美联储决议:鲍威尔可能不会鸽派
关键词:美联储决议
美联储公布新一期的利率决议,将进行年内第三次降息,美联储的声明以及鲍威尔被市场紧密关注,而之前出炉的美国三季度GDP不及预期,市场开始幻想美联储主席释放出一定的鸽派信号来缓和市场。
自9月上次会议以来,美联储内部分歧不断扩大,可能加剧对政策失误的担忧。在消费放缓的迹象出现之际,美联储主席鲍威尔可能会推动进一步启动降息周期。
美联储不但面临来自总统特朗普要求降息的压力,而且也目睹了美国投资与制造业数据每况愈下。全球增长疲软和贸易政策不确定性给经济带来了压力,并带来了持续的风险,因此美联储别无选择。
此前美国副总统彭斯发表的鹰派言论,以及疲软的美国数据,市场越来越相信,鲍威尔将在本周会议上再次放鸽。但是这可能有点为时过早,我们对鲍威尔是否这样做保持怀疑态度。美联储可能暂停降息,至少近期暂停,以评估今年潜在第三次降息的冲击。
一方面,无论是绝对利率还是通胀调整后的利率,目前的联邦基金利率已经低于历史标准。这与其说是因为美联储最近的降息,不如说是因为美联储在金融危机期间大幅降息后,在加息方面相对谨慎。
美国总统特朗普周二(10月29日)对美联储发起新一轮攻击,称美联储需要效仿其他央行实施负利率的做法。他在推特上表示:“美联储一点头绪都没有!我们有无限的潜力,只是被美联储抑制了。”
与前任美国总统不愿评论美联储政策的作法不同,特朗普有批评美联储政策决定的习惯,他认为美联储维持利率过高过久。
9月,特朗普开始提出,美联储需要将借贷成本下调至负值区域,这是其他一些央行在应对疲弱经济增长时不得已采取的措施。
虽然美国总统特朗普推迟了原本10月生效的额外关税,但经济分析师指出,如不撤回所有加征的关税,经济增长依然堪忧。
本文来源: 大田环球贵金属
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