2 月美国 CPI 环比增长 0.2%（前值 0.5%），同比增长 2.8%（前值 3.0%）。住房租金是 CPI 环比增长的较大贡献项，汽油和运输服务是较大拖累项。总体来看，美国通胀在 2 月有所降温，特朗普关税对物价的影响或尚未完整展现，仍需一定传导时间。2 月中旬以来，美国多项经济指标走弱，叠加关税政策以及债务上 限谈判的不确定性，美国经济衰退担忧明显升温，这也导致近期美股出现回调。2 月 偏弱的 CPI 数据或有助于缓解近期市场的滞胀担忧，但考虑到关税的不确定性仍将持续对美股情绪构成压制，风险偏好修复或仍需等待。CPI 数据公布后，美联储 2025 年降息预期变化不大，从 3.0 次/74.3bps 升至 3.1 次/78.4bps，仍定价美联储将在 3 月和 5 月的会议上按兵不动，在 6 月份会议上开启下一次降息。

当前房地产市场表现如下:1.成交方面，呈现结构性“止跌回稳”，其中二手房好于新房、核心城市先行复苏，从“以价换量”到“量价企稳”仍待观察；2.投资方面，当前销售回暖热度仍未传导至投资端，在市场整体供需缩量的情况下，房地产投资全链条承压; 3.资金方面，销售回款仍为主要来源，直接融资规模尚未恢复。

美国 2 月通胀和核心通胀超预期放缓。食品和能源增速下降，核心商品中进口商品如服装和家具价格增速超过去 6 个月平均水平。受机票和汽车保险价格等 运输服务价格大幅下降带动，核心通胀延续放缓，最具粘性的房租价格过去 3 月增速降至接近 2019 水平。数据公布后，市场对滞涨担忧略有缓解，对全年降 息幅度预期升至 72 个基点，10 年国债利率小幅下降至 4.3%以下区间。尽管通胀近期仍保持温和放缓趋势，但特朗普关税政策给中期通胀带来不确定性。美 联储短期内可能对降息态度保持谨慎，在降通胀与防止就业市场走弱之间寻求平衡。预计美联储 3 月、5 月和 6 月可能继续暂停降息。随着金融市场波动上 升和经济持续放缓，美联储可能在 9 月或 12 月降息 1 次。

Chemical mechanical planarization (CMP) equipment usually refers to chemical mechanical planarization equipment. It is a process used in semiconductor manufacturing to flatten and smooth surfaces on wafers. CMP involves the use of a slurry containing abrasive chemicals and polishing agents, along with a polishing pad, to remove or polish away irregularities on the surface of the wafer. This process is crucial for creating the precise and flat surfaces needed for the fabrication of integrated circuits (ICs).

Car leasing is a system of possessing a new or used car by paying to use it for a specified time. Vendors offer a range of vehicles that customers can pay monthly to lease for a period as and when required. Leasing is similar to renting a car, but renting basically deals with short-time contracts, and leasing generally accounts for a time period spanning more than a year. The company that offers the car on a lease is called the lessor, and the customer is called the lessee.

A candle is a block or cylinder of wax with an embedded wick. When ignited, it provides light and, in some cases, a fragrance. Within the home decoration and home textiles (HDHT), candles are frequently categorized as home accessories.

Calcium chloride (Cacl2) is crystalline, flaky, white, and highly soluble in water. It is an anhydrous compound that is hygroscopic. Owing to its water absorbent properties, it is used to dry gases by passing them through it. In oil and gas industry applications, calcium chloride is used to melt ice on roads, to control dust, as a preservative in foods, and in brine for refrigeration.

Calcium carbonate comprising GCC and PCC is the highest value-added product in the limestone value chain. The market for calcium carbonated is focused on a few end-user segments (paper, paints, and plastics). Both GCC and PCC are widely used in the plastics industry as filler minerals

Broadcasting is the distribution of video or audio content to a targeted audience via any electronic mass communication medium such as cable TV. Cable TV is a system that delivers television programs to users with the help of radio frequency signals transmitted through coaxial cables or light pulses through fiber optic cables. This contrasts with broadcast TV, in which TV signals are transmitted over the air by radio waves and received by a TV antenna attached to the TV or satellite TV.

Brazil nuts are a type of nuts native to the Amazon rainforest that spans across Brazil, Bolivia, and Peru. Being energy-dense and highly nutritious, these nuts are one of the most concentrated dietary sources of selenium, an essential trace mineral.