Stock版 - Fed Says Market Turmoil Poses Threat to Economic Growth, Leaving Door Open for More Easing Next Year |
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d******8 发帖数: 1972 | 1 Fed Says Market Turmoil Poses Threat to Economic Growth, Leaving Door Open
for More Easing Next Year (Click for Market Reaction) | a*********2 发帖数: 932 | | d******8 发帖数: 1972 | 3 The Federal Reserve on Tuesday left monetary policy on hold but said
financial market turbulence posed threats to economic growth, leaving the
door open to further easing next year.
Getty Images
Federal Reserve Chairman Ben Bernanke
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The Fed characterized the U.S. economy as expanding moderately despite an
apparent slowing in global growth, though it added that unemployment
remains elevated and housing activity depressed.
"Strains in global financial markets continue to pose significant downside
risks to the economic outlook," the central bank said in its post meeting
statement.
Offering no new guidance on its evolving communications policy, the Fed
repeated that it expects inflation to settle at levels at or below those
consistent with its price stability mandate.
For a second time running, Chicago Fed President Charles Evans dissented
against the decision, saying he favored additional easing now.
The U.S. central bank has held overnight interest rates near zero since
December 2008 and has bought $2.3 trillion in government and mortgage-
related bonds in a further attempt to stimulate a robust recovery.
Fed officials are divided among those who think high unemployment and
sluggish growth demand more action and those who view the central bank's
already-aggressive efforts as bordering dangerously on an invitation to
inflation .
Some influential policymakers, including Vice Chair Janet Yellen, have
suggested they would be inclined to take additional steps if growth fails to
pick up.
Recent data about the U.S. economy do point to some improvement. The jobless
rate tumbled 0.4 percentage points to 8.6 percent in November, factory
activity has quickened and businesses are restocking depleted shelves.
Consumer spending also appears reasonably solid, although a softer-than-
expected report on November retail sales on Tuesday offered a hint that it
could be flagging.
The U.S. economy expanded at a 2.0 percent annual rate in the third quarter,
a welcome acceleration from a a sub-1 percent pace over the first half of
the year. Forecasters hope growth will top a 3 percent rate in the current
quarter.
However, analysts say the recovery's current strength is partly a snapback
from the weakness that followed Japan's natural disasters and high oil
prices early in the year.
They caution that a return to more-sluggish growth is likely, particularly
with a recession brewing in Europe, which has been battling a virulent debt
crisis.
Many observers believe the Fed will step in to take steps to stimulate
growth in 2012, first through communications measures that drive home their
expectation that interest rates will not rise for along time, and then
through more bond buying.
Yellen has said the Fed could reinforce its ultra-accommodative monetary
stance by publishing policymakers' forecasts for the path of interest rates.
Officials are also debating whether to adopt an explicit target for
inflation.
The first step would reassure skittish markets that the Fed is not about to
tighten policy any time soon. The latter would aim to dispel any doubts
about the central bank's commitment to keeping inflation low.
Top officials have also remained open to adding bonds to the Fed's already
bloated portfolio.
Some have said the central bank should resume purchases of mortgage-backed
securities to help revive the depressed housing market; others would prefer
to stick with purchases of U.S. government debt . | d******8 发帖数: 1972 | 4 BAC先跳了:)
【在 a*********2 的大作中提到】 : 也没有怎么跳水啊。
| g******n 发帖数: 53185 | 5 重大消息隔天反应,估计明天跳水
【在 a*********2 的大作中提到】 : 也没有怎么跳水啊。
| a*********2 发帖数: 932 | 6 跳了,红了~~难道真的是bloody christmas? |
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