<div id="readability-page-1"><div><div><p><em>Authored by Simon White, Bloomberg macro strategist,</em></p><p><strong>The Federal Reserve has had a clear easing bias in recent decades, which we can see from looking at historical dissents in the FOMC.</strong> We may see more of the same next year,leading to more dissents in a tightening direction, and, with it, rising volatility in short-term rates.</p></div></div></div>

<p>由彭博社宏觀策略師西蒙·懷特撰寫，美聯儲在最近幾十年中一直表現出明顯的寬鬆傾向，這一點從 FOMC 的歷史異議中可以看出。我們可能會在明年看到更多類似的情況，這將導致在收緊政策方向上出現更多異議，並伴隨短期利率的波動加大</p>

從反對意見中可以看出，美聯儲偏向於較低利率的傾向變得更加明顯