美國至8月26日4個月國債競拍-投標倍數 3.14，前值3.35。

Zhipu launched and open-sourced GLM-5.3-Flash (320B-A18B), a native multimodal model in the GLM-5 series with 320 billion parameters. The company says the model outperforms GLM-5.2, scored 57 on the AA Comprehensive Intelligence Index—placing it in the global frontier model band and on par with Anthropic's Claude Opus 4.8—and produced comparable coding results on Zhipu's Z.ai Code Bench. Zhipu priced GLM-5.3-Flash at one-tenth of GLM-5.3, with a limited-time discount to one-twentieth, and says list pricing is one-fortieth of Claude Opus 4.8.

Market consensus: core PCE YoY prev 3.3% (Reuters survey 3.3%). Majority of surveyed institutions expect YoY around 3.2–3.3% (Capital Economics, Goldman Sachs, Citigroup, Scotiabank, Barclays, Societe Generale, Standard Chartered and others at ~3.2%; BofA, Deutsche Bank, UBS, JP Morgan, Nomura, Morgan Stanley and multiple others at ~3.3%). High Frequency Economics is the notable outlier at +3.4%. Monthly core PCE prev +0.1% (Reuters +0.2%); consensus centered on +0.2% (BofA, Capital Economics, Citigroup, Deutsche Bank, Barclays, HSBC and many others). A smaller group expects higher monthly prints: BNP Paribas SA, JP Morgan and Banco Santander at +0.3%, and High Frequency Economics at +0.4%.