美联储:延长暂停信号抑制加息押注 – 星展银行
星展集团研究部的Philip Wee表示,美联储正在努力降低市场对鹰派立场的预期,以应对5月15日凯文-沃什(Kevin Warsh)出任主席一事。

星展银行集团研究部的Philip Wee表示,美联储正在努力在5月15日Kevin Warsh就任主席之前,抑制鹰派预期。官员们强调尽管能源冲击导致近期通胀预期上升,但将维持延长暂停,理由是长期通胀和工资保持稳定,劳动力数据走软,预计4月非农就业人数仅为5万至10万。

尽管能源冲击,政策保持耐心

“地缘政治热度的降温恰逢美联储战略性努力以缓和鹰派预期。”

“在Kevin Warsh于5月15日接任美联储主席之前,官员们试图通过强调延长暂停来纠正市场对2026年底加息的定价。”

“尽管伊朗冲突引发的能源冲击推动了一年期通胀预期上升,美联储官员仍认为当前利率已足够紧缩。”

“随着长期通胀预期和工资增长保持稳定,美联储抵制激进的紧缩立场,这一立场得到了今日降温的劳动力市场数据支持。”

“预计4月非农就业人数将降至5万至10万区间,远低于2022年推动美元飙升的强劲数据。”

(本文由人工智能工具协助生成,编辑审核。)

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