英国5年期国债收益率在通胀数据公布后跌至4月20日以来最低，当日下跌5个基点至4.28%。

At the Lujiazui Forum opening, PBOC vice governor and State Administration of Foreign Exchange director Zhu Hexin said since 2020 global instability and uncertainty have risen, and capital flows now exhibit 'volatility, divergence and resilience.' He flagged three market features: first, global financial conditions have shifted rapidly, with higher international market volatility and increased capital‑flow volatility amid changes in financial structure; second, global capital is reallocating toward future industries — notably artificial intelligence, semiconductors, biomanufacturing and the energy transition — widening dispersion across countries, sectors and assets; third, the foundation for global openness and cooperation remains solid and cross‑border private allocation momentum is strong. Zhu said global financial system resilience has continued to improve and many emerging economies, including China, have richer macro policy and macroprudential experience, enhancing their capacity to withstand external shocks.

At his first press conference as Fed chair, Wosh announced reforms including multiple task forces to broaden data collection and review the Fed’s statistical indicators. He repeatedly refused to provide forward guidance and declined to answer questions on the future path of interest rates. He did not submit a personal rate projection to the dot plot and said he will not comment on any market price moves during the press conference. Core message: reduce policy signaling to markets, avoid pre-committing to a rate path, and focus on institutional, data and communication reforms at the Fed.