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Reuters ·  01/29 17:17

Repeats With No Changes (Originally Posted Jan 27

重複內容無變化(原始發佈時間:1月27日

- With Markets Fully Priced for a Pause in Monetary Policy at the Upcoming Federal Reserve Decision, the Focus Will Be on the Accompanying Statement and Chair Jerome Powell’s Press Conference.

1月29日(路透社)- 隨着市場完全預計在即將到來的聯邦儲備會議上暫停貨幣政策,焦點將集中在隨附的聲明和主席傑羅姆·鮑威爾的新聞發佈會上。

Commentary From Fed Officials Since December – Shown in the Table Below – Has Been One of Less Urgency to Cutting Rates Further, Thus Endorsing Chair Powell’s Message at the Prior Meeting.

自12月以來聯儲局官員的評論——如下面的表格所示——表明進一步減息的緊迫性較低,因此支持鮑威爾主席在上次會議上的信息。

The More Hawkish Members on the Committee Have Voiced Their Concerns Over the Rising Risk That the Disinflationary Process Has Stalled, Which in Turn Has Raised Questions Over the Restrictiveness of Current Policy.

委員會上更爲鷹派的成員對通貨緊縮過程停滯的上升風險表示關切,這反過來又引發了對當前政策限制性的質疑。

On the Flipside, the Closely Watched Fed Official, Christopher Waller, Who Is Often Thought as the Lead Indicator for the Direction of Travel That the Committee Is Heading, Has Been Somewhat More Dovish-Leaning.

另一方面,備受關注的聯儲局官員克里斯托弗·沃勒,常被視爲委員會方向的領先指標,傾向於更加鴿派。

The Rate-Setter Has Suggested That a March Cut Cannot Be Completely Ruled Out, Should Inflation Ease Further, While Also Indicating That the Door Is Open to Cutting Rates 3-4 Times This Year, More Than the Dot Plot Projection for Two 25BP Cuts.

這個利率制定者暗示,如果通貨膨脹進一步減緩,3月減息不能完全被排除,同時也表示今年減息3-4次的大門是敞開的,這一數字超過了點陣圖預測的兩個25個點子的減息。

On Balance, the Fed Is Likely to Reiterate Its Cautious Stance, Particularly in Light of the Backdrop of Potentially Significant Changes to U.S. Trade Policy Which Can Have a Knock-on Effect on the Monetary Side. However, Should Powell Offer a Sense of Optionality That a March Cut Cannot Be Ruled Out, This Would Likely Weigh on the Dollar, Given Markets Have Priced in 9Bps of Easing.

總體而言,考慮到可能對美國貿易政策發生重大變化的背景,聯儲局可能會重申其謹慎立場,這可能會對貨幣方面產生連鎖反應。然而,如果鮑威爾傳達出3月減息之路不能被排除的靈活性,這可能會對美元產生壓力,因爲市場已經預計了9個點子的放鬆。

For More Click on Fxbuz

欲了解更多,請點擊 Fxbuz


(Justin Mcqueen Is a Reuters Market Analyst. the Views Expressed Are His Own.)

(賈斯汀·麥奎因是路透社的市場分析師。所表達的意見僅代表他本人。)

((Justin.mcqueen@Thomsonreuters.com))

((Justin.mcqueen@Thomsonreuters.com))

声明:本內容僅用作提供資訊及教育之目的,不構成對任何特定投資或投資策略的推薦或認可。 更多信息
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