Group 1 - Federal Reserve Chairman Jerome Powell hinted at potential interest rate cuts in the coming months despite rising inflation risks [1] - Powell indicated that the current economic outlook and risk balance may necessitate adjustments to monetary policy [1] - Market expectations for a rate cut in September surged to nearly 90% following Powell's remarks, interpreted as dovish by many institutions [1][2] Group 2 - The U.S. job market showed signs of cooling in July, with the unemployment rate rising by 0.1 percentage points to 4.2% and non-farm payrolls adding only 73,000 jobs, below the expected 110,000 [2] - Core Consumer Price Index (CPI) rose by 3.1% year-on-year in July, significantly above the Federal Reserve's 2% target, indicating persistent inflationary pressures [2] - Some Federal Reserve officials expressed skepticism about the need for rate cuts, citing ongoing inflation concerns and the need for more data before making decisions [2] Group 3 - President Trump criticized Powell's stance, arguing that there is no inflation risk and calling for immediate rate cuts, expressing dissatisfaction with the Federal Reserve's monetary policy [3] - Following Powell's speech, U.S. stock indices rose over 1%, while the dollar index fell by 0.8%, and the yield on 10-year U.S. Treasury bonds dropped by over 7.5 basis points to 4.256% [3]
综述｜鲍威尔暗示降息 通胀就业难平衡
Sou Hu Cai Jing·2025-08-23 11:45