美联储2026年1月29日FOMC会议总结

Group 1 - The Federal Reserve maintains the federal funds rate target range at 3.50%-3.75%, ending a three-meeting rate cut streak that began in September 2025 [1] - The decision was passed with a vote of 10 in favor and 2 against, with dissenting votes from Governors Stephen Milan and Christopher Waller, who advocated for a 25 basis point cut [1] - The economic assessment indicates steady expansion in U.S. economic activity, with signs of stabilization in the labor market as the Fed removed previous language about rising employment downside risks [1] Group 2 - Inflation remains elevated, with the Fed reaffirming its commitment to the 2% long-term target, despite a significant decline from peak levels [1] - The Fed continues its asset-liability management policy, maintaining liquidity by purchasing short-term Treasury securities and reinvesting principal from agency securities into Treasury bills [1] - Market reactions were moderate, with a slight strengthening of the dollar and a 4 basis point increase in the 10-year Treasury yield to 4.263%; expectations for rate cuts later in the year were adjusted slightly, with a 28% probability for a cut in April [1]