The minutes cover the Fed's Sept. 16-17 policy meeting, where officials lowered rates by a quarter percentage point and signaled two more cuts by year-end. ...

After holding steady for much of 2025, the U.S. Federal Reserve finally instituted the first rate cut of 25 basis points, which could help jumpstart more mergers and acquisitions (M&A) activity. Likew... ...

Market Overview - The current market is well-priced but not exuberant, with investors focused on three key areas: moderating inflation, global earnings growth driven by AI and technology, and government regulatory easing [1] - A potential rally in the market could occur if these areas continue to show positive surprises [1] - Investors are also monitoring the rebound in emerging markets, particularly China, as global demand is significantly sourced from these regions [1] Private Markets Insights - There are indications of overpaying in private markets, suggesting a cautious approach to valuations [2] - The excitement around AI is reminiscent of the early automotive industry, where many companies emerged but only a few succeeded [3][4] - The app layer of AI presents challenges in predicting winners, leading to high valuations that may not be sustainable [5] Government Impact - The potential government shutdown could complicate the SEC's operations and delay IPOs, although historical data suggests minimal impact on stock markets during past shutdowns [6][7][8] - Investors are adopting a wait-and-see approach regarding the shutdown's duration and severity, reflecting a cautious stance [9] Investment Strategy - The company has a significant portion of its assets in private markets, with a current allocation of approximately 40-45%, aiming to increase private equity exposure from 12% to 20% [11][12] - The strategy emphasizes a low-cost passive approach in public markets while seeking outperformance through selective investments in private markets [12][13] - Engaging in direct co-investment activities is a priority, focusing on thematic deal sourcing and selection [13]

Market Overview - U.S. stocks experienced an upward trend, with the Dow Jones index increasing by over 250 points, closing at 46,213.26, a rise of 0.58% [1] - The NASDAQ rose by 0.31% to 22,455.17, and the S&P 500 gained 0.47% to 6,636.07 [1] - Energy shares saw a notable increase of 1%, while consumer staples stocks fell by 0.3% [1] Inflation and Economic Indicators - The Personal Consumption Expenditures (PCE) price index, the Federal Reserve's preferred inflation gauge, rose by 2.7% year-over-year in August, slightly above July's 2.6% [2][3] - Monthly PCE inflation accelerated to 0.3% in August, up from 0.2% in July [3] - Personal spending in the U.S. increased by 0.6% month-over-month to $21.112 trillion in August, surpassing market estimates [13] - U.S. personal income rose by 0.4% month-over-month to $26.280 trillion in August, also above market expectations [13] Commodity Market - Oil prices increased by 0.7% to $65.44, while gold rose by 0.5% to $3,789.00 [6] - Silver saw a rise of 1.4% to $45.725, whereas copper fell by 0.7% to $4.7240 [6] European Market Performance - European shares showed positive performance, with the eurozone's STOXX 600 gaining 0.8% [7] - Spain's IBEX 35 Index rose by 1.1%, London's FTSE 100 increased by 0.8%, Germany's DAX 40 gained 0.8%, and France's CAC 40 climbed by 0.9% [7] Company-Specific Movements - MEDIROM Healthcare Technologies Inc. shares surged by 155% to $3.74 following the announcement of expansion plans [9] - bioAffinity Technologies, Inc. saw a 92% increase in shares to $6.57 after releasing additional case studies [9] - Datavault AI Inc. shares rose by 50% to $1.2510 after securing a $150 million investment in Bitcoin [9] - Pop Culture Group Co., Ltd shares dropped by 52% to $0.9802 due to a registered direct offering [9] - Kuke Music Holding Limited shares fell by 31% to $0.8111 after acquiring a controlling interest in Naxos Music Group [9] - Lexaria Bioscience Corp. shares decreased by 27% to $1.11 following a registered direct offering announcement [9] Asian Market Performance - Asian markets closed lower, with Japan's Nikkei 225 falling by 0.87%, Hong Kong's Hang Seng declining by 1.35%, China's Shanghai Composite down by 0.65%, and India's BSE Sensex falling by 0.90% [10]

8月份企业信贷增长从7月份的2.8%加快至3.0%，达到2023年年中以来的最高水平，而家庭贷款增长从 2.4%上升至2.5%，为2023年4月以来的最高水平。 智通财经APP获悉，欧洲央行周四公布的数据显示，8月份欧元区银行信贷增长继续加速，创下多年新 高，原因是利率下降促进了信贷流动。 欧洲央行在截至6月份的一年中将利率下调了200个基点，寄望于更廉价的信贷能提振该地区的投资和支 出。多年来，该地区的经济增长一直乏善可陈。 与此同时，衡量欧元区货币流通量的M3指标增长了2.9%，低于3.3%的预期，这部分反映了欧洲央行资 产负债表的稳步缩减。M3指标通常是衡量未来经济活动的指标。 ...

按照市场普遍算法： | 指定儲蓄保險計劃 | 預繳保費期 | 預繳保費保證優惠年利率 | | | --- | --- | --- | --- | | | | 基本計劃的年繳保費 | | | | | 少於200,000美元 | 200,000美元或以上 | | · 「盈得多元貨幣計劃3」 · 環宇 · 諸蓄保險計劃 | 1年 (註:投保時須繳付2年的總保費, 其中包括首年保費及1年預繳保費。) | | 5.0% | | (只限5年保費繳付期之美元保單) | 4年 | | | | | (註：投保時須繳付5年的總保費, | 4.3% | 公公司 - 基礎建言 | | | 其中包括首年保費及4年預繳保費。) | | | 以 "20 万美元 * 5 年缴" 的投保方案为例，若采用预缴方式且满足保费20万美元以上条件，预缴部分享受4.7%保证利率，最终能收获103,151美元预缴总利 息，这一数字约为首年保费的51.5%。 但要是10月优惠取消，投保人将眼睁睁看着10万多美元收益 "打水漂"。 背后原因，主要源于美联储降息预期。 9月美联储降息已板上钉钉，市场普遍预期年底前还会有两次降息。 这条看似遥远的传导链，最终会触 ...

Group 1 - A reduction in interest rates could improve conditions in the housing market and lead to greater sales growth for Opendoor [1] - Opendoor Technologies has seen a significant stock increase of 500% this year, but recent trends indicate investor caution regarding its valuation [1][2] - The Federal Reserve has announced interest rate cuts, with a 92% probability of further cuts in October and an 80% chance in December, potentially lowering the target rate to between 3.50% and 3.75% [4][5] Group 2 - Lower interest rates can make borrowing cheaper, which is beneficial for companies like Opendoor that are looking to grow and manage cash flow [6] - Low interest rates may shift investor focus towards stocks like Opendoor, as they seek higher returns compared to other investments [6] - While lower interest rates could stimulate the real estate market, rising costs in other areas may still hinder affordability for potential homebuyers [9][10] Group 3 - Opendoor's gross profit margin is low, with a gross profit of $227 million on revenue of $2.7 billion, indicating that a significant portion of revenue is consumed by costs [11] - The company remains unprofitable, with a net loss of $114 million over the past two quarters, raising concerns about its financial health [11] - Despite potential short-term gains from interest rate cuts, the long-term investment outlook for Opendoor is questionable due to its poor margins and lack of profitability [12][13]

Key Points Regional banks can benefit from falling interest rates as deposit costs typically adjust downward faster than loan yields. Lower rates also stimulate borrowing demand, boosting loan growth. Regional banks that struggled amid higher interest rates could see their margins recover faster if funding costs come down. 10 stocks we like better than SPDR Series Trust - SPDR S&P Regional Banking ETF › On Sept. 18, the Federal Reserve cut its benchmark interest rate by 0.25%. It was the centra ...

美联储理事米兰表示，他预计未来几个月利率将继续下调。 来源：滚动播报 ...

(Bloomberg) — The Federal Reserve poured fresh fuel on the Wall Street rally this week, pushing September toward the broadest cross-asset surge since the 2021 frenzy — with fear in retreat and greed unleashed. Most Read from Bloomberg An interest-rate cut meant to cushion the weakening labor market might once have sparked caution. Instead, it lit a fire under the risk complex, with the likes of junk bonds and shares of unprofitable tech firms advancing. Global equities hit record highs, while credit sp ...