低利率为何成为“超级央行周”共识？

Group 1 - The Federal Reserve officially announced a 25 basis point interest rate cut on October 29, lowering the target range for the federal funds rate to 3.75%-4.00% [2] - The rationale behind the rate cut includes rising inflation rates and increased uncertainty in economic prospects, with a focus on achieving maximum employment and a 2% inflation rate in the long term [2][3] - The latest core inflation (PCE) in the U.S. is reported at 2.7%, showing an upward trend from previous values of 2.6%, 2.5%, and 2.3% [2] Group 2 - The U.S. GDP growth rate for the first quarter was -0.6%, marking the first negative growth since Q1 2022, while the second quarter saw a growth of 3.8%, which is still concerning compared to historical data [3] - The unemployment rate has risen to 4.3%, up from 4.2% and 4.1% in previous months, triggering the Federal Reserve's monetary policy adjustment mechanisms [3] Group 3 - The Federal Reserve's independence may be compromised due to political pressures, with changes in the FOMC voting committee composition expected next year [4] - The current trend indicates a likelihood of global interest rates declining, as evidenced by the European Central Bank's continuous rate cuts since June of the previous year [4] Group 4 - Japan's central bank maintained its benchmark interest rate at 0.5% despite rising core CPI, indicating that trade tensions may have a more significant impact on economic growth than inflation and employment [5] - Global central banks are increasingly concerned about economic growth uncertainties, reflected in fluctuations in international gold prices and long-term bond sell-offs [5]