交易员加码对冲美联储降息路径剧变风险 市场预期亦出现分化

Core Viewpoint - Traders are increasing their hedging against the risk of a dramatic shift in the Federal Reserve's interest rate path, reflecting uncertainty in the economic impact of the Trump administration's fluctuating policies [1] Summary by Relevant Categories Market Expectations - The swap market indicates expectations of two interest rate cuts this year, with the first anticipated in October [1] - There is a divergence in views among major financial institutions like Goldman Sachs and Citigroup regarding when the Federal Reserve will begin to ease policies [1] Options Market Activity - Options market traders are purchasing insurance against a range of potential outcomes, from no rate cuts to consecutive cuts of 50 basis points within the year [1]