据报道，司法部律师已向相关方发出传票，以调查库克是否在房贷申请中存在欺诈行为。 美国司法部已对美联储理事库克涉嫌房贷欺诈展开刑事调查。此举发生在库克就特朗普总统对其罢免行 为提起诉讼、案件正在法院审理之际，进一步加剧了白宫与美联储之间的紧张关系。 一些专家认为，这种行为是一种"法律战"，特朗普及其盟友正利用职权打击政敌，进一步扰乱政治和金 融体系的平衡。 责任编辑：栎树 库克由拜登总统于2022年任命，任期长达14年，至2038年结束。她是美联储历史上首位非裔女性理事。 案件目前由美国联邦地区法官Jia Cobb审理，预计将加速审理进程，最终可能提交至最高法院裁决。 特朗普对白宫与美联储的关系一直持对抗态度，试图削弱央行的独立性。今年早些时候，特朗普曾威胁 罢免美联储主席鲍威尔，理由是其未能及时降息，但在投资者强烈反对后暂时收回此举。 特朗普还曾指控鲍威尔在美联储总部翻新工程中存在"欺诈行为"，该项目成本超出预期，引发市场争 议。 此次对库克的调查，是司法部今年第三次针对民主党或民主党任命官员发起的房贷欺诈调查。此前，美 国司法部长邦迪已任命特别检察官，调查白宫对白加州参议员Adam Schiff和纽约州总检 ...

Group 1 - The core viewpoint is that there is currently no evidence that higher tariffs on imported goods are causing an overall surge in inflation trends, according to New York Fed President Williams [2] - Williams predicts that interest rate cuts will become appropriate over time, although he did not specify the timing or pace of these cuts [2][3] - The labor market has shown signs of cooling due to high interest rates, with significant slowdowns in job growth since May [2][3] Group 2 - Williams expects the unemployment rate to gradually rise to around 4.5% next year due to the combined impact of trade and immigration policies [3] - Short-term inflation rates may spike above 3%, but are projected to decline to 2.5% by 2026 and further to 2% by 2027, aligning with the Fed's inflation target [3] - The path of interest rates post-September meeting remains unclear, with some officials advocating for a series of rate cuts in the next three to six months [4]

Group 1: Sports Industry Development - The State Council issued an opinion to promote the high-quality development of the sports industry, aiming for a total scale exceeding 7 trillion yuan by 2030 and cultivating a number of world-influential sports enterprises and events [2][3]. Group 2: Electronic Information Manufacturing - The Ministry of Industry and Information Technology and the State Administration for Market Regulation released a growth action plan for the electronic information manufacturing industry, targeting an average growth rate of around 7% for major sectors from 2025 to 2026, with an overall annual revenue growth of over 5% [2][3]. - By 2026, it is expected that the revenue scale and export ratio will maintain the top position among 41 industrial categories, with five provinces achieving over 1 trillion yuan in revenue from electronic information manufacturing [2][3]. Group 3: Stock Market and Company Announcements - China Shipbuilding announced that the A-shares of China Heavy Industry will be delisted on September 5, 2025, as part of a stock swap merger [7]. - Agricultural Bank's stock surged over 5%, marking the highest single-day increase since May 2023, with a total market value reaching 2.63 trillion yuan and a year-to-date increase of 47.45% [3][7].

近几个月美国就业增长明显放缓 近几个月来，由于企业应对需求担忧、成本上升以及总统特朗普反复无常的贸易政策带来的持续经济不确定性，招聘活动已明显降温。这给美联储官员带来 了更大压力，要求他们介入并支持日益放缓的劳动力市场。 经济学家预计周五将发布的就业报告将延续疫情以来美国最疲软的就业增长态势，这很可能促使美联储决定降息。 根据对经济学家的调查中值预测，8月份非农就业人数可能增加7.5万人，这将是就业增长连续第四个月低于10万人。失业率预计升至4.3%，为2021年以来的 最高水平。 其他指标和调查也显示劳动力市场正在疲软。周三公布的数据显示，7月份美国职位空缺降至10个月来的最低水平——Evercore ISI的分析师表示，这一数据 使就业报告更难阻止9月份降息。 周四公布的政府数据显示，上周美国失业救济申请人数升至6月以来最高水平。再就业服务机构Challenger， Gray & Christmas的另一份报告显示，招聘计划 降至有记录以来8月份的最弱水平，而计划裁员人数则有所增加。 "劳动力市场基本上处于冻结状态，"Santander US Capital Markets LLC首席美国经济学家斯蒂芬· ...

Group 1 - The State Council issued 20 measures to boost sports consumption and promote high-quality development of the sports industry, aiming for a total scale exceeding 7 trillion yuan by 2030 [4] - The Ministry of Industry and Information Technology and the State Administration for Market Regulation released the "Action Plan for Stable Growth of the Electronic Information Manufacturing Industry for 2025-2026" [5] - The expected average growth rate of the added value of the computer, communication, and other electronic equipment manufacturing industries is around 7% for 2025-2026, with an annual revenue growth rate of over 5% for the electronic information manufacturing industry [6] Group 2 - The semiconductor industry, particularly AI chips, is experiencing significant market fluctuations, with a notable decline in the market value of companies like Cambrian [10][11] - Cambrian's market value dropped by over 100 billion yuan due to a passive adjustment in the sample weight of the Sci-Tech Innovation 50 Index, despite a 4347.82% year-on-year increase in revenue [11] - Huawei launched its new generation of foldable phones starting at 17,999 yuan, capturing a 75% market share in the foldable phone segment [12] Group 3 - The banking sector's performance in the first half of 2025 showed improvement, with profit and revenue growth benefiting from financial policies and a recovering capital market [19] - The brokerage sector is seeing active interest from funds, with significant gains in stocks like Pacific Securities and Huayin Securities [19] - The consumer sector, represented by retail stocks, is showing resilience, with companies like Guofang Group and Bubugao experiencing stock price increases [19]

Group 1 - The upcoming employment report is expected to show the weakest job growth in the U.S. since the pandemic, potentially prompting the Federal Reserve to consider interest rate cuts [1][5] - Economists predict a non-farm payroll increase of only 75,000 jobs in August, marking the fourth consecutive month of job growth below 100,000 [1][4] - The unemployment rate is anticipated to rise to 4.3%, the highest level since 2021 [1] Group 2 - Recent months have seen a significant slowdown in U.S. job growth due to companies facing demand concerns, rising costs, and economic uncertainty stemming from trade policies [2][3] - The labor market is described as being in a "frozen" state, with businesses pausing hiring decisions until the economic situation becomes clearer [3] - Job growth in August is expected to be concentrated in a few sectors, particularly healthcare, leisure, and hospitality [3] Group 3 - The July employment report indicated a downward revision of job growth, altering perceptions of the labor market among economists and policymakers [4] - There are concerns about the integrity of U.S. employment data following significant revisions, which may suggest a more prolonged weakness in the labor market [4] Group 4 - The Federal Reserve is under increasing pressure to act as labor market conditions weaken, with Chairman Powell expressing openness to interest rate cuts [5][6] - Other indicators, such as a drop in job vacancies and an increase in unemployment claims, further complicate the outlook for the labor market [5] - Market expectations are leaning towards a 25 basis point rate cut in the upcoming Federal Reserve meeting, although future actions remain uncertain [5] Group 5 - The dual mandate of achieving full employment and stable prices is creating a challenging environment for policymakers, with potential disagreements among Federal Open Market Committee members [6] - The labor market is expected to be a key factor in interest rate decisions in the coming months, with a potential for rapid changes [6]

Group 1 - The conflict between President Trump and Federal Reserve Governor Lisa Cook marks a significant political event, as it is unprecedented for a sitting president to attempt to dismiss a Federal Reserve official [1][3] - The legal basis for Trump's action hinges on allegations of "mortgage fraud," which raises questions about the independence of the Federal Reserve and the legitimacy of political interference in its operations [3][6] - The market is reacting to these political tensions, with a notable inversion in the yield curve indicating concerns over short-term interest rate cuts versus long-term inflation risks [4][9] Group 2 - The independence of central banks is crucial for macroeconomic stability, and any perceived erosion of this independence could have severe implications for both the U.S. and global economies [6] - The legal proceedings initiated by Cook could set a precedent regarding what constitutes "just cause" for dismissing Federal Reserve officials, potentially impacting future political interactions with the central bank [6][7] - Trump's dual strategy of applying pressure both domestically on the Federal Reserve and internationally on the EU reflects a broader approach to economic management, aiming for favorable outcomes in trade and monetary policy [9]

9月4日，中国人民银行发布公告称，为保持银行体系流动性充裕，中国人民银行将于9月5日以固定数量、利率招标、多重价位中标方式开展10000亿元买 断式逆回购操作，期限为3个月（91天）。 | | | | 中国人民纪行 THE PEOPLE'S BANK OF CHINA | | 货币政策司 Monetary Policy Department | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 信息公开 | 新闻发布 | 法律法规 | 货币政策 | 宏观审慎 | 信贷政策 | 金融市场 | 金融稳定 | 调查统计 | 银行会计 | 支付体系 | | | 金融科技 | 人民币 | 经理国库 | 国际交往 | 人员招录 | 学术交流 | 征信管理 | 反洗钱 | 党建工作 | | | 服务互动 | 政务公开 | 政策解读 | 公告信息 | 图文直播 | 央行研究 | 音频视频 | 市场动态 | 网上展厅 | 报告下载 | 报刊年鉴 | | | 网送文告 | 办事大厅 | 在线申报 | 下载中心 | 网上调 ...

Economic Overview - The recent Beige Book indicates that the growth rate of the U.S. economy is below average, with little sign of acceleration [1] - Most Federal Reserve districts reported minimal economic activity growth, with only four districts noting moderate growth [1] Price and Cost Pressures - Tariff policies are causing rising costs across multiple industries, with ten districts reporting moderate price increases and two districts noting significant increases in input prices [1] - The impact of tariffs is particularly pronounced on business input prices, leading many companies to raise prices to offset increased costs [2] Consumer Spending - Consumer spending has remained flat or declined due to rising prices outpacing wage growth, with specific pressure noted from increases in insurance, utilities, and other daily expenses [1][2] Industry Insights - The retail and hospitality sectors are offering promotions to attract price-sensitive consumers, but this has not compensated for the decline in international tourist demand [2] - The automotive industry has seen stable to slight increases in sales, with a growing demand for services related to maintaining older vehicles [2] - Manufacturing companies are shifting towards local supply chains and automation to manage costs amid tariff impacts [2] Labor Market Conditions - Employment levels have shown little change across 11 districts, with one district reporting a slight decline; uncertainty and weak demand have led to hesitance in hiring [2] - A reduction in immigrant labor is contributing to recruitment challenges, with half of the districts noting a decrease in this labor source [2] Economic Outlook - Concerns about a potential economic recession are rising, with UBS estimating a 93% probability of economic weakness based on actual data [3] - Moody's chief economist has also warned that the U.S. is on the brink of recession, echoing similar concerns raised by UBS [3]

Group 1: Open Market Operations - The central bank announced a reverse repurchase operation of 212.6 billion yuan for 7 days at a fixed rate of 1.40% on September 4, with a total bid amount of 212.6 billion yuan and a successful bid amount of 212.6 billion yuan. On the same day, 416.1 billion yuan of reverse repos matured, resulting in a net withdrawal of 203.5 billion yuan [1]. Group 2: Funding Conditions - The central bank has conducted net withdrawals for four consecutive days; however, the interbank funding conditions remain stable, with the overnight repo weighted average rate around 1.30%. The overnight quotes in the anonymous click (X-repo) system also maintain at 1.30%, with supply exceeding 100 billion yuan. Non-bank institutions are borrowing overnight against certificates of deposit and credit bonds, with the latest quotes around 1.45%-1.48% for overnight and 1.46%-1.48% for seven-day funds [3]. Group 3: Interbank Certificates of Deposit - The latest transaction rate for one-year interbank certificates of deposit among major banks is at 1.66%, remaining stable compared to the previous day [6]. Group 4: Bond Market Overview - The yields on major interbank bonds have shown mixed movements, with government bond futures closing mostly higher. The 30-year main contract rose by 0.26%, the 10-year main contract increased by 0.13%, the 5-year main contract went up by 0.06%, while the 2-year main contract fell by 0.01% [10]. Group 5: Policy and Industry Developments - The central bank plans to conduct a 1 trillion yuan reverse repurchase operation on September 5, with a term of 3 months (91 days), to maintain liquidity in the banking system [11]. - The State Council issued an opinion to enhance the sports industry, aiming to cultivate influential sports enterprises and events by 2030, with the total scale of the sports industry expected to exceed 7 trillion yuan. Financial support for the sports industry will be increased, including optimizing financing services and encouraging the issuance of bonds and asset securitization [11]. - The China Securities Association has initiated a quality evaluation for investment banking and bond business, with materials due by September 15, reflecting a systematic and standardized evaluation process [11].