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2021-12-15
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U.S. stock market kicks off lackluster start on Fed decision day,S&P 500 gains 0.1%<blockquote>美联储决议日美国股市开局黯淡,标准普尔 500 指数上涨 0.1%</blockquote>
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Many market participants expect these will set the stage for the Fed to speed the withdrawal of its crisis-era stimulus programs, with the firming economic recovery and soaring inflation suggesting the central bank has room for a more hawkish tilt to policy. Last week's Consumer Price Index showed thefastest surge in U.S. consumer prices since 1982on a year-over-year basis in November. And on Tuesday, the U.S. Producer Price Index jumped by the most on record at a 9.6% year-over-year increase for last month.</p><p><blockquote>周三所有的目光都将集中在美联储的货币政策声明和美联储主席杰罗姆·鲍威尔的新闻发布会上。许多市场参与者预计,这将为美联储加快撤回危机时期刺激计划创造条件,经济复苏的稳固和通胀飙升表明央行有空间采取更加鹰派的政策倾斜。上周的消费者价格指数显示,11 月份美国消费者价格出现自 1982 年以来最快的同比涨幅。周二,美国生产者价格指数上个月同比上涨9.6%,创有记录以来最大涨幅。</blockquote></p><p> Specifically, many investors anticipate the Fed will ramp up the rate of tapering of its asset-purchasing program, which took place at a rate of $120 billion per month in combined Treasuries and agency mortgage-backed securities from the start of the pandemic through November. Last month, the Fed began dialing back these purchases by $15 billion, and announced another $15 billion reduction for December.</p><p><blockquote>具体来说,许多投资者预计美联储将加快缩减资产购买计划的步伐,从疫情开始到 11 月,美国国债和机构抵押贷款支持证券的合并规模为每月 1200 亿美元。上个月,美联储开始将这些购买削减150亿美元,并宣布12月份再削减150亿美元。</blockquote></p><p> \"We don't think that the Fed is really going to have any surprises for the markets [Wednesday]. They're probably going to announce that they're going to ... accelerate tapering, and that they'll probably finish that by March. But we think that they're going to leave themselves lots flexibility around raising interest rates,\" Tracie McMillion, Wells Fargo Investment Institute head of global asset allocation strategy,told Yahoo Finance Live on Tuesday.She added she expects just one interest rate hike from the Federal Reserve in the second half of next year.</p><p><blockquote>“我们认为美联储(周三)不会真的给市场带来任何惊喜。他们可能会宣布他们将.....加速缩减规模,并且可能会在 3 月份完成缩减规模。但我们认为他们会在加息方面给自己留下很大的灵活性,”富国银行投资研究所全球资产配置策略主管特蕾西·麦克米利恩 (Tracie McMillion) 周二告诉雅虎财经直播。她补充说,她预计美联储明年下半年只会加息一次。</blockquote></p><p> Other pundits, however, expect an earlier liftoff on interest rates, which maybe be reflected in the Federal Open Market Committee's (FOMC) updated Summary of Economic Projections on Wednesday.</p><p><blockquote>然而,其他专家预计利率将提前上调,这可能会反映在联邦公开市场委员会(FOMC)周三更新的经济预测摘要中。</blockquote></p><p> \"The announcement of faster tapering after today's FOMC meeting is a done deal; we'd be astonished by anything other than a plan to complete asset purchases by the end of March at the latest,\" wrote Ian Shepherdson, chief economist at Pantheon Macroeconomics, in a note on Tuesday. He expects the Fed to stick to its prior plan of purchasing $90 billion in its asset-purchase program this month, before doubling the rate of tapering from its current $15 billion per month starting in January.</p><p><blockquote>万神殿宏观经济学首席经济学家伊恩·谢泼德森 (Ian Shepherdson) 写道:“今天的 FOMC 会议后宣布加快缩减规模是板上钉钉的事;除了最迟在 3 月底之前完成资产购买的计划之外,我们还会对任何事情感到惊讶。”周二的一份报告中。他预计美联储将坚持本月在资产购买计划中购买 900 亿美元的先前计划,然后从 1 月份开始将缩减规模的速度从目前的每月 150 亿美元增加一倍。</blockquote></p><p> \"That would mean purchases drop to $60 billion in January, $30 billion in February, and zero in March, leaving the door open to a rate hike that month if the inflation outlook has not improved, via a clear and sustained increase in the labor force participation rate,\" he added.</p><p><blockquote>“这意味着 1 月份购买量将降至 600 亿美元,2 月份降至 300 亿美元,3 月份降至零,如果通胀前景没有改善,则当月加息的大门敞开。劳动力参与率,”他补充道。</blockquote></p><p> A number of strategists noted the trading activity in recent sessions and weeks has reflected the market pricing of a more hawkish Fed. Software and other growth names were some of the biggest laggards in the major indexes during Tuesday's session.</p><p><blockquote>许多策略师指出,最近几个交易日和几周的交易活动反映了市场对美联储更加鹰派的定价。在周二的交易中,软件和其他成长型股票是主要指数中表现最差的股票。</blockquote></p><p> \"When you have an anticipation of higher interest rates, growth stocks or long-duration growth stocks certainly get hit the hardest,\" Art Hogan, national chief market strategist, told Yahoo Finance Live on Tuesday. \"When you do that net present value calculation with a higher interest rate, that implied multiple or ascribed multiple to growth names comes in. So a lot of that's been priced in. When you think about some of those real growth-y names and momentum names and risk assets, they've seen a lot of carnage.\"</p><p><blockquote>全国首席市场策略师阿特·霍根周二对雅虎财经直播表示:“当你预期利率会上升时,成长型股票或长期成长型股票肯定会受到最严重的打击。”“当你以较高的利率进行净现值计算时,就会出现增长型名称的隐含倍数或归属于增长型名称的倍数。因此,其中很多都已被定价。当你想到一些真正的增长型名称和动量名称和风险资产时,他们已经目睹了很多屠杀。”</blockquote></p><p> \"What the market is trying to tell us here is that when you set your asset allocation plan for next year, you want to have a barbell approach with growth on one side — you want to have those growth names that are actually valued at a multiple to earnings, not a multiple to revenues or a multiple to cash flows or a multiple to sales,\" he added. \"We anticipate 2022 is going to be very much like 2021, where you really want to have a balance between growth and value.\"</p><p><blockquote>“市场在这里试图告诉我们的是,当你制定明年的资产配置计划时,你希望采取杠铃法,一方面是增长——你希望那些实际估值为盈利倍数的成长型公司,而不是收入倍数、现金流倍数或销售额倍数,”他补充道。“我们预计 2022 年将与 2021 年非常相似,您确实希望在增长和价值之间取得平衡。”</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>U.S. stock market kicks off lackluster start on Fed decision day,S&P 500 gains 0.1%<blockquote>美联储决议日美国股市开局黯淡,标准普尔 500 指数上涨 0.1%</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nU.S. stock market kicks off lackluster start on Fed decision day,S&P 500 gains 0.1%<blockquote>美联储决议日美国股市开局黯淡,标准普尔 500 指数上涨 0.1%</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2021-12-15 22:33</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>U.S. stock market kicks off lackluster start on Fed decision day,Nasdaq Composite off less than 0.1%,S&P 500 gains 0.1%; Dow trades flat but hanging around a gain of 0.1%.</p><p><blockquote>美联储决议日美国股市开局平淡,纳斯达克综合指数下跌不到0.1%,标准普尔500指数上涨0.1%;道琼斯指数持平,但涨幅徘徊在 0.1% 左右。</blockquote></p><p> All eyes on Wednesday will be on the Federal Reserve's monetary policy statement and press conference by Federal Reserve Chair Jerome Powell. Many market participants expect these will set the stage for the Fed to speed the withdrawal of its crisis-era stimulus programs, with the firming economic recovery and soaring inflation suggesting the central bank has room for a more hawkish tilt to policy. Last week's Consumer Price Index showed thefastest surge in U.S. consumer prices since 1982on a year-over-year basis in November. And on Tuesday, the U.S. Producer Price Index jumped by the most on record at a 9.6% year-over-year increase for last month.</p><p><blockquote>周三所有的目光都将集中在美联储的货币政策声明和美联储主席杰罗姆·鲍威尔的新闻发布会上。许多市场参与者预计,这将为美联储加快撤回危机时期刺激计划创造条件,经济复苏的稳固和通胀飙升表明央行有空间采取更加鹰派的政策倾斜。上周的消费者价格指数显示,11 月份美国消费者价格出现自 1982 年以来最快的同比涨幅。周二,美国生产者价格指数上个月同比上涨9.6%,创有记录以来最大涨幅。</blockquote></p><p> Specifically, many investors anticipate the Fed will ramp up the rate of tapering of its asset-purchasing program, which took place at a rate of $120 billion per month in combined Treasuries and agency mortgage-backed securities from the start of the pandemic through November. Last month, the Fed began dialing back these purchases by $15 billion, and announced another $15 billion reduction for December.</p><p><blockquote>具体来说,许多投资者预计美联储将加快缩减资产购买计划的步伐,从疫情开始到 11 月,美国国债和机构抵押贷款支持证券的合并规模为每月 1200 亿美元。上个月,美联储开始将这些购买削减150亿美元,并宣布12月份再削减150亿美元。</blockquote></p><p> \"We don't think that the Fed is really going to have any surprises for the markets [Wednesday]. They're probably going to announce that they're going to ... accelerate tapering, and that they'll probably finish that by March. But we think that they're going to leave themselves lots flexibility around raising interest rates,\" Tracie McMillion, Wells Fargo Investment Institute head of global asset allocation strategy,told Yahoo Finance Live on Tuesday.She added she expects just one interest rate hike from the Federal Reserve in the second half of next year.</p><p><blockquote>“我们认为美联储(周三)不会真的给市场带来任何惊喜。他们可能会宣布他们将.....加速缩减规模,并且可能会在 3 月份完成缩减规模。但我们认为他们会在加息方面给自己留下很大的灵活性,”富国银行投资研究所全球资产配置策略主管特蕾西·麦克米利恩 (Tracie McMillion) 周二告诉雅虎财经直播。她补充说,她预计美联储明年下半年只会加息一次。</blockquote></p><p> Other pundits, however, expect an earlier liftoff on interest rates, which maybe be reflected in the Federal Open Market Committee's (FOMC) updated Summary of Economic Projections on Wednesday.</p><p><blockquote>然而,其他专家预计利率将提前上调,这可能会反映在联邦公开市场委员会(FOMC)周三更新的经济预测摘要中。</blockquote></p><p> \"The announcement of faster tapering after today's FOMC meeting is a done deal; we'd be astonished by anything other than a plan to complete asset purchases by the end of March at the latest,\" wrote Ian Shepherdson, chief economist at Pantheon Macroeconomics, in a note on Tuesday. He expects the Fed to stick to its prior plan of purchasing $90 billion in its asset-purchase program this month, before doubling the rate of tapering from its current $15 billion per month starting in January.</p><p><blockquote>万神殿宏观经济学首席经济学家伊恩·谢泼德森 (Ian Shepherdson) 写道:“今天的 FOMC 会议后宣布加快缩减规模是板上钉钉的事;除了最迟在 3 月底之前完成资产购买的计划之外,我们还会对任何事情感到惊讶。”周二的一份报告中。他预计美联储将坚持本月在资产购买计划中购买 900 亿美元的先前计划,然后从 1 月份开始将缩减规模的速度从目前的每月 150 亿美元增加一倍。</blockquote></p><p> \"That would mean purchases drop to $60 billion in January, $30 billion in February, and zero in March, leaving the door open to a rate hike that month if the inflation outlook has not improved, via a clear and sustained increase in the labor force participation rate,\" he added.</p><p><blockquote>“这意味着 1 月份购买量将降至 600 亿美元,2 月份降至 300 亿美元,3 月份降至零,如果通胀前景没有改善,则当月加息的大门敞开。劳动力参与率,”他补充道。</blockquote></p><p> A number of strategists noted the trading activity in recent sessions and weeks has reflected the market pricing of a more hawkish Fed. Software and other growth names were some of the biggest laggards in the major indexes during Tuesday's session.</p><p><blockquote>许多策略师指出,最近几个交易日和几周的交易活动反映了市场对美联储更加鹰派的定价。在周二的交易中,软件和其他成长型股票是主要指数中表现最差的股票。</blockquote></p><p> \"When you have an anticipation of higher interest rates, growth stocks or long-duration growth stocks certainly get hit the hardest,\" Art Hogan, national chief market strategist, told Yahoo Finance Live on Tuesday. \"When you do that net present value calculation with a higher interest rate, that implied multiple or ascribed multiple to growth names comes in. So a lot of that's been priced in. When you think about some of those real growth-y names and momentum names and risk assets, they've seen a lot of carnage.\"</p><p><blockquote>全国首席市场策略师阿特·霍根周二对雅虎财经直播表示:“当你预期利率会上升时,成长型股票或长期成长型股票肯定会受到最严重的打击。”“当你以较高的利率进行净现值计算时,就会出现增长型名称的隐含倍数或归属于增长型名称的倍数。因此,其中很多都已被定价。当你想到一些真正的增长型名称和动量名称和风险资产时,他们已经目睹了很多屠杀。”</blockquote></p><p> \"What the market is trying to tell us here is that when you set your asset allocation plan for next year, you want to have a barbell approach with growth on one side — you want to have those growth names that are actually valued at a multiple to earnings, not a multiple to revenues or a multiple to cash flows or a multiple to sales,\" he added. \"We anticipate 2022 is going to be very much like 2021, where you really want to have a balance between growth and value.\"</p><p><blockquote>“市场在这里试图告诉我们的是,当你制定明年的资产配置计划时,你希望采取杠铃法,一方面是增长——你希望那些实际估值为盈利倍数的成长型公司,而不是收入倍数、现金流倍数或销售额倍数,”他补充道。“我们预计 2022 年将与 2021 年非常相似,您确实希望在增长和价值之间取得平衡。”</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1153017502","content_text":"U.S. stock market kicks off lackluster start on Fed decision day,Nasdaq Composite off less than 0.1%,S&P 500 gains 0.1%; Dow trades flat but hanging around a gain of 0.1%.\nAll eyes on Wednesday will be on the Federal Reserve's monetary policy statement and press conference by Federal Reserve Chair Jerome Powell. Many market participants expect these will set the stage for the Fed to speed the withdrawal of its crisis-era stimulus programs, with the firming economic recovery and soaring inflation suggesting the central bank has room for a more hawkish tilt to policy. Last week's Consumer Price Index showed thefastest surge in U.S. consumer prices since 1982on a year-over-year basis in November. And on Tuesday, the U.S. Producer Price Index jumped by the most on record at a 9.6% year-over-year increase for last month.\nSpecifically, many investors anticipate the Fed will ramp up the rate of tapering of its asset-purchasing program, which took place at a rate of $120 billion per month in combined Treasuries and agency mortgage-backed securities from the start of the pandemic through November. Last month, the Fed began dialing back these purchases by $15 billion, and announced another $15 billion reduction for December.\n\"We don't think that the Fed is really going to have any surprises for the markets [Wednesday]. They're probably going to announce that they're going to ... accelerate tapering, and that they'll probably finish that by March. But we think that they're going to leave themselves lots flexibility around raising interest rates,\" Tracie McMillion, Wells Fargo Investment Institute head of global asset allocation strategy,told Yahoo Finance Live on Tuesday.She added she expects just one interest rate hike from the Federal Reserve in the second half of next year.\nOther pundits, however, expect an earlier liftoff on interest rates, which maybe be reflected in the Federal Open Market Committee's (FOMC) updated Summary of Economic Projections on Wednesday.\n\"The announcement of faster tapering after today's FOMC meeting is a done deal; we'd be astonished by anything other than a plan to complete asset purchases by the end of March at the latest,\" wrote Ian Shepherdson, chief economist at Pantheon Macroeconomics, in a note on Tuesday. He expects the Fed to stick to its prior plan of purchasing $90 billion in its asset-purchase program this month, before doubling the rate of tapering from its current $15 billion per month starting in January.\n\"That would mean purchases drop to $60 billion in January, $30 billion in February, and zero in March, leaving the door open to a rate hike that month if the inflation outlook has not improved, via a clear and sustained increase in the labor force participation rate,\" he added.\nA number of strategists noted the trading activity in recent sessions and weeks has reflected the market pricing of a more hawkish Fed. Software and other growth names were some of the biggest laggards in the major indexes during Tuesday's session.\n\"When you have an anticipation of higher interest rates, growth stocks or long-duration growth stocks certainly get hit the hardest,\" Art Hogan, national chief market strategist, told Yahoo Finance Live on Tuesday. \"When you do that net present value calculation with a higher interest rate, that implied multiple or ascribed multiple to growth names comes in. So a lot of that's been priced in. When you think about some of those real growth-y names and momentum names and risk assets, they've seen a lot of carnage.\"\n\"What the market is trying to tell us here is that when you set your asset allocation plan for next year, you want to have a barbell approach with growth on one side — you want to have those growth names that are actually valued at a multiple to earnings, not a multiple to revenues or a multiple to cash flows or a multiple to sales,\" he added. \"We anticipate 2022 is going to be very much like 2021, where you really want to have a balance between growth and value.\"","news_type":1,"symbols_score_info":{".DJI":0.9,".SPX":0.9,".IXIC":0.9}},"isVote":1,"tweetType":1,"viewCount":1280,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"CN","currentLanguage":"CN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":4,"subscribersOnly":false,"subscribersOnlyAccessible":false,"xxTargetLangEnum":"ZH_CN"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/607482798"}
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