Core Viewpoint - The Federal Reserve, led by influential figures like New York Fed President John Williams, may consider another interest rate cut in December due to concerns over a weakening labor market, despite previous rate cuts and mixed opinions among officials [1][2]. Group 1: Interest Rate Outlook - John Williams indicated that there is still room for further adjustments to the federal funds rate, aiming to bring it closer to neutral levels while balancing inflation and employment goals [1]. - Following Williams' remarks, market expectations for a December rate cut increased, with the probability rising from approximately 45% to around 60% [2]. Group 2: Labor Market and Inflation Concerns - Williams expressed that the risks to employment are increasing as the labor market cools, while the risks of rising inflation are diminishing [2]. - He emphasized the importance of bringing inflation back to the 2% target without causing excessive harm to the labor market [3]. Group 3: Inflation Data and Projections - The U.S. Consumer Price Index (CPI) rose by 3% year-on-year as of September, leading to ongoing concerns among officials regarding inflation prospects [3]. - Williams projected that tariffs would continue to exert upward pressure on prices until next year, but inflation is expected to trend back towards the 2% target by 2027 [3].
刚刚!美联储 “救市”!
Zhong Guo Ji Jin Bao·2025-11-21 14:51