盘面上，美股三大指数收盘涨跌互现，大型科技股表现分化。 美联储按兵不动 据新华社报道，美国联邦储备委员会28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3.5%至3.75%之间不变。这一决定符合市场 预期。 当地时间1月28日，美联储宣布维持联邦基金利率目标区间在3.5%至3.75%之间不变。 受此影响，贵金属市场大幅走高，伦敦金现价格冲上5400美元/盎司，再创新高；COMEX白银期货涨超10%。 芝加哥商品交易所美联储观察工具显示，截至当日早些时候，市场认为美联储在此次货币政策会议上维持利率不变的概率超过95%。 Wind数据显示，截至当日收盘，道指涨0.02%，标普500指数跌0.01%，纳指涨0.17%。 美股大型科技股表现分化，万得美国科技七巨头指数上涨0.19%。成分股中，英伟达涨1.59%，谷歌、微软分别涨0.38%、0.22%；苹果、亚马逊、Meta、 特斯拉收跌。 | 盗版 成分 | 资讯 相关基金 | 月度收益 | | | --- | --- | --- | --- | | 名称 | 现价 | 涨跌幅 ◆ | lil | | 英伟达(NVIDIA) | 191.520 | ...

Core Viewpoint - The Federal Reserve decided to maintain the federal funds rate target range at 3.5% to 3.75%, aligning with market expectations, after previously lowering rates by 25 basis points in three consecutive meetings [1][3][13]. Economic Indicators - Current indicators suggest that U.S. economic activity continues to expand at a moderate pace, with signs of stabilization in the labor market and a slight increase in the unemployment rate as of September [6][18]. - Inflation remains relatively high, with the core PCE slightly above 2% after excluding the impact of tariffs, which are expected to peak and then decline this year [11][18]. Federal Open Market Committee (FOMC) Decision - The FOMC reaffirmed its commitment to achieving maximum employment and a 2% inflation target, acknowledging the high uncertainty in the current economic outlook [18]. - The decision to keep the interest rate unchanged reflects a careful assessment of the latest data and economic risks, with readiness to adjust monetary policy if necessary [18]. Voting Dynamics - Two members of the FOMC, Stephen Miran and Christopher Waller, voted against the decision to maintain the rate, advocating for a 25 basis point cut [15]. - The voting dynamics indicate differing views within the committee regarding the appropriate monetary policy stance [8][15]. Market Reaction - Following the announcement, the U.S. dollar index saw an increase of up to 1%, while major U.S. stock indices experienced minimal fluctuations [17].

美联储"按兵不动"。 北京时间1月29日凌晨3点，美联储宣布，将联邦基金利率区间维持在3.50%—3.75%不变，符合市场普遍预期。这是美联储自2025年9月起连续三次会议降息后首次 暂停行动。美联储决议公布后，美元指数大幅拉升，日内一度大涨超1%，美股三大指数波动不大。贵金属全线大涨，现货黄金大涨4.5%，站上5400美元/盎司；现 货白银大涨4.2%，报116.6美元/盎司。 随后，美联储主席鲍威尔在新闻发布会上的讲话也释放了诸多政策信号。他表示，如果看到"关税通胀"触顶后回落，将可以进一步放松政策， 加息并非是任何人对 下一步行动的基本假设。 据CME"美联储观察"，截至发稿，美联储到3月降息25个基点的概率为13.5%，维持利率不变的概率为86.5%；美联储到4月累计降息25个基点的概率为24.1%，维持 利率不变的概率为74%，累计降息50个基点的概率为2.0%。 美联储宣布 美东时间1月28日，美联储联邦公开市场委员会(FOMC)发布了最新的利率决议，将联邦基金利率目标区间维持在3.50%—3.75%不变，符合市场预期。 在此之前，美联储已分别在连续三次会议（去年9月、10月和12月）上降息25个 ...

Monetary Policy - Interest rate hikes are not a fundamental assumption for the next steps [2][11] - The current policy stance is at the high end of the neutral rate range, and it is difficult to indicate that the policy is significantly restrictive [11][28] Inflation - Inflation risks have somewhat dissipated, with core PCE inflation expected to reach 3% by December 2025 [2] - The overall PCE price index increased by 2.9% over the past 12 months, while the core PCE index rose by 4.3% [10] - The high inflation levels are largely attributed to tariff impacts, which are expected to peak and then decline by mid-2026 [3][31] Employment - Employment risks are stabilizing, with the unemployment rate showing signs of stabilization at around 4.4% [10][11] - Job growth has been low, averaging only about 22,000 new jobs per month recently, reflecting a slowdown in labor supply growth [10][19] Tariffs - The majority of the tariff impacts have been transmitted to the economy, with expectations that tariff-induced inflation will dissipate by mid-2026 [3][31] - If the peak impact of tariffs is observed, it may signal a potential easing of monetary policy [3][31] AI and Technology - Short-term impacts of AI may lead to job losses, but the long-term effects remain uncertain [14][61] - The deployment of AI is being closely monitored for its potential effects on the labor market and overall economy [62] Federal Reserve Independence - The independence of the Federal Reserve is emphasized as crucial for effective monetary policy, and there is a strong commitment to maintaining this independence [52][51] - The legal case involving Federal Reserve Governor Lisa Cook is considered potentially one of the most significant in the Fed's history [10][52] Economic Growth - The U.S. economy is expected to have a solid foundation entering 2026, with consumer spending showing resilience and business investment continuing to grow [8][57] - Recent government shutdowns may have temporarily affected economic activity, but these impacts are expected to reverse as the government resumes operations [9]

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。 人民财讯1月29日电，当地时间1月28日，美股三大指数收盘涨跌不一，道指涨0.02%，纳指涨0.17%， 标普500指数跌0.01%。存储概念股走高，希捷科技涨超19%，西部数据涨超10%，闪迪涨超9%，美光 科技涨超6%。大型科技股走势分化，英伟达涨超1%，谷歌、微软小幅上涨；特斯拉、亚马逊、苹果小 幅下跌。 ...

美国司法部9日向美联储送达传票，威胁对鲍威尔2025年6月在参议院银行委员会就美联储办公楼翻新项 目作证一事提起刑事诉讼。鲍威尔随后发表声明说，美国联邦检察官对其相关指控都是"借口"，直言遭 调查是因为美联储"没有遵从总统意愿"来设定利率。 芝加哥商品交易所美联储观察工具显示，截至当日早些时候，市场认为美联储在此次货币政策会议上维 持利率不变的概率超过95%。 公告显示，联邦公开市场委员会12名成员中，支持当日货币政策会议决定的有10人，投反对票的是美联 储理事斯蒂芬·米兰和克里斯托弗·沃勒，二人主张降息25个基点。 鲍威尔在当日下午举行的发布会上表示，最新数据显示就业市场有些企稳迹象，但也有迹象显示在继续 降温。自上次议息会议以来，经济活动的前景明显改善。美联储今后的货币政策决定将基于新的数据。 鲍威尔说，当前联邦基金利率大体上为"中性"。核心通胀在去年12月很可能达到3%，预计关税的影响 将在今年年中达到峰值。如果物价像预期的那样在今年触顶并开始回落，那将意味着美联储可以让货币 政策再有一些放松。如果情况显示劳动力市场没有出现企稳，美联储也会降息。 鲍威尔回避了有关新任美联储主席提名后过渡期、近期美元汇率 ...

智通财经APP获悉，美联储周三决定暂时按下连续降息的"暂停键"，在外界对央行独立性担忧升温、以 及下一任主席人选悬而未决之际，联邦公开市场委员会(FOMC)投票将联邦基金利率目标区间维持在 3.5%-3.75%，符合市场普遍预期。 此次决定终结了此前连续三次每次25个基点的降息操作。此前的降息被视为"预防性调整"，旨在防范劳 动力市场潜在下行风险。但在最新声明中，美联储对经济增长的评估明显上调，同时对就业市场的担忧 相较通胀有所缓和。 声明指出："现有指标显示经济活动以稳健速度扩张。就业增长仍处于低位，失业率出现一定稳定迹 象。通胀仍然略显偏高。" 值得关注的是，美联储删除了此前声明中"劳动力市场走弱风险高于通胀上行风险"的措辞。这一变化被 市场解读为，美联储认为其"双重使命"，控制通胀与实现充分就业，目前更加平衡，从而为短期内暂停 进一步降息提供了政策依据。 总体来看，本次会议几乎未释放明确的下一步行动指引。市场普遍预计，美联储至少将等到6月之后才 可能再次调整利率。声明重申："委员会将在考虑进一步调整利率区间的幅度与时机时，仔细评估未来 数据、经济前景演变及风险平衡。"这一措辞延续了去年12月引入的表述， ...

公告显示，联邦公开市场委员会12名成员中，支持当日货币政策会议决定的有10人，投反对票的是美联 储理事斯蒂芬·米兰和克里斯托弗·沃勒，二人主张降息25个基点。 芝加哥商品交易所美联储观察工具显示，截至当日早些时候，市场认为美联储在此次货币政策会议上维 持利率不变的概率超过95%。 美联储决策机构联邦公开市场委员会在会后发表声明说，现有指标显示美国经济活动在稳健扩张，但经 济前景的不确定性仍在高位。就业增长持续低迷，失业率有一些企稳迹象，通胀仍处较高水平。 新华社纽约1月28日电（记者刘亚南）美国联邦储备委员会28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3.5%至3.75%之间不变。这一决定符合市场预期。 ...

Core Viewpoint - The monetary policy actions are focused on promoting maximum employment and stable prices, with the federal funds rate maintained at a target range of 3.5% to 3.75% [1] Group 1: Monetary Policy Decisions - The committee has lowered the policy rate by 75 basis points since last September, bringing it closer to neutral estimates [1] - The normalization of the policy stance aims to stabilize the labor market while targeting a reduction in inflation towards 2% [2] Group 2: Future Outlook - The timing and extent of future adjustments to the policy rate will depend on incoming data, evolving outlooks, and the balance of risks [2] - Monetary policy decisions will be made on a meeting-by-meeting basis, indicating flexibility in response to economic conditions [2]

The Federal Reserve on Wednesday announced it will leave interest rates unchanged, breaking a streak of three straight rate cuts amid uncertainty over the labor market and inflation. Fed policymakers voted to leave the benchmark federal funds rate unchanged at its current range of 3.5% to 3.75%. The move follows three successive 25 basis point rate cuts in September, October and December to close out last year.Economic data showing a slowdown in the labor market along with inflation continuing to run hotter ...