美联储会议纪要解读

刚发布的会议纪要有几个看点：1、退出QE的灵活性；2、经济增长的下行风险；3、稳定的通胀。孤立地看，联储的心态利多，生怕退出过快，伤害经济。如果结合联储开会以后出的经济数据，局面要复杂些。4月就业报告强劲，显示经济在摆脱冬季气候的不利影响，重拾增长势头。五月中旬发布的CPI、PPI有抬头迹象，所以说通胀稳定言之过早。这样一来，6月发布的数据将很重要。6月初发布的5月就业报告如果继续强劲，将解除上面第二点担忧，联储不必顾虑缩减QE。六月中旬的CPI、PPI如果延续走强，上面的第三点也被否决，势必引发增息的讨论。总而言之，该文件没有意外，具体解读由数据而定。大盘一早抬高，据说是等这里的好消息。理智地看，一碗馄饨汤里，挑半天挑不出个带肉馅的。

[Blue.Crab]

一碗馄饨汤里，挑半天挑不出个带肉馅的 -- 这是一个非常尖刻的评语。
Federal Reserve did a wonderful job and saved U.S. economy from a disaster during the most recent financial crisis under a very difficult circumstance -- a very dysfunctional government including U.S. Congress and the executive branch. A country normally need both monetary and fiscal policies to ensure a healthy economy. U.S. had not even had a budget for several years before the government shutdown of 2013.

Your translation of the Minutes of the Federal Open Market Committee (April 29–30, 2014) is inaccurate at its best. Here is a link to the document: http://www.federalreserve.gov/monetarypolicy/files/fomcminutes20140430.pdf You might want to have the readers to read the original document in English.