来源：滚动播报 旧金山联邦储备银行行长Mary Daly表示，本周美联储做出降息的决定并不容易，但她最终支持这一举 措。她在在领英发文称，"实际工资增长来自于长期稳定的经济扩张。而当前的经济扩张还处于相对早 期阶段。"Daly表示， 美联储必须继续将通胀率降至2%的目标水平，但同时也必须谨慎保护劳动力市 场。"政策过于紧缩可能会对美国家庭造成不必要的伤害，并使他们面临两个问题：通胀高于目标水平 和劳动力市场疲软。" ...

Core Points - The Federal Reserve's September meeting minutes indicate a consensus among members that economic indicators show a slowdown in job growth and a slight increase in the unemployment rate, reflecting signs of weakness in the labor market [3] - Inflation remains slightly above the 2% target, prompting nearly all members to agree on a 25 basis point reduction in the federal funds rate target range to between 4% and 4.25% [3] - Due to stronger-than-expected consumer spending and business investment data, the Fed has slightly upgraded its economic growth forecasts for this year through 2028 [3] - The Fed anticipates that tariff increases will continue to elevate inflation this year and exert further upward pressure on inflation until 2027, when the 2% target may finally be reached [3]

Core Insights - The Federal Reserve's Jefferson stated that allowing the inflation rate to exceed the target level to compensate for past shortfalls has proven to be unrealistic [1] Group 1 - The statement reflects a critical perspective on inflation management strategies [1]

Core Viewpoint - The Federal Reserve's decision to lower interest rates amid high inflation raises questions about maintaining public trust and requires clear communication regarding the rationale behind this move [1] Group 1: Interest Rate Decision - The Federal Reserve, represented by Kashkari, has chosen to lower interest rates despite inflation rates being above target levels [1] - Kashkari emphasizes the need to explain the reasons for the rate cut, particularly in the context of four consecutive years of high inflation [1] Group 2: Inflation and Labor Market - Kashkari indicates that a weak labor market supports the decision to lower interest rates, suggesting that inflation levels are likely to decrease as a result [1] - He expresses confidence in bringing the inflation rate back to the target level of 2% [1]

Core Viewpoint - The Central Bank of Russia will maintain a tight monetary policy until 2026 to restore the inflation rate to its target level [1] Group 1 - The Central Bank's decision reflects a commitment to controlling inflation, indicating a proactive approach to monetary policy [1] - The target inflation rate is not specified, but the emphasis on returning to this level suggests current inflation is above acceptable limits [1] - The timeline of 2026 indicates a long-term strategy, which may impact economic growth and investment decisions in the region [1]