Fed Keeps Interest Rates Steady, Announces Slower-Than-Expected Pace Of Balance Sheet Runoff
Fed Keeps Interest Rates Steady, Announces Slower-Than-Expected Pace Of Balance Sheet Runoff
The Federal Reserve opted to keep the federal funds rate unchanged at 5.25% to 5.5% Wednesday, as widely expected, reinforcing its commitment to steering the economy toward sustainable growth and controlling inflation.
正如人们普遍预期的那样，美联储周三选择将联邦基金利率维持在5.25％至5.5％不变，这加强了其引导经济走向可持续增长和控制通货膨胀的承诺。
The Fed said it does not expect it will be appropriate to cut rates until it has gained greater confidence inflation is moving sustainably toward 2%.
美联储表示，在增强信心通货膨胀率持续走向2％之前，预计不宜降息。
The Federal Open Market Committee has outlined a plan to gradually reduce its holdings of Treasury securities and agency debt, marking a shift toward normalizing its balance sheet.
联邦公开市场委员会概述了一项逐步减少其持有的国债和机构债务的计划，这标志着其资产负债表向正常化的转变。
Starting in June, the Fed will reduce the monthly redemption cap on Treasury securities from $60 billion to $25 billion while maintaining the cap on agency debt and mortgage-backed securities at $35 billion.
从6月开始，美联储将把美国国债的每月赎回上限从600亿美元降至250亿美元，同时将机构债务和抵押贷款支持证券的上限维持在350亿美元。
This represents a slower-than-expected pace of reduction in so-called quantitative tightening, as markets participants expected the Fed to shift from $60 billion to $30 billion in its monthly redemption cap on Treasury securities.
这表明所谓的量化紧缩的缩减速度低于预期，因为市场参与者预计美联储的美国国债每月赎回上限将从600亿美元转移到300亿美元。
Wednesday's Fed statement indicates that risks to achieving employment and inflation goals 'have moved toward a better balance over the last year,' as opposed to the phrasing "are moving into better balance" in the March policy statement.
美联储周三的声明表明，实现就业和通货膨胀目标的风险 “在过去一年中已朝着更好的平衡方向发展”，而不是3月份政策声明中的 “正在走向更好的平衡”。
The U.S. dollar index (DXY), as tracked by the Invesco DB USD Index Bullish Fund ETF (NYSE:UUP), inched lower minutes after the statement release.
景顺数据库美元指数看涨基金ETF（纽约证券交易所代码：UUP）追踪的美元指数（DXY）在声明发布几分钟后小幅走低。
Traders now await Fed Chair Jerome Powell's remarks due at 2:30 p.m. ET.
交易员现在正在等待美联储主席杰罗姆·鲍威尔将于美国东部时间下午 2:30 发表的讲话。
Read now: April Jobs Report Preview: Bank Of America Anticipates Solid Payrolls Growth, Rising Wage Pressures
立即阅读： 4月就业报告预览：美国银行预计就业人数将稳步增长，工资压力上升
Federal Reserve illustration created using artificial intelligence via MidJourney.
通过 MidJourney 使用人工智能创作的美联储插图。