Group 1 - Federal Reserve Chairman Powell hinted at potential changes in monetary policy based on the upcoming employment data, suggesting that the labor market is "continuously deteriorating" [1] - Powell indicated that the employment and inflation outlook has not changed significantly compared to four weeks ago, despite the government shutdown affecting some economic data releases [1] - There are speculations that Powell may have prior access to the yet-to-be-released September employment report, as indicated by comments from CNBC reporter Steve Liesman [1] Group 2 - Analysts noted that Powell's specific language regarding the labor market and employment growth suggests a potentially negative September employment report [1] - The highly anticipated September non-farm payroll report was originally scheduled for release on October 3 but has been delayed due to the federal government shutdown [1] - The next Federal Reserve monetary policy meeting is set for October 28-29, which may be influenced by the forthcoming employment data [1]

Core Insights - The U.S. government shutdown has led to a scarcity of official economic data releases this week [1] - Several Federal Reserve officials are scheduled to speak ahead of the monetary policy meeting on October 28-29 [1] Group 1 - The new Philadelphia Fed President, Harker, will deliver her first significant speech on Monday and will become a voting member of the FOMC starting January [1] - Federal Reserve Chair Powell is expected to speak on Tuesday afternoon to update his economic and policy views [1] - Newly appointed Fed Governor Milani plans to participate in four different public events on Wednesday and Thursday [1]

Core Points - The U.S. Court of Appeals ruled that Federal Reserve Board member Lisa Cook can remain in her position, rejecting an emergency request from the Trump administration to dismiss her [1] - On the same day, the Senate confirmed Stephen Moore as a new Federal Reserve Board member, replacing the resigned Adriana Kugler, with a narrow vote of 48 to 47 [1] - The Trump administration may appeal to the Supreme Court in an effort to remove Cook before the Federal Reserve's monetary policy meeting scheduled for the next day [1] Summary by Sections - **Lisa Cook's Position**: Cook is the first African American woman to serve on the Federal Reserve Board, nominated by President Biden. She was dismissed by Trump on allegations of mortgage fraud, which she denies, claiming the dismissal was due to disagreements over monetary policy [1] - **Allegations Against Cook**: The allegations involve Cook declaring two properties as her "primary residence" to obtain favorable loan rates. However, local tax authorities in Michigan and Georgia found no evidence of wrongdoing regarding her property declarations [2]

Core Points - The U.S. Court of Appeals has temporarily blocked President Trump's attempt to remove Federal Reserve Governor Lisa Cook from her position, allowing her to continue serving [1] - The Federal Reserve is scheduled to hold a monetary policy meeting from September 16 to 17, where Cook is expected to participate and vote unless the Supreme Court intervenes [1] - The U.S. Senate has confirmed Stephen Milan as a Federal Reserve Governor, filling the vacancy left by Adriana Kugler's resignation in August, with Milan planning to continue his role as Chairman of the White House Council of Economic Advisers during his term [1]

Core Points - The U.S. Court of Appeals rejected President Trump's request to quickly dismiss Federal Reserve Governor Lisa Cook [1] - The court ruled 2-1 that it does not need to address whether Cook's dismissal meets the "reasonable cause" standard at this stage of the case [1] - The Federal Reserve's monetary policy meeting is scheduled for September 16-17, and if the Supreme Court does not rule, Cook will participate and vote [1] Group 1 - The D.C. District Court previously issued a ruling to temporarily block Trump's attempt to remove Cook from her position [1] - The Senate approved Stephen Moore as a member of the Federal Reserve Board with a vote of 48-47, filling the vacancy left by the unexpected resignation of Adriana Kugler [1] - Moore plans to maintain his position as the chair of the White House Council of Economic Advisers while serving on the Federal Reserve Board [1]

Core Points - The U.S. Court of Appeals has ruled to prevent President Trump from dismissing Federal Reserve Governor Lisa Cook before the upcoming Federal Reserve monetary policy meeting [1][2] - Lisa Cook was accused by the Director of the Federal Housing Finance Agency, Bill Pulte, of mortgage fraud related to declaring two properties as her "primary residence" to obtain favorable loan rates [2] - Cook has denied any wrongdoing and filed a lawsuit against her dismissal, which was initially paused by a federal district court [2] Summary by Sections - **Legal Proceedings** - The federal district court ruled on September 9 to suspend Trump's decision to dismiss Cook [2] - Trump’s administration filed an emergency application to overturn this ruling before the Federal Reserve meeting [2] - **Allegations Against Cook** - Bill Pulte publicly accused Cook of mortgage fraud, claiming she misrepresented her properties [2] - Cook's defense includes her assertion that she did not engage in any improper conduct [2] - **Upcoming Federal Reserve Meeting** - The Federal Reserve is scheduled to hold a monetary policy meeting on September 16 and 17, with expectations of a new round of interest rate cuts [2] - Cook is set to participate in this meeting [2]

Core Viewpoint - The U.S. Treasury yields experienced a decline across various maturities, indicating a shift in market sentiment and potential implications for investment strategies [1] Summary by Category Treasury Yields - The 10-year U.S. Treasury yield fell by 2.87 basis points to 4.0356%, with a trading range of 4.0853% to 4.0280% during the day [1] - The 2-year Treasury yield decreased by 2.10 basis points to 3.5347% [1] - The 20-year Treasury yield dropped by 2.84 basis points, while the 30-year yield fell by 2.60 basis points [1] - The 3-year Treasury yield declined by 3.05 basis points, the 5-year yield decreased by 3.12 basis points, and the 7-year yield fell by 3.08 basis points [1] Yield Spread - The yield spread between the 2-year and 10-year Treasury yields decreased by 0.568 basis points, now at +49.885 basis points [1] TIPS Yields - The yield on the 10-year Treasury Inflation-Protected Securities (TIPS) fell by 2.83 basis points [1] - The 2-year TIPS yield increased by 0.64 basis points, while the 30-year TIPS yield decreased by 2.14 basis points [1]

Market Overview - On July 29, U.S. stock indices closed lower, with the Dow Jones Industrial Average down 0.46% to 44,632.99 points, the S&P 500 down 0.3% to 6,370.86 points, and the Nasdaq Composite down 0.38% to 21,098.29 points [2][3] - Major technology stocks mostly declined, with Meta down over 2%, Tesla and Apple down over 1%, while Google gained over 1% [3][4] Oil Prices - International oil prices surged significantly on July 29, with U.S. crude oil futures nearing $70 per barrel, closing with an increase of nearly 4% [10] - Brent crude oil also saw a rise of over 3.5% during the trading session [12] Airline and Banking Stocks - U.S. airline stocks fell across the board, with Southwest Airlines down 4.39%, Delta Air Lines down 1.99%, and United Airlines down 1.93% [4] - Most U.S. bank stocks declined, with Citigroup down 1.10%, Wells Fargo down 0.54%, and Bank of America down 0.52% [5] Chinese Concept Stocks - The Nasdaq Golden Dragon China Index fell by 1.35%, with notable declines in stocks such as Xiaoma Zhixing and Kingsoft, which dropped over 8% [6] - Li Auto experienced significant volatility, initially rising over 6% before closing down more than 6% [7] - Other Chinese stocks like NIO and Xpeng also saw declines of over 2% [9]

Group 1 - The US dollar index continues to weaken, with a decrease of 0.47%, closing at 97.392, indicating potential further declines in August [1] - Investment demand for precious metals is rising as the SPDR Gold Trust has increased its gold holdings by over 10 tons in two consecutive days, while the iShares Silver Trust has added 500 tons in the first two days of the week [1] - Market attention is focused on the upcoming Federal Reserve monetary policy meeting, with expectations of unchanged interest rates but speculation about potential rate cuts in October, which supports gold prices as a hedge during uncertain times [1] Group 2 - Gold prices experienced fluctuations, reaching a high of 3439.0 before retreating to a low of 3418.0, maintaining an upward trend within the hour timeframe [2] - The moving average system indicates a bullish trend for gold, with the 60-period moving average above the 100-period moving average, both showing upward momentum [2] - Oil prices are under pressure, with a potential for a slight breakdown and continued downward movement, suggesting a cautious trading approach [2]

Group 1 - The core viewpoint of the articles highlights a significant increase in gold prices driven by a decline in the US dollar and heightened demand for safe-haven assets, with June 2025 gold futures rising by $96.1 to $3343.5 per ounce, marking a 2.96% increase [1] - Analysts note that the US dollar index fell by 0.2% to 99.828, contributing to the upward movement in gold prices, which are expected to remain above $3000 in the short term [1] - The market is anticipating the results of the Federal Reserve's monetary policy meeting, with expectations that interest rates will remain unchanged, potentially marking the last clear outcome of the year [1] Group 2 - Goldman Sachs reported that gold is expected to outperform silver due to strong central bank demand for gold, which is a structural factor in the rising gold-silver ratio [2] - On the same day, silver futures for July delivery increased by $0.495 to $32.675 per ounce, reflecting a 1.54% rise, although this was lower than the increase in gold prices [2]