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发表于 2010-3-16 10:22
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hands up!!!!) I# ]5 z& e7 M+ N' z
还有一个小时就是美联储的利率决定。4 J* J. ^ G! v+ q E. d
下面是市场分析师的一些看法:' l" C9 J) \: G& P( E, q8 z
Economic Analysis: The market is once again unanimous in its expectation that the Fed will leave the current benchmark interest rate target of 0.00-0.25% unchanged. The focus shifts to the press statement, as has been the case since the Fed ended its latest easing cycle. The areas where traders will be paying particular attention to are the economic outlook, the MBS purchase program, and the "extended period" language. Aside from a mark-to-market of the US economy, we expect little else to change. The recent data have been uneven to say the least and could perhaps elicit some caution from the Fed - especially on the housing front. However, horrible February weather wreaked havoc on the statistics and the committee could decide to mention the overall trend in the economy - which, while lackluster, remains decidedly higher. In terms of the MBS purchase program, all indications are that this will end on schedule (March 31) and we expect the members will use similar language to the January communique. They will maintain their flexibility to become active in the MBS space should conditions warrant in the future, but for now they will finalize this extraordinary support as announced. Finally, we do not anticipate that the Fed will remove the language that current conditions "warrant exceptionally low levels of the federal funds rate for an extended period." The best information in terms of a timeline for the removal of this language came recently from Chicago Fed President Evans, who noted that the change could come after the next three or four meetings. In other words, expect this to remain in the text until around the September 21 meeting. |
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