【华创证券:就业数据支持美联储继续按兵不动】华创证券发布研报称,就业数据支持美联储继续按兵不动。对美联储而言,稳健的就业是关注和决策重心转向通胀的基石假设,也是在此基础上,基于对通胀容忍度的差异,导致美联储内部分歧加大。而近两个月的就业持续降温,转向“弱而不崩”,支持了继续按兵不动、等待并观察通胀继续回落的合理性,也有利于弥合内部的分歧。目前依然倾向于美联储今年可以维持利率不变,类似1997年“预防式加息”的理由并不充分。
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