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华尔街摩根大通对美联储降息预期调整

华尔街的摩根大通在周四(8月7日)发布的报告中,对美联储的降息路径做出新的预测。该行预计美联储将自2025年9月的政策会议起开始降息,且连续三次每次降息25个基点,使政策利率降至3.5%。其依据是就业市场与整体经济已现放缓迹象。此前,该行曾认为今年美联储仅在12月政策会议降息一次 ,但周四报告表明,当前风险促使美联储将更早降息并连续三次降25基点。

经济拐点信号显现

7月30日,美联储FOMC结束为期两天的货币政策会议,维持联邦基金利率目标区间在4.25%至4.50%不变,这已是连续五次维持利率不变。然而,最新就业数据引发市场对降息的强烈预期。美国劳工统计局数据显示,7月新增就业岗位仅7.3万个,远低于预期,失业率升至4.2%,且5月和6月数据大幅下修,合计减少25.8万个岗位,这些明确反映美国经济放缓,预示经济拐点将至。

美联储下一步决策或取决于8月就业数据。摩根大通报告指出,若失业...

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