通胀再度成为焦点，美国消费者信心减弱。丹麦将公布7月份的零售销售数据。我们的支出监测显示，7月份实际零售支出增长了1.2%，6月份下降了1.4%。

US Consumer Confidence Eases With Inflation Back in Focus.In Denmark, retail sales figures for July will be released. Our Spending Monitor showed a 1.2% m/m increase in real retail spending in July, following a setback of -1.4% m/m in June.

周二，美国商务部在对耐腐蚀钢铁产品进行调查后，对10个国家发布了反倾销和反补贴税的肯定性裁定。商务部在一份声明中表示，这些决定涵盖了来自澳大利亚、巴西、加拿大、墨西哥、荷兰、南非、台湾、土耳其、阿拉伯联合酋长国和越南的29亿美元进口。据路透社报道，商务部表示：“商务部做出了最终决定，从十个贸易伙伴进口到美国的耐腐蚀钢（CORE）被倾销和/或补贴。”。耐腐蚀钢用于制造汽车、电器和建筑物。该部门表示，国际贸易委员会现在将自行确定对国内钢铁行业的损害。

The US Department of Commerce issued affirmative determinations of anti-dumping and countervailing duties against 10 countries on Tuesday after investigations into corrosion-resistant steel products. The determinations cover USD 2.9 billion in imports from Australia, Brazil, Canada, Mexico, the Netherlands, South Africa, Taiwan, Turkey, the United Arab Emirates, and Vietnam, the Commerce Department said in a statement. "Commerce made its final determinations that imports of corrosion-resistant steel (CORE) into the US from ten trading partners were being dumped and/or subsidized," the department said, as Reuters reported. Corrosion-resistant steel is used to build automobiles, appliances, and buildings. The International Trade Commission will now make its own determination of injury to the domestic steel industry, the department said.

周三，10年期美国国债收益率徘徊在4.27%左右，受到对美联储独立性和对美国资产信心可能受到侵蚀的重新担忧的压力。本周早些时候，唐纳德·特朗普总统表示，他将因抵押贷款欺诈指控罢免美联储理事丽莎·库克，尽管库克的律师表示，她将提起诉讼阻止解雇。分析人士指出，库克的潜在下台可能会增加提前降息的可能性，特朗普将对央行施加更大的影响。市场目前预计，美联储9月份降息25个基点的可能性为87%。投资者还等待周五公布的个人消费支出价格指数（PCE），这是美联储首选的通胀指标，以寻求进一步的方向。

The yield on the 10-year US Treasury note hovered around 4.27% on Wednesday, coming under pressure from renewed concerns about the Federal Reserve’s independence and the potential erosion of confidence in US assets. Earlier this week, President Donald Trump said he would remove Fed Governor Lisa Cook over allegations of mortgage fraud, though Cook’s lawyer stated she will file a lawsuit to block the dismissal. Analysts noted that Cook’s potential ouster could raise the likelihood of earlier interest rate cuts, with Trump exerting greater influence over the central bank. Markets are now pricing in an 87% probability that the Fed will lower rates by 25 basis points in September. Investors also await Friday’s release of the PCE price index, the Fed’s preferred inflation gauge, for further direction.

周三，美元指数在上一交易日回落后徘徊在98.3附近，受到对美联储独立性的重新担忧和对美元全球主导地位信心减弱的压力。本周早些时候，唐纳德·特朗普总统表示，他将因抵押贷款欺诈指控罢免美联储理事丽莎·库克，尽管库克的律师表示，她将采取法律行动阻止解雇。分析人士警告称，库克的潜在下台可能会增加早些时候降息的可能性，特朗普将对央行施加更大的影响力。市场目前预计，美联储9月份降息25个基点的可能性为87%。展望未来，投资者等待周五公布的个人消费支出价格指数，这是美联储首选的通胀指标，以获取有关政策前景的更多线索。

The dollar index hovered near 98.3 on Wednesday after retreating in the previous session, pressured by renewed concerns about the Federal Reserve’s independence and weakening confidence in the greenback’s global dominance. Earlier this week, President Donald Trump said he would remove Fed Governor Lisa Cook over allegations of mortgage fraud, though Cook’s lawyer stated she will pursue legal action to block the dismissal. Analysts warned that Cook’s potential ouster could heighten the likelihood of earlier interest rate cuts, with Trump asserting greater influence over the central bank. Markets are now pricing in an 87% probability that the Fed will reduce rates by 25 basis points in September. Looking ahead, investors await Friday’s release of the PCE price index, the Fed’s preferred inflation measure, for additional clues on the policy outlook.