美聯儲會議紀要解讀

剛發布的會議紀要有幾個看點：1、退出QE的靈活性；2、經濟增長的下行風險；3、穩定的通脹。孤立地看，聯儲的心態利多，生怕退出過快，傷害經濟。如果結合聯儲開會以後出的經濟數據，局麵要複雜些。4月就業報告強勁，顯示經濟在擺脫冬季氣候的不利影響，重拾增長勢頭。五月中旬發布的CPI、PPI有抬頭跡象，所以說通脹穩定言之過早。這樣一來，6月發布的數據將很重要。6月初發布的5月就業報告如果繼續強勁，將解除上麵第二點擔憂，聯儲不必顧慮縮減QE。六月中旬的CPI、PPI如果延續走強，上麵的第三點也被否決，勢必引發增息的討論。總而言之，該文件沒有意外，具體解讀由數據而定。大盤一早抬高，據說是等這裏的好消息。理智地看，一碗餛飩湯裏，挑半天挑不出個帶肉餡的。

[Blue.Crab]

一碗餛飩湯裏，挑半天挑不出個帶肉餡的 -- 這是一個非常尖刻的評語。
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.