--- title: "中金：美联储按兵不动 降息时点或推迟" description: "中金研究指出，美联储在 1 月会议上维持利率不变，符合市场预期。理事沃勒的反对票可能与其希望被提名为下一任美联储主席有关。货币政策声明显示失业率稳定，鲍威尔称政策 “处于合适位置”，短期内降息门槛提高。中金预计美联储在 2026 年降息两次，但首次降息可能推迟至第二季度。美国经济面临的核心问题是收入分配不平衡和家庭可负担压力，需更多非市场化政策回应选民关切。" type: "news" locale: "zh-CN" url: "https://longbridge.com/zh-CN/news/274066153.md" published_at: "2026-01-29T00:51:14.000Z" --- # 中金：美联储按兵不动 降息时点或推迟 > 中金研究指出，美联储在 1 月会议上维持利率不变，符合市场预期。理事沃勒的反对票可能与其希望被提名为下一任美联储主席有关。货币政策声明显示失业率稳定，鲍威尔称政策 “处于合适位置”，短期内降息门槛提高。中金预计美联储在 2026 年降息两次，但首次降息可能推迟至第二季度。美国经济面临的核心问题是收入分配不平衡和家庭可负担压力，需更多非市场化政策回应选民关切。 中金研究认为，美联储在 1 月会议上维持利率不变，符合市场预期。理事沃勒投下反对票，或与其希望被提名为下一任美联储主席有关。货币政策声明称 “失业率已趋于稳定”，鲍威尔表示货币政策 “处于合适位置”，显示短期内再次降息的门槛提高。中金认为美联储在 2026 年仍有望降息两次，但首次降息或推迟至第二季度。美国经济的核心问题并非增长不足，而在于收入分配不平衡和普通家庭的可负担压力。这类结构性问题并非单靠货币就能解决，反而可能推动政府采取更多非市场化的干预性政策，来回应选民的关切。 ### Related Stocks - [002807.CN - 江阴银行](https://longbridge.com/zh-CN/quote/002807.CN.md) ## Related News & Research | Title | Description | URL | |-------|-------------|-----| | America’s income gap just hit a 4-year peak — and the middle class is the new casualty | America’s income gap just hit a 4-year peak — and the middle class is the new casualty | [Link](https://longbridge.com/zh-CN/news/276188602.md) | | Fed minutes reveal little appetite for rate cuts | Some officials favored more neutral language—pushing back against the prospect of future rate cuts. | [Link](https://longbridge.com/zh-CN/news/276264475.md) | | Fed Vice Chair for Supervision Bowman says latest jobs report a bit strange, most other indicators don't show as strong a labor market | Fed Vice Chair for Supervision Bowman says latest jobs report a bit strange, most other indicators don't show as strong | [Link](https://longbridge.com/zh-CN/news/276259091.md) | | Fed Minutes Reveal Officials Continue To Hold Mixed Views | The Federal Reserve's latest meeting minutes reveal a division among officials regarding interest rate outlooks. Some me | [Link](https://longbridge.com/zh-CN/news/276263600.md) | | Swiss Bank UBS (UBS) Expects Two Rate Cuts from the Fed This Year | Swiss bank UBS expects the U.S. Federal Reserve to implement two interest rate cuts this year, predicting reductions of | [Link](https://longbridge.com/zh-CN/news/276078510.md) | --- > **免责声明**：本文内容仅供参考，不构成任何投资建议。