Core Viewpoint - The Federal Reserve's recent meeting minutes indicate a downward adjustment in interest rate expectations due to weaker-than-expected employment data and rising risks in the labor market [1] Summary by Relevant Sections Monetary Policy Decisions - The Federal Reserve lowered the target range for the federal funds rate by 25 basis points to between 4.00% and 4.25% following the September 17 meeting [1] - Nearly all voting members of the Federal Open Market Committee supported the 25 basis point rate cut, with only one member opposing and favoring a 50 basis point cut [1] Economic Indicators - The minutes highlighted a slowdown in actual GDP growth during the first half of the year and a weakening labor market [1] - Consumer price inflation has continued to rise slightly, remaining above the Fed's long-term target of 2% [1] Inflation and Tariff Impact - There is a divergence of opinions among officials regarding the impact of tariffs on inflation, with some believing inflation would be close to the target without this year's tariff increases, while others argue that progress towards the 2% target has stalled even when excluding tariff effects [1] Future Rate Expectations - A significant majority of Fed officials anticipate at least two more rate cuts by the end of the year, each by 25 basis points, with about half expecting three cuts [1]
【环球财经】会议纪要显示美联储官员担心就业下行风险
Xin Hua Cai Jing·2025-10-09 00:59