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  美国总统特朗普在社媒发文,再次呼吁美联储主席鲍威尔降息,表示“除非降低利率,否则经济增长可能会放缓。”

  他表示,欧洲已经“下调”了七次,鲍威尔总是“迟到”,除了在选举期间,他为了帮助困倦的拜登(后来的哈马斯)当选而降低了姿态。结果如何呢?

  他表示,许多人呼吁“预防性降息”,称随着能源成本大幅下降,食品价格大幅下降,大多数其他“东西”都呈下降趋势,实际上没有通货膨胀。

  近日,特朗普多次呼吁鲍威尔降息,并放话要将其解雇。

  来源:布莱恩・索齐

  苹果公司(AAPL)无法在一夜之间做出改变,开始在美国生产iPhone来取悦特朗普政府。

  此外,转移供应链将让消费者付出代价。

  “情况是这样的,你在某个地方开始建厂,然后塑料公司会建在它附近,接着是电阻器公司,再然后是显示屏公司,”前英特尔(INTC)首席执行官帕特・盖尔辛格在雅虎财经的《开盘价》播客节目中表示。“于是,供应链的其他这些环节开始围绕着供应链的核心环节聚集起来,它们沉淀在了那些地方。而这种沉淀过程需要几十年的时间。”

  盖尔辛格称这种效应为“沉淀”。

  他补充道:“将供应链迁回会产生相关成本。它们花了几十年才沉淀到现在的地方。它们不会因为你要求就回来。只有当你创造了经济激励措施、资金和产能来促使它们回归时,它们才会回来。”

  专家表示,对于苹果公司来说,关税政策可能会推高iPhone、Mac和AirPods等产品的价格。这可能会抑制需求,并继续对苹果公司的股票造成压力,今年以来苹果股价已下跌了22%。

  摩根大通分析师萨米克・查特吉在最近的一份报告中写道:“与关税相关的成本阻力,在有豁免的情况下目前不是一个关键因素,但不太可能从根本上改变与贸易战相关的宏观担忧,这场贸易战导致了两个地区(这两个地区是苹果公司收入的两个关键终端市场)的经济放缓。尽管豁免措施让人们对毛利率的可持续性更有信心,但由于宏观经济放缓导致的消费者支出减少可能仍会影响收入。”

  苹果公司在2月承诺将在美国投资5000亿美元,主要用于在休斯敦新建一家制造工厂,以生产支持苹果智能(AppleIntelligence)的服务器。但这一承诺中并未提及任何在美国生产消费硬件产品的内容。

  首席执行官蒂姆・库克在2015年的一次采访中表示,美国存在的技能差距使得在美国生产苹果产品变得困难。

  “听着,组装一部iPhone并不需要机械工程博士学位,”美国财政部长斯科特・贝森特上周在接受我的独家采访时,被问及库克之前的言论时这样说道。“所以我不确定蒂姆・库克为什么说这里没有相应技能的工人。”

美元资产遭遇猛烈抛售。

受特朗普威胁解雇鲍威尔言论影响,美国上演“股债汇三杀”,美股三大指数全线大跌,道指、纳指、标普500指数均跌超2%;美元指数一度失守98关口,一度大跌超1%;美国国债亦短线走低。

华尔街分析人士称,“股债汇三杀”的主要原因是,美联储的独立性受到质疑,投资者对美国经济的信心再次受到打击。就在刚刚,美国总统特朗普再度发文,呼吁美联储主席鲍威尔降低利率,他称鲍威尔总是迟到。特朗普还表示,美国经济没有问题,能源价格正在下降。

另外,关税政策的不确定性也持续扰动市场情绪。4月21日,日本首相石破茂在议会表示:“如果日本放弃一切,我们将无法确保我们的国家利益。”这是自特朗普政府对日本汽车和农业领域发起“贸易战”以来,石破茂发表的最具对抗性言论之一。

“股债汇三杀”

北京时间4月21日晚间,美股再遭重挫,三大指数低开低走,截至发稿,道指跌2.17%,纳指跌2.68%,标普500指数跌2.27%。

美股大型科技股全线大跌,特斯拉大跌超6%,英伟达跌超5%,亚马逊、Meta、博通跌超3%,苹果、微软、谷歌跌超2%。

与此同时,美元也遭到猛烈抛售,美元指数一度跌破98关口,为2022年3月以来首次,截至北京时间23:00,跌幅收窄至0.82%,报98.4035。

非美货币全线大涨,美元兑日元跌0.93%,逼近140关口;欧元兑美元上涨0.92%至1.1499;英镑兑美元上涨0.74%至1.3393。美元兑离岸人民币跌0.11%,报7.2954。

另外,美国国债亦短线走低,美国30年期国债收益率一度触及4.989%;10年期国债收益率一度突破4.4%。

华尔街分析人士表示,美股、美元、美债遭遇“三杀”的主要原因是,特朗普上周考虑撤换美联储主席,使美联储的独立性受到质疑,投资者对美国经济的信心再次受到打击。

美东时间4月21日,美国总统特朗普在社交媒体上发文,呼吁美联储主席鲍威尔降低利率,他称鲍威尔总是迟到,除了选举期间。

特朗普表示,许多人呼吁进行“预防性降息”。随着能源成本大幅下降,食品价格大幅下降,以及大多数其他“东西”呈下降趋势,几乎没有通货膨胀。随着这些成本呈下降趋势,正如他自己所预测的那样,几乎不可能出现通货膨胀,但美国经济可能会放缓。欧洲利率已经“降低”了七次。

华尔街的警告

华尔街警告称,“解雇鲍威尔”风波大举削弱了投资者信心,因为美联储的独立性长期以来一直被视为投资美国资产的关键保障。如果真出现鲍威尔提前下台的一幕,特朗普很可能会挑选一位货币政策立场“极其鸽派”的鲍威尔接班人,以迎合白宫对降息的呼吁。

BMOCapitalMarkets美国利率策略主管IanLyngen表示,在政府已经让经济前景充满前所未有的不确定性之时,任何试图罢免鲍威尔的企图都会进一步加大美国资产的下行压力。

“美联储的独立性非常宝贵——不能视作理所当然,一旦失去,也很难挽回,”FHNFinancial驻芝加哥宏观策略师WillCompernolle表示,“特朗普对鲍威尔的威胁,显然无助于增强外国投资者对美国资产的信心。”

SchwabCenterforFinancialResearch首席固定收益策略师KathyJones则表示,特朗普可能会试图兑现他解雇鲍威尔的威胁,投资者不应排除这种可能性——此举可能会加剧美国国债和美元的抛售。

VitalKnowledge分析师AdamCrisafulli写道:“投资者正面临一项新的宏观风险源,即特朗普威胁美联储独立性。这与贸易战密切相关,由于未来几个月关税可能推动通胀飙升,鲍威尔和其他官员被迫按兵不动,哪怕市场已经剧烈波动、经济下行风险上升。”

Crisafulli还表示:“股票、美元和美债同时下跌,意味着特朗普的贸易战可能已经引发对美国金融资产的抛售潮,这一趋势并非靠谈判就能逆转。”

当地时间4月20日,路易斯安那州共和党参议员约翰·肯尼迪表示,美国总统无权解雇美联储主席。

“我认为任何总统都没有权力罢免美联储主席,”肯尼迪周日在接受媒体采访时表示。“我认为美联储应该保持独立性。”

据悉,肯尼迪是参议院银行、住房和城市事务委员会成员,该委员会的职能之一便是监督美联储。

肯尼迪表示:“据我了解,鲍威尔是个狠角色。他会坚持他认为对的事,不会成为那个任由通胀失控的美联储主席。”

日本的反击

当前,围绕关税政策谈判的最新进展也持续扰动市场情绪。其中,日本首相石破茂的最新表态引发各方关注。

4月21日,石破茂在日本议会表示:“如果日本放弃一切,我们将无法确保我们的国家利益。”这是自特朗普政府对日本敏感的汽车和农业领域发起贸易战以来,石破茂发表的最具对抗性言论之一。

在议会上,石破茂特别强调了保护日本农业的重要性:“我们一直在使用各种方法保护日本农业,如关税和最低准入规则。我们必须继续保护它,当然,我们也必须保护消费者安全。”

石破茂回应说:“日本并不打算唯命是从地按照美方要求承担更多负担。不应将安全保障问题与关税谈判挂钩。”

另外,日本谈判代表仍排除与美国迅速达成协议的可能性。据新华社报道,日本经济再生担当大臣赤泽亮上周与美方进行了首轮谈判。赤泽亮回国后表示:“我们不会快速达成协议,很难说需要多长时间才能弥合双方之间的分歧。”

责编:杨喻程

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