美联储票委：货币政策处于合适位置 12月降息“并无必要”

Core Viewpoint - The Boston Fed President Susan Collins believes there is no need for the Federal Reserve to continue lowering interest rates in December, highlighting a divergence among policymakers regarding future monetary policy actions [1][4]. Group 1: Interest Rate Decisions - The Federal Open Market Committee (FOMC) voted 10 to 2 to lower the federal funds rate by 25 basis points in October, bringing the target range to 3.75%-4.00% [2]. - Collins has called for caution regarding further rate cuts, stating that the conditions for additional cuts have a "relatively high threshold" [5]. Group 2: Inflation and Economic Conditions - Collins noted that the current policy stance may still be appropriate given that inflation remains above the Fed's 2% target, especially in the context of strong financial market performance supporting economic resilience [3]. - She indicated that overall financial conditions are currently more favorable than unfavorable, suggesting that there is no urgent need for a more accommodative monetary policy [4]. Group 3: Labor Market Insights - The September employment report showed mixed results, with 119,000 new jobs added but an increase in the unemployment rate by 0.1 percentage points to 4.4% [6]. - The delay in the report's release due to a government shutdown has added to the uncertainty surrounding the labor market [6]. Group 4: Market Expectations and Uncertainty - Since the end of October, traders have shown high uncertainty regarding the December decision, with bets on a rate cut probability dropping below 40% earlier this week [8]. - Following comments from New York Fed President John Williams, expectations for a rate cut in December increased, as he suggested that a cut could be reasonable in the near future [9][10].