当地时间7月30日，美联储结束为期两天的货币政策会议后，宣布将联邦基金利率目标区间维持在。这虽然和美国总统特朗普长期以来的降息要求背道而 驰，但符合市场的基本预期。 然而值得注意的是，在本次美联储会议上，首次有2名理事在利率决议中投反对票，这是1993年以来首次有两名美联储理事在会议中投下反对票。 对此，美国彭博社在8月4日发布了一篇纽约联邦储备银行前行长（美联储三号人物）、现任瑞士银行非执行董事、比尔·达德利的文章称：两位理事的反对 不会影响到美联储的政策和履职；而这两位理事之所以投下反对票，是因为一位"要报恩"，一位"想上位"。 比尔·达德利彭博社 达德利认为，尽管特朗普在过去的很长一段时间中都不断通过媒体等方式向美联储主席鲍威尔施加压力，要求美联储降息，但"特朗普对鲍威尔几乎没有影 响力"。根据美国最高法院的规定，除非"有正当理由"，否则美联储主席不能被直接解职，而特朗普提不出这样的理由，并且鲍威尔卸任后也可能继续担任 美联储理事。因此，美联储的控制权被牢牢地控制在鲍威尔手中。 此前包括彭博社在内的多家媒体都在报道中强调，这是"1993年以来首次有两名美联储理事在会议中投下反对票"。达德利也同意，一般在 ...

Group 1 - The secured overnight financing rate (SOFR) was reported at 4.39% on July 31, up from 4.32% the previous day [1] - The effective federal funds rate remained unchanged at 4.33% on the same day, consistent with the previous day's rate [1]

来源：第一财经 近期，美国总统特朗普多次公开呼吁美联储大幅降息，甚至威胁要解雇鲍威尔，并批评美联储"缺乏行动勇气"。30 日早些时候，特朗普再次喊话美联储应该降息，表示维持高利率正在伤害民众。 2025.08.01 据央视新闻，当地时间7月31日，美国总统特朗普评价鲍威尔，称他是一位糟糕的美联储主席，任命鲍威尔担任美 联储主席是一个错误。 美国联邦储备委员会30日结束为期两天的货币政策会议，宣布将联邦基金利率目标区间维持在4.25%至4.50%之间 不变。这是美联储货币政策会议连续第五次决定维持利率不变，符合市场预期。 本文字数：368，阅读时长大约1分钟 ...

Core Viewpoint - The article discusses President Trump's criticism of Federal Reserve Chairman Jerome Powell, labeling him as a poor choice for the position and calling for significant interest rate cuts to alleviate public financial strain [2]. Group 1: Federal Reserve Policy - The Federal Reserve maintained the federal funds rate target range at 4.25% to 4.50%, marking the fifth consecutive meeting where rates were held steady, aligning with market expectations [2]. - Trump's repeated calls for the Federal Reserve to implement substantial rate cuts reflect his belief that high rates are detrimental to the public [2]. Group 2: Political Commentary - Trump has publicly threatened to dismiss Powell and criticized the Federal Reserve for lacking the courage to take decisive action [2].

Core Viewpoint - President Trump criticized Federal Reserve Chairman Jerome Powell, calling him a poor choice for the position and stating that appointing Powell was a mistake [1] Monetary Policy - The Federal Reserve concluded a two-day monetary policy meeting on July 30, maintaining the federal funds rate target range at 4.25% to 4.50%, marking the fifth consecutive meeting where rates were held steady, aligning with market expectations [1] - President Trump has repeatedly called for significant interest rate cuts from the Federal Reserve, claiming that high rates are harming the public [1]

Group 1 - The secured overnight financing rate (SOFR) was reported at 4.32% on July 30, down from 4.36% the previous day [1] - The effective federal funds rate was reported at 4.33% on the same day, unchanged from the previous day [1]

Group 1 - The secured overnight financing rate (SOFR) was reported at 4.32% on July 30, down from 4.36% the previous day [1] - The effective federal funds rate was reported at 4.33% on the same day, unchanged from the previous day [1]

中新社华盛顿7月30日电 (记者 沙晗汀)美国商务部当地时间30日公布的首次预估数据显示，今年第二季 度美国实际国内生产总值(GDP)环比按年率计算增长3%，高于市场普遍预期。 数据显示，2025年二季度美国经济环比增长3%，扭转了第一季度经济环比萎缩0.5%的局面。 美媒认为，第二季度经济增长主要受进口大幅下降和个人消费支出增加影响。进口大幅下降主要与第一 季度进口大幅增长有关，第一季度企业试图在特朗普政府加征关税政策实施前大量进口外国商品。 经济学家认为，美国经济显示出韧性，当前消费者仍在消费，但消费者对因关税政策带来的不确定性感 到担忧。 美国总统特朗普当天在社交媒体发文称，第二季度经济数据"比预期好太多了"，美国联邦储备委员 会"必须现在降息"，促进民众消费。 从具体环比数据来看，今年二季度，占美国经济总量约70%的个人消费支出增长1.4%；反映企业投资状 况的非住宅类固定资产投资增长1.9%；住宅类固定资产投资下降4.6%；政府消费支出和投资增长 0.4%；出口下降1.8%，进口大幅下降30.3%。 按贡献度计算，个人消费支出拉动当季经济增长0.98个百分点；政府消费支出和投资拉动当季经济增长 0. ...

Group 1: Report Industry Investment Rating - No relevant content Group 2: Core Viewpoints of the Report - The impact of the news on Shanghai copper is limited, and COMEX copper will move towards the price before the tariff increase [3] - In the short term, the spread between COMEX copper and LME and SHFE copper will still fluctuate, and the market needs 1 - 2 trading days to determine a reasonable spread range [7] - The price of Shanghai copper is still closely linked to LME copper, and its price trend depends on global macro - market policies and expected changes [7] Group 3: Summaries Based on Related Contents Tariff Policy and Copper Price Changes - Trump announced that starting this Friday, a 50% import tariff will be imposed on copper tubes, copper fittings, and other semi - finished copper products, and it will be extended to copper - intensive finished products such as cables and electrical components, but core upstream products like electrolytic copper are excluded [1] - Before the news, the US copper price was up to 28% higher than the London copper futures due to market expectations. After the news, the COMEX copper price in the US dropped by over 17%, and the spread with LME copper was quickly narrowed [1] Fed's Action and Copper Price - The slight decline in Shanghai copper price on Wednesday night was mainly due to the rise of the US dollar index, which was mostly caused by the Fed's actions. The Fed kept the federal funds rate target range at 4.25% - 4.5% in July, with some members in favor of a rate cut. The description of economic activity was changed, and the market's expectation of a September rate cut was dampened [3] Reasons for COMEX Copper Price Drop - The cancellation of the US refined copper import tariff led to the expected decline in COMEX copper price. The US imports nearly half of its about 160 million tons of annual refined copper consumption due to insufficient smelting capacity. The characteristics of the copper smelting industry conflict with the goals of large US capital companies, which is also an obstacle to Trump's encouragement of manufacturing return [6] - Due to the long - term speculation on copper tariffs, the COMEX copper inventory has reached 250,000 tons, almost twice that of LME. After the tariff policy change, the large amount of copper in the US cannot be digested in the short term, resulting in a large decline in COMEX copper price [6] Future Outlook - The high copper inventory in the COMEX market may not flow out, and the quantity of imported copper in transit and in the fourth quarter in the US may be greatly affected [7] - Global tariff policies' impact on demand may cast a shadow over copper prices [7]

Group 1 - The Federal Reserve announced that it will maintain the federal funds rate target range at 4.25% to 4.50%, which aligns with market expectations [1] - This decision marks the fifth consecutive time that the Federal Reserve has opted to keep interest rates unchanged [1]