トランプ政権の金融政策に関する使える時事英語特集

トランプ政権が始まって、早いもので2ヶ月が

経とうとしていますが、経済において動きが

出てきました。

それはアメリカの金融政策です。

アメリカが金利の引き締めを早くも実施して

います。

今回は、トランプ政権になって、アメリカの経済に

関する時事英語、とりわけ金融政策における

使える英語会話を紹介してみたいと思います。

 

アメリカの金融政策の時事英語

As mostly expected, the FOMC members decided 25 bps rate hike

at this meeting. It is recognized as a done deal and the market

forcused on the updated economic forecasts and dot chart

for yearend 2017 and for yearend2018.

According to the dot chart released today, the median projection

for fed funds rate stay at 1.4% for this year end and 2.1% for year

end 2018.

In early Feburuary, the future market for federal funds rate

was pricing in only small probability of a hike at the March

FOMC meeting. However that changed suddenly after series of

Statements from senior fed officials that a March rate hike would

be appropriate. I think it is a unusual process , because

the economic data did not change a great deal from the beggining

of Februaery to the begging of March. In fact economic data has been

mixed , Labour market have continued to be healthy but consumer

spending seems to be delayed.

my first question is why do you think the senior fed officials suddenly

indicated the rate move in March under such a circumstances.?

解説

突然3月の利上げ見通しが、FEDメンバーの発言

で高まってきました。

しかしながら、アメリアの経済状況は2月のはじめ

からあまり変わっておらず、また2月の時点では

利上げ観測がほとんどないなかで、このように

突然利上げ観測を台頭してくることは異例です。

例文2

Some fed officials have recently begun to talk about the prospects

for unwinding some of the QE instituted by the fed from 2008 through

2014.

That is  4.5 trrillion of federal reserves securities holdings

they are going to reduce this in a gradual and predictable manner

by ceasing to reinvest repayments of principal on securities held

in the system open market account.

the start of that reduction would provide further tightning pressure

and negative impact on the equity market, even they want to

intend to do this in gradual manner.

I personally think that the fed do not have to be rush in raising

federal funds rate, because there probably be another tightening

pressure when they start reduction of this assets.

解説

FEDの資産を減らす憶測があり、これは市場に

さらなるプレッシャーもたらします。

にもかかわらず、FEDが利上げを急ぐ背景はなにか

という質問についての英文です。