AI牛市未带动就业 美联储沃勒力挺12月降息25基点

Core Viewpoint - Federal Reserve Governor Waller advocates for a further interest rate cut at the December meeting due to a weakening labor market and the pressure high interest rates are placing on middle- and low-income households [1][2] Group 1: Economic Conditions - Waller emphasizes that continuing to lower rates is a form of "good risk management" in the current economic environment [1] - He notes that with core inflation nearing the FOMC target and signs of weakness in the labor market, he supports a 25 basis point cut at the December meeting [1] - The upcoming September non-farm payroll report is unlikely to change his view on the need for another rate cut [1] Group 2: Labor Market and Household Impact - Waller highlights that high mortgage and auto loan costs are straining American household budgets [1] - Despite the stock market reaching new highs due to optimism around AI, this has not translated into job growth [1] Group 3: Federal Reserve Dynamics - Waller's stance reflects a division within the FOMC, with some officials concerned about persistent inflation while others are wary of the risks posed by a weakening labor market [1] - The Federal Reserve cut rates by 25 basis points for the second consecutive time last month in response to labor market weakness [2] - Market expectations for a December rate cut have dropped from nearly 100% to about 40% following hawkish comments from several officials [2]