is still some support for oil prices in the near term [16]. - **Asphalt**: Supported by anti - involution in the petrochemical industry and rising crude oil prices, but with limited inventory reduction, it is expected to remain weakly oscillating in the near term [16]. - **PX**: It is in a tight situation in the short term and is expected to oscillate while waiting for changes in PTA device operations [16]. - **PTA**: Driven by capacity adjustments and increased downstream demand, it is expected to maintain a relatively strong oscillating pattern in the short term [17]. - **Ethylene Glycol**: Port inventory has decreased slightly. Supported by downstream demand recovery, but facing supply pressure, short - term buying on dips should pay attention to crude oil cost fluctuations [18][19]. - **Short - fiber**: Driven by sector resonance, its price increased slightly. It is expected to follow the polyester sector and may be shorted on rallies in the medium term [19]. - **Methanol**: The fundamentals are showing marginal improvement, but the oversupply situation remains. It is expected to oscillate in price [19]. - **PP**: Supply pressure is increasing, but there is policy support. The 09 contract is expected to oscillate weakly, and the 01 contract should focus on peak - season inventory - building [19]. - **LLDPE**: Supply pressure remains, and demand shows signs of turning. The 09 contract is expected to oscillate weakly, and the 01 contract should focus on demand and inventory - building [19]. Agricultural Products - **US Soybeans**: The selling pressure of US Treasuries has increased, and the weakening of the US dollar has provided some support to commodities. The expected Sino - US trade negotiations have boosted the export sales expectations of US soybeans [20]. - **Soybean and Rapeseed Meal**: The pressure of continuous inventory accumulation of domestic soybean and soybean meal in oil mills has eased. Rapeseed meal still has the basis for upward fluctuations. Attention should be paid to the development of Sino - Canadian trade relations [21]. - **Oils**: Rapeseed oil inventory is decreasing, and the supply is expected to shrink; soybean oil is expected to have a low - valuation price - increase market; palm oil is expected to enter an oscillating phase [21]. - **Corn**: The national corn price is running weakly. The futures price has entered a relatively low - valuation range, and there is a low possibility of breaking through the previous range [21]. - **Pigs**: The weight of pigs has declined, and the second - fattening market is cautious. The market's pessimistic sentiment about the fourth - quarter outlook has increased [22].

市场已对美联储独立性危机形成"肌肉记忆"，"特朗普解职库克"的新闻传出后，市场反应与7月16日"特 朗普解职鲍威尔"的"膝跳反射"如出一辙。美债曲线陡峭化、美股期货和美元指数下跌、黄金上涨。库 克通过律师做出回应后，市场反应有所平复，该事件结果尚需美国法律程序裁决，中信证券认为鲍威尔 任内美联储独立性尚能维持。 （文章来源：新华财经） 新华财经北京8月27日电中信证券研报称，预计"特朗普解职库克"的案件可能最终会诉诸美国最高法 院，在法律程序进行中库克预计能保留其美联储理事职务。 ...

Core Viewpoint - The article discusses the potential negative consequences of former President Trump's attempts to influence the Federal Reserve's interest rate decisions, which could undermine the Fed's independence and exacerbate inflation, contrary to his campaign promises to combat it [1][2]. Economic Overheating Risks - Artificially lowering interest rates may lead to economic overheating and increased inflation, which is the very issue Trump aims to address. Low borrowing costs can stimulate demand excessively, resulting in too many dollars chasing too few goods, a situation that contributed to inflation reaching a 40-year high post-COVID-19 [2]. Mortgage Rate Concerns - If investors become concerned about the Fed's independence and its commitment to controlling inflation, market panic could ensue. This could lead to higher long-term interest rates, including mortgage rates, which are already around 7%, worsening the housing affordability crisis [3]. Historical Lessons from Nixon - Historical precedents show that interference with central banks can lead to disastrous outcomes. President Nixon pressured the Fed to adopt expansionary monetary policies before the 1972 election, resulting in runaway inflation that peaked above 13% by 1980, leading to a period known as "stagflation" [4]. Lessons from Erdogan's Turkey - The recent experience of Turkey under President Erdogan, who dismissed the central bank governor and pressured for rate cuts, resulted in a currency collapse and inflation exceeding 80%. This serves as a cautionary tale about the dangers of political interference in central banking [5].

美联储发言人于26日发布声明回应称，美联储系统由国会设立，旨在履行其法定使命——包括促进最大 就业、物价稳定和良好运作的金融体系。国会通过《联邦储备法》规定，理事须任满长期、固定的任 期，总统仅能在"有正当理由"的情况下予以罢免。理事的长期任期和免遭随意罢免的保护，是重要的保 障，确保货币政策决策基于数据、经济分析，以及美国人民的长期利益。美联储将继续依法履行其职 责。和以往一样，美联储将遵守任何法院裁决。美联储重申其对透明度、问责制和独立性的承诺，服务 于美国的家庭、社区和企业。 库克的律师26日表示："特朗普总统无权解雇美联储理事丽莎·库克。他试图仅凭一封转介信解雇她，既 没有事实依据，也没有法律依据。我们将提起诉讼，挑战这一非法行为。" 新华财经北京8月27日电因美国总统特朗普解雇美联储理事库克掀起风波，美国国债收益率周初陷入震 荡，至周二（8月26日）尾盘时段，较上周五变动不大。其中，10年期美债收益率26日下跌2个基点，报 4.25%，完全回吐前一日涨幅；2年期美债收益率跌4个基点，报3.68%，前一日上涨3个基点。 美国总统特朗普于25日以涉嫌住房抵押贷款欺诈为由解雇美联储理事莉萨·库克。库克回应 ...

一名共和党国会助手在谈及米兰提名时表示："现在这更像是一场政治立场的表态，也是对特朗普的一 次'公投'。提名这件事本身已经脱离了被提名者的掌控。" （文章来源：新华财经） 这场听证会早在特朗普对库克采取行动前就已在筹备中，目前尚未正式宣布。该听证会将考验共和党人 对特朗普激进重塑美联储计划的支持程度，同时也将为民主党人提供新的契机，向共和党议员施压，要 求其表明对维护美联储独立性的立场。 新华财经北京8月27日电据Politico报道，两名知情人士透露，美国参议院银行委员会预计将于下周就美 联储（临时）理事提名人米兰名举行听证会。 ...

Report Industry Investment Rating No relevant content provided. Core Views of the Report The report provides a comprehensive analysis of various financial and commodity markets, including macro - strategies, agricultural products, black metals, non - ferrous metals, and energy chemicals. It evaluates market trends, influencing factors, and offers corresponding investment suggestions based on different market segments. Summary by Catalog 1. Financial News and Reviews 1.1 Macro Strategy (Foreign Exchange Futures - US Dollar Index) - **News**: Trump's potential removal of Fed governors may affect the Fed's independence, and the US housing price growth in June 2023 was the slowest since 2023 [11][12]. - **Review**: Trump's actions pose a challenge to the Fed's independence, putting downward pressure on the US dollar index [13]. - **Investment Suggestion**: The US dollar index faces downward pressure [14]. 1.2 Macro Strategy (US Stock Index Futures) - **News**: The US consumer confidence index in August fell slightly to 97.4, and the Fed responded to Trump's attempt to fire a governor [15][16]. - **Review**: If Trump successfully fires the governor and nominates a dovish official, market expectations of interest - rate cuts will rise, and US stocks may perform well [18]. - **Investment Suggestion**: Interest - rate cut trading continues to support market risk appetite, and US stocks are expected to fluctuate strongly [19]. 1.3 Macro Strategy (Stock Index Futures) - **News**: The State Council promotes high - quality development of service trade, and China will implement the "Artificial Intelligence +" action [20][21]. - **Review**: The A - share market sentiment has cooled slightly, but there is still upward momentum from the perspective of sentiment and capital [21]. - **Investment Suggestion**: Hold long positions in stock index futures [22]. 1.4 Macro Strategy (Treasury Bond Futures) - **News**: The 17th meeting of the 14th National People's Congress Standing Committee will be held from September 8th to 12th, and the central bank conducted a 405.8 - billion - yuan 7 - day reverse repurchase operation [23][24]. - **Review**: The bond market is mainly in a volatile state, and it is difficult to have a sustainable upward trend without special circumstances [26]. - **Investment Suggestion**: Be cautious with unilateral long positions; consider using long bond positions to hedge potential stock price corrections [26]. 2. Commodity News and Reviews 2.1 Agricultural Products (Soybean Oil/Rapeseed Oil/Palm Oil) - **News**: Malaysia's palm oil production decreased in August, the US may exempt tariffs on Indonesian palm oil, and Malaysia seeks tax exemption for palm oil raw materials [27][28]. - **Review**: The oil market is in a weak and volatile state, and the impact of production changes is not significant [29]. - **Investment Suggestion**: The oil market is in a volatile state, and it is recommended to buy on dips [30]. 2.2 Black Metals (Coking Coal/Coke) - **News**: The price of metallurgical coke in Lvliang is strong, and some coking enterprises have proposed an 8th - round price increase [31]. - **Review**: The coking coal futures may adjust in the short term, but there is strong support below [32]. - **Investment Suggestion**: The futures price has short - term adjustment pressure, but strong support after adjustment [33]. 2.3 Agricultural Products (Sugar) - **News**: Pakistan initially bought 30,000 tons of sugar, India urged the sugar industry to reach a consensus on export quotas, and Brazil's sugar exports in August increased slightly [34][35][36]. - **Review**: Zhengzhou sugar futures fell due to factors such as approaching delivery and weak market sentiment [36]. - **Investment Suggestion**: Pay attention to the opportunity of going long on the 1 - month contract after a correction, with a target price of around 5,500 yuan/ton [37]. 2.4 Black Metals (Rebar/Hot - Rolled Coil) - **News**: The daily output of key steel enterprises in mid - August increased, and the national construction machinery start - up rate in July was 44.43% [38][39]. - **Review**: Steel prices continued to fluctuate downward, and the market sentiment was slightly weak [39]. - **Investment Suggestion**: Adopt a volatile trading strategy for steel prices [40]. 2.5 Agricultural Products (Pigs) - **News**: Aonong Bio's net profit in the first half of 2025 was 361 million yuan [41]. - **Review**: Near - month pig futures have limited rebound space, and there is a safety margin for the reverse spread structure [41]. - **Investment Suggestion**: Hold a short - term volatile view on the single - side, and pay attention to reverse spread opportunities [41]. 2.6 Agricultural Products (Red Dates) - **News**: The growth of red dates in Xinjiang is normal, and the futures price of the main contract is slightly up [42]. - **Review**: The supply and demand of red dates are weak, and there is uncertainty in production [43]. - **Investment Suggestion**: Adopt a wait - and - see strategy and focus on weather and research results [43]. 2.7 Agricultural Products (Corn Starch) - **News**: Corn starch continues to be weak in both production and sales areas [44]. - **Review**: The spot price of starch is weak, and the CS11 - C11 spread is under pressure [44]. - **Investment Suggestion**: Pay attention to the opportunity of widening the spread [44]. 2.8 Agricultural Products (Corn) - **News**: The growth of new - season corn in Henan is basically normal, with some local drought [45]. - **Review**: Corn futures fluctuate around 2,150 yuan/ton, and attention should be paid to new - crop production [46]. - **Investment Suggestion**: Hold short positions and 11 - 3 reverse spreads, and pay attention to 11 - 1 reverse spreads if the spread strengthens [46]. 2.9 Black Metals (Steam Coal) - **News**: The price of steam coal in Beigang was stable on August 26 [47]. - **Review**: The seasonal pressure on coal prices is increasing, and prices are expected to be weak [48]. - **Investment Suggestion**: Coal prices are expected to remain seasonally weak [48]. 2.10 Black Metals (Iron Ore) - **News**: The scale of the air - conditioning market from January to July reached 172 billion yuan [49]. - **Review**: Iron ore prices are in a weak and volatile state, and the impact of short - term factors on iron ore is limited [49]. - **Investment Suggestion**: Iron ore prices are expected to continue weak and volatile with limited decline [49]. 2.11 Non - Ferrous Metals (Lead) - **News**: Tibet Summit's metal production increased significantly in the first half of the year, and the US may add lead to the key minerals list [50][51]. - **Review**: Lead prices fluctuated upward, but there are concerns about supply and demand [51]. - **Investment Suggestion**: Adopt a wait - and - see strategy in the short term [53]. 2.12 Non - Ferrous Metals (Zinc) - **News**: Tibet Summit's metal production increased significantly in the first half of the year [54]. - **Review**: Zinc prices may fluctuate due to the influence of macro and fundamental factors [55]. - **Investment Suggestion**: Adopt a wait - and - see strategy for single - side trading, and pay attention to mid - line positive spread opportunities [55]. 2.13 Non - Ferrous Metals (Polysilicon) - **News**: Tongwei sold 161,300 tons of polysilicon in the first half of the year, and there were new developments in photovoltaic project component procurement [56][57]. - **Review**: The price of polysilicon is expected to rise, but there are concerns about over - supply [58]. - **Investment Suggestion**: Adopt a bullish view on dips for single - side trading, and pay attention to the 11 - 12 reverse spread opportunity at around - 2,000 yuan/ton [59]. 2.14 Non - Ferrous Metals (Industrial Silicon) - **News**: The US may add industrial silicon to the key minerals list [60]. - **Review**: The fundamentals of industrial silicon are weakening, but the price may be affected by other factors [61]. - **Investment Suggestion**: Pay attention to the production resumption of large factories and trade within the range of 8,200 - 9,500 yuan/ton [61][62]. 2.15 Non - Ferrous Metals (Lithium Carbonate) - **News**: Galan plans to start production of a lithium project in Argentina in the first half of 2026 [63]. - **Review**: The short - term inventory reduction may support the price, but there is supply uncertainty [64]. - **Investment Suggestion**: Pay attention to the opportunity of going long on dips and positive spreads [64]. 2.16 Non - Ferrous Metals (Nickel) - **News**: Indonesia's sovereign wealth fund signed a framework agreement with GEM to develop a green nickel processing center [65]. - **Review**: Nickel prices may be affected by factors such as inventory and supply - demand [66]. - **Investment Suggestion**: Pay attention to short - term trading opportunities and mid - line short - selling opportunities [67]. 2.17 Non - Ferrous Metals (Copper) - **News**: The US may add copper to the key minerals list, and there are developments in copper mining projects [68][69][70]. - **Review**: Copper prices are in a high - level volatile state, and the short - term upward trend is not obvious [71]. - **Investment Suggestion**: Adopt a short - term long - on - dips strategy for single - side trading and a wait - and - see strategy for spreads [71]. 2.18 Energy Chemicals (Crude Oil) - **News**: API crude oil and refined product inventories decreased [72]. - **Review**: Oil prices are in a range - bound state, waiting for new drivers [72]. - **Investment Suggestion**: Maintain range - bound trading and wait for new drivers [73]. 2.19 Energy Chemicals (Carbon Emissions) - **News**: The closing price of CEA on August 26 was 69.69 yuan/ton [73]. - **Review**: The carbon market price is in a narrow - range volatile state [73]. - **Investment Suggestion**: CEA prices are expected to fluctuate in the short term [74]. 2.20 Energy Chemicals (Caustic Soda) - **News**: The price of caustic soda in Shandong was stable on August 26 [75]. - **Review**: The price of caustic soda is expected to remain high, but the upward space is limited [77]. - **Investment Suggestion**: Be cautious when chasing high prices [77]. 2.21 Energy Chemicals (Pulp) - **News**: The price of imported wood pulp showed mixed trends [78]. - **Review**: The fundamentals of pulp are weak, and the price is expected to fluctuate [78]. - **Investment Suggestion**: The pulp market is expected to fluctuate [79]. 2.22 Energy Chemicals (PVC) - **News**: The price of PVC powder decreased slightly [80]. - **Review**: The fundamentals of PVC are weak, but the price is expected to fluctuate [80]. - **Investment Suggestion**: The PVC market is expected to fluctuate in the short term [80]. 2.23 Energy Chemicals (Bottle Chips) - **News**: The export price of bottle chips was partially raised [81]. - **Review**: The inventory of bottle chips is decreasing, but attention should be paid to new capacity [83]. - **Investment Suggestion**: Pay attention to the impact of new capacity on processing fees [83]. 2.24 Energy Chemicals (PTA) - **News**: A 2.5 - million - ton PTA plant in East China will be under maintenance [84]. - **Review**: The short - term supply - demand pattern of PTA has improved, and the price is expected to be strong [84]. - **Investment Suggestion**: Adopt a short - term long - on - dips strategy [85]. 2.25 Energy Chemicals (Styrene) - **News**: A 500,000 - ton/year styrene plant in Shandong is under maintenance [86]. - **Review**: The situation of styrene in September has improved marginally, but there may be pressure in the fourth quarter [87]. - **Investment Suggestion**: Pay attention to policy variables at home and abroad [87]. 2.26 Energy Chemicals (Soda Ash) - **News**: The production of a 5 - million - ton/year soda ash plant in Inner Mongolia is reduced [88]. - **Review**: The price of soda ash is weak, and the market sentiment is not strong [88]. - **Investment Suggestion**: Adopt a short - selling strategy on rallies and pay attention to supply - side disturbances [88]. 2.27 Energy Chemicals (Float Glass) - **News**: The price of float glass in Shahe was stable on August 26 [89]. - **Review**: The glass market is in a volatile state, and the demand improvement is limited [89]. - **Investment Suggestion**: Be cautious with single - side trading and focus on spread trading [90]. 2.28 Shipping Index (Container Freight Rate) - **News**: Premier Alliance adjusted its shipping routes [91]. - **Review**: The spot freight rate is weak, and the supply - demand situation is not optimistic [92]. - **Investment Suggestion**: The 10 - month contract will test the support level of 1,300 yuan/FEU [92].

据华尔街经济学家和分析师称，美国总统特朗普史无前例地试图解雇美联储理事丽莎·库克（Lisa Cook），这一事件很可能最终交由美国最高法院（SCOTUS）裁决。 马库斯称，短期内，库克将申请针对特朗普行动的禁令，哥伦比亚特区联邦地区法院很可能批准这一请 求。这将维持美联储现状，直至最高法院作出裁决。 特朗普的掌控美联储之路 TD Cowen政策分析师贾勒特·塞伯格（Jaret Seiberg）周二表示，如果特朗普成功在年底前迫使库克离 职，他将在明年1月美联储投票选举地区联储主席前，逐步获得理事会多数席位。 特朗普提名的库克继任者将与美联储副主席米歇尔·鲍曼（Michelle Bowman）、理事克里斯·沃勒 （Chris Waller）——以及预计将填补阿德里亚娜·库格勒（Adriana Kugler）本月辞职后空缺的提名人斯 蒂芬·米兰（Stephen Miran）——组成新阵容。 "总统的人可能会否决地区联储主席的人选，转而支持支持低利率的候选人。"塞伯格称，"这将面临障 碍，但一旦成功，特朗普将对联邦公开市场委员会（FOMC）和利率政策拥有更大影响力。" 特朗普于当地时间周一晚间宣称，以"正当理由"立 ...