邦达亚洲:美联储如期降息25个基点 美元指数刷新7周低位

Group 1: Federal Reserve Actions - The Federal Reserve lowered the benchmark interest rate by 25 basis points to a target range of 3.50%-3.75%, marking the lowest level in three years [1][7] - This is the third consecutive meeting where the Fed has cut rates, but there is internal disagreement on whether to prioritize inflation or the job market, indicating a lack of strong willingness for further rate cuts [1][7] - Fed Chairman Powell stated that the next rate hike is not a basic assumption for anyone, and employment growth may have been overestimated, with a slight negative shift since April [1][7] Group 2: Economic Outlook - Powell mentioned that the impact of tariffs on inflation is expected to gradually dissipate next year, allowing the Fed to be patient and observe economic developments [1][7] - The European Central Bank (ECB) President Lagarde expressed optimism about the Eurozone economy, suggesting that growth forecasts may be revised upward due to resilience against external trade pressures [2][8] - Lagarde noted that the Eurozone's labor market remains strong and that the economy is in a "fairly good position," with output levels close to potential [2][8] Group 3: Currency Movements - The US Dollar Index fell below the 99.00 mark, reaching a seven-week low, primarily due to the Fed's less hawkish rate decision than expected [4][10] - The Euro strengthened against the Dollar, reaching an eight-week high, supported by the Fed's rate cut and Lagarde's optimistic comments [5][11] - The British Pound also rose, hitting a seven-week high, influenced by the Fed's actions and technical buying near the 1.3300 level, although expectations of a rate cut from the Bank of England limited its upside [6][12]