LME指标 (LMEIndex) 加自选

12月联邦公开市场委员会（FOMC）停电期的闪光灯：有争议的削减。我们预计联邦公开市场委员会将继续将政策转向更中立的立场，并在12月9日至10日即将召开的会议上将联邦基金利率再下调25个基点至3.50%-3.75%。尽管联邦公开市场委员会不会像最初计划的那样在本次会议上公布10月和11月的就业报告，但最新的劳动力市场数据表明，情况继续缓慢疲软。

Flashlight for the December FOMC Blackout Period: A Contentious Cut.We expect the FOMC to proceed with returning policy toward a more neutral stance and reduce the fed funds rate by another 25 bps to 3.50%-3.75% at its upcoming meeting on December 9-10. Although the FOMC will not have the October and November jobs report at this meeting as initially planned, the latest available labor market data suggest that conditions have continued to slowly soften.

美元/日元跌至155.00以下：2025年的年度高点已经达到了吗？。当前逆转的核心在于政府的财政政策与央行的货币反应之间的冲突：财政鲁莽终于得到了货币稳健的回应。

USD/JPY Drops Below 155.00: Has 2025 Yearly Top Been Reached?.The core of the current reversal lies in the clash between the administration's fiscal policy and the central bank's monetary response: fiscal recklessness has finally been met with monetary soundness.

波兰央行行长表示，波兰央行可能会进入观望模式。波兰央行行长亚当·格拉平斯基周四在央行下调主要利率后表示，波兰货币政策委员会（MPC）可能会在一段时间内保持观望状态，并可能在稍后恢复降息。

Polish central bank could go into wait-and-see mode, governor says.The Polish Monetary Policy Council (MPC) will probably remain in a wait-and-see mode for a while and could return to interest rate cuts later, central bank Governor Adam Glapinski said on Thursday after the bank cut the main interest rate.

加拿大艾维采购经理人指数.s.a为48.4，低于11月的预期（53.6）。加拿大艾维采购经理人指数.s.a为48.4，低于11月的预期（53.6）

Canada Ivey Purchasing Managers Index s.a came in at 48.4, below expectations (53.6) in November.Canada Ivey Purchasing Managers Index s.a came in at 48.4, below expectations (53.6) in November