【穆迪分析：美联储或于2026年上半年积极降息三次】穆迪分析公司首席经济学家Mark Zandi认为，劳动力市场疲软、通胀不确定性及政治压力将促使美联储在2026年初积极降息。尽管市场与美联储官员均预期明年仅会适度宽松，但Zandi预计美联储将在上半年实施三次降息，每次幅度为25个基点。

Core Viewpoint - Moody's analysis suggests that the Federal Reserve may actively cut interest rates three times in the first half of 2026 due to a weak labor market, inflation uncertainty, and political pressure [1] Group 1 - Mark Zandi, Chief Economist at Moody's, anticipates that the Federal Reserve will implement three rate cuts in the first half of 2026, each by 25 basis points [1] - The market and Federal Reserve officials expect only moderate easing in the coming year, contrasting with Zandi's more aggressive forecast [1]