Odaily星球日报讯 法巴银行的经济学家写道，美联储官员可能很难“在不卷入关于当选总统特朗普潜在经济政策的辩论的情况下”制定和讨论货币政策。他们预计 FOMC 下周将降息 25 个基点，正如市场所反映的那样。他们补充说，美联储主席鲍威尔“可能会利用新闻发布会，为进一步放松货币政策的暂停提供选择。”他们预计他不会直接评论特朗普的政策，“但 FOMC 将制定与管理高通胀风险一致的政策，”经济学家说。（金十）

法巴银行：美联储将在考虑通胀风险的情况下制定政策

Odaily Odaily News: Economists at BNP Paribas wrote that it may be difficult for Federal Reserve officials to formulate and discuss monetary policy &quot;without being drawn into the debate about President-elect Trump&#39;s potential economic policies.&quot; They expect the FOMC to cut interest rates by 25 basis points next week, as the market has reflected. They added that Fed Chairman Powell &quot;may use the press conference to provide options for pausing further monetary policy easing.&quot; They do not expect him to comment directly on Trump&#39;s policies, &quot;but the FOMC will formulate policies consistent with managing the risks of high inflation,&quot; the economists said. (Jinshi)

BNP Paribas: Fed will formulate policy taking into account inflation risks

Odaily reports that LBBW analyst Elmar Voelker said in a report that the Federal Reserve's interest rate decision at next week's meeting is not as clear as the forward interest rates suggest. "In our view, the recently released US macroeconomic data does not provide a clear template for the upcoming interest rate decision," said the senior fixed income analyst. Voelker said that from the perspective of bond market participants, "a 25 basis point cut in December and a hint of a pause in January" is not much different from "a pause in December and a hint of a 25 basis point cut in January". LSEG data shows that the market sees a 94% chance of a 25 basis point rate cut by the Fed next week, and a 6% chance of keeping rates unchanged. (JinShi)

The Fed's upcoming rate decision isn't as clear as market pricing suggests

Odaily reports that following the release of higher-than-expected US PPI and initial jobless claims data, Paul Ashworth, an analyst at Capital Economics, stated: "The components of the Fed's preferred PCE measure were generally weak, and combined with yesterday's CPI data, this suggests the core PCE will rise just 0.03% month-on-month. It now looks more likely that the Fed will cut rates by another 25 basis points next week." Meanwhile, the number of initial jobless claims increased by 17,000 last week, the highest level since mid-October last year, while economists had expected a decrease of 4,000 to 220,000.

Capital Economics: The Fed is more likely to cut interest rates by 25 basis points next week

Odaily reports that according to CCTV News, the Central Economic Work Conference was held in Beijing from December 11 to 12. The meeting pointed out that it is necessary to implement a moderately loose monetary policy, lower the reserve requirement ratio and interest rates in a timely manner, maintain ample liquidity, and ensure that the scale of social financing and money supply growth match the targets of economic growth and overall price level. It will explore the expansion of the central bank's macro-prudential and financial stability functions. It is necessary to strengthen the coordination and cooperation of fiscal, monetary, employment, industrial, regional, trade, environmental protection, and regulatory policies and reform and opening-up measures, improve the effective communication and feedback mechanism between departments, and incorporate economic and non-economic policies into the consistency assessment of the macro-policy orientation to enhance the overall policy effectiveness.

Central Economic Work Conference: We should implement a moderately loose monetary policy and cut the reserve requirement ratio and interest rates at the right time