美联储“裱糊”美国经济

Core Viewpoint - The Federal Reserve has lowered the federal funds rate target range by 25 basis points to between 3.75% and 4.00%, marking the second rate cut of the year, but Chairman Powell's hawkish comments indicate that further cuts are not guaranteed [1][4]. Group 1: Federal Reserve Actions - The Federal Reserve announced a 25 basis point rate cut, bringing the target range to 3.75% to 4.00% [1]. - This is the second rate cut by the Federal Reserve in 2023 [1]. - Despite the rate cut, Powell's statements suggest a cautious approach towards future cuts, indicating uncertainty in the economic outlook [1][4]. Group 2: Economic Conditions - The U.S. economy is facing significant uncertainty due to government tariff policies, complicating the Federal Reserve's decision-making process [4]. - Inflation remains high, with September figures reaching the highest level since January, driven by rising prices of essential goods [5]. - The labor market is showing signs of slowing, raising concerns about potential stagflation, which poses a dilemma for the Federal Reserve in balancing inflation control and employment [5]. Group 3: Government Shutdown Impact - The ongoing government shutdown has delayed the release of key employment data, hindering the Federal Reserve's ability to assess the labor market accurately [6][8]. - The last employment report indicated a decline in job creation and an increase in the unemployment rate to 4.3%, the highest since 2021 [8]. - The inability to access timely labor statistics complicates the Federal Reserve's decision-making regarding interest rates [9].