9月17日，当美联储降息的钟声敲响，市场看到的不仅是利率数字的变动，更是一道正在裂开的制度体 系。美联储用25个基点的谨慎调整维持着专业理性的表象，但美联储新任理事米兰的仓促入局与美国总 统特朗普的持续施压，已将这次货币政策的调整变成了对央行独立性的压力测试。在数据的合法性与政 治的渗透力之间，美联储正经历着一场前所未有的信任危机。 经济理性的支撑 不能否认，美联储此举有其坚实的经济逻辑。最新经济数据显示，美国经济增速正呈现温和放缓态势。 摩根士丹利首席经济学家塞思•卡彭特预测，受关税政策滞后效应影响，今年第四季度至明年一季度， 美国经济增长将进一步疲软。2026年，美国经济增速可能跌至1.25%，远低于2024年的2.8%。就业市场 的冷却尤为刺眼。8月，非农新增就业仅2.2万人，失业率升至4.3%，其中少数族裔失业率上升已引发决 策层的警觉。这些信号无不预示着美国经济下行风险在加大。 更深层的危机在于，政治干预已趋于常态化。随着2026年美国中期大选的临近，特朗普对宽松货币政策 的要求只会变本加厉。鲍威尔已暗示可能不再连任，美联储未来一年将进入权力更替期。这意味着，美 联储的独立性将在最敏感的时间窗口遭遇 ...

A feud over the Fed. The Trump administration now turning to the nation's highest court, asking the Supreme Court to allow President Trump's firing of Federal Reserve Governor Lisa Cook. The emergency request comes after a Federal Appeals Court in Washington DC rejected the administration's bid to lift an order stopping President Trump from removing Cook from her position over accusations of mortgage fraud.In the meantime, the White House refuses u pardon me, continues to push for bigger rate cuts. Here's s ...

美联储货币政策立场 - 白宫经济顾问支持美联储25个基点降息 但美联储强调决策独立性 [1] - 美联储认为资产负债表规模应由监管制度决定 而非作为独立目标 [2] 资产负债表管理策略 - 资产负债表规模取决于监管体系要求 需确保银行资本充足和避免流动性危机 [2] - 应优先考虑监管系统设计 合适的资产负债表规模将随之自然形成 [2] 货币政策工具应用 - 存在关于美联储利用资产负债表降低抵押贷款利率的讨论 [1] - 传统观点主张缩减资产负债表至先前水平 [1]

By Gabriel Burin BUENOS AIRES (Reuters) - Mexico's central bank is set to again lower its benchmark interest rate by a quarter of a percentage point on September 25, taking it to 7.50%, a Reuters poll showed. That would be the eleventh moderate cut since the bank, known as Banxico, began a steady easing cycle to deal with weak economic conditions at the start of 2024. Policymakers are expected to remain slightly more concerned by a slow domestic economy than by consumer price trends, in line with their ...

货币政策预期 - 瑞典央行预计维持政策利率不变 当前利率水平为2.00% [1] - 分析师预测出现分歧 部分预期利率维持2.00% 部分预期降息至1.75% [1]

(Reuters) - The Bank of Japan kept interest rates steady on Friday but decided to start selling its holdings of risky assets, taking another step forward in phasing out remnants of its massive stimulus programme. Two of the BOJ's nine board members dissented to the central bank's decision to keep short-term interest rates at 0.5% and proposed, unsuccessfully, to hike borrowing costs to 0.75%. At the two-day meeting that ended on Friday, the BOJ decided to sell its holdings of exchange-traded funds (ETF) ...

By Leika Kihara and Makiko Yamazaki TOKYO (Reuters) - The Bank of Japan decided on Friday to start selling its holdings of risky assets and two board members voted against keeping interest rates steady, suggesting the bank would phase out its massive monetary stimulus sooner than first thought. While the central bank kept short-term interest rates at 0.5%, board members Hajime Takata and Naoki Tamura proposed, unsuccessfully, a hike to 0.75% in a move markets saw as a prelude to a near-term increase in b ...

The Federal Reserve has cut its benchmark fed funds rate range by 25 basis points to 4%-4.25%, in its first reduction since December 2024. How did the crypto market react to the dovish Fed outlook? CoinDesk’s Jennifer Sanasie breaks it down in a special “CoinDesk Daily” from Rio de Janeiro. ...

The Bank of England held rates steady in September, extending its pattern of alternating between cuts and pauses while signaling a more unified stance than in recent months. The decision reflects a balance between acknowledging the progress made in bringing inflation lowerAnalyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own op ...

The latest dot plot highlighting the growing division among FOMC members with one member seeing the Fed hiking rates this year. Another who we can probably guess seeing cuts of one and a quarter% over the next two meetings. Joining me now, Muhammad Alerian, Queens College Cambridge president. It's so good to have you here with us in the studio. Muhammad and so I noticed you retweet a comment from Jim Biano, another longtime Fed watcher and investor. and he basically said this meeting was a mess of this late ...