机构:3月非农超预期回升显示美国就业市场韧性,通胀目前是联储货币政策的核心变量

BlockBeatNews

BlockBeats 消息,4 月 4 日,华泰证券认为,3 月非农超预期回升显示美国就业市场韧性,但中东局势冲突下,高油价对通胀预期的影响对联储货币政策更为关键。

近期中东冲突延续升温,霍尔木兹海峡封锁造成的原油供给缺口推高油价以及通胀预期,通胀目前是联储货币政策的核心变量。

联储就业和通胀双目标给予其一定回旋空间,避免加息抗通胀,且通胀预期升温,即使联储不加息,国债利率曲线可能上移、形成实质意义上的紧缩。(金十)

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