海外高频 | 美联储FOMC会议偏鸽，关注下周经济数据（申万宏观·赵伟团队）

Group 1 - The Federal Reserve's December FOMC meeting was dovish, with a 25 basis point rate cut and a restart of asset purchases, indicating a cautious approach to monetary policy [2][69][73] - The Eurozone's fiscal stance for 2026 is projected to remain neutral, with a deficit rate of 3.2% in 2025 and 3.3% in 2026, alongside a slight increase in government debt from 88.8% to 89.8% [63][64] - The U.S. job market remains resilient, with October JOLT job openings at 7.67 million, exceeding market expectations of 7.12 million [73] Group 2 - Developed market stock indices showed mixed performance, with the S&P 500 down 0.6% and the Nasdaq down 1.6%, while emerging markets generally saw gains [3][8] - The 10-year U.S. Treasury yield rose by 5.0 basis points to 4.19%, reflecting a trend of increasing yields across developed nations [17][23] - Commodity prices mostly declined, with WTI crude oil down 4.4% to $57.4 per barrel and COMEX gold up 2.5% to $4,302.7 per ounce [45][51] Group 3 - The dollar index fell by 0.6% to 98.40, while the offshore yuan appreciated to 7.0535 against the dollar [29][39] - The Eurozone's defense spending exemption is expected to increase government expenditures, contributing to the overall fiscal dynamics [63] - The U.S. economy is projected to grow at a rate of 3.6% in the third quarter, indicating stability despite rising initial jobless claims [75]