SHMET 网讯：北京时间周四（11日）凌晨，美联储公布12月利率决议。联邦公开市场委员会（FOMC）以9-3的方式决定 下调利率区间25个基点至3.50%-3.75%，这也是今年连续第三次降息，米兰倾向于下调50个基点，堪萨斯联储主席施密德再次 投下反对票，倾向于维持联邦基金利率目标区间不变，这一次他获得了芝加哥联储主席古尔斯比的支持。 美联储同时宣布，将启动短期国债购买计划，以此调节市场流动性水平，确保央行对自身利率目标体系保持稳定控制。 美联储在季度经济展望（SEP）中上修经济预测，通胀预测小幅下修，就业市场基本稳定，备受关注的点阵图预测明年或 仅降息1次，与9月一致。美联储主席鲍威尔在新闻发布会上表示，目前联邦基金利率已处于中性利率的大致预估区间内，完全 有条件静观经济走势的变化。货币政策并非遵循预设路径，我们将在每次会议上根据实际情况作出决策。 经济前景稳定 美联储决议声明显示，经济活动正以温和步伐扩张。今年以来，就业岗位增长有所放缓，失业率截至9月已小幅上升。近 期公布的更多指标也与上述趋势相符。通胀水平自年初以来有所抬头，目前仍处于偏高区间。 鲍威尔在发布会上透露，降息决定绝非一项轻而易举的决策 ...

The Bureau of Labor Statistics (BLS) will not produce an October 2025 Producer Price Index (PPI) news release, according to a revised news release dates page on its website.By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions .Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins re ...

数据还显示，剔除波动较大的食品和能源价格后，9月核心个人消费支出价格指数同比涨幅为2.8%，略 低于前一月的2.9%。美国当月个人消费支出金额环比增加0.3%，而此前三个月环比涨幅均为0.5%。 个人消费支出价格指数是美联储密切关注的一项通胀指标，是其制定货币政策的重点参考数据，也是美 联储能否把通胀降至2%目标的主要参照。由于近期美国就业市场数据疲软，市场广泛预期美国联邦储 备委员会将在10日结束的议息会议上再次降息25个基点。 新华财经纽约12月5日电（记者刘亚南）美国商务部5日公布的数据显示，9月美国个人消费支出 （PCE）价格指数同比增长2.8%，高于前一月的2.7%，与市场预期一致。 （文章来源：新华财经） 当月，个人消费支出价格指数和核心个人消费支出价格指数环比涨幅分别为0.3%和0.2%，与前月环比 涨幅一致。 美国商务部最初计划在10月31日公布9月份个人消费支出相关数据，但此前联邦政府部分"停摆"导致数 据发布拖延至今。 ...

美国商务部原计划10月31日公布9月份个人消费支出相关数据，但联邦政府10月1日起创纪录"停摆"43 天，导致数据发布推迟。 个人消费支出价格指数是美国联邦储备委员会密切关注的一项通胀指标，是美联储制定货币政策的重点 参考数据，也是能否把通胀降至2%目标的主要参照。由于近期美国就业市场数据疲软，市场普遍预 期，美联储将在本月9日至10日举行的货币政策会议上决定再次降息25个基点。（完） 新华社纽约12月5日电（记者刘亚南）美国商务部5日公布的数据显示，9月美国个人消费支出价格指数 同比上涨2.8%，高于前一月的2.7%，与市场预期一致。 数据还显示，剔除波动较大的食品和能源价格后，9月核心个人消费支出价格指数同比涨幅为2.8%，略 低于前一月的2.9%。美国当月个人消费支出金额环比增加0.3%，而此前三个月环比涨幅均达到0.5%。 ...

The major indexes were already up on the day, but their gains accelerated after both the headline and core personal consumption expenditures price indexes for September matched expectations for a 2.8% annual increase. The headline PCE rose 0.3% from August, which was above expectations at 0.2%, while the core PCE matched expectations with a 0.2% monthly uptick. ...

The personal consumption expenditures price index, the Fed's preferred inflation indicator, will hit the wires for the first time since late September. ...

Group 1 - The core point of the article is that the U.S. personal consumption expenditure (PCE) price index rose by 2.7% year-on-year in August, slightly higher than the 2.6% increase in July, indicating persistent inflationary pressures [1] - The core PCE price index, excluding volatile food and energy prices, also increased by 2.9% year-on-year in August, remaining unchanged from the previous month [1] - Both the overall and core PCE price indices are significantly above the Federal Reserve's long-term inflation target of 2%, posing challenges for future monetary policy adjustments [1] Group 2 - The increase in the PCE price index is attributed to the U.S. government's tariff policies, which have raised domestic prices and increased the economic burden on ordinary consumers [1] - The PCE price index is a key inflation indicator closely monitored by the Federal Reserve, serving as a critical reference for monetary policy formulation [1]

Core Insights - The U.S. personal consumption expenditure (PCE) price index rose by 2.7% year-on-year in August, slightly higher than the 2.6% increase in July [1] - The core PCE price index, excluding volatile food and energy prices, also increased by 2.9% year-on-year in August, remaining unchanged from the previous month [1] - Both the overall and core PCE price indices are significantly above the Federal Reserve's long-term inflation target of 2%, posing challenges for future monetary policy adjustments [1] Economic Impact - The increase in the PCE price index and core PCE price index indicates rising inflationary pressures, which may influence the Federal Reserve's decision-making regarding interest rates and monetary policy [1] - The U.S. government's tariff policies have contributed to higher domestic prices, increasing the economic burden on ordinary consumers [1] - The PCE price index is a key inflation indicator closely monitored by the Federal Reserve, serving as a critical reference for monetary policy formulation [1]

Group 1 - The core viewpoint of the articles indicates that U.S. stock indices fell due to better-than-expected economic data, which dampened expectations for further interest rate cuts by the Federal Reserve [1][2] - The Dow Jones Industrial Average decreased by 0.38%, the S&P 500 fell by 0.50%, and the Nasdaq Composite also dropped by 0.50% as of the market close on the 25th [1] - Initial jobless claims decreased by 14,000 to 218,000, significantly lower than the expected 235,000, indicating a stronger labor market [1] - The U.S. GDP growth rate for the second quarter was revised up to 3.8%, the best performance in nearly two years, driven by stronger personal consumption expenditures [1] Group 2 - Market expectations for a 25 basis point rate cut by the Federal Reserve in October decreased to approximately 87%, down from 92% the previous day [2] - Recent economic data has raised doubts about the necessity and extent of potential future rate cuts by the Federal Reserve [2]

Group 1 - The key economic data to be released this week is the personal consumption expenditures price index for August from the Bureau of Economic Analysis [1]