美联储对经济、通胀的评估

• 经济同步指标向好。Indicators of economic activity and employment have continued to strengthen. The sectors most adversely affected by the pandemic have improved in recent months but are being affected by the recent sharp rise in COVID-19 cases
• 通胀压力来自供应链扭曲和经济重开。Supply and demand imbalances related to the pandemic and the reopening of the economy have continued to contribute to elevated levels of inflation
• 金融条件舒适。Overall financial conditions remain accommodative
• 这是公告中真正最重要的一句话，说明联储对经济前景的评估是合理的。疫苗进度和供应链恢复是影响下一步的关键。Progress on vaccinations and an easing of supply constraints are expected to support continued gains in economic activity and employment as well as a reduction in inflation

美联储对加息和缩表的指引

• 3月份停止购债
• 联邦基准利率依然是美国的政策利率，为什么要强调这句话？这是因为大疫情爆发以后，美国