闪评 |“就业优先”还是“通胀优先” 美联储内部分歧加剧

Core Insights - The Federal Reserve's recent meeting minutes indicate a significant internal division regarding the future interest rate path for 2026, highlighting the challenges faced in policy decisions amid increasing economic uncertainty [1][2] Group 1: Key Signals from the Meeting Minutes - The Federal Reserve believes that the current rate cuts are reasonable, with inflation and employment being in a relatively balanced state [2] - The divergence in views among Federal Reserve officials regarding the 2026 interest rate path is attributed to three main factors: differing priorities between "employment first" and "inflation first," data collection issues due to previous government shutdowns, and significant discrepancies in external forecasts for U.S. economic growth and inflation [2] Group 2: Future Considerations for Monetary Policy - The next monetary policy meeting will require the Federal Reserve to assess whether there has been a shift in the labor market and inflation, which will influence the decision on the next interest rate path [2]