Group 1 - The Federal Reserve is expected to initiate a new round of interest rate cuts during the monetary policy meeting on September 16-17 [1] - Daleep Singh from PGIM indicates that the Fed's interest rate policy aims to approach the estimated neutral policy rate, but the specific steps to achieve this remain uncertain [1] - The market's expectation of rate cuts is helping to alleviate investor concerns regarding the volatility of fixed income assets, such as long-term bonds [1][2] Group 2 - The inflation rate is projected to remain above 3% until 2026, leading the Fed to adopt a gradual approach of 25 basis point cuts until reaching the estimated neutral rate of 3.0% to 3.5% [1] - This gradual strategy allows the Fed ample time to assess the impact of tariff policies on inflation and labor supply, as well as the subsequent effects of fiscal policy [1] - The August non-farm payroll report shows positive signals, with a moderate impact on the interest rate market and a more significant boost to risk assets like stocks and corporate bonds [2]
保德信：美联储降息目标达成在望 有助于缓解投资者对固定收益资产忧虑
Zhi Tong Cai Jing·2025-09-11 02:50