美國減息半厘

聯儲局繼續大力減息, 兩星期內兩度減息, 減左125個basis points
在我的理解, 議息減半厘, 會引起大市, 滙市及債市等出現一段受利率轉變影響的走勢
但今次前後減左125個bp, 債息固然持續下調
但滙市中, 美滙指數還未創下歷史新低. 難度歐元區的經濟將會受到次按風暴的衝擊?
日本歐洲加息機會甚微, 英國將繼續減息, 美元難道可以完全保住其價值?

而大市方面, 持續的減息已經不能令市場重拾升軌,
杜指兩年來都只能在約11000~14000區域上落, 美國股票市場的估值相對吸引
而香港在無好消息的情況下, 即使預期負利率的降臨,
大市亦回試250天移動平均線. 儘管如此, 我仍然認為現在只是牛市的調整

我在昨日沽出手上的16call, 不想在議息前持有窩輪.
等大市下調再買貨

附聯儲議息聲明:

The Federal Open Market Committee decided today to lower its target for the federal funds rate 50 basis points to 3 percent.

Financial markets remain under considerable stress, and credit has tightened further for some businesses and households. Moreover, recent information indicates a deepening of the housing contraction as well as some softening in labor markets.

The Committee expects inflation to moderate in coming quarters, but it will be necessary to continue to monitor inflation developments carefully.

Today’s policy action, combined with those taken earlier, should help to promote moderate growth over time and to mitigate the risks to economic activity. However, downside risks to growth remain. The Committee will continue to assess the effects of financial and other developments on economic prospects and will act in a timely manner as needed to address those risks.

Voting for the FOMC monetary policy action were: Ben S. Bernanke, Chairman; Timothy F. Geithner, Vice Chairman; Donald L. Kohn; Randall S. Kroszner; Frederic S. Mishkin; Sandra Pianalto; Charles I. Plosser; Gary H. Stern; and Kevin M. Warsh. Voting against was Richard W. Fisher, who preferred no change in the target for the federal funds rate at this meeting.

In a related action, the Board of Governors unanimously approved a 50-basis-point decrease in the discount rate to 3-1/2 percent. In taking this action, the Board approved the requests submitted by the Boards of Directors of the Federal Reserve Banks of Boston, New York, Philadelphia, Cleveland, Atlanta, Chicago, St. Louis, Kansas City, and San Francisco.