Domestic News:
1. A spokesperson for the Ministry of Commerce answered reporters' questions regarding recent US tariff adjustments: The Ministry will decide on adjusting retaliatory tariffs against the US as needed.
2. Refined oil prices have risen for the third consecutive time, costing approximately 7 yuan more to fill a tank.
3. Huawei's sales revenue is projected to exceed 880 billion yuan by 2025.
4. The Shanghai Gold Exchange adjusted margin levels and price limits for some gold contracts.
5. During the Spring Festival holiday, 596 million domestic trips were made, with total spending exceeding 803.4 billion yuan.
6. The People's Bank of China announced that it will conduct 600 billion yuan of Medium-term Lending Facility (MLF) operations on February 25th, with a one-year term.
7. Li Qiang chaired an executive meeting of the State Council to study relevant work on promoting the development of the silver economy and elderly care services.
8. The Ministry of Commerce added 20 Japanese entities to its watch list and 20 Japanese entities to its export control list.
International News:
1. AMD agreed to sell $60 billion worth of AI chips to Meta. 2. Citrini's AI report triggered stock market volatility; White House economic advisor: pure "science fiction."
3. Sanae Takaichi conveyed concerns about further interest rate hikes during her meeting with the Bank of Japan governor last week.
4. US Presidential Special Envoy Witkov announced that he will visit Geneva on the 26th to meet with Ukrainian negotiating officials.
5. Coinbase launched its stock trading service for all US users, enabling 24/7 trading.
6. Sources: The Trump administration will use AI to set reference prices for key minerals, including germanium, gallium, antimony, and tungsten for the first time.
7. Iran Situation—① The White House reiterated that Trump's primary option remains diplomacy, but military force will be used if necessary. ② Iranian Foreign Minister: Hopes to reach a fair agreement with the US as soon as possible. ③ US military deploys 11 F-22 fighter jets to Israel. ④ Iran conducts military exercises in its southern coastal region.
8. Federal Reserve—① Cook: The AI investment boom may raise the neutral interest rate in the short term. It may be impossible to mitigate the AI-driven unemployment surge without triggering inflation risks. ② Goolsby: Rate cuts are not advisable until there is more evidence that inflation is declining; he is optimistic about further rate cuts this year. ③ Bostic: Even with rising productivity, the Fed still needs to focus on inflation. ④ Collins and Waller expect AI will not cause a dramatic shift in the job market. ⑤ Collins: Current interest rates are likely to be maintained for some time. ⑥ Barkin: Monetary policy is currently well-positioned to address risks; productivity gains are not solely due to AI.
