中银香港(02388.HK):美国通胀回落速度放慢 料美债息出现阶段性反弹

阿斯达克财经
19 Dec 2024

美联储周三(19日)公布议息结果,一如预期减息0.25%,但未来减息步伐则较市场预期为慢。据最新的利率位图显示,美联储官员上调2025年底的利率中位数预测至3.9%,高于较早时预估的3.4%水平,意味明年将会减息两次。
中银香港个金产品财富策略及分析处主管张诗琪表示,美国通胀回落速度将会放慢,美联储因而减慢未来减息步伐,以先行管理市场预期。

张诗琪认为,美国通胀回落速度或会受到未来的财政政策方向影响,但由于政策落地并传达至实质经济层面有滞后性,故此一向以数据为主导的美联储需要时间观察经济情况,以调节减息步伐。美联储主席亦强调未来进一步减息时,必须看到对抗通胀取得新的进展,言论倾向鹰派。目前市场普遍预期,美联储明年1月议息将按兵不动。
张诗琪亦预期,随着美联储调节减息步伐,美国债息将在回落过程中出现阶段性反弹。(js/u)
(港股报价延迟最少十五分钟。沽空资料截至 2024-12-19 12:25。)
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