Eli Lilly & Co. (LLY) 加自选

美联储鲍威尔回击政治压力叙事。美联储主席杰罗姆·鲍威尔在会后新闻发布会上表示，美国经济去年以稳健的步伐扩张，并在“坚实的基础”上进入2026年。他补充说，货币政策“没有预设路线”，并重申未来的利率调整将取决于即将公布的数据、不断变化的前景和风险平衡。

Fed Powell pushes back on political pressure narrative.Fed Chair Jerome Powell said in the post meeting press conference that the US economy expanded at a solid pace last year and is entering 2026 on “firm footing”. He added that monetary policy is “not on a preset course”, reiterating that future rate adjustments will depend on incoming data, the evolving outlook, and the balance of risks.

美元反弹，美联储持有，但目前更大的问题在别处。这是一个无聊的利率决定，市场相信今天不会宣布任何实际举措。相反，重点在于细微差别，比如谁会投票支持降息，或者鲍威尔在新闻发布会上可能会说什么。

USD Bounces, Fed Holds, but the Bigger Matter is Elsewhere for Now.This was one of those boring rate decisions where markets were confident that no actual moves would be announced today. Instead, the focus is on the nuance, like who would vote to cut rates or what Powell might say during the presser.

美联储保持利率稳定——市场对FOMC的反应。对先前声明的修改包括对就业和经济的更为乐观的前景——这可能会取消未来的削减，但目前参与者正在等待鲍威尔。

Fed Keeps Rates Steady – Market Reactions to FOMC.Changes to the previous statement include a more robust outlook on employment and the economy – This could take out future cuts but for now participants are awaiting for Powell.

美联储在三次“风险管理”削减后重返边线。联邦公开市场委员会（FOMC）将政策利率固定在3.5%-3.75%的目标范围内。此前，在过去三次会议上，“风险管理”连续三次下调25个基点。

Fed Moves Back to the Sidelines, Following Three “Risk Management” Cuts.The Federal Open Market Committee (FOMC) held the policy rate fixed at the target range of 3.5%-3.75%. The move comes after three consecutive quarter-point “risk management” cuts at the past three meetings.