US Dollar
1. The US Treasury's repurchase of 10- to 20-year Treasury bonds reached the $6 billion limit.
2. The US Dollar Index (DXY) briefly surpassed the 102 mark, reaching a new high since April last year.
3. US Challenger job cuts in September hit a new low for the same period since 2022, while initial jobless claims fell to their lowest level since July.
4. Trump: Continued rate hikes are "quite bad." He doesn't blame Warsh for his comments on interest rates.
5. Federal Reserve
① Jefferson: It may take more time to determine whether to raise rates further. ② Schmid: Officials still have work to do on inflation. ③ Kashkari: It's unclear how high interest rates need to be raised. I don't have a strong opinion on whether there will be a rate hike in October. ④ Logan: The Fed should raise rates by at least another 50 basis points. Inflation caused by energy prices is more worrying than economic growth. He is highly optimistic that artificial intelligence will boost labor productivity. Demand for AI construction is pushing up inflation. ⑤ Bowman: There is no need for further interest rate adjustments this year. ⑥ Cook: It's necessary to ensure inflation expectations don't deviate from their anchor. Artificial intelligence is causing localized inflation. Inflationary pressures from AI development may not ease quickly.
Euro
1. The European Central Bank (ECB) initiates the selection process for a successor to Executive Board member Schnabel.
2. The French budget regulator says the 2027 growth forecast is too optimistic.
3. ECB Governing Council member Nagel: (Regarding rising bond yields) All ECB tools are designed to achieve price stability, not to target specific yield levels.
4. Sources revealed that the German government has raised its 2026 economic growth forecast to 1.3%, up from 0.5% in April. It has also raised its 2027 economic growth forecast to 1.1%, up from 0.9% in April.
Yen
1. Tokyo inflation is accelerating significantly; pressure on the Bank of Japan to raise interest rates is increasing.
2. Japan will release details of the first five years of the Takashimura municipal government's large-scale investment plan.
3. Japan's Minister of Economy: Japan has escaped deflation and does not need excessively loose monetary policy.
Other
1. The Indonesian central bank shifts to derivatives intervention, maintaining its efforts to defend the rupiah.
2. Turkish President Erdogan: Fund market issues do not threaten economic security.
3. Greece expects 2% economic growth this year; the country aims to shed its status as the Eurozone's most indebted nation.
4. Bank of England Monetary Policy Committee member Mann: The current policy stance is not tight enough. Raising interest rates could ensure a sustainable return to 2%.
