美联储正在偏向鹰派 公信力提高对债券市场有利

环球市场播报
Sep 17

专题:美联储如期加息25基点 点阵图显示鹰派倾向增强

  几个方面看,美联储此次利率决定偏向“鹰派”:一是全体一致投票加息,(此前有人预计会出现反对票);二是点阵图预计今年还会再加息一次,这一点基本符合预期;三是预计明年利率维持不变,这一点总体上并不完全符合预期,不过各方预测本来就相当分散。美联储对2028年利率和长期利率的预测也高于此前预估,其中长期利率预测上调至3.25%,为2016年以来最高。

  总体而言,我认为市场共识倾向于这样一种看法:即从维护美联储公信力的角度看,偏鹰派的结果反而最有利于债券市场,最初的市场反应似乎也印证了这一判断。股市目前有些懵,但如果市场认为美联储正在恢复信誉,股市应该也会表现不错。

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