多数与会者预计美国通胀将在今年逐步回落，"但下降的节奏和时点仍存在不确定性"。他们提到关税对价格的推升作用，并预计其影响将随着时间减 弱。 文件指出："大多数与会者警告，通胀回落至2%目标的进展可能比预期更慢、更不均衡，且通胀持续高于目标的风险仍然显著。" 美联储最新公布的1月货币政策会议纪要显示，官员在利率前景问题上出现明显分歧，在抑制通胀和支持劳动力市场之间摇摆不定。 在1月28日结束的货币政策会议后，美联储联邦公开市场委员会（FOMC）宣布将联邦基金利率目标区间维持在3.50%至3.75%之间不变，结束了"三 连降"。 决议中，美联储的两位理事斯蒂芬·米兰（Stephen Miran）和克里斯托弗·沃勒（Christopher Waller）投出了反对票，他们倾向于降息25个基点。 最新公布的会议纪要写道，"在评估货币政策前景时，一些与会者表示， 如果通胀如预期般回落，进一步下调联邦基金利率目标区间可能是合适的。 " 不过，决策者对于政策下一步方向并未达成共识，有官员主张把重点放在抑制通胀上，也有人更强调就业支持。 纪要指出："部分与会者认为，在委员会谨慎评估即将公布的数据期间，政策利率可能需要在一段时 ...

Group 1 - The core viewpoint of the articles indicates that gold and silver prices have rebounded after a decline, with gold futures for April 2026 closing at $4996.10 per ounce, reflecting a 1.84% increase [1] - The Federal Open Market Committee (FOMC) released minutes from its January meeting, suggesting that inflation driven by tariffs is expected to ease over time, although there is significant uncertainty regarding the timeline [1] - FOMC members noted that while the labor market appears to be stabilizing after a cooling period, consumer price inflation remains slightly elevated [1] Group 2 - Market analysts believe that the precious metals market is currently more influenced by speculative factors rather than fundamental factors, with prices exhibiting a pattern of slow increases followed by rapid declines [2] - The next bullish target for April gold futures is to break through the strong resistance level of $5250, while the bearish target is to fall below the technical support level of $4670 [2] - For March silver futures, the next bullish target is to surpass the strong technical resistance level of $90, while the bearish target is to drop below the strong support level of $63.9 [2][3]

当地时间周三，美联储公布的1月货币政策会议纪要未改变市场对于6月将启动降息的预期，另外当天美 国公布的多项经济数据表现强劲，叠加科技以及能源股走强，推动美国三大股指集体收涨。其中，道指 上涨0.26%，标普500指数上涨0.56%，纳指上涨0.78%。个股方面，受Meta计划大规模部署英伟达芯片 的消息提振，英伟达股价周三上涨超1.8%；美光科技股价当天上涨5.3%，其股票近期被知名对冲基金 经理大卫·泰珀旗下的阿帕卢萨管理公司增持。 存储芯片巨头西部数据计划出售闪迪部分股份 交易规模超30亿美元 另外，存储芯片巨头西部数据日前宣布，计划出售其所持有的部分闪迪股份，交易规模超30亿美元。分 析认为，此次股份出售将增强西部数据的资本配置灵活性。西部数据股价周三上涨近4.4%。 会议纪要显示美联储内部对于未来货币政策路径存分歧 美联储最新公布的会议纪要显示，其内部仍然对货币政策路径存在分歧，明确提到有联储官员讨论加息 的可能性，在就业下行风险有所缓和的背景下，通胀风险依旧是核心关注点。与会者普遍预计，通胀将 在年内回落，"但回落速度和时点仍不确定"，并预计关税对价格的影响将在年内逐步减弱。 贵金属方面，周三，投资 ...

Core Viewpoint - The upcoming nominations for the Bank of Japan's policy committee by Prime Minister Fumio Kishida are crucial for understanding the future direction of monetary policy, with market expectations leaning towards a pro-reflation stance [1][2]. Group 1: Nominations and Market Reactions - Kishida is expected to propose replacements for two current committee members, Asahi Noguchi and Junko Nakagawa, with the nominations likely to be made during a parliamentary session on February 25 [1]. - A Bloomberg survey indicated that 63% of Bank of Japan observers anticipate that Noguchi's successor will have a strong pro-reflation bias, raising concerns about potential yen depreciation and bond yield increases if both positions are filled by aggressive monetary easing advocates [2][4]. - The political landscape complicates the nomination process, as Kishida's party does not hold a majority in the upper house, adding uncertainty to the approval of these appointments [1]. Group 2: Kishida's Policy Stance - Kishida is known for her support of stimulus policies and a cautious approach to interest rate hikes, having previously stated that raising rates would be "foolish" [2][3]. - Since taking office, Kishida has appointed several pro-reflation figures to her economic advisory team, indicating a preference for policies that stimulate economic growth [2]. - Following her electoral victory, Kishida has adopted a more cautious tone regarding monetary policy, avoiding specific discussions and emphasizing responsible fiscal policies [3]. Group 3: Committee Dynamics - Observers believe that even if Kishida appoints strong advocates of monetary easing, the overall balance of the policy committee may not change significantly, as Noguchi was already a proponent of stimulus [4]. - The successor to Nakagawa is of particular interest, as she has consistently supported all rate hike decisions, and a pro-reflation appointment could shift the policy balance more noticeably [5]. - The nominations are expected to maintain gender balance within the committee, continuing the progress made with the inclusion of two female members last year [5].

美国联邦储备委员会18日公布的1月货币政策会议纪要显示，虽然几乎所有联邦公开市场委员会成员支 持维持利率不变，但美联储官员对货币政策走向的判断依然充满分歧。 会议纪要还显示，多个官员警告，保持过度约束性的货币政策可能让劳动力市场面临进一步恶化的风 险。 在1月28日结束的美联储货币政策会议上，10名联邦公开市场委员会成员支持维持利率不变，2名主张降 息25个基点的成员投下反对票。 美联储将于3月17日至18日召开下一次货币政策会议。 来意：新华财经 会议纪要显示，与会官员表示，如果通胀像预期的那样下降，进一步下调联邦基金利率目标区间或是合 适的。此外，一些与会者支持利率指引中用"双向"表述，若通胀持续高于2%，可能适合加息。 会议纪要显示，所有参会官员同意没有预设的货币政策路径，货币政策将反映最新数据、不断演变的经 济前景以及风险的整体情况。 ...

会议纪要显示，所有参会官员同意没有预设的货币政策路径，货币政策将反映最新数据、不断演变的经 济前景以及风险的整体情况。 转自：新华财经 新华财经纽约2月18日电（记者刘亚南）美国联邦储备委员会18日公布的1月货币政策会议纪要显示，虽 然几乎所有联邦公开市场委员会成员支持维持利率不变，但美联储官员对货币政策走向的判断依然充满 分歧。 会议纪要显示，与会官员表示，如果通胀像预期的那样下降，进一步下调联邦基金利率目标区间或是合 适的。此外，一些与会者支持利率指引中用"双向"表述，若通胀持续高于2%，可能适合加息。 在1月28日结束的美联储货币政策会议上，10名联邦公开市场委员会成员支持维持利率不变，2名主张降 息25个基点的成员投下反对票。 美联储将于3月17日至18日召开下一次货币政策会议。 编辑：王媛媛 会议纪要还显示，多个官员警告，保持过度约束性的货币政策可能让劳动力市场面临进一步恶化的风 险。 ...

美联储公布的最新会议纪要显示，与会者预计通胀率将逐步下降至2%的目标水平，但下降的速度和时间仍不确定。部分与会者认为，在通胀率偏高的情 况下进一步降息，可能会削弱市场对美联储通胀目标承诺的信心。 欧美股市集体上涨 数据显示，当地时间2月18日，美股三大指数集体上涨。截至收盘，道指涨0.26%，纳指涨0.78%，标普500指数涨0.56%。 当地时间2月18日，欧美股市迎普涨行情。美股三大指数集体收涨，英国富时100指数、法国CAC40指数盘中双双创出历史新高。 大宗商品市场方面，贵金属价格、油价携手上涨。 北京时间2月19日凌晨，美联储披露的1月货币政策会议纪要显示，美联储内部对货币政策未来走势分歧明显。 一些与会者认为，如果通胀如预期下降，可能适合进一步降息；一些与会者认为，若通胀率持续高于2%（美联储目标通胀率），则可能适合加息；还有 一些与会者认为，在通胀率偏高的情况下进一步降息，可能会削弱市场对美联储通胀目标承诺的信心，从而使通胀率上行的预期更加"根深蒂固"。 对于通胀前景，与会者预计，通胀率将逐步下降至2%的目标水平，但下降的速度和时间仍不确定。关税对核心商品价格的影响今年可能开始减弱。大多 数与会 ...

澳大利亚失业率保持低位，招聘依然强劲，进一步印证澳大利亚央行的观点，即经济能够承受更紧缩的 货币政策。 澳大利亚统计局周四公布的数据显示，1月份失业率维持在4.1%，低于经济学家预测的4.2%。就业人数 增加1.78万人，且全部来自全职岗位。去年12月新增就业人数也被上修。 今年以来，澳大利亚央行在全球主要央行中率先加息。澳央行正在努力推动通胀率回归2-3%的目标区 间，同时维持劳动力市场健康。澳大利亚央行表示，这一政策路径仍然"恰当"。 多数经济学家和市场人士预计，澳大利亚央行将在3月16日至17日召开的议息会议上维持利率在3.85% 不变，待一季度通胀数据出炉后，5月份可能再次加息。澳大利亚统计局将于下周三公布1月份消费者价 格。 澳大利亚失业率保持低位，招聘依然强劲，进一步印证澳大利亚央行的观点，即经济能够承受更紧缩的 货币政策。 澳大利亚统计局周四公布的数据显示，1月份失业率维持在4.1%，低于经济学家预测的4.2%。就业人数 增加1.78万人，且全部来自全职岗位。去年12月新增就业人数也被上修。 今年以来，澳大利亚央行在全球主要央行中率先加息。澳央行正在努力推动通胀率回归2-3%的目标区 间，同时维 ...

Core Viewpoint - The Japanese Prime Minister, Fumio Kishida, emphasizes the need for close cooperation between the government and the Bank of Japan to achieve a sustainable 2% inflation target amid wage growth [1] Group 1 - The Prime Minister expressed her desire for the Bank of Japan to continue implementing appropriate monetary policies [1] - The focus is on achieving stable inflation driven by wage growth rather than cost-push factors [1] - The Prime Minister held a routine meeting with the Bank of Japan Governor, Kazuo Ueda, to discuss the economic and financial situation [1]

Key Points - The Federal Reserve released the minutes of its monetary policy meeting [1] - API crude oil inventory data for the week ending February 13 will be published [2] - Australia's seasonally adjusted unemployment rate for January will be reported [3] - Switzerland's trade balance for January will be released [4] - Eurozone's seasonally adjusted current account for December will be announced [5] - The CBI industrial order balance for the UK in February will be reported [6] - Initial jobless claims in the US for the week ending February 14 will be released [7] - The US trade balance for December will be published [8] - The Philadelphia Fed manufacturing index for February will be reported [9] - Federal Reserve's Kashkari will give a speech [10] - The preliminary consumer confidence index for the Eurozone in February will be announced [11] - The month-on-month change in the US pending home sales index for January will be reported [12] - EIA natural gas inventory data for the week ending February 13 will be released [13] - EIA crude oil inventory data for the week ending February 13 will be published [14] - EIA Cushing crude oil inventory data for the week ending February 13 will be reported [15] - EIA strategic petroleum reserve inventory data for the week ending February 13 will be released [16]