Core Insights - Federal Reserve Chairman Jerome Powell indicated that the balance sheet reduction plan may end in the coming months due to rising overnight financing rates, prompting a reassessment of quantitative tightening (QT) progress [2] - The latest Beige Book report from the Federal Reserve shows that overall economic activity in the U.S. has remained stable, with mixed growth across different regions [2] - Bank of Japan (BOJ) Deputy Governor Shinichi Uchida stated that the BOJ will continue to raise interest rates if economic and price trends meet expectations, with a potential increase to 0.75% expected by January [2] Economic Indicators - The U.S. economy is experiencing slight declines in consumer spending and weakened labor demand, with some companies laying off workers due to soft demand and increased investment in artificial intelligence [2] - Wage growth across regions has been moderate, while prices continue to rise due to increased import costs, higher service spending, and tariff impacts [2] - Key upcoming events include China's Q3 GDP release on October 20, a Federal Reserve meeting on payment innovations on October 21, and the U.S. September CPI release on October 24 [3]

据 WSJ，美联储主席 Jerome Powell 在讲话中表示，资产负债表缩减计划可能在未来几个月结束，原因 是近期多个隔夜融资利率走强，促使美联储重新评估 QT 的进展。Powell 还警告称，若国会撤销银行准 备金利息支付机制（Interest on Reserves, IOR），美联储可能失去对短期利率的有效控制，进而被迫在 短时间内大规模抛售国债或抵押贷款支持证券（MBS），对市场稳定构成威胁。 （来源：吴说） 来源：市场资讯 ...