Core Viewpoint - The Federal Reserve's decision to cut interest rates by 25 basis points does not indicate the start of a long-term easing cycle, which dampens market bullish sentiment [1][3]. Market Dynamics - The Dow Jones increased by 260.42 points (0.57%) to 46018.32, while the Nasdaq fell by 72.63 points (0.33%) to 22261.33, and the S&P 500 decreased by 6.41 points (0.10%) to 6600.35 [4]. - Among the 11 sectors of the S&P 500, the financial sector rose by 0.96%, and the energy sector increased by 0.28%, while the industrial sector fell by 0.47% and the information technology sector declined by 0.7% [4]. - In the ETF market, the semiconductor ETF dropped by 0.64%, while the energy ETF rose by 0.23% and the financial ETF increased by 0.97% [4]. Stock Performance - Major tech stocks showed mixed results, with Nvidia down 2.62%, Amazon down 1.04%, and Google A down 0.65%, while Microsoft rose by 0.19% and Apple increased by 0.35% [5]. - Lyft's stock surged by 13% following the announcement of a partnership with Waymo for autonomous taxi services in Nashville, while competitor Uber fell by 5% [6]. - Workday's shares rose by 7.25% after reports of Elliott Management acquiring over $2 billion in shares [7]. - StubHub's stock fell over 6% on its first day of trading, marking a reversal in the hot IPO market [8]. - Chinese concept stocks mostly rose, with the Nasdaq Golden Dragon China Index up 2.85%, including Baidu up over 11% and NIO up over 6% [8].

新任美联储理事米兰有何主张？关于风险管理式降息，鲍威尔如何表态？一图速览>> 2025 代表当月暂停加息 有记录来美联储利率走势 2024/09 时隔四年重启宗公 1984/08 11.5% 2023/07 2001/01 5.5% 5.5% 2025/9 *图中数据为目标利率最高上限 2008/12 2020/03 0.25% 0.25% 美联储最新点阵图 2026 2027 2025 2028 点阵图显示,美联化 内部分歧巨大。 ■ 关于反对票: 50个基点的降息完全没有得到广 泛支持 ..... 过去五年，我们也曾实 施非常大幅度的加息和降息,它 通常发生在政策明显偏离、需要 讯速调整的时候。现在不是这样 的情况。今年迄今,我认为我们 的政策一直是对的。 在此次降息后, 赞J 年内按兵不动或再β 息2次的委员分别有 位和9位。外界预测， 有1位主张年内激进β 息150个基点的委 { 可能是刚进入美联们 理事会的米兰。 相比之下，2026年的预测分布更为分散,利率区间中值集中? 3.25%-3.75%，与目前的利率水平相比，有75个基点的降息空间。 美联储主席鲍威尔 机构候读 ■ 关于风险管理式降息: 在 ...

Core Viewpoint - The Federal Reserve has lowered the federal funds rate target range by 25 basis points to 4.00%-4.25%, indicating the possibility of two more rate cuts within the year, amidst significant internal divisions among committee members [1][3][8]. Summary by Relevant Sections Federal Reserve Actions - The Federal Reserve's decision to cut rates reflects a risk management approach, balancing upward inflation risks against downward employment risks [5][8]. - The dot plot indicates a split among committee members, with 6 supporting no further cuts and 9 favoring two additional cuts this year [1][3]. Economic Projections - The median forecast for the federal funds rate in 2026 is concentrated between 3.25%-3.75%, suggesting a potential 75 basis points of room for further cuts compared to current levels [4]. - Projected GDP growth rates for 2025, 2026, and 2027 are 1.6%, 1.8%, and 1.9% respectively, with unemployment rates expected to decline slightly from 4.5% in 2025 to 4.3% in 2027 [11]. Inflation and Employment Insights - Commodity price increases are identified as a significant driver of inflation, with expectations that these effects will intensify in the remaining months of the year and into the next [7]. - The labor market is showing signs of softening, which supports the rationale for the recent rate cut and potential future cuts [8][10].

据新华社报道，美国联邦储备委员会9月17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 区间下调25个基点到4.00%至4.25%之间。这是美联储2025年第一次降息，也是继2024年三次降息后再 次降息。 此次决议以11票赞成、1票反对获得通过，唯一持不同意见的理事米兰（Stephen Miran）主张一次性降 息50个基点。美联储在最新经济预测中还暗示，年内可能会再有两次降息。 美联储主席鲍威尔在会后新闻发布会上表示，就业市场走弱是促使美联储启动降息的主要原因。"劳动 力需求已经放缓，就业增长的步伐低于维持失业率稳定所需的水平。"他说，劳动力市场不再"非常稳 健"。 这一决定出台之际，美国总统特朗普持续向美联储施压，要求更大幅度的降息，并试图扩大对白宫核心 经济团队与美联储的影响力。据悉，他正推动调整部分理事席位，将白宫顾问安插进决策层。本次会议 中，新任理事米兰和特朗普试图以涉嫌房贷欺诈为由罢免的美联储理事库克（Lisa Cook）均参加了讨 论。 在接受南方财经记者的采访中，前纽约联储银行信贷风险主管理查德·罗伯茨（Richard Roberts）表示， 此次降息"不是恐慌性的，而是一次谨慎而温 ...

Monetary Policy - The Federal Reserve lowered the federal funds target rate by 25 basis points to a range of 4.00%-4.25% on September 17, 2025, while maintaining the pace of balance sheet reduction[1] - The Fed's dot plot indicates a total of 75 basis points of rate cuts this year and 25 basis points each in the following two years, which is lower than market expectations of 75 basis points for both years[1] Economic Outlook - GDP growth for the first half of 2025 was 1.5%, down from 2.5% in 2024, indicating a slowdown in economic activity[2] - The unemployment rate is projected to be 4.5% for 2025, with a slight decrease to 4.4% in 2026, reflecting concerns about job market stability[5] Inflation Trends - Inflation risks are decreasing, with the PCE inflation rate expected to be 3.0% for 2025, unchanged from previous forecasts[5] - Commodity inflation has rebounded, while service inflation continues to decline, suggesting mixed inflationary pressures[2] Market Reactions - Following the Fed's announcement, major U.S. stock indices experienced fluctuations, with the S&P 500, Nasdaq, and Dow Jones showing changes of -0.10%, -0.33%, and +0.57% respectively[4] - The 2-year and 10-year Treasury yields rose by 1 basis point to 3.52% and 2 basis points to 4.06%, respectively, indicating market adjustments to the Fed's guidance[4] Investment Strategy - Short-term risk assets may enter a volatile phase, while the medium-term outlook remains bullish on U.S. equities, with potential opportunities for adjustments until the end of next year[4] - The focus will shift to the outcomes of U.S.-China negotiations and the stance of Trump and Congress on the fiscal policy for FY26, which could impact market dynamics[4]

男生普通话版 下载mp3 女声普通话版 下载mp3 粤语版 下载mp3 西南方言版 下载mp3 东北话版 下载mp3 上海话版 下载mp3 今日优选 美联储宣布降息25个基点，点阵图中值暗示今年将累计降息3次 沙特与巴基斯坦签署共同防御协议 财政部：1-8月证券交易印花税收入同比增长81.7% 李家超：推动香港成为国际黄金交易市场，拓展黄金仓储 市场盘点 鲍威尔：劳动力市场风险偏向下行，此次降息可理解为风险管理式降息 美国财长贝森特曾同时列两处房产为"主要居所"与库克遭罢免理由一致 加拿大央行降息25个基点，从政策声明中删除了降息的前瞻性指引 欧盟宣布对以色列的制裁措施 周三，港股高开高走，科网股带动恒生科技指数走强，百度盘中一度涨近20%，恒指收涨1.78%，报26908.39点。恒生科技指数收涨4.22%，报6334.24点。截 至收盘，恒指大市成交额3602.84亿港元。盘面上，职业教育板块走高，半导体股强势，内房股、航空股回暖；黄金股跌幅居前，禽畜肉类板块回调。个股 方面，花样年控股(01777.HK)涨27%，商汤(00020.HK)涨15.8%，百度(09888.HK)涨15.7%，蔚来汽车(09 ...

Group 1: Federal Reserve Rate Cut - The Federal Reserve announced a 25 basis point rate cut, initiating a new rate cut cycle for the year, with expectations of two more cuts by the end of the year [1] - The current federal funds rate is now between 4% and 4.25%, driven by disappointing non-farm employment data and inflation falling below 3% [1] - Powell's statement indicated that this rate cut is a "risk management" measure rather than the start of a continuous rate cut trend, marking a shift from his previously hawkish stance [1] Group 2: Market Reactions - Following the rate cut announcement, U.S. stock indices initially surged but then quickly retreated, while the dollar index experienced a significant drop before rebounding [2] - Chinese concept stocks saw substantial gains, and gold prices surged, with spot gold exceeding $3,700 per ounce, reaching a historical high [2] - Goldman Sachs has raised its gold price target to $5,000 per ounce, aligning with the long-term bullish outlook on gold prices [2] Group 3: Global Monetary Policy Implications - The Fed's rate cut may trigger a wave of rate cuts from global central banks, including the People's Bank of China, which has room for monetary policy easing [3] - This easing could support the ongoing bull market in capital markets, with a trend of savings shifting towards equities and funds becoming more pronounced [3] - Investors are encouraged to increase their allocation to stocks and funds, while also considering a 20% allocation to gold assets for value preservation [3]

In support of our goals. And in light of the shift in the balance of risks. Today, the Federal Open Market Committee decided to lower our policy interest rate by a quarter percentage point.The labor market was in very solid condition with strong job creation and all those things. I think if you go back to April and now look at the revised job creation numbers for four May, June, July and August. You can kind of I can no longer say that we did welcome a new committee member today, as we always do, and the co ...

来源：环球市场播报 北京时间9月18日凌晨，美股周三收盘涨跌不一。美联储将基准利率25个基点符合预期，但美联储主席 鲍威尔表示，此举并不意味着央行将开启长期的降息周期。 道指涨260.42点，涨幅为0.57%，报46018.32点；纳指跌72.63点，跌幅为0.33%，报22261.33点；标普 500指数跌6.41点，跌幅为0.10%，报6600.35点。 美东时间周三下午2点，联邦公开市场委员会（FOMC）以11比1的投票结果，将其隔夜拆借利率基准利 率下调了0.25个百分点，使隔夜资金利率区间降至4%至4.25%。央行的"利率路径点阵图"还暗示，今年 余下时间可能再实施两次降息。 就业方面，8月非农失业率升至4.3%，尽管从历史标准来看仍处于较低水平，但已创下2021年10月以来 的新高。 今年以来，美国新增就业岗位增长陷入停滞；美国劳工统计局近期发布的修正数据显示，在2025年3月 之前的12个月里，美国经济新增就业岗位数量比最初报告的少了近100万个。 美联储理事沃勒对这一状况尤为担忧，他表示，美联储应立即实施宽松政策，以防范劳动力市场未来可 能出现的问题。此外，沃勒也被视为鲍威尔主席的潜在继任者。 ...

Core Viewpoint - The market widely anticipates that the Federal Reserve will announce interest rate cuts in the upcoming meetings, with a focus on the number and magnitude of cuts by the end of the year [1][2][3] Economic Indicators - The latest inflation data shows that the U.S. August CPI rose by 2.9% year-on-year, slightly above the previous value of 2.7%, while the core CPI remained stable at 3.1% [1][2] - Employment data indicates a weak job market, with non-farm payrolls increasing by only 22,000 in August, significantly lower than the revised July figure of 79,000 and market expectations [2][3] Federal Reserve's Actions - Analysts predict that the Federal Reserve is likely to cut rates by 25 basis points in both September and October, with further cuts dependent on employment data in December [1][3] - The expectation of rate cuts is reinforced by stable inflation and weak employment data, which may prompt the Fed to act to stimulate the job market [2][3] Asset Market Outlook - The anticipated rate cuts are expected to inject liquidity into the market, benefiting assets like U.S. stocks and gold [4][5] - U.S. stock indices reached historical highs, driven by expectations of rate cuts, although valuations are considered relatively high, limiting short-term upside potential [4] - Gold is expected to benefit from the rate cut expectations, with a projected upward trend in prices due to the combination of inflation risks and declining real interest rates [5]