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25个基点?美联储是否降息?
Nan Fang Du Shi Bao· 2025-09-17 23:14
一般来说,八次会议中的四次堪称"重量级",也就是每年3月、6月、9月、12月召开的这四次。因为这 几次会议会公布经济预测摘要(SEP),包含著名的"点阵图"。虽是小小一图,却浓缩了委员们对未来利 率路径的判断,被市场视作政策走向的风向标。 除去这四次分量较重会议,其他四次会议虽不发布点阵图,但也会有利率决定与联储主席新闻发布会。 如果经济形势突变,这些会议同样可能成为转折点。 此外,如有特殊情况,譬如危机或突发事件时,FOMC还会召开临时会议,这种临时会议的关注度甚至 超过例会。譬如2008年金融危机、2020年疫情期间,都曾出现过"紧急降息"的非常规举措。同时,如果 会议刚好发生在美联储换主席、换理事,或者总统对联储独立性施压的时点,那会议也会被额外放大。 会议内容:从数据到措辞,环环相扣 一次完整的FOMC会议大致分为几步。 当地时间9月16日,美联储决策机构联邦公开市场委员会(FOMC)在首都华盛顿召开货币政策会议,该会 议常常被形容为"华尔街的心跳",因为其不仅决定美元利率高低,也牵动全球资本流向、各国央行政 策,乃至普通家庭的房贷和就业。正因为FOMC决定牵一发而动全身,本次会议的敏感性更显突出。 ...
Fed Rate Decision: 3 Things to Watch
Youtube· 2025-09-15 19:58
It certainly looks like they're going to do the 25 unless they want to surprise the market. And if they feel the market needs to be surprised, they could do 50. But there's no indication that we need the surprise tone just fine.The rate decisions are the least interesting of everything on Wednesday. There are three other things to look for. The first is the post-meeting statement.How many dissenters are there. How many members actually wanted a 50 basis point rate cut. And are there any dissenters that didn ...
美联储主席鲍威尔:在框架审查之后,将考虑加强经济预测摘要。
news flash· 2025-06-18 18:44
Core Viewpoint - Federal Reserve Chairman Jerome Powell indicated that after the framework review, there will be considerations to enhance the economic projections summary [1] Group 1 - The Federal Reserve is undergoing a framework review which may lead to improvements in how economic forecasts are presented [1]
“美联储传声筒”:美联储滞胀预测或成6月经济预测摘要基调
news flash· 2025-05-28 19:15
Core Viewpoint - The Federal Reserve's staff has presented a clear stagflation forecast during the May meeting, which may serve as the foundational framework for the upcoming Summary of Economic Projections (SEP) [1] Group 1: Economic Predictions - The Federal Reserve staff indicated a substantial slowdown in the labor market, leading to an expected rise in the unemployment rate this year [1] - The unemployment rate is projected to remain elevated throughout the forecast period, extending to 2027 [1] - Inflation is expected to rise "significantly" this year, with a smaller price increase anticipated in 2026 [1] Group 2: Inflation Risks - The staff noted that if their inflation forecasts for 2026 and 2027 (projected at 2%) are incorrect, it is more likely to be an underestimation rather than an overestimation of inflation risks [1]