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cover of episode Investors Mull Fed Projections, Watch Middle East

Investors Mull Fed Projections, Watch Middle East

2025/6/20
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Schwab Market Update Audio

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Colin Martin
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Jerome Powell
现任美联储主席,曾任投资银行家和律师,领导美联储应对COVID-19疫情和控制通胀。
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Colin Martin: 作为施瓦布金融研究中心的固定收益策略主管,我认为美联储的最新经济预测显示,失业率和通货膨胀率双双上升,这给美联储带来了挑战,使其维持充分就业和稳定物价的双重任务面临冲突。通胀修正幅度大于失业率修正,这表明美联储可能在短期内更关注通胀。GDP预测被进一步下调,这意味着滞胀可能会持续成为一个热门话题。滞胀,即经济增长疲软和物价上涨,是美联储面临的最棘手挑战。 Jerome Powell: 作为美联储主席,我认为当前的联邦政策水平对于应对潜在的关税影响是合适的。我们有足够的时间去评估关税对价格的可能影响后再做调整。商业主管们对美联储的反馈更加积极和建设性。经济依然强劲,但易受关税驱动型通胀的影响。

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The Federal Reserve kept interest rates unchanged, projecting two rate cuts this year. However, the market reaction was muted, with some analysts pointing to less-than-bullish undertones in the Fed's projections. The Fed's updated economic projections show higher unemployment and inflation, creating a conflict in its mandate.
  • Fed left rates unchanged
  • Two rate cuts still projected, but less certain
  • Higher unemployment and inflation projections
  • GDP growth revised lower
  • Stagflation remains a concern

Shownotes Transcript

Markets barely moved late Wednesday after the Fed meeting and before Thursday's holiday. Geopolitical concerns and "triple-witching" volatility could affect today's trading.

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