Core Viewpoint - The article discusses the increasing divergence among Federal Reserve officials regarding future interest rate adjustments, highlighting contrasting views on the necessity and timing of potential rate cuts [4][10][12]. Group 1: Federal Reserve Officials' Perspectives - Kansas City Fed President Jeffrey Schmid expressed concerns that excessive rate cuts could hinder inflation from returning to the Fed's 2% target, indicating that current policy is only slightly restrictive [6][8]. - Chicago Fed President Austin Goolsbee voiced unease about aggressive rate cuts, suggesting that the current economic environment shows signs of stagflation, which complicates the Fed's dual mandate [8][9]. - Fed Vice Chair Michelle Bowman stated that inflation is close enough to the target to justify further rate cuts, emphasizing the fragility of the labor market [10][11]. Group 2: Rate Cut Probabilities - As of September 26, the probability of the Fed maintaining rates in October is 14.5%, while the likelihood of a 25 basis point cut is 85.5%. For December, the probabilities are 4.3% for no change, 35.4% for a cumulative 25 basis point cut, and 60.4% for a cumulative 50 basis point cut [4]. Group 3: Aggressive Rate Cut Proposals - New Fed Governor Stephen Milan advocated for a rapid adjustment of monetary policy, proposing a series of 50 basis point cuts to quickly reach neutral interest rates, totaling a reduction of 150 to 200 basis points [10][12]. - San Francisco Fed President Mary Daly supported the recent rate cut decision and anticipated further cuts, asserting that the economy is not heading towards recession [12].
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天天基金网·2025-09-26 01:32