透露降息关键原因、预警股市！鲍威尔最新表态

Economic Overview - The U.S. economy is experiencing a slowdown in growth, with GDP growth at approximately 1.5% in the first half of the year, down from 2.5% the previous year, primarily due to weakened consumer spending [4][6] - The unemployment rate has slightly increased to 4.3%, although it has remained low overall, with job growth slowing significantly, averaging only 29,000 new jobs per month over the past three months [5][6] - Inflation has recently risen, with the Personal Consumption Expenditures (PCE) price index increasing by 2.7% year-over-year as of August, still above the long-term target of 2% [6][7] Monetary Policy - The Federal Reserve has lowered the federal funds rate by 25 basis points to a range of 4% to 4.25%, describing this move as "risk management" in response to concerns about a weakening labor market rather than inflation threats [1][7] - The Fed's policy stance is flexible and will be adjusted based on incoming data and economic outlook, with indications that further rate cuts may occur in the future [1][7] - The current monetary policy is seen as moderately restrictive but aims to better respond to changing economic conditions [7] Market Sentiment - Stock prices are perceived to be "fairly high" in valuation, suggesting that the market may be overvalued according to the Fed's assessment [1][3] - Investor sentiment is cautious as they await the release of the latest PCE price index, which is the Fed's preferred inflation measure [1][3]