总体而言，通胀形势应会继续显示出价格压力略有缓和。除非通胀发展出现重大意外，否则我们仍可以 期待市场在更大范围内做出更为温和的反应。尤其是考虑到美联储的下一次降息只会在明年6月出现。 没有必要根据有问题的数据匆忙定价，因为还有好几个月的时间才能让一切明朗。 【最新白银期货行情解析】 沪银昨日10日均线上方穿头破脚小阳线收盘。MACD红柱伸长，DIF在0轴上方持续上行，显示市场保 持强势。目前沪银行情处于长期高位震荡，沪银溢价维持至340元/克。沪银看涨情绪依旧高涨，沪银主 力合约参考运行区间15100-15900。 如果CPI数据表现温和，可能进一步巩固降息预期，推动白银向上突破；反之，若通胀压力超出预期， 则可能强化美元并暂时压制白银走势。 美国财经网站investinglive：由于此前政府关门造成10月份数据收集遇阻，美国劳工统计局可能会选择 不公布11月CPI的环比数据，而更多地关注同比数据。或者他们可以只提供11月份子类别的指数，然后 让市场参与者在缺少10月份数据的情况下，以9月份数据为基准去计算数据变化。 今日周四(12月18日)欧盘时段，白银期货目前交投于15330一线上方，今日开盘于1544 ...

来源：金融界AI电报 美国财经网站investinglive：由于此前政府关门造成10月份数据收集遇阻，美国劳工统计局可能会选择 不公布11月CPI的环比数据，而更多地关注同比数据。或者他们可以只提供11月份子类别的指数，然后 让市场参与者在缺少10月份数据的情况下，以9月份数据为基准去计算数据变化。总体而言，通胀形势 应会继续显示出价格压力略有缓和。除非通胀发展出现重大意外，否则我们仍可以期待市场在更大范围 内做出更为温和的反应。尤其是考虑到美联储的下一次降息只会在明年6月出现。没有必要根据有问题 的数据匆忙定价，因为还有好几个月的时间才能让一切明朗。 ...

美国亚特兰大联储主席Bostic（2027年FOMC票委）：尽管很难下定论，但通胀形势比就业市场更令人 担忧。希望更加强劲的经济会缓和劳动力市场的压力。美联储政策无助于化解结构性的就业变化。 ...

Core Viewpoint - The Federal Reserve's economic forecasts are likely to remain largely unchanged, with expectations of two interest rate cuts this year and further reductions in 2026, ultimately reaching a policy rate of 3% [1] Group 1: Economic Predictions - The Federal Reserve is expected to lower interest rates twice this year, driven by economic growth remaining below trend levels [1] - The landing zone for the economy may be described as "roughly neutral" by the Federal Reserve [1] Group 2: Inflation Concerns - Initial signs of tariff-related inflation are beginning to emerge, prompting some officials to adopt a cautious stance [1] - Tensions in the Middle East could further threaten the inflation outlook [1] Group 3: Potential for Changes - There is a possibility that forecasts may change to reflect an interest rate cut later this year [1]

Core Viewpoint - The current inflation situation is favorable, allowing the Federal Reserve to maintain a cautious approach to interest rate adjustments, with no immediate need to change rates [1][10]. Inflation Situation and Rate Adjustment - The potential inflation outlook is positive, indicating stable price levels and a healthy economic trajectory, which provides the Federal Reserve with more policy flexibility [3]. - The Federal Reserve does not need to rush into interest rate adjustments, as the costs of waiting are relatively low, reflecting a balanced approach to economic growth and inflation risks [4]. Cautious Attitude Towards Rate Cuts - There is uncertainty regarding rate cuts, with the Federal Reserve acknowledging that in some cases, cutting rates this year may be appropriate, while in others, it may not be [5]. - The Federal Reserve emphasizes the need for flexibility in policy adjustments based on economic data and market changes, rather than committing to a specific interest rate path [5]. Consideration of Dual Mandate - The Federal Reserve must consider the distance between its dual mandates of price stability and maximum employment, especially when these goals conflict [6]. - Balancing these two objectives is crucial in the decision-making process, highlighting the importance of coordination between them [6]. Flexibility in Policy Adjustments - The Federal Reserve is prepared to act swiftly if the situation warrants, demonstrating its adaptability and responsiveness to economic developments [7]. - Close monitoring of economic data and market dynamics will guide timely policy adjustments to ensure stability and sustainable growth [7]. Management of Market Expectations - The Federal Reserve's communication reflects an intention to manage market expectations by emphasizing the flexibility and uncertainty of policy adjustments [8]. - This approach aims to stabilize market confidence and promote smooth economic operations [8].