荷兰合作银行预计美联储将降息25个基点至3.50-3.75%。荷兰合作银行预计美联储将降息25个基点至3.50-3.75%

Fed poised for 25bp cut to 3.50–3.75% – Rabobank.Fed poised for 25bp cut to 3.50–3.75% – Rabobank

美国：9月消费者支出停滞。个人收入环比增长0.4%，与上月持平。经通胀调整后，个人收入仅增长了0.1%。

US: Consumer Spending Stalls in September.Personal income rose 0.4% month-over-month (m/m), on par with the prior month. On an inflation adjusted basis, personal income was up just 0.1% m/m.

阿根廷公布本国美元债券招标，Milei寻求市场回报。阿根廷周五宣布了一项受当地法律管辖的四年期美元债券的招标，因为总统哈维尔·米利的政府继续为最终重返国际资本市场试水。

Argentina unveils tender for local US dollar bond as Milei seeks market return.Argentina announced on Friday the tender for a four-year dollar bond governed by local law as President Javier Milei's administration continues to test the waters for an eventual return to international capital markets.

每周焦点：尽管通货膨胀率高，美国仍将降息。上个月，当美联储下周周三做出决定时，市场预期越来越倾向于降息25个基点。这是由较低的通胀预期和较弱的前瞻性经济数据推动的，例如11月PMI和ISM调查中的订单和库存之间的平衡——私营部门数据仍在及时公布，而政府关门的后果继续阻碍官方数据。

Weekly Focus – US to Cut Rates Despite High Inflation.Over the last month, market expectations have increasingly turned towards a 25bp rate cut when the Fed makes its decision on Wednesday next week. This has been driven by lower inflation expectations and weaker forward-looking economic data, such as the balance between orders and inventories in the PMI and ISM surveys for November – private sector data that is still coming in a timely manner while the aftereffects of the government shutdown continue to hamper official data.