美联储如期减息25基点 DWS、摩根资管等机构看好2026年继续减息 但节奏或趋于放缓

Core Viewpoint - The Federal Reserve has reduced interest rates by 0.25% as expected, but there is significant disagreement among members regarding the future direction of rates [1] Group 1: Predictions on Future Rate Cuts - DWS maintains its prediction of two additional rate cuts in 2026, emphasizing that the labor market will be a key factor [2] - CICC also expects two rate cuts in 2026, but notes that the pace of cuts may slow down due to persistent inflation [3] - Morgan Asset Management believes there is still room for rate cuts in 2026, but sees little likelihood of a cut in January [4] Group 2: Economic Outlook and Market Reactions - Invesco highlights the political pressure on the Federal Reserve regarding rate cuts, indicating that this pressure is unlikely to dissipate in the short term [5] - Charles Schwab points out that the recent rate cut reflects deepening concerns about the labor market, despite inflation remaining above the 2% target [6] - Janus Henderson states that the era of preventive easing has ended, with future policy decisions being data-driven [7] Group 3: Market Strategies and Predictions - Fidelity expects a generally accommodative monetary policy next year, maintaining a bullish stance on the stock market, particularly in Japan and emerging markets [8][9] - Abbot anticipates a market rebound following the rate cut, but suggests that the Fed's monetary policy will no longer act as a market catalyst [10]