美联储重磅预告，全球市场要变天了

Core Viewpoint - The Federal Reserve Chairman Jerome Powell is set to announce a new monetary policy framework aimed at addressing the current high inflation environment and redefining the balance between price stability and employment promotion [1][2]. Inflation and Employment Market Changes - Since 2020, the global economy has faced unprecedented shocks, leading the Federal Reserve to adopt a more accommodative monetary policy framework focused on ensuring broad and inclusive employment growth before inflation concerns [2]. - The post-pandemic economic recovery has not been smooth, resulting in the highest inflation rates in decades, which has forced the Federal Reserve to reassess its policy objectives [2]. - Currently, the inflation rate in the U.S. has reached its highest level in 40 years, significantly impacting the lives of ordinary citizens and presenting challenges for businesses [2]. Key Content of the New Framework - The new framework is expected to prioritize inflation control, indicating that the Federal Reserve will closely monitor inflation data and may implement stricter monetary policy measures if necessary [3]. - The framework will not completely abandon the "inclusive employment" concept from 2020 but will aim to promote healthy employment growth based on inflation control [3]. - The new framework may revert to a "classic inflation targeting" approach, directly focusing on a 2% inflation target, which could enhance policy transparency and predictability, thereby boosting market confidence [3]. Impact of Policy Adjustments - The announcement of the new framework is likely to have profound effects on financial markets, with a significant reduction in the likelihood of interest rate cuts in the short term, potentially affecting bond and stock market performance [4]. - The implementation of the new framework may influence the prices of safe-haven assets like gold, as high inflation typically drives demand for gold as a hedge, but successful inflation control could lead to decreased demand and lower prices [4]. - The new framework will also impact the international monetary system, as the Federal Reserve's policy moves are closely monitored by other central banks, potentially prompting them to adjust their monetary policies in response to high inflation and employment challenges [4].