Group 1 - The Federal Reserve maintained the federal funds rate target range at 3.5% to 3.75%, with future easing policies dependent on economic data performance [1] - Despite two dovish votes against the decision, the overall stance is neutral, indicating a stable economic growth and labor market [1] - Max Stainton from Fidelity International predicts three rate cuts in the second half of the year, which is higher than current market expectations [1] Group 2 - Regardless of the next Federal Reserve chair, a policy stance that is accommodative and tolerant of higher inflation risks is likely [2] - The key difference will be whether the Fed will use its balance sheet as an active policy tool, which will significantly impact the medium to long-term financial markets [2] - Fidelity International remains optimistic about equities and has shifted to favor government bonds, as economic growth concerns are beginning to outweigh inflation risks [2]
富达国际：5月新任美联储主席上任将重启宽松政策 预估今年下半年减息3次
Zhi Tong Cai Jing·2026-01-29 07:25