Domestic News:
1. Wang Yi holds talks with Iranian Foreign Minister Araqchi.
2. CATL will respond soon to rumors that automakers have chosen other suppliers.
3. The "15th Five-Year Plan for Cultural and Tourism Development" has been issued, outlining eight key tasks.
4. State Grid Corporation of China releases several measures to create a modern electricity business environment to empower high-quality economic and social development.
International News:
1. The Federal Reserve's September meeting: unanimously approved a 25 basis point rate hike, stating that this move will support a more timely return of inflation to the target; the 2026 dot plot has shifted significantly upward, with 16 officials predicting that additional rate hikes will be needed this year, and a median of 4.1% indicating another rate hike this year, with the median for 2027 also at 4.1%; Warsh stated that inflation is too high and has persisted for too long, and this action removes some easing, emphasizing the economy's resilience, refusing to provide forward guidance, listing three reasons for rising yields, and quickly concluding the press conference in less than 30 minutes.
2. The Federal Reserve leans hawkish, with the 2-year US Treasury yield rising significantly and the 10-year yield climbing back above 5%. Interest rate futures pricing in a rate hike this year have increased by 6 basis points compared to pre-meeting levels. Spot gold has fallen more than $100 from its daily high, and the US dollar has surged past the 100 mark.
3. Trump stated that US interest rates should fall to 1% or below, urging the Fed to cut rates quickly, and again threatened to cut trade ties with countries with trade deficits.
4. China and Japan both reduced their holdings of US Treasury bonds in July, while the UK significantly increased its holdings.
5. US retail sales rose 1.2% month-on-month in August, the highest since March of this year.
6. Fund redemption difficulties worsened, with the Turkish stock market falling 6% intraday, triggering a market-wide circuit breaker.
7. SK Hynix responded to reports of negotiations with Intel regarding US memory chip production: no specific plans have been finalized.
8. US media: Apple is considering re-entering the server market and has already held talks with Nvidia regarding the use of network technology. 9. Middle East Situation—
① Saudi Arabia is reportedly seeking to restore half of the capacity of a key oil pipeline within days.
② Sources: US officials held talks with Houthi rebels in Oman over the weekend.
③ Houthi rebels: Announced multiple military operations deep within Saudi territory.
④ US Energy Secretary: The seven-day average flow of oil through the Strait of Hormuz is 11 million barrels per day; 18 million barrels of oil passed through the Strait of Hormuz yesterday.
⑤ Iranian Parliament Speaker Ghalibaf raised the "Taylor Rule" before the Federal Reserve's decision, questioning the effectiveness of interest rate hikes.
