觀點2017全球展望

China and the Fed: how different this time?
中國和美聯準:這一次有何不同?


一年前的這個時候,金融市場情緒開始明顯惡化。那麼,美聯準和人民幣如今是否還會再次聯手摧毀投資者信心?

Exactly a year ago this week, the mood in the financial markets started to darken markedly. As 2015 had drawn to a close, financial markets had seemed to have weathered the first increase in US interest rates since 2006 in reasonable shape. The Federal Open Market Committee had telegraphed its step to tighten policy in December 2015 with unparalleled clarity. Forewarned, it seemed, was forearmed for the markets.

就是在一年前的這個時候,金融市場情緒開始明顯惡化。2015年臨近結束時,金融市場似乎以理性的姿態經受住了自2006年以來美國的首次加息。2015年12月美國聯邦公開市場委員會(FOMC)無比清晰地傳達了收緊政策的計劃。預先警告似乎是讓市場提前準備。

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