Core Viewpoint - The Federal Reserve has lowered the target interest rate range to 3.5%-3.75% for the third time this year, signaling the end of the era of preventive easing [1] Group 1: Federal Reserve Actions - The Federal Reserve emphasized that future policy direction will depend on data, with clear decisions to be made at each meeting [1] - Chairman Powell reiterated that the recent rate cut is a prudent adjustment rather than the beginning of a new cycle [1] Group 2: Economic Outlook - The Summary of Economic Projections (SEP) shows a hawkish tone, with slight upward adjustments to growth forecasts for 2026 and 2027 [1] - The inflation forecast for 2026 has been slightly lowered, while the unemployment rate remains stable in the medium-term outlook [1] - This reflects the Federal Reserve's confidence that inflation will cool without harming economic growth, indicating a high threshold for further rate cuts [1] Group 3: Future Expectations - The Federal Reserve will adopt a wait-and-see approach entering 2026, awaiting the arrival of a new chairman amid Powell's emphasis on patience and differing opinions within the committee [1]
骏利亨德森投资：美联储将以观望姿态进入2026年，等待新任主席到来
Sou Hu Cai Jing·2025-12-12 02:38