北京时间1月29日，美联储公开市场委员会以10-2票，决定在此前三次会议连续降息后，将联邦基金利 率目标区间维持3.5-3.75%不变。 美联储在会后声明中暗示，在经历此前三次会议连续降息后，并不急 于恢复降息。 一图速览>> 由美国总统特朗普任命的两位美联储理事沃勒和米兰，在会上投下反对票，并支持降息25个基 点。 鲍威尔坚定捍卫美联储独立性 ， 关于下一次降息、美国经济、美国总统， 他还有哪些表态？ 对于未来的货币政策，机构如何解读？ 2023 25 26 25 25 2024 50 (25 25 2025 (25) (25) 25 2026 代表当月暂停加息 有记录来美联储利率走势 2024/09 时隔四年重启摄影 1984/08 111-V 2001/01 5 5 *图中数据为目标利率最高上限 2008/12 2020/03 0.259 0.25% 时事投票 我们并没有试图阐明下次降息的时间或是否在下次会议上降 息的标准。我们想说的是,我们目前处于有利地位,可以逐 次会议地做出决策。 ▶ 坚定捍卫美联储独立性 这(美联储理事库克解职听证会)或许是美联储113年历史上 最重要的法律案件。（美联储）独立性 ...

Group 1: Federal Reserve Policy and Political Pressure - The Federal Reserve maintained the policy interest rate at 3.50%-3.75% after three consecutive rate cuts in September, October, and December 2025, marking the first pause in rate cuts in 2026[11] - The voting results showed 10 votes in favor and 2 against, with dissenting votes advocating for a 25 basis point cut, reflecting political pressure on the Fed's independence[11] - At least one-third of the questions during the press conference focused on the Fed's independence and political pressure, indicating heightened concerns in the market[12] Group 2: Trump's Influence and Challenges - Trump's political pressure on the Fed has intensified, including threats to sue Chairman Powell and push for the removal of Governor Cook, reflecting his lack of confidence in controlling the Fed[13] - The likelihood of Kevin Hassett being nominated as the next Fed Chair has significantly decreased, with Rick Rieder emerging as the leading candidate at 37% probability, compared to Hassett's 7%[17] - The changing dynamics in the nomination process suggest that Trump's ability to influence the Fed is becoming more challenging, as potential candidates show varying degrees of independence from his administration[21] Group 3: Future Rate Cuts and Economic Outlook - The Fed is expected to adopt a "hawkish resistance" stance during Powell's term, likely delaying rate cuts until June 2026, with a potential for about two rate cuts thereafter[26] - Economic indicators suggest that the U.S. job market will remain weak, with inflation expected to stabilize, allowing for some room for rate cuts without triggering inflationary pressures[27] - The Fed's independence is crucial to avoid a repeat of the 1970s inflation crisis, as political interference could lead to uncontrolled inflation and increased market volatility[29]

Group 1 - The Federal Reserve announced to maintain the federal funds rate target range at 3.5% to 3.75%, aligning with market expectations [2] - Following the Fed's decision, precious metals saw significant price increases, with London gold reaching a new high of $5400 per ounce, and COMEX silver futures rising over 10% [1][8] - The Dow Jones increased by 0.02%, while the S&P 500 decreased by 0.01%, and the Nasdaq rose by 0.17% [2] Group 2 - Major tech stocks showed mixed performance, with the Tech Giants Index up by 0.19%. Nvidia rose by 1.59%, while Apple, Amazon, Meta, and Tesla experienced declines [4] - Microsoft reported Q2 FY2026 revenue of $81.27 billion, exceeding analyst expectations of $80.31 billion, but its stock fell over 7% post-announcement [4] - Meta's Q4 2025 revenue reached $59.89 billion, surpassing market estimates of $58.42 billion, leading to a post-announcement stock increase of over 10% [5] - Tesla's Q4 2025 revenue was $24.901 billion, slightly above market expectations, resulting in a stock increase of over 3% [6] Group 3 - The Nasdaq China Golden Dragon Index rose by 0.32%, and the Chinese tech leaders index increased by 0.63%, with BYD ADR up over 2% and Alibaba, NetEase, and Xiaomi ADRs rising over 1% [7] Group 4 - International oil prices increased, with light crude oil futures for March delivery rising by $0.82 to $63.21 per barrel, a 1.31% increase, and Brent crude oil futures up by $0.83 to $68.40 per barrel, a 1.23% increase [10]

Core Viewpoint - The Federal Reserve decided to maintain the federal funds rate target range at 3.5% to 3.75% during the latest FOMC meeting, reflecting ongoing concerns about employment growth and high inflation levels [2] Summary by Relevant Sections Monetary Policy Decision - The Federal Reserve's decision to keep the interest rate unchanged was supported by a vote of 10 in favor and 2 against, with dissenting votes from Governors Waller and Milan who advocated for a 25 basis point cut [2] Economic Indicators - Current indicators suggest that employment growth remains low, while the unemployment rate shows signs of stabilization. Inflation levels continue to be high, prompting the committee to focus on achieving maximum employment and a long-term inflation target of 2% [2] Market Expectations - Prior to the policy announcement, market expectations indicated that the Federal Reserve would maintain the interest rate steady, following three consecutive rate cuts in the latter half of 2025 [2]

The Federal Reserve held rates steady on Wednesday, at the central bank's first meeting of the year. "Economic activity has been expanding at a solid pace,†a policy statement released by the Fed board said. "Job gains have remained low, and the unemployment rate has shown some signs of stabilization. Inflation remains somewhat elevated.†...

【导读】美联储不降息，黄金、白银走高 中国基金报记者 泰勒 兄弟姐妹们啊，泰勒熬夜加班，一起关注一下美联储不降息的消息。 北京时间1月29日凌晨三点，如市场预期，美联储自去年7月以来首次决定维持利率不变。美联储以10比2的投票结果决定将基准利率维持在3.5%~3.75% 的区间。 以下是美联储的声明全文： 可获得的各项指标显示，经济活动正以稳健的速度扩张。就业增长仍处于较低水平，失业率已出现一些趋于稳定的迹象。通胀仍处于偏高水平。 委员会致力于在较长期内实现充分就业，并将通胀率维持在2%的目标水平。对经济前景的不确定性仍然较高。委员会密切关注其双重使命两方面的风 险。 为支持其目标，委员会决定将联邦基金利率目标区间维持在3.5%至3.75%不变。在考虑对联邦基金利率目标区间进一步调整的幅度与时机时，委员会将 仔细评估后续公布的数据、不断变化的前景以及风险的平衡。委员会坚定致力于支持充分就业，并推动通胀回落至2%的目标水平。 在评估货币政策的适当立场时，委员会将继续关注新获取信息对经济前景的影响。如出现可能阻碍委员会目标实现的风险，委员会将准备在适当情况 下调整货币政策立场。委员会的评估将综合广泛信息，包括劳动 ...

当地时间1月28日，美联储最新的联邦公开市场委员会（FOMC）货币政策会议纪要显示，美联储决定将联邦基金利率目标区间继续维持在3.5%至 3.75%之间。 会议纪要显示，现有指标表明，就业增长仍处于低位，失业率已显现出趋于稳定的迹象。通胀水平仍处于较高水平。委员会致力于实现最大就业和 长期通胀率达到2%的目标。经济前景的不确定性仍然很高。委员会密切关注其双重使命面临的风险。为支持其目标，美联储决定将联邦基金利率目 标区间继续维持在3.5%至3.75%之间。 具体表决细节显示，美联储以10票赞成、2票反对的结果，决定将基准利率维持在3.5%至3.75%区间。美联储理事沃勒以及米兰投下反对票，主张降 息25个基点。 在此次利率政策出台前，市场普遍预期美联储将在本周政策会议上维持利率不变，此前该机构已在2025下半年连续三次降息。 ...

美联储按兵不动。决议声明称，理事沃勒、米兰倾向于降息25个基点。 风险提示及免责条款 市场有风险，投资需谨慎。本文不构成个人投资建议，也未考虑到个别用户特殊的投资目标、财务状况或需要。用户应考虑本文中的任何 意见、观点或结论是否符合其特定状况。据此投资，责任自负。 ...

专题：ATFX外汇专栏投稿 1月28日，ATFX：北京时间周四3：00，美联储将公布开年首次利率决议结果，3：30美联储主席鲍威尔 将召开货币政策新闻发布会。金融机构认为，美联储将会在本次利率决议上按兵不动，暂停加息。市场 关注焦点在于美联储新闻发布会期间对通胀、就业和2026降息次数的发言。 美元指数持续大跌可能影响美联储货币政策决议。美联储核心目标是维持物价稳定和充分就业，美元指 数的涨跌一般不会对利率升降产生影响。不过，此一时彼一时，美元指数过度的下跌一定会引起美联储 官员的注意。 如果美联储主席鲍威尔不对美元指数的下跌发表看法，可能引发市场失望情绪。不过，美国总统特朗普 已经表态，面对是否会干预汇市的提问，他表示：我希望（美元）回归自身应有的水平，这是合理的做 法；我可以让它像悠悠球一样涨跌。此番表态被解读为特朗普无意对美元指数的下跌进行干预。 1月19日至今，七个完整交易日，美元指数只有一个交易日收阳线，其余均为大幅度阴K线。美元指数 从最高点99.47猛跌至最低95.49，显著拉跌了市场人士此前对美元指数"触底反弹"的预期。 本轮美元指数下跌的原因，并不在于内部，而是来自外部。特朗普公开喊话夺取格 ...

本报（chinatimes.net.cn）记者叶青 北京报道 1月28日，现货黄金再创新高，首次突破5200美元/盎司关口，截至当日，现货黄金2026年1月以来累计 涨超880美元/盎司，涨幅达20%。在贵金属大涨之际，芝加哥商品交易所（CME）27日发布通知，对白 银、铂金及钯金部分品种期货合约的直接保证金率（OutrightRates）参数作出调整。不过，此次调整通 知未涉及黄金相关合约。 "近日金价先上冲至5100美元/盎司关口创阶段新高，随后更是突破5200美元/盎司刷新历史新高，这是地 缘政治风险、央行购金、资金流入等多重因素叠加的结果。当前市场对于中东局势进一步升级的担忧情 绪持续升温。此外，随着西方多国联盟内部裂痕持续加深，加之美元信用承压，避险资金持续涌入黄金 市场。"资深黄金分析师沈璟财在接受《华夏时报》记者采访时表示。 地缘风险助推金价再创新高 据新华社消息，1月26日美军中央司令部称，美国海军"亚伯拉罕·林肯"号航空母舰打击群"正部署到中 东"。分析认为，如果美国总统特朗普选择对伊朗动武，这将为他提供更多军事选项。同一时期，特朗 普也表示，已派遣一支庞大的舰队到中东地区，"比在委内瑞拉的 ...