……关于美联储政策信号： 本次 25 个基点降息出现了来自两方的正式反对票，并且还有一些“软性反对”迹象。 未来降息将暂时进入观望暂停期，但暂停的具体时长尚不明确。 在鲍威尔明确排除短期内加息的可能性后，他多次将当前的政策立场描述为**“位置良好”（well positioned）。 资产负债表管理则比市场预期更偏鸽派。 ... and on Fed policy signals: Two-sided formal dissents on this 25 bps rate cut, with indications of a few "soft dissents." A pause for now on future rate cuts, though the extent of the pause is unclear. With Chair Powell ruling out the possibility of a rate hike anytime soon, he repeatedly characterized the Fed policy stance as “well positioned.” More dovish-than-expected balance sheet management.
Mohamed El-ErianChief Economic Advisor at Allianz
观点原文
……关于美联储政策信号：
本次 25 个基点降息出现了来自两方的正式反对票，并且还有一些“软性反对”迹象。
未来降息将暂时进入观望暂停期，但暂停的具体时长尚不明确。
在鲍威尔明确排除短期内加息的可能性后，他多次将当前的政策立场描述为**“位置良好”（well positioned）。
资产负债表管理则比市场预期更偏鸽派。
... and on Fed policy signals:
Two-sided formal dissents on this 25 bps rate cut, with indications of a few "soft dissents."
A pause for now on future rate cuts, though the extent of the pause is unclear.
With Chair Powell ruling out the possibility of a rate hike anytime soon, he repeatedly characterized the Fed policy stance as “well positioned.”
More dovish-than-expected balance sheet management.
FED
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