美联储观察员 ： 鲍威尔警告市场谨慎处理降息

The research report by Deutsche Bank highlights that Federal Reserve Chair Jerome Powell has cautioned the market to handle rate cuts with care. The report states that Powell has emphasized the need to move carefully and not rush into easing, and that it is premature to speculate on the possibility of easing. The report also notes that the Fed is prepared to tighten more if needed, and that the policy rate is now "well into restrictive territory." The report suggests that the Fed will stay restrictive until inflation is on track to reach 2%. The report also notes that the Fed's data-driven approach will shape the policy path, and that the current restrictive policy is holding back the economy. The report also mentions that the risks of the economy becoming "more balanced" are being considered. The report concludes that the market's pricing for rate cuts is not a concern, and that the economy and inflation will shape the rate cuts.