Group 1 - The Federal Reserve and the market have diverging views on interest rate cuts, with investors expecting a cut in October while some Fed officials remain cautious about inflation [1][2] - Several regional Fed presidents have expressed concerns about high inflation, emphasizing the need for a balanced approach between preventing excessive tightening and combating inflation [1][2] - The latest data shows persistent inflation, with August PCE inflation rising 2.7% year-on-year and core PCE inflation increasing 2.9%, both above the Fed's 2% target [2] Group 2 - There is a clear division among Fed officials regarding interest rate cuts, with some predicting three cuts this year while others expect two or fewer [3] - Officials leaning towards rate cuts cite signs of weakness in the labor market, with concerns about the potential impact on employment [3] - The upcoming September inflation and employment data will be crucial for the Fed's decision-making, but potential government shutdowns could delay these key economic releases [4]
市场认为10月降息“定了”，但一些美联储高官不这么看
Hua Er Jie Jian Wen·2025-09-30 00:31