Core Viewpoint - The Federal Reserve has lowered the federal funds rate target range by 25 basis points to between 4.00% and 4.25%, marking the first rate cut since December 2024, in response to slowing economic growth in the U.S. [1] Economic Growth - U.S. GDP growth for the first half of the year is approximately 1.5%, down from 2.5% in the previous year [1] - Employment growth is slowing, and there is an increase in employment downside risks, despite the unemployment rate remaining low [1] Inflation and Monetary Policy - Recent inflation has risen and remains at a high level [1] - The Federal Open Market Committee (FOMC) has decided to continue balance sheet reduction alongside the rate cut [1] Future Projections - The median forecast indicates that the federal funds rate will decrease to 3.6% by the end of this year, 3.4% by the end of 2026, and further to 3.1% by the end of 2027, which is a downward adjustment of 25 basis points from the June forecast [1] - Individual assessments of the appropriate path for the federal funds rate reflect uncertainty and are not a predetermined plan or decision by the committee [1]
美国上半年经济活动增长放缓
Sou Hu Cai Jing·2025-09-17 23:30