截至收盘，道琼斯指数跌0.62%，报48114.26点；纳斯达克指数涨0.23%，报23111.46点；标普500指数 跌0.24%，报6800.26点。 【导读】特斯拉创历史新高！原油大跌至2021年以来新低 中国基金报记者 伊万 美东时间12月16日，美股三大指数涨跌不一，仅纳指收涨。 盘前公布的美国11月非农就业报告显示，美国11月非农新增就业6.4万人，高于市场预期，但10月就业 人数减少了10.5万人，11月失业率也升至4.6%，至创四年多来新高。周二公布的另一份数据表明，美国 10月份零售额持平，主要受到汽车和汽油销售疲软拖累。 市场担忧美国经济状况，投资者情绪偏谨慎。 美联储博官员斯蒂克表示，劳动力市场正在降温，但他预计不会出现明显放缓；多年未能实现通胀目标 可能"确实会损害"美联储的公信力；进一步降息将使货币政策接近或进入宽松区间，从而使通胀和通胀 预期面临风险。 大型科技股多数收涨，力撑纳指。 | 特斯拉(TESLA) | 489.880 | 3.07% | | --- | --- | --- | | TSLA.O | | | | 脸书(META PLATF | 657.150 | 1.49 ...

PGIM 固定收益部门联席首席投资官格雷戈里・彼得斯表示，即便凯文・哈塞特（Kevin Hassett）获任 下一届美联储主席，他也未必能按美国总统唐纳德・特朗普的期望，实现快速降息。 近期有越来越多的声音称，若白宫国家经济委员会主任哈塞特当选美联储主席，可能会为取悦特朗普而 大幅放宽货币政策。但这位 PGIM 基金经理认为，由于美联储的利率决策最终需经委员会表决，哈塞特 无法仅凭个人力量实现这一目标。 "他在委员会内部是否有足够的公信力来推动达成共识？" 彼得斯在接受采访时表示。他同时担任美国 财政部借款咨询委员会成员，"我们尚不确定答案，但我认为他并不具备这种公信力 —— 我想债券市场 正传递着这样的信号。" 彼得斯此番言论，是对《金融时报》一篇报道的回应。该报道称，包括财政部借款咨询委员会成员在内 的债券投资者，已就哈塞特可能出任美联储主席一事向美国财政部表达担忧。 目前，债券交易员与大型宏观基金经理正密切评估特朗普重组美联储的影响 —— 即便只是政策变动的 蛛丝马迹，都可能引发全球市场波动。此前数月，特朗普对美联储发起了史无前例的抨击，包括辱骂现 任主席鲍威尔、试图罢免委员会成员莉萨・库克；在此背景下 ...

根据美国有线电视新闻网（CNN）的最新报道，美国联邦储备委员会（美联储）的政策制定者们，对于是否应该继续降息的问题，正陷入前所未有的严重 分歧。这标志着美联储主席杰罗姆·鲍威尔（Jerome Powell）领导下的"共识时代"已然终结，一场内部的路线之争正在撕裂这个全球最具影响力的中央银 行。 就在今年10月下旬，美联储做出了将利率下调25个基点的决定，然而，这一看似常规的举动却遭遇了两名政策制定者的公开反对。其中一位官员坚决主张维 持利率不变，而另一位则认为降息幅度应该更大，直接要求下调50个基点。这种"左右互搏"的异议局面，自2019年以来就从未出现过。 更令人震惊的是，今年早些时候，美联储理事会中首次出现不止一位成员投下反对票，这可是三十多年来的头一遭！这不仅仅是简单的意见不合，更像是内 部裂痕的公开显现，无疑给鲍威尔主席的领导力带来了严峻挑战。 美联储官员之间日益扩大的分歧，在最近几天的公开讲话中暴露无遗，这让鲍威尔在努力维持同事间的共识时面临巨大压力。这种深层分裂，直接源于美国 经济前景的巨大不确定性，以及围绕总统唐纳德·特朗普（Donald Trump）激进贸易政策影响的诸多疑问。 与此同时，一个 ...

Core Viewpoint - The Federal Reserve's decision to cut rates by 25 basis points was met with mixed reactions, highlighting a tug-of-war between dovish and hawkish members, leading to volatility in various markets [1][2][19]. Federal Reserve's Rate Decision - The Fed cut rates by 25 basis points, with Chair Jerome Powell indicating a lack of support for a larger cut of 50 basis points [1]. - The statement released was more dovish than expected, while the subsequent press conference was perceived as bearish, causing market fluctuations [2][19]. Economic Conditions - The Fed is facing challenges with both inflation rising and a weakening labor market, indicating a difficult position regarding its dual mandate [4][5]. - Inflation has been above the Fed's target for nearly six years, raising concerns about credibility if inflation expectations become unanchored [5][6]. Market Reactions - The Russell 2000 index rose nearly 2%, reflecting a positive response from interest rate-sensitive small-cap stocks [18]. - The 10-year Treasury yield dipped below 4% but later increased, indicating market volatility in response to the Fed's announcements [18][19]. Future Outlook - Upcoming jobless claims data will be crucial for market sentiment, with expectations that higher claims could lead to a risk-negative day [23][24]. - The trajectory of the job market, inflation realities, and corporate guidance will significantly influence market conditions in the near term [25].

Group 1: Foreign Exchange Reserves - As of August 2025, China's foreign exchange reserves reached $332.2154 billion, an increase of $29.9 billion from the end of July, representing a growth rate of 0.91% [1] - The increase in foreign exchange reserves is attributed to factors such as changes in major economies' monetary policies and macroeconomic data, leading to a decline in the US dollar index and an overall rise in global financial asset prices [2] Group 2: Gold Reserves - The People's Bank of China has increased its gold reserves for the 10th consecutive month, with a total of 74.02 million ounces (approximately 2,098 tons) as of the end of August, reflecting a month-on-month increase of 6,000 ounces (about 1.7 tons) [1] - Since November of the previous year, China has cumulatively purchased 1.22 million ounces (approximately 38 tons) of gold [1] - Gold has emerged as one of the strongest-performing major commodities this year, with a price increase exceeding 30% and reaching a historical high recently [3] Group 3: Market Influences - Factors such as central bank purchases, expectations of interest rate cuts by the Federal Reserve, and political pressures on the Fed have contributed to the recent surge in gold prices [3] - The World Gold Council reports that geopolitical risks will continue to support demand from official sectors, despite a slowdown in the accumulation of gold by central banks as prices rise [5]

Group 1: Core Viewpoint - Goldman Sachs suggests that if the credibility of the Federal Reserve is severely undermined, global financial markets may undergo profound changes, with gold prices potentially rising to nearly $5000 per ounce [1][4][5]. Group 2: Importance of Federal Reserve Credibility - The Federal Reserve serves as a crucial anchor for global finance, influencing not only U.S. monetary policy but also acting as a "weather vane" for global capital markets [1]. - A loss of credibility in the Federal Reserve could challenge the trust in the U.S. dollar as a global reserve currency, impacting its global standing [6]. Group 3: Gold Price Dynamics - Gold is traditionally viewed as the "last currency," often strengthening when there are doubts about fiat currency credibility [2]. - Current gold prices are hovering at high levels, and any expectations of weakened Federal Reserve credibility, combined with market risk sentiment, could lead to significant price increases [3]. Group 4: Historical Context and Valuation - Historical instances, such as the collapse of the Bretton Woods system in the 1970s and the 2008 financial crisis, have seen gold prices surge during periods of monetary credit crises [7]. - The theoretical valuation of gold suggests further upward potential based on the ratio of global money supply to gold reserves [7]. Group 5: Market Implications - A significant rise in gold prices would indicate a severe blow to the credibility of the dollar and the Federal Reserve, leading to various market changes, including increased volatility in the dollar index and diversified capital flows [8]. - The demand for gold as a safe-haven asset may increase amid geopolitical and financial uncertainties, further driving up its price [6][8]. Group 6: Asset Allocation and Investment Strategies - Institutional investors may reassess the weight of gold in their portfolios, leading to increased trading activity in the gold market [9]. - The potential for lower real interest rates due to a loss of Federal Reserve credibility could enhance gold's attractiveness as an investment [6].

Core Viewpoint - The U.S. Treasury Secretary, Janet Yellen, emphasized the need for a comprehensive review of the Federal Reserve's responsibilities to enhance its credibility [1] Group 1 - The call for a thorough examination of the Federal Reserve's duties is aimed at strengthening public trust in the institution [1] - This review is seen as essential for the Federal Reserve to maintain its effectiveness in monetary policy [1]