美联储降息分歧加剧：博斯蒂克警告关税或致长期通胀，维持年内降息一次预期

Group 1 - The Federal Reserve Bank of Atlanta President Raphael Bostic maintains expectations for a potential rate cut this year, emphasizing the need to monitor the impact of the Trump administration's tariff policies on inflation [1] - Bostic questions whether the price increases due to tariffs are a "one-time event" or will lead to more persistent structural changes, contrasting with Fed Governor Christopher Waller's view that the impact of tariffs on inflation is negligible and short-term [1] - Bostic predicts that structural changes from supply chain reconfiguration may persist until 2026, increasing the risk of prolonged inflationary pressures [1] Group 2 - Recent economic data shows a significant slowdown in job growth and weak consumer spending, leading to skepticism about the Fed's continued wait-and-see approach [2] - Bostic acknowledges the unexpected nature of the July employment report but believes the U.S. economic fundamentals remain solid [2] - Concerns about a weakening labor market have been expressed by several Fed policymakers, suggesting a potential rate cut at the September meeting [2] Group 3 - The unemployment rate rose slightly from 4.1% in June to 4.2% in July, with significant job growth slowdown [3] - The focus of current policy should balance controlling inflation and stabilizing employment, despite challenges in achieving the 2% inflation target [3] - The next Fed meeting is scheduled for September, with market attention on whether it will initiate a rate cut cycle in response to economic slowdown pressures [3]