DLS MARKETS：鲍威尔称货币政策仍需要适度限制经济 释放何种信号

Group 1 - The core viewpoint from Powell indicates that the current interest rate level (5.25%-5.50%) is high but not significantly suppressive to the economy, suggesting that the overall economic performance remains strong [3] - Powell defines the current policy stance as "moderately restrictive" rather than "tight," indicating that the Federal Reserve believes existing rates can gradually lower inflation without immediate suppression [3][4] - The resilience of the U.S. economy, characterized by a stable job market and strong consumer spending, limits the tightening space for interest rate policies, as high rates have not triggered clear recession signals [3][4] Group 2 - The Federal Reserve is not focused on further rate hikes nor prepared for immediate cuts, entering a "fine balance period" to maintain anti-inflation signals while avoiding harm to economic growth [4] - Future economic data, particularly regarding inflation and employment, will be critical triggers for policy adjustments, indicating that the market will remain in a "data-driven" uncertain environment [4]