聚焦国泰海通香江策论:黄金不怕“虚火”——时事点评-260211-海通国际。The Policy Game of Warsh’s "Initial Maneuvers": Rate Cuts, QT, and Inflation. Since Warsh’s nomination, the market has digested hawkish expectations regarding QT, triggering severe volatility across global assets (Figure 2). However, we believe immediate QT is unlikely.
聚焦国泰海通香江策论:黄金不怕“虚火”——时事点评-260211-海通国际。The Policy Game of Warsh’s "Initial Maneuvers": Rate Cuts, QT, and Inflation. Since Warsh’s nomination, the market has digested hawkish expectations regarding QT, triggering severe volatility across global assets (Figure 2). However, we believe immediate QT is unlikely.
聚焦国泰海通香江策论:黄金不怕“虚火”——时事点评-260211-海通国际。The Policy Game of Warsh’s "Initial Maneuvers": Rate Cuts, QT, and Inflation. Since Warsh’s nomination, the market has digested hawkish expectations regarding QT, triggering severe volatility across global assets (Figure 2). However, we believe immediate QT is unlikely.核心数据:当以 3 个月平均年化季调率(3M SAAR)衡量时,美国核心通胀率已连续第二个月 运行在美联储 2%的目标之下(图 3),并低于多数发达市场水平(《全球背景下,美国或处于低通胀前沿》),也将为降息打开空间,降息节奏和幅度或将超预期。
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重点分析了黄金、国泰海通香江策论、黄金不怕“虚火”、时事点评等议题。