美联储重磅来袭！9月18日降息25个基点，市场震动！

Core Viewpoint - The Federal Reserve's decision to cut interest rates by 25 basis points has led to a mixed response in the capital markets, indicating a cautious skepticism among investors about the implications of this move [1][3]. Group 1: Economic Context - The Federal Reserve is navigating a complex macroeconomic environment characterized by slowing economic growth, weak employment, rising unemployment rates, and persistent inflation above the 2% target [3]. - Fed Chair Jerome Powell acknowledged the dual pressures of inflation risks rising and employment risks declining, describing the current situation as "tricky" [3]. Group 2: Internal Disagreements - The FOMC's internal divisions are evident, with six members opposing further rate cuts, two supporting a single cut, and one advocating for a more aggressive cut of 125 basis points [3][5]. - The presence of a dissenting vote from Stephen Moore, a current economic advisor to Trump, raises concerns about the influence of political pressures on monetary policy decisions [5]. Group 3: Market Reactions - The market's reaction to the rate cut has been fragmented, with the Dow Jones showing slight gains while the Nasdaq declined, indicating a lack of confidence in the Fed's actions [1][7]. - Analysts suggest that the rate cut was anticipated by asset prices, leading to a more cautious investor sentiment as they recognize the Fed's struggle between political demands and economic realities [7]. Group 4: Central Bank Independence - The independence of the Federal Reserve is crucial for maintaining market confidence, and any perception of political interference could undermine its effectiveness and lead to a long-term trust crisis [9][10]. - The Fed's decisions are now seen as not just about interest rates but also as a defense of its institutional credibility [9].