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(单词翻译:双击或拖选)
October Rate Hike Still a Possibility but Not Likely 十月仍有可能加息但可能性不大
The focus in financial markets will be on the U.S. central bank when members of the Federal Open Market Committee meet for two days this week (October 27-28) - to determine if the U.S. economy is healthy enough to raise interest rates. Interest rates have been at record lows since the global financial crisis of 2008. But analysts1 say despite the improving health of the U.S. economy, it remains2 vulnerable to the downside risks from external forces, particularly slowing growth in China.
Beijing's official figures suggests China’s economy is growing at close to seven percent – but very few people actually believe that. Richard Hunter is head of equities3 at London investment firm Hargreaves Lansdown.
“Indeed some of the companies who do business in China are tending to suggest that the growth rate may be nearer half that sort of figure," said Hunter.
That uncertainty4 is partly responsible for renewed concerns about the impact of slowing Chinese demand on the U.S. economy. Despite a much improved job market, a high dollar exchange and low inflation makes the U.S. more vulnerable to external risks, says Federal Reserve governor Lael Brainard who spoke5 recently to the National Association for Business Economics.
“Given the downside risks, we would be wise to continue to carefully nurture6 the U.S. recovery. And we should be cautious in prematurely7 taking away the support that has been so critical to its vitality," said Brainard.
The Fed has not ruled out a modest rate hike this year, but N.A.B.E. president Lisa Emsbo-Mattingly says the U.S. central bank may have added to the uncertainty by going beyond its domestic goals of full employment and stable prices.
“They [the fed] added sort of a third element which was the international element and I think that the markets had a lot of difficulty digesting that. And there’s a concept of ambiguity8 that I think the Fed may have introduced into the market unintentionally," said Emsbo-Mattingly.
Some analysts say an October rate hike remains a long shot - leaving the door open for the Fed's next meeting in December. But in an inter-connected global economy, experts say much will depend on the stability of emerging markets - even for the world's largest economy.
1 analysts | |
分析家,化验员( analyst的名词复数 ) | |
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2 remains | |
n.剩余物,残留物;遗体,遗迹 | |
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3 equities | |
普通股,股票 | |
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4 uncertainty | |
n.易变,靠不住,不确知,不确定的事物 | |
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5 spoke | |
n.(车轮的)辐条;轮辐;破坏某人的计划;阻挠某人的行动 v.讲,谈(speak的过去式);说;演说;从某种观点来说 | |
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6 nurture | |
n.养育,照顾,教育;滋养,营养品;vt.养育,给与营养物,教养,扶持 | |
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7 prematurely | |
adv.过早地,贸然地 | |
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8 ambiguity | |
n.模棱两可;意义不明确 | |
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