美国银行:油价冲击若持续,或为美联储宽松政策创造条件

Gate News 消息,3 月 10 日,美国银行发布报告指出,市场目前将油价上涨视为更大的通胀威胁,但供应冲击实际上会同时对美联储双重使命的两方面构成风险。报告表示,当消费者需求足够强劲、经济活动能够承受供应冲击时,货币政策才会趋于收紧,这使美联储能够像 2022 年俄乌冲突时那样将重点放在通胀上。然而该行指出,当时经济需求明显更强(失业率为 4%,核心 PCE 通胀超过 5%,非农就业每月增加 50 万人,消费者手中仍有大量刺激资金)。如今就业增长更为缓慢,通胀处于温和偏高水平,财政刺激也更加有限。该行认为,如果油价冲击持续,这将为美联储实施更为宽松的货币政策创造条件。

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