美联储降息25基点 “特朗普代言人”投下唯一反对票

Core Viewpoint - The Federal Reserve announced a 25 basis point cut in the federal funds rate target range to 4.00% to 4.25%, marking the first rate cut of 2025 and following three cuts in 2024 [1] Group 1: Federal Reserve Actions - The Federal Open Market Committee voted 11 to 1 in favor of the rate cut, with the only dissenting vote from newly appointed member Stephen Milan, who advocated for a 50 basis point cut [1] - The rate cut is characterized as a "preventive cut" aimed at increasing market liquidity to stimulate economic activity and support the job market, while also mitigating the risk of a "hard landing" for the U.S. economy [1] Group 2: Market Reactions - Following the announcement, market reactions were muted, with initial gains in both stock and bond markets quickly reversing. The Dow Jones increased by 0.6%, while the S&P 500 and Nasdaq fell by 0.1% and 0.3%, respectively [3] - Investors had anticipated that the rate cut would boost the economy and corporate profits, contributing to recent highs in major stock indices [3] Group 3: Future Projections - The Federal Reserve updated its "dot plot," indicating expectations for two more rate cuts of 25 basis points each within the year, which is one more than previously forecasted in June [5] - Some officials predict a total reduction of 125 basis points in the policy rate by the end of the year, reflecting a dovish stance among committee members [5] Group 4: Political Influence and Economic Concerns - Analysts express concerns that the rate cut may be influenced by political pressure from President Trump, with some arguing that the labor market is not weak enough to justify a rate cut [7] - Powell stated that political considerations do not influence the Fed's decisions regarding the benchmark lending rate, emphasizing the independence of the Federal Reserve [7]