7 October 2026 | 4:51PM EDT Economics Research USA: FOMC Minutes Note "Most" Participants Saw Another Increase as Likely "Appropriate by Year End," but Committee Will Approach BOTTOM LINE: The minutes to the FOMC's September meeting showed that "all" participants supported raising the target range for the federal funds rate by 25bp to 3.75-4%, judging that progress on lowering inflation had not been "sufficient." "Almost all" participants assessed that risks to inflation were "tilted to the upside," while r ...

要 关注公众号:水木纪要 Feng Zhu (852) 2800 1745 feng.zhu@jpmorgan.com Jiayi Li (852) 2800-5229 jiayi.c.li@jpmorgan.com JPMorgan Chase Bank, N.A., Hong Kong Branch See page 11 for analyst certification and important disclosures. Weak household demand has been a recurring concern in J.P. Morgan's post- COVID-19 China analysis. The need to tackle it has gained urgency amid the severe property-led downturn, weaker employment and income expectations, demographic deterioration and renewed retail-sales weakness, which are e ...

Xiangrong Yu AC +852-2501-2754 xiangrong.yu@citi.com Vi e w p o i n t | 14 Oct 2026 11:05:36 ET │ 10 pages China Economics More Hints of Investment Stabilization from Credit Data? CITI'S TAKE New credit stabilization in September after the summer slowdown. New credit details reinforce our view that an investment-led cyclical stabilization is underway, with a pickup in entrusted loans and corporate long-term loans following earlier PMI and PPI prints. A full reversal of fiscal austerity has likely not materi ...