分析:美联储会议纪要将揭示9月加息究竟是“信誉加息”还是新周期起点

格隆汇
Oct 07
投资者将密切关注即将公布的FOMC会议纪要,以寻找美联储上月加息时决策层思路的更多线索。BMO策略师伊恩·林根表示,在上次美联储会议召开前,投资者之间一个较为普遍的观点是,美联储主席沃什需要通过加息来维护央行的政策信誉,而并非直接因为近期经济数据要求进一步收紧政策。林根表示:“委员会在多大程度上讨论了类似的‘信誉加息’框架将非常值得关注。如果这一思路确实得到较多讨论,那么它可能意味着未来加息路径将更加渐进,这也与威廉姆斯最近的表态一致。”他还表示,将重点关注FOMC如何评估实现充分就业和物价稳定“双重使命”所面临的风险平衡。相关讨论可能有助于判断美联储继续加息的意愿究竟有多强,或者市场是否有理由把9月的加息真正视为一次性的政策行动。

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