
10CPI 202412 FOMCCPI112024PCE 122-1267.14-7.247.20 20111290 Z0017101 1..........................................................................................1 1.1..............................................................................11.2..........................................................................21.2.1.............................................................................................21.2.2.............................................................................................31.2.3.............................................................................................3 2.................................................................................................4 2.1-..................................................................42.2.......................................................................42.2.1.....................................................................................42.2.2.....................................................................................52.2.3..................................................................................72.2.4..................................................................................82.3..................................................................................82.3.1...................................................................82.3.2...............................................................9 3........................................................................................10 3.1.................................................................103.2...................................................................................143.3..........................................................15...........................................................................................16..................................................................................................17……………………………………………………………………………….18.........................................................................................................19......................................................................................................19 1.1.1..................................................................................................11.1.120241215.....21.1.2.....................................................................22.1.1...............................................................................................42.2.1..........................................................42.2.2..............................................................42.2.3..........................................................52.2.4................................................................................62.2.5%..............................................................72.2.6.....................................................................72.2.7 NDFUSDCNH.........................................................................82.2.8 USDCNY25Delta%..........................82.3.1...............................................92.3.2.........................................................................92.3.3...............................................92.3.4.........................................................................93.3.12024.1.8-1.12..................................151.................................162%..................................................................173...................................................184Shibor%............................................................................185SOFR%.............................................................................18 6%.................................................................................19 7....................................................................................19 1. 1.1 2024 1 15119CFETSBIS SDR119 16:30 7.187.197.207.19997.207.23227.2111 USDCNHUSDCNYBloomberg 1.2 1.2.1 202412FOMCCPI1120241 172024 PCE 122-1 267.14-7.247.20 1.2.2 1.2.3 2. 2.1- 1197.1167117 Refinitiv Bloomberg 2.2 2.2.1 2.2.2 12-181159%66%1169%67% 2.2.3 2.2.4 119NDF7.0125270USDCNY25Delta1 2.3 2.3.1 11924037.179230728649 Bloomberg 2.3.2 11924037.179432328433 Bloomberg 3. 3.1 1.1MLF890799501MLF1.80%2.50%5007790MLF 2.202430%20235.2%5% M2 3.202312220453.85689.92 4.202312605825.2%897554.1%4825894.7%6882385.8%4.5%6.3%4.9%5.2% 20232024 5.20235030363.0%5.9%6.5%9.6%20232535440.4% 6.202312435507.4%4714957.2%7.3% 7.2023126.8%4.6%202375.1%0.5 8.20235.2%0.4125.1%315.0%49 9.16-2425-2920231216-2425-2930-5914.9%6.1%3.9% 10.202339218 15.2023922416.7%127811.5%607456.5%1669412.2% 3.2 3.3 / 136310008400 8888 910www.nanhua.net603093