Core Points - 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] - The decision was influenced by signs of slowing economic activity, weak job growth, and rising inflation, with a focus on the labor market as a primary concern [1][2] - The unemployment rate and job creation have shown significant weakness, with only 22,000 non-farm jobs added in August, far below expectations [2] - Inflation remains above the Fed's long-term target of 2%, with the Consumer Price Index (CPI) rising by 2.9% year-on-year in August, the largest increase since January [2] - The Fed's internal dynamics were highlighted, with some officials expressing concerns about the adequacy of the rate cut in light of external pressures from the Trump administration [3][4] Economic Indicators - The labor market is experiencing significant challenges, with a downward revision of 911,000 jobs for the period from April 2024 to March 2025, indicating a more severe employment situation than previously reported [2] - The median forecast for inflation by Fed officials is 3% by the end of the year, which is still above the target [2] - The Fed's decision-making process will involve careful evaluation of subsequent data and changing economic outlooks [6] Market Reactions - Following the rate cut announcement, U.S. stock markets showed mixed results, with the dollar index initially dropping before rebounding, and gold prices experiencing volatility [3] - The probability of another 25 basis point cut in the upcoming October meeting has increased to 87.7%, up from 74.3% the previous day [6] - Analysts suggest that while lower borrowing costs may stimulate demand, ongoing issues such as tariffs and immigration policies could negatively impact consumer and business confidence [6]
【环球财经】在“不同寻常时刻”宣布降息 美联储这次能“满足”特朗普吗？
Xin Hua She·2025-09-18 08:35