全球媒体聚焦｜“最奇特”的美联储会议 将释放什么信号？

Core Viewpoint - The Federal Reserve is expected to lower the benchmark interest rate by 0.25 percentage points to a range of 4% to 4.25%, marking the lowest level since the end of 2022, but the focus is on future monetary policy direction rather than the immediate rate cut [4][13]. Economic Conditions - The significant slowdown in the job market is a primary reason for the Fed's shift in policy [5]. - Recent data shows that from June to August, the average monthly job growth was only 29,000, far below the expected 150,000, with a downward revision of 911,000 jobs added over the past year [7]. - The Consumer Price Index (CPI) rose by 2.9% year-on-year in August, the highest level this year, exceeding the 2% policy target, although concerns about inflation are being overshadowed by the urgency of declining employment [8]. Political Context - The upcoming Fed meeting is characterized by unprecedented political pressure, with President Trump advocating for a drastic rate cut to 1% and criticizing Fed Chair Powell [9][11]. - There are ongoing personnel disputes within the Fed, including attempts by Trump to influence board appointments, which could have long-term implications for Fed policy [11][12]. Market Focus - While a rate cut is anticipated, the market is more concerned with the Fed's future signals regarding monetary policy [13]. - Fed Chair Powell's emphasis on prioritizing employment over inflation will be closely monitored, as will the Fed's updated economic forecasts, which will influence market expectations for future rate cuts [14].