Group 1 - The Federal Reserve officials showed significant disagreement regarding further interest rate cuts in December, with market bets on rate cuts diminishing and U.S. Treasury yields rising by 1-2 basis points [1][2] - The 10-year U.S. Treasury yield increased by 1.55 basis points to 4.13%, while the 2-year yield rose by 1.48 basis points to 3.59% [1] - The probability of a 25 basis point rate cut in December dropped from nearly 50% to just over 30% according to CME's FedWatch tool [1] Group 2 - The Federal Reserve's decision to lower the federal funds rate target range by 25 basis points to 3.75%-4.00% was supported by a majority vote of 10-2, with dissenting opinions advocating for either a 50 basis point cut or no change [2] - The assessment of economic growth was upgraded from "slowing" to "expanding at a moderate pace," although concerns about government shutdowns impacting economic activity were noted [1][2] - Labor market conditions are seen as crucial for supporting potential rate cuts, with expectations of low hiring and low layoffs continuing [3]
会议纪要暴露美联储决策者意见分歧 美债收益率普遍上扬
Xin Hua Cai Jing·2025-11-20 05:19