[SMM Aluminum Morning Meeting Summary: Slight Decline in Aluminum Ingot Inventory During the Week, Weakening Demand and Easing Backlogs Increase Inventory Buildup Risks]
On the macro front, according to the CME FedWatch Tool, the market estimated a nearly 97% probability that the US Fed would cut interest rates by a quarter percentage point at the conclusion of its policy meeting on Wednesday. The benchmark US 10-year Treasury yield fell by 0.8 basis points to 4.391%. Key data released this week, including US GDP and inflation figures, may further influence market sentiment.
