美国利率路径
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今夜揭晓!“异常”非农成美联储风向标,任何偏离预期都将放大市场冲击
智通财经网· 2025-12-16 00:32
智通财经APP获悉,在一周经济数据密集发布之际,北京时间周二21:30公布的就业报告将成为投资者 关注的焦点。根据一项对经济学家调查的中值预测显示,11月非农就业人数预计增加5万人;失业率则可 能达到4.5%,延续数月来的攀升趋势,升至2021年以来的最高水平。 这份报告不仅让人们得以审视期待已久的美国劳动力市场真实状况,还将为明年利率路径奠定基调。然 而遗憾的是,这并非一份"常规"就业报告——由于政府停摆的影响,数据的不确定性和异常因素都比往 常更为显著。你需要知道以下几点: 这份数据的异常因素都包含什么? 这份报告不仅包含11月薪资岗位数,还将纳入由每月家庭调查衍生出的关键指标——如失业率。在政府 停摆期间,劳工统计局(BLS)将当月数据收集期延长,以确保有充足时间采集信息。 然而,BLS无法回溯补录10月同类数据,导致相关统计数据将缺失。该机构上月已取消10月就业报告的 发布,并明确表示将在公布11月数据时一并补发10月岗位数。 因多数企业采用电子形式留存记录并上报工资单,BLS得以获取这部分数据,为报告提供了关键支撑。 岗位数本身 尽管存在不确定性,但多数经济学家仍预测11月岗位数将维持正增长态势,预 ...
美联储纪要公布后金价回吐涨幅 市场聚焦利率路径线索
Sou Hu Cai Jing· 2025-11-19 20:08
Core Viewpoint - The latest Federal Reserve meeting minutes indicate a divided stance among policymakers regarding interest rate cuts, with a focus on upcoming U.S. economic data to guide future decisions [1] Group 1: Federal Reserve Actions - The Federal Reserve decided to cut interest rates despite warnings that lowering borrowing costs could impact inflation management, which has been above the 2% target for four and a half years [1] - Fed Chair Jerome Powell stated that a rate cut in December is "not a done deal," highlighting the uncertainty surrounding future monetary policy [1] Group 2: Market Reactions - Following the release of the meeting minutes, gold prices retraced some gains as market participants shifted their attention to forthcoming U.S. economic data for clues on the interest rate path [1] - According to the CME FedWatch Tool, traders currently assign a 30% probability to a rate cut in December [1]