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cover of episode Fed Stays on Pause, Chips Rally on Export Hopes

Fed Stays on Pause, Chips Rally on Export Hopes

2025/5/8
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Schwab Market Update Audio

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Jerome Powell: 我认为目前对经济走向的不确定性非常高,下行风险也增加了。通货膨胀和失业率上升的风险都在增加,但尚未实现。就目前而言,在改变政策立场之前,我们有很好的条件等待更大的清晰度。目前的政策是适度限制性的,这使美联储能够很好地应对经济放缓或通货膨胀上升。经济状况良好,但通货膨胀仍然略高于美联储2%的目标。如果通货膨胀和失业率都上升,我们将首先解决对经济损害更大的问题。 Schwab Center for Financial Research: 美联储稳定物价和最大限度就业这两个目标可能存在冲突:高通胀支持加息,高失业率支持降息。但我们认为,美联储将更关注其就业市场目标,预计下半年会降息。 Jeffrey Kleintop: 这与2018年类似,当时美国和中国进行了一系列会谈和谈判,似乎总是有某种协议即将达成,但最终却以锁定当时大部分现有关税而告终,只达成了一项狭隘的“第一阶段”贸易协议。未来几周,市场对潜在贸易协议的乐观情绪可能会波动,因为贸易协议的达成通常需要18个月的时间。 Donald Trump: 我认为美国没有理由放弃对中国商品的高关税。

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After the Fed left rates unchanged, as expected, markets got a late boost Wednesday on hopes President Trump might lift certain chip export restrictions. Jobless claims loom today.

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