--- title: "Before inflation falls, there is no rush to cut interest rates. Federal Reserve officials once again signal a \"wait and see\" approach" type: "News" locale: "zh-HK" url: "https://longbridge.com/zh-HK/news/275039602.md" description: "Multiple Federal Reserve officials reiterated that maintaining interest rates unchanged is the primary choice until inflation returns to target levels. Atlanta Fed President Raphael Bostic pointed out that the current level of inflation is too high and that a moderately restrictive policy must be maintained to increase the likelihood of inflation returning to the 2% target. He emphasized that controlling inflation is crucial for the economy, and while changes in the labor market need attention, employment is not the biggest risk at present. Fed Governor Lisa Cook also stressed the importance of returning to a downward trajectory for inflation" datetime: "2026-02-05T22:39:04.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/275039602.md) - [en](https://longbridge.com/en/news/275039602.md) - [zh-HK](https://longbridge.com/zh-HK/news/275039602.md) --- > 支持的語言: [简体中文](https://longbridge.com/zh-CN/news/275039602.md) | [English](https://longbridge.com/en/news/275039602.md) # Before inflation falls, there is no rush to cut interest rates. Federal Reserve officials once again signal a "wait and see" approach According to the Zhitong Finance APP, as internal policy differences within the Federal Reserve continue to attract market attention, several officials have reiterated that maintaining interest rates unchanged remains the primary choice until inflation steadily declines to target levels. Atlanta Federal Reserve President Raphael Bostic stated on Thursday that inflation levels are "too high and have persisted for too long," which requires monetary policy to maintain a "moderately restrictive" stance to enhance the likelihood of inflation returning to the 2% target. He noted at an event at the Goizueta Business School of Emory University that a stable and slightly tight policy environment helps to strengthen the Federal Reserve's credibility in achieving its inflation targets. According to the latest forecasts, the Federal Reserve's preferred inflation measure, the Personal Consumption Expenditures (PCE) price index, had a year-on-year increase of about 3% in December last year, still significantly above the 2% policy target. Bostic emphasized that high inflation squeezes American households' decision-making space in multiple ways, making them more focused on short-term living costs rather than long-term investments or entrepreneurial plans, thereby dragging down consumption, business investment, and labor demand. Therefore, controlling inflation is crucial for the overall economic operation. Bostic is not a voting member of the Federal Open Market Committee (FOMC) in 2026 and will retire at the end of February. Since there is no FOMC meeting in February, the meeting on January 27-28 will be his last interest rate meeting during his tenure. Federal Reserve Governor Lisa Cook also emphasized this week that achieving the mission of bringing inflation back to the 2% target is crucial for the Federal Reserve. She stated that after nearly five years of inflation above the target, the Federal Reserve must restore the downward trajectory of inflation to maintain its policy credibility and achieve established goals within a relatively predictable timeframe. Nevertheless, Bostic acknowledged that changes in the labor market also require close attention. Data shows that by December 2025, the unemployment rate in the U.S. has risen to 4.4%, up from 3.8% at the end of 2023. However, he pointed out that from a historical perspective, a 4.4% unemployment rate is still in the "exceptionally strong" range. Even though recent layoffs have increased and the number of job vacancies has declined, Bostic believes that employment is not the biggest risk currently facing the economy. He also stated that compared to September last year, corporate executives' concerns about the hiring market have eased, and the labor market is gradually moving towards a relatively stable state, which also provides space for policymakers to "stay put" in the short term. When discussing the macro environment, Bostic pointed out that the U.S. economy is experiencing a significant "disruption period." The tariff policies of the Trump administration and changes in immigration policies have brought considerable shocks to business operations and labor supply, making it more challenging for the Federal Reserve to balance the two major policy goals of "price stability" and "full employment." ### 相關股票 - [S&P 500 (.SPX.US)](https://longbridge.com/zh-HK/quote/.SPX.US.md) - [Financial Select Sector SPDR Fund (XLF.US)](https://longbridge.com/zh-HK/quote/XLF.US.md) - [VG Financial (VFH.US)](https://longbridge.com/zh-HK/quote/VFH.US.md) - [Fidelity MSCI Financials Index (FNCL.US)](https://longbridge.com/zh-HK/quote/FNCL.US.md) ## 相關資訊與研究 - [Franchetti boosts 2025 growth and outlines expansion plan through 2030](https://longbridge.com/zh-HK/news/281069682.md) - [SG Americas Securities LLC Takes Position in UP Fintech Holding Limited $TIGR](https://longbridge.com/zh-HK/news/281494513.md) - [Intact Financial COO: 2026 Starts Strong With Near-20% ROE, AI Gains and $5B M&A Firepower](https://longbridge.com/zh-HK/news/280907224.md) - [BREAKINGVIEWS-JPMorgan leaves American dream to the imagination](https://longbridge.com/zh-HK/news/281634339.md) - [Trump Team Reportedly Moves To Slash Staff At Post-2008 Financial Risk Watchdog — Elizabeth Warren Warns It Could Cause 'Another Crash'](https://longbridge.com/zh-HK/news/281625745.md)