2026年美联储大幅提前降息可能性降低 安本：预计黄金涨势将放缓

Core Points - The Federal Reserve has lowered the benchmark interest rate by 25 basis points to a range of 4.00%-4.25%, resuming the rate cuts that were paused since December of the previous year [1] - Ray Sharma-Ong from Abbot Investment noted that the dollar may show resilience in the short term, despite market overselling prior to the Federal Open Market Committee meeting [1] - The Fed's focus on stabilizing the labor market reduces the likelihood of significant rate cuts being implemented ahead of 2026 [1] Summary by Sections Federal Reserve Actions - The Federal Reserve's recent decision to cut rates aligns with market expectations and marks a shift in its monetary policy approach [1] - The average expected rate cut among committee members is around 25 basis points, with only one member advocating for a 50 basis point cut [2] Market Reactions - The market's anticipation of rate cuts in early 2026 may be overly optimistic, as further cuts could still occur in the remaining meetings of 2025 [1] - The potential for a cautious approach to further easing was emphasized by Powell during the press conference, indicating a shift in the Fed's response mechanism [1] Political Context - The independence of the Federal Reserve remains intact, despite potential political pressures in the coming year [2] - The possibility of a more dovish successor to the current Fed Chair under a Trump administration could influence future monetary policy [2]