Chip Somodevilla/Getty Images News Listen below or on the go on Apple Podcasts and Spotify Fed cuts rates by 25 basis points with one dissent. (0:15) Dot plot pencils in two more cuts this year – barely. (1:11) Powell calls move ‘risk management.’ (1:42) The following is an abridged transcript: The Fed cuts and Powell herds the cats (or hawks and doves). The Federal Reserve cut interest rates for the first time this year, lowering the fed funds rate by 25 basis points to 4%-4.25%. And Fed Chairman Ja ...

美联储利率决议 - 美联储9月会议决定降息25个基点 将联邦基金目标利率下调至4%-4.25%区间[3] - 市场预期美联储将在2026年第三季度前持续降息 使利率最终降至略低于3%的水平[2][4] 货币市场基金影响 - 货币市场基金平均收益率达4.08%(截至9月11日) 资产规模达7.3万亿美元创历史纪录 今年增长超过4550亿美元[6][8] - 预计货币市场基金收益率将随美联储降息而下降 2026年下半年可能跌破3%[9][10] - 若通胀保持3.1%水平而利率下降 货币市场基金实际收益率可能在2026年中转为负值[7][15] 收益率曲线变化 - 短期债券收益率自2023年初以来持续高于长期债券 形成倒挂收益率曲线[11] - 期货市场预测一年后收益率曲线将恢复正常斜率 长期利率将高于短期利率[12][14] - 投资者可通过投资长期债券锁定较高收益 对冲货币市场收益率下降风险[14] 抵押贷款市场 - 30年期抵押贷款利率自2023年2月以来首次跌破6.5%(截至9月16日)[16] - 抵押贷款利率与10年期国债收益率相关性更强 预计2026年可能进一步跌破6%[17][18] - 抵押贷款再融资活动已经开始增加 低利率环境将改善住房 affordability[16][18] 投资策略调整 - 低利率环境对借款方有利但不利于依靠利息收入的投资者[5][21] - 建议投资者转向长期债券锁定收益 并考虑在2026年对高收益债务进行再融资[14][21] - 低利率环境通常对股票和其他风险资产有利 产生积极的连锁效应[22]

However, Mr Powell said his colleagues’ forecasts were “subject to uncertainty” and insisted monetary policy was “not on a pre-set path”.Markets are anticipating another couple of cuts from the Fed by the year’s end, with more to follow in 2026. In its statement announcing the September rate cut, the Fed said only that it would “carefully assess incoming data, the evolving outlook, and the balance of risks”. About half the Fed’s rate-setters expect another two or more quarter-point cuts this year, taking th ...

Howard Schneider with Reuters. So, um, as you mentioned a minute ago, some margins of the job market would suggest that the slides already happening. Black unemployment rate in August was above 7%.Uh, declining work week, difficulty among co college graduates finding work, high rising youth unemployment. Why do you think a quarter percentage point now is going to arrest that. Well, I I hadn't say that I thought a quarter point would make a huge difference to the economy, but you got to look at the whole pat ...

CONCLUDED Last Updated: 4 hours ago S&P 500 Heads Lower as Rally Reverses After Fed Decision By Connor Smith The stock market's Fed decision rally is already reversing. The S&P 500 was down 0.3% after spiking in the wake of the central bank's decision to lower interest rates by a quarter point. The Nasdaq Composite was down 0.9%. The Dow was up 277 points, or 0.6%, and falling. The move was widely expected by markets, and stocks had already hit fresh highs based on expectations of the cut. Now, traders are ...

CONCLUDED Stock Market News From Sept. 17, 2025: Dow Gains After Fed Decision Last Updated: Updated 4 hours ago Stocks Edge Higher After Fed Votes for Rate Cut By Network Connor Smith Stocks perked up after the Federal Reserve said it would cut interest rates by a quarter point for the first time since December. The Dow Jones Industrial Average rose 400 points, or 0.9%. The S&P 500 was up 0.1. The Nasdaq Composite was still down 0.2%. Heading into the 2 p.m. ET decision, the Dow was up while the S&P and Nas ...

美联储利率决议 - 美联储政策委员会投票决定将联邦基金利率下调25个基点至4%-4.25%区间 为自12月以来首次降息 且利率水平降至2022年12月以来最低[3][8] - 这是美联储今年首次降息 旨在降低借贷成本以促进就业并防止失业率激增[2][4] 利率预期与经济预测 - 美联储官员通过季度经济预测释放信号 预计今年剩余时间还将进行两次25个基点的降息 最终使利率区间降至3.5%-3.75%[3] - 较6月上次经济预测时 美联储额外增加了一次降息预期[3] 政策调整背景 - 美联储此前维持利率不变以抑制通胀 但目前通胀年率仍高于2%目标水平[4] - 官员近期更担忧贸易战导致经济放缓 并可能引发失业潮风险[4][8] - 委员会声明指出就业下行风险已上升[5] 决策分歧与政策困境 - 12人委员会投票出现分歧 11人支持降息25个基点 新任委员Stephen Miran主张更大幅度的50个基点降息[5] - 分歧反映美联储在平衡双重使命时的困境：高利率抑制通胀但阻碍就业 低利率刺激就业但可能推高通胀[6][8] - 关税政策对通胀控制和就业保障均构成风险[6] 政治压力因素 - 美联储作为独立央行正面临异常高度的政治压力 特朗普要求降息至少3个百分点[7]

CONCLUDED Stock Market News From Sept. 17, 2025: Dow Gains After Fed Decision Last Updated: 4 hours ago Treasury Market Is Fully Prepared for a Cut By Karishma Vanjani The Wall Street Journal The move in Treasuries suggest the market is ready for the Federal Reserve to start cutting interest rates again. The 2-year yield, which is most sensitive to changes in rates, has fallen 0.246 percentage points since the Fed Chair Jerome Powell gave a speech at the Jackson Hole Economic Symposium. Powell, on the morni ...

On Sep. 17, the Federal Reserve announced its much-awaited decision on interest rates. As expected, the central bank has decided to cut rates by 25 basis points. Though Bitcoin, Ethereum, and XRP rose following the announcement, all these cryptocurrencies soon made a retreat on the charts. Nonetheless, traders on the popular crypto-based prediction market, Polymarket, nailed the Fed's latest announcement. Related: What is tokenization? Explained Users on Polymarket had predicted that there is a 91% chan ...

This story was originally published on Multifamily Dive. To receive daily news and insights, subscribe to our free daily Multifamily Dive newsletter. The Federal Reserve cut its benchmark interest rate by 25 basis points on Wednesday, marking the first time it has adjusted them downward in almost a year. The financial markets and industry groups had been anticipating a rate cut of 25 bps, though some investors were hoping for something larger, according to Brent Maier, national real estate advisory leader ...