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北京时间9月19日凌晨,美联储在结束为期两天的联邦公开市场操作委员会(FOMC)会议后并没有宣布削减QE计划。会后,无论是政策声明,还是主席伯南克的讲话均传递出鲜明的鸽派信号,令市场备感意外。然而,此前不久,美联储或将退出QE的预期还甚嚣尘上,引起各国尤其是新兴市场的强烈关注和较大波动。在9月上旬的G20峰会上,新兴经济体还就美国缩减量化宽松进行过一番讨论。为何美联储退出QE的动作如此摇摆不定?新兴市场的前路又在哪里?
Beijing on the morning of September 19, the Fed did not announce a cut in the QE plan after the two-day meeting of the Federal Open Market Operations Committee (FOMC). After the meeting, both the policy statement and Chairman Ben Bernanke’s speech delivered a distinctive dove signal, which surprised the market. However, not long ago, the Fed is expected to exit the QE or even more rampant, causing all countries, especially emerging markets, strong concern and volatility. At the G20 summit in early September, emerging economies also held some discussions about the United States’ reduction of quantitative easing. Why the Fed’s move out of QE so sway? Emerging markets where the front?