--- title: "通胀降温缓解压力，但美联储后续政策路径仍不明朗" description: "美国劳工统计局报告显示，9 月 CPI 环比上涨 0.3%，同比涨幅 3.0%，均低于预期。核心 CPI 环比上涨 0.2%，同比涨幅 3.0%。尽管通胀压力有所缓解，但美联储的后续政策路径仍不明朗，因特朗普关税政策可能引发新一轮通胀，且美联储对劳动力市场疲软表示担忧。鲍威尔对降息节奏保持谨慎，而特朗普则要求美联储激进降息。" type: "news" locale: "zh-CN" url: "https://longbridge.com/zh-CN/news/262637903.md" published_at: "2025-10-24T12:57:58.000Z" --- # 通胀降温缓解压力，但美联储后续政策路径仍不明朗 > 美国劳工统计局报告显示，9 月 CPI 环比上涨 0.3%，同比涨幅 3.0%，均低于预期。核心 CPI 环比上涨 0.2%，同比涨幅 3.0%。尽管通胀压力有所缓解，但美联储的后续政策路径仍不明朗，因特朗普关税政策可能引发新一轮通胀，且美联储对劳动力市场疲软表示担忧。鲍威尔对降息节奏保持谨慎，而特朗普则要求美联储激进降息。 据报道，美国劳工统计局周五发布的报告显示，9 月各类商品与服务价格涨幅低于预期。这份在政府停摆期间获准发布的唯一官方经济数据显示，整体 CPI 环比上涨 0.3%，同比涨幅达 3.0%，均低于市场预期的 0.4% 和 3.1%。剔除食品和能源的核心 CPI 环比上涨 0.2%，同比涨幅亦为 3.0%，分别低于 0.3% 和 3.1% 的预期值。这份报告为全面暂停经济数据发布期间的美国经济提供了观察窗口。但后续政策路径仍不明朗：各方持续担忧特朗普关税政策可能引发新一轮恶性通胀，同时美联储决策者担心今年招聘疲软可能蔓延。美联储主席鲍威尔与其同僚在权衡通胀威胁与劳动力市场疲软时，始终对降息节奏保持谨慎，而特朗普则坚称通胀已非问题，要求美联储激进降息。 ### Related Stocks - [DJTWW.US - Trump Media & Tech - CW28](https://longbridge.com/zh-CN/quote/DJTWW.US.md) ## Related News & Research | Title | Description | URL | |-------|-------------|-----| | Trump family business files for trademark rights on any airports using the president's name | The Trump Organization has filed for trademark rights to use the president's name on airports, including the proposed re | [Link](https://longbridge.com/zh-CN/news/276154101.md) | | Board of Peace members have pledged more than $5 billion for Gaza, Trump says | Feb 15 (Reuters) - U.S. President Donald Trump said he will announce on Thursday that Board of Peace member states have | [Link](https://longbridge.com/zh-CN/news/276009161.md) | | Trump: Don't think it will be necessary to send soldiers to fight | Trump: Don't think it will be necessary to send soldiers to fight | [Link](https://longbridge.com/zh-CN/news/276350770.md) | | Trump: Prime Minister Starmer is losing control of Diego Garcia | Trump: Prime Minister Starmer is losing control of Diego Garcia | [Link](https://longbridge.com/zh-CN/news/276262781.md) | | Trump: Will find out about Iran in about 10 days | Trump: Will find out about Iran in about 10 days | [Link](https://longbridge.com/zh-CN/news/276349950.md) | --- > **免责声明**：本文内容仅供参考，不构成任何投资建议。