分析师注意
|Eric Compton，CFA|在4月28日发布的最新声明中，联邦公开市场委员会不挑战，持有联邦资金率为0.0％-0.25％。没有人预计这次会议的费率变化，并且没有新的经济预测发布，因此，这可以说是一个低调事件。相反，焦点仍然存在于释放释放语言中的任何变化以及资产负债表逐渐变细的任何提示。T.here were no hints at tapering, and we don’t expect even a hint at tapering until the economic recovery is well on its way, at least for a couple more months--and we expect that any actual tapering will be telegraphed well in advance. The key debate today is how high inflation will get, if it will be transitory, and how long the Fed will hold off on rate hikes as inflation progresses. Based on our read of the Federal Reserve's most recent statements, we don’t plan to make any changes to our current rate forecasts in our U.S. bank models, although we admit that the risks to inflation seem to be toward the upside, and therefore rates hikes could happen sooner in a hotter environment.