FOMC median forecasts for core PCE inflation: 2026 3.4%, 2027 2.5%, 2028 2.2% (June: 3.3%, 2.5%, 2.1%).

Markets opened weak then recovered. At midday Shanghai Composite +0.57%, Shenzhen Composite +1.42%, ChiNext +2.35%, STAR 50 +4.5%. Half-day turnover across Shanghai and Shenzhen RMB1.17 tln, up RMB108.2 bln vs prior session. Advancers exceeded 4,200. Semiconductors led gains, with storage-chip names strongest and several chip stocks hitting 20% daily limits. Rubber stocks rallied with limit-up action; military-electronics names were active and UniStrong hit its daily limit. Precious metals, batteries and components outperformed; auto OEMs, banks and aquaculture lagged.

U.S. EIA implied crude oil demand for week to Sept 11: 21.093 mln b/d, prior 20.827 mln b/d.