全球进入新一轮升息周期利率调整是发达市场经济体货币政策中最经常使用、也最有效的政策工具之一。2001年10月以来 ,美联储连续13次降息 ,联邦基金利率最低降到1% ,创下45年来的最低点。2004年上半年 ,主要指标显示美国经济开始进入稳定复苏阶段 ,为了抑制未来通货膨胀上升趋 Global interest rate cycle into a new round of interest rate adjustment is the most commonly used monetary policy in developed market economies, but also one of the most effective policy tools. Since October 2001, the Federal Reserve cut interest rates 13 times in a row, with the federal funds rate dropping as low as 1%, the lowest level in 45 years. In the first half of 2004, the major indicators showed that the U.S. economy started to enter a phase of steady recovery. In order to curb the upward trend of future inflation