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美国联准会(Fed)于周三一致决议将基准利率上调一码至 3.75% 至 4% 的区间,并预告今年内可能再升息一次以抑制通膨,这标志著自 2023 年 7 月以来的首次升息。主席凯文·沃许(Kevin Warsh)在会后记者会上表示,此次升息旨在减少宽松程度,使金融与信贷条件更符合价格稳定的最终目标,并强调决策层对实现通膨目标的坚定决心。

此项货币紧缩政策直接违背了美国总统唐纳·川普(Donald Trump)的期望,川普随后在社群媒体上呼吁大幅降息至 1% 或更低,并批评联准会理事会充满敌意且政治化,但仍表示对沃许个人抱有信任。在此同时,由于 8 月核心通膨高于预期,加上关税与地缘冲突推升物价,债券市场反应强烈,两年期与十年期美国公债殖利率均大幅飙升突破关键水准。

最新的利率预测显示,决策官员对 2026 年底的利率中位数预期已由 3.8% 上调至 4.1%,且多数官员倾向支持进一步紧缩,尽管官员们将通膨降回 2% 目标的时间点延后至 2029 年。尽管通膨仍然居高不下,沃许与决策委员会仍对美国当前展现的经济韧性、强劲生产力与就业稳定性表达乐观,显示在稳固的经济基础下,未来政策或将延续鹰派基调。



The Federal Reserve unanimously voted to raise the benchmark interest rate by a quarter percentage point to a range of 3.75% to 4%, marking its first rate increase since July 2023, while signaling another potential hike later this year to curb inflation. Chairman Kevin Warsh stated during the post-meeting press conference that the move removed a dose of policy accommodation to better align credit conditions with their ultimate price stability mandate.

This tightening decision directly defied President Donald Trump, who urged immediate rate cuts to 1% or lower on social media while criticizing the Fed board as hostile and political, though he maintained personal confidence in Warsh. Concurrently, fueled by hotter-than-expected August core inflation along with tariff and conflict pressures, Treasury yields surged markedly, with the two-year yield climbing to 4.73% and the 10-year yield surpassing 5%.

Updated economic projections revealed officials raised their median interest rate forecast for late 2026 from 3.8% to 4.1%, signaling growing backing for ongoing policy tightening even as the return to the 2% inflation target was pushed back to 2029. Despite stubborn price pressures, Warsh and the FOMC emphasized the resilience of the US economy, highlighting robust productivity, capital investment, and employment that support continued monetary vigilance.
2026-09-17 (Thursday) · 29c52402d17030af82a98138c1923c7df161ea67