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美国经济：核心PCE降温，推迟美联储加息预期；二季度GDP上修至2.2%，贸易逆差超预期扩大_ Pushing Back Fed Rate Hike on Lower Core PCE Inflation; Q2 GDP Revised Up to +2.2%; Trade Deficit Widens More Than Expected;
2026-10-21 18:37
BOTTOM LINE: The core PCE price index rose 0.25% in August, somewhat below expectations, and the year-over-year rate now stands at 3.01%, well below expectations. The downward revision to year-over-year core PCE growth resulting from the methodological changes was larger than we expected and mostly reflected a larger revision to the portfolio management component. Based on today's inflation report, we now expect 3.0% growth for core PCE on a Q4/Q4 basis, well below the median FOMC participant's forecast of ...
中国经济：9月经济活动全面改善，三季度GDP略超预期China_ Q3 GDP slightly beat expectations on broad-based improvement in September activity
2026-10-21 18:36
Retail sales: 0 (1, 0) 19 October 2026 | 2:35PM HKT Economics Research China: Q3 GDP slightly beat expectations on broad-based improvement in September activity Bottom line: China's Q3 GDP slightly beat market expectations, thanks to a broad-based improvement in September economic activity — especially retail sales and services industry output. The imbalance between strong exports and weak domestic final demand remained significant. Industrial production (IP) growth accelerated further to 5.5% yoy in Septem ...