Group 1 - The Federal Reserve should exercise caution in further interest rate cuts to allow more time to assess economic data and the balance of inflation and labor market risks, according to Fed Governor Barr [2] - Current inflation remains under upward pressure, while signs of weakness in the labor market create a "dilemma" for monetary policy [2] - Barr supports the recent 0.25 percentage point rate cut by the Federal Open Market Committee (FOMC) but emphasizes that this does not imply a series of consecutive cuts [2] Group 2 - Barr warns that new tariffs from the Trump administration could increase prices, making it more difficult for inflation to decline [2] - The core Personal Consumption Expenditures (PCE) price index is projected to rise above 3% by the end of the year, with overall inflation potentially not returning to the 2% target until the end of 2027 [2] - Although companies have not fully passed on tariff costs to consumers, their plans to restore profit margins suggest that price increases may persist, leading to a "slow but steady" upward trend in inflation [2] Group 3 - A softening labor market could help alleviate upward price pressures, but the lack of official data due to the government shutdown makes it difficult to assess the actual extent of demand slowdown [2] - Economic growth may face further pressure in the coming months due to slowing output growth and factors such as tariffs and labor supply constraints [2]
中资离岸债每日总结(10.10) | 珠海华发集团发行