金十数据整理:美联储利率决议有何看点?

金十财经
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【金十数据整理:美联储利率决议有何看点?】1. 利率预期:预计美联储此次会议将维持利率在4.25%-4.50%不变,连续第三次会议按兵不动。目前联邦基金利率期货显示,市场预期6月降息的概率为28.4%,定价今年全年累计降息78BP。2. 投票比例:上次会议委员们一致同意维持利率不变,但理事沃勒反对缩表调整。此次会议预计仍将一致同意按兵不动,但若缩表节奏变动,沃勒或再投下反对票。3. 缩表步伐:留意是否会对缩表步伐进行调整。预计将维持3月缩表步伐,即将美债减持上限维持在50亿美元/月,MBS减持上限维持在350亿美元/月。4. 声明措辞:需关注声明对经济前景的相关评论,是否会调整3月“经济前景的不确定性增加”的措辞以反映不确定性增加,以及调整“经济活动继续以稳健的速度扩张”的措辞以反映一季度GDP数据疲弱。“劳动力市场状况依然强劲”和“通胀仍然高企”的表述可能保留。可能会在声明中表达对“外部因素”(即关税)的密切关注。5. 鲍威尔发布会:可能继续提及不稳定性,表达不必急于调整政策、以等待情况更加明朗的立场。关注对近期经济数据的评论,以及美国贸易政策对经济前景的影响。此外,鲍威尔可能会回应近期特朗普对其降息过慢的批评。6. 其他:若此次会议维持利率不变,特朗普料会在决议后加大火力抨击鲍威尔,呼吁降息。

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