美联储 7 月利率决议看点:FOMC 措辞对比、鲍威尔任期与美联储独立性

链捕手
Jul 31, 2025

ChainCatcher 消息,据业内消息,美联储 7 月利率决议看点一览如下:

FOMC 声明:

1. 投票比例:或以 9-2 的投票比例通过此次利率决定,理事鲍曼和沃勒料投反对票。

2. 措辞对比:料难有实质性改动,或简化经济前景不确定性表述,承认上半年经济增长放缓。

3. 缩表规模:大概率维持不变(每月减持 50 亿美元美债和 350 亿美元 MBS)。

鲍威尔发布会:

1. 利率前景:如何看待 6 月点阵图所暗示的“两次降息”预期?会否给出 9 月降息前景的线索?

2. 经济数据:料强调数据重要性,延续数据依赖、逐会决策的沟通风格。

3. 通胀与关税:或保持谨慎,重申维持物价稳定;若强调关税对通胀的上行风险,或比预期更鹰派。

4. 任期与独立性:面对特朗普频频施压,大概率不会做出实质性回应,料重申任期内保持独立与专业。(金十)

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