Kududzira Fed Taura
Equities yakaratidza kusagadzikana kwakakomberedza sarudzo, asi yakavharwa ingangochinja. Hupfumi hweUS hwaive pasi pamberi pechisarudzo uye mimwe mitambo yemakona yakaitika, maererano nechinyorwa chakamonyoroka, chakatungamira mukubuda kwemugumo wakareba uye bere rakapfava muzvikamu zvemakore mashanu kusvika makumi matatu. EUR / USD yakadonha kutanga zasi, ndokuzosvetukira kumusoro, isati yadzikira zvakare uye kuvhara isina kukwana padyo pre-FOMC nhanho.
Chirevo cheJune FOMC chakacherekedza kudzikira kwehupfumi muzvikamu zvakasiyana, sekushandisa kwemhuri uye musika wevashandi. Bhizimusi rakasimwa kudyara rakaonekwa richiramba richienderera mberi (isina kuchinjika uye chikamu chedzimba chakatsanangurwa sekushushikana kunyangwe hazvo paine zviratidzo zvekuvandudza (zvisina kuchinjika) Mari yemumba inoita kunge iri kukwira zvishoma nezvishoma kupfuura pakutanga kwegore, nepo munaKubvumbi yaive Pamusika wevashandi, chirevo chinoti "kukura mumabasa kwave kunonoka mumwedzi ichangopfuura, nepo misika yemabasa yakaonekwa seyakavandudzwa uye huwandu hwevasina mabasa hwakaderera muna Kubvumbi.
Nezve maonero ehupfumi, pakanga paine gadziridzo diki. Kukura kuchiri kutarisirwa kuramba kuchidzikama pamusoro penzvimbo dzinouya, uyezve kunhonga zvishoma nezvishoma (kuwedzera kweakanyanya). Urovha hwehuwandu hwave kutarisirwa kudzikira zvishoma nezvishoma, nepo muna Kubvumbi zvichitarisirwa kuzviita zvishoma nezvishoma. Matambudziko emari akafanana neakaonekwa kare sekukonzera njodzi yekukanganisa. Zviratidzo zvehupfumi zvakange zvakadaro zvakadzokororwa zvakaderera kune ese ari ma2013 na2014, zvichireva kuti kukura kuri kutarisirwa kuve kana zvishoma zvishoma pazasi kukura kwemamwe makore maviri. Nekudaro, magavhuna akavandudza iwo mafungidziro ehuwandu hwekushaikwa kwemabasa, zvichiratidza nezvedambudziko rekushomeka kwemabasa nekupera kwegore uye rakadzikira zvishoma zvishoma pakupera kwa2014 Mari yeFed inochengetwa isina kuchinjika (0-0.25%) uye ndizvo zvakaitawo kutarisa kwaro kumberi nhungamiro. Iyo FOMC ichiri kutarisira kuti mamiriro ezvinhu anozopa akasarudzika akaderera eFF mazinga zvirinani kusvika kunopera 2014. Ongororo yekutarisa kwekukura uye kushaikwa kwemabasa kunotsanangura chikonzero nei FOMC yakarerutsa mutemo. Sarudzo yekuvhiya twist inoratidza kuti iyo Fed haina kusarudza kushamiswa uye kutya chiitiko.
Vashandi vakatarisira chirongwa cheQE-3, icho chingadai chakave chiito chakasimba. Rondedzero yakajeka muchirevo chekuti Fed yakagadzirira kutora chimwe chiitiko zvinoreva kuti danho pane chishandiso chayakashandisa rakanga rakaringana. VaBernanke zvakare vatotanga musangano wevatori venhau vakasimbisa kuti Fed haizomirira kwenguva yakareba kuti iite zvimwe kana zvakanyanya mamiriro emusika wevashandi aisazogadzikana. Akataura kuti kuita kwakadai kunogona kureva zvimwe QE-3 (pakupera kwegore hapana kuchengetedzwa kwenguva pfupi kunosara mupotifoliyo yeFed ichiita kumwe kushanda kusingaite), asi sekushandurwa kwekushandira kuchipedza mwedzi mitanhatu, akadai QE-6 haisati yabikwa mukeke. Dzimwe nzira dzekurerutsa dzinogoneka. Kune mimwe mwedzi miviri ye eco data musangano waNyamavhuvhu usati wasvika uye kuti muna Nyamavhuvhu Fed inogona kuenda kune imwe nzvimbo yekugara, uye usabvisa, kunyangwe zvakanyorwa mitsara miviri yakakwira, inogona kunge iri muchimiro. YeQE-3. Bernanke akataurawo kuti sei vasina kutora danho rakasimba pamusangano uyu: iyo data ichiri isina kunyatso kujeka (mamiriro ekunze uye zvimwe zvekugadzirisa mwaka zvingangove zvakavashatisa) uye maturusi asiri emhando anotakurawo njodzi nemitengo.
Naizvozvo, iyo Fed inoda kubatwa nemhosva ivo vanodiwa; pamwe iyo Fed yaida kuchengeta dzimwe pfuti dzekuti kana dambudziko reEEMU ringawedzera. Akawedzera zvine mutsindo kunyange hazvo Fed ichatora danho rakashinga, kana zvichidikanwa.
Iko kushandurwa kwekushandura kwakasarudzwa gore rapera kunopera kupera kwaJune. Iyo FOMC yakafunga kunyangwe ichienderera kusvika pakupera kwegore chirongwa chayo chekuwedzera kukura kwepakati pekuchengetedzwa kwayo. Iyo NY Fed ichaitisa mashandiro. Ichazotenga kuchengetedzeka kweHaimari pamwe nemasara akasara emakore matanhatu kusvika makumi matatu pamatanho azvino uye kutengesa kana kudzikunura kuchengetedzeka kwePfuma nekusara kwemazana angangoita matatu-makore kana zvishoma. Fed inotaura kuti izvi zvinofanirwa kuisa pasi kudzvinyirira pamitero-yenguva refu yemitero uye kubatsira kubatsira mamiriro ezvemari kuwanda. NY Fed yakawedzera kuti panopera chirongwa ichi, Fed ichatora chero kuchengetedzeka kusati kwasvika muna Ndira 6. Kuchengetedzwa kuri kukura muH30 yegore ra3 kucharegererwa uye kusingatengeswe sezvo zvinoitika papotifomu zvoda kufanana. Kugovaniswa kwezvakatengwa zvakada kufanana nezvechirongwa chekutanga (2016% muna 2-2012 gore bhaketi, 30% mune yega yega 20-30 uye 32-6 gore bhaketi, 8% mugore re8-10 uye 4% Makore 10-20 MAZANO. Pakupera kwechirongwa, kutenga uye kutengesa zvichaita mari imwe neimwe kusvika $ 3B.
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