AI 摘要
美联储官员达利表示，尽管通胀高于目标，美国经济仍展现出强劲的投资增长和稳定的劳动力市场。她提到当前货币政策略显紧缩，可能对通胀产生压力，但未来仍需关注经济增长和通胀的变化。非农就业数据即将公布，可能会影响市场预期。
原文内文
Don’t see any signs of lack of economic resiliency, despite above-target inflation That’s also a good sign for U.S. economy Labor market is stabilized Inflation has risen on tariffs, oil price shock Oil prices have come down, hope for relief U.S. monetary policy is slightly restrictive That should help inflation come down There is a scenario where the Fed has to fight inflation There’s also a scenario where growth doesn’t continue Can’t decide right now, can’t give false guidance on rates Daly was a mouthpiece for Powell previously but isn't offering much here. Her comments leaned cautiously balanced rather than clearly hawkish. She highlighted strong US investment growth and said she does not see evidence that the economy is losing resilience, even with inflation still running above target. The labor market, in her view, has stabilized, which she framed as a constructive sign for the broader economy. At the same time, she acknowledged that inflation has been lifted by tariffs and the oil-price shock, though lower oil prices could now offer some relief. Her characterization of policy as “slightly restrictive” suggests she believes current rates are exerting some pressure, but not necessarily enough to declare victory on inflation. The key message was optionality: there is one scenario where inflation continues to ease and another where the Fed may need to keep fighting inflation, especially if growth holds up or price pressures persist. By saying officials cannot decide now or offer false guidance, Daly reinforced the Fed’s data-dependent stance and pushed back against firm expectations. Non-farm payrolls are due at the bottom of the hour and that could alter the picture. The consensus is +110K on headline jobs. This article was written by Adam Button at investinglive.com.