鲍威尔发布会“最重要的信息”不是降息、也不是扩表,而是“就业系统性高估”,美联储预计“就业负增长”

华尔街见闻
Dec 12, 2025

在刚刚结束的12月FOMC会议上,美联储降息又扩表:如期降息25个基点,并提前宣布了“储备管理购债”的计划,首轮购买约400亿美元的短期国债。 然而,在高盛看来,震撼市场的并非货币政策本身的调整,而是美联储主席鲍威尔亲口承认,官方的就业增长数据可能存在“严重的系统性高估”,其实际情况甚至可能已陷入负增长。 高盛直言,这本次会议“最重要的新信息”。 这意味着支撑美国经济的关键支柱——劳动力市场,远比...

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