南方东英美元货币市场基金 - 20240913
• 八月份CPI和PPI数据表明,美联储首选的通胀指标核心PCE平减指数可能会在9月27日发布时保持稳定在0.16%。这可能促使官员们在本月开始降息。然而,如果美联储没有明确信号表示要大幅降息,那么9月份将更有可能进行25个基点的降息。
• 八月份核心PCE平减指数预计为0.16%,与通货膨胀所需的月度节奏一致,以达到美联储2%的目标。核心PCE可能会在年率上升至2.7%。美联储主席杰罗姆·鲍威尔青睐的“超核心”通胀指标可能在八月份上升0.2%。
• 八月份核心PCE中最大的拖累可能来自其他耐用品和非耐用品、娱乐用品和服务以及金融服务。然而,汽车、品牌服饰、鞋类、住宿和其他服务的减速或甚至重新加速可能抵消这种影响。
• 展望未来,由于医保报销费率的调整,预计10月核心PCE将比过去两个月的平均水平上涨约0.17%,这将推动医疗保健成本的上升。
• 因此,我们预计南方港元货币市场基金将在短期内继续提供稳定的收益。 截至20240913,该基金的毛收益为5.38%,净收益为5.06%。^
数据来源:南方港元货币市场基金、美国劳工统计局、美国经济分析局彭博社,截至20240913。^ "毛收益基于基金的年化收益率计算,7天净收益基于日历天数和5位小数的资产净值计算。
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