Group 1 - The core viewpoint of the articles indicates that the majority of Federal Reserve officials are more concerned about inflation risks than employment market issues, suggesting a hawkish policy stance [1] - The Federal Reserve maintained interest rates in July for the fifth consecutive time, with a voting outcome of 9 in favor and 2 against, marking the first instance since late 1993 where two officials opposed the rate decision [1] - The minutes reveal that most officials believe inflation risks are greater, while some see a balance between inflation and employment risks, and a minority view employment risks as more severe [1] Group 2 - Since August, expectations for a Federal Reserve rate cut have frequently adjusted, with initial concerns about high rates impacting the economy leading to increased expectations for a quick rate cut [2] - Recent inflation data, including the Producer Price Index (PPI), showed unexpected increases, leading to a tightening of rate cut expectations [2] - As of August 21, market expectations for a 25 basis point rate cut in September were at 81.2%, down from 92.1% a week prior, indicating a shift in sentiment [2]
美联储:担忧通胀甚于就业
Zheng Quan Ri Bao·2025-08-21 23:41