美聯儲將基準利率下調25個基準點

美聯儲將基準利率下調25個基準點
                                    10/31/2007 11:29am -                    
         
                                                  
                                                 
美聯儲將其隔夜拆借利率下調了25個基準點﹐到4.5%。這是自BenBernanke出任美聯儲主席以來的最低的聯邦基金利率。利率下調0.25%為市場廣泛所預期﹐但美聯儲並非全體投贊成票﹐KansasCity聯邦銀行行長ThomasHoenig主張維持利率不變。美聯儲表示通貨膨脹的風險和經濟增長相平衡。美聯儲也將其折扣利率調低了四分之一個點到5%。美聯儲預計短期內經濟增長將有所減緩﹐降息可以預防疲軟狀況的發生
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Fed Lowers Rate by a Quarter Point to 4.5 Percent

Oct. 31 (Bloomberg) -- The Federal Reserve cut its benchmark interest rate by a quarter point to 4.5 percent and signaled it's reluctant to reduce borrowing costs further.

``Today's action, combined with the policy action taken in September, should help forestall some of the adverse effects on the broader economy that might otherwise arise from the disruptions in financial markets,'' the Federal Open Market Committee said in a statement after meeting today in Washington. ``After this action, the upside risks to inflation roughly balance the downside risks to growth.''

Policy makers lowered rates for a second month even after reports today showed the economy expanded more than forecast last quarter and companies stepped up hiring. The Fed statement also warned that higher energy and commodity prices may spur faster inflation.

Stocks fell in the minutes after the Fed announcement, before resuming their rally. Treasury notes declined and the dollar weakened.

The Fed acknowledged that ``economic growth was solid in the third quarter, and strains in financial markets have eased somewhat on balance.'' At the same time, ``the pace of economic expansion will likely slow in the near term, partly reflecting the intensification of the housing correction.''

Today's decision wasn't unanimous. Kansas City Fed President Thomas Hoenig preferred no change.

Discount Rate

The Fed also lowered the discount rate, the cost of direct loans to banks, by 25 basis points to 5 percent, from 5.25 percent. A basis point is 0.01 percentage point.

``Unless the incoming data signal a net increase in downside growth risk, they think they are done,'' said Ian Shepherdson, chief U.S. economist at High Frequency Economics in Valhalla, New York. ``Inflation worries -- oil and commodities - - just won't go away.''

Policy makers have now lowered their target rate for overnight loans between banks by 0.75 percentage point in six weeks, the most aggressive easing since the economy was emerging from its last recession in 2001.

Economists and former officials said before the meeting that the central bank would want to preserve leeway to take back the rate cuts should the economy weather the risks from credit and housing markets. Vice Chairman Donald Kohn said Oct. 5 the Fed must be ``nimble in adjusting policy to promote'' both growth and price stability.

Insurance

Bernanke, 53, and other officials in speeches this month have described the importance of taking out insurance to protect the economy from risks when the outlook is difficult to judge.

``Intuition suggests that stronger action by the central bank may be warranted to prevent particularly costly outcomes,'' Bernanke said in an Oct. 19 speech on recent economic research. Chicago Fed President Charles Evans said Oct. 22 that ``at times we may need to adopt a risk management approach to policy'' to guard against threats to growth or inflation.

Consumer-price increases have slowed, while a falling dollar and rising oil costs threaten a renewed acceleration. The Fed's preferred gauge, the personal consumption expenditures price index excluding food and energy, probably rose 1.8 percent in September from a year ago, according to the median forecast. The Commerce Department reports the figures tomorrow.

The index remained below 2 percent from June to August. Bernanke, before taking the Fed's helm, said his ``comfort'' range for the measure was 1 percent to 2 percent.

Faster Expansion

The Commerce Department said today that the expansion picked up in the third quarter, though economists surveyed by Bloomberg predict a slowing this quarter. A private report showed companies hired 106,000 this month after creating 61,000 jobs in September.

The economy grew at a 3.9 percent annual rate in July to September, up from 3.8 percent in the previous three months, Commerce figures showed. It will slow to a 1.8 percent pace in the current period, according to the median estimate in a survey published Oct. 10.

Housing figures this month showed the industry has yet to find a bottom. A private survey yesterday showed home values in 20 metropolitan areas slid the most in at least six years. Sales of previously owned homes fell to the lowest level since National Association of Realtors began keeping records in 1999, and government figures recorded a 14-year low for housing starts.

Continued stress in credit markets may lengthen the housing recession and temper business investment plans. The world's largest banks and securities firms announced more than $30 billion of third-quarter charges.

Citigroup Inc. the biggest U.S. bank, said Oct. 15 that earnings fell 57 percent as loan losses increased. Merrill Lynch & Co. last week wrote down the value of subprime mortgages, asset-backed debt and leveraged loans by $8.4 billion.

The benchmark rate is now at the lowest level since January 2006. Bernanke took office the following month, and continued a series of rate increases that lifted the federal funds rate to 5.25 percent by June last year.

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dow跳水后拉回 ,其实不管降不降,华尔街都作好了忽悠散户的准备。
其实单纯从美国经济来看,降息是毒药。但扩大到美国在全球的利益,降息是灵丹,低美元高油价,中国的外汇储备就有一部分算是替美国人去分担危机的了。

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原帖由 jacob1224 于 2007-10-31 20:29 发表
明天美国那边不知道会不会回调了,

不用等明天吧,现在美国那边还开着呢

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原帖由 daishu123 于 2007-10-31 20:41 发表
最后无奈的向大家宣布,买中概股吧,市场的炒做会加剧。


daishu何解,难道已经看出一些端倪

明天巨人看来你又要有大动作了

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原帖由 梅子黄时 于 2007-10-31 20:36 发表

不用等明天吧,现在美国那边还开着呢


估计今天后市应该还会保持一个比较不错的增长势头,要不如何来吸引小散们入市呢?不过今天那次跳水之后拉升真是无语了,不知道炒家什么目的。

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同样的牌用的次数太多就会失去效用,何况华尔街又不总是铁板一块的,到了极限点的时候,总会有意见的分歧,谁又敢轻易的放出自己的筹码被别人捡便宜。

总体来看降息还是符合美国的利益的,格老当初也不是什么道德人士,满口空话加不断印钞票,建立在剥削别人基础上的美国金融殖民主义就能屹立不倒。要改变就只能从改变世界秩序来入手,就好像古代的地主不从事生产却可以享受更多的消费品,单看他个体确实不符合经济规律,但要改变就只能打破封建社会的整个框架。

现在的美国就是地球村的地主。地租收的再狠你也没办法。

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解决次贷大概也只能这么办,美国人花的比挣的多还能怎么办,让别人帮着背啊。

金融业已经开始受次贷牵连,不让市场有泡沫随他们完蛋那就是一个硬着陆,历史上地产金融一起出问题的时候几乎都造成了衰退,没衰退的两次就是降息起作用了。

现在这样的市场泡沫并不是普遍现象,受危机牵连的行业已经超卖了,有泡沫的只是高成长的科技股,借助危机转嫁让美国经济在大选前软着陆才是联储的算盘。

同意daishu的看法,中概肯定是被炒的对象了,而中国的地产估计又要发彪了。

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大家一起吹泡泡吧。。
吹泡泡,吹个大泡泡。

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