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width=\"800\" height=\"391\" src=\"https:\/\/thinkmarkets.asia\/wp-content\/uploads\/2025\/09\/\u8054\u90a6\u516c\u5f00\u5e02\u573a\u59d4\u5458\u4f1a-v2-cn-1024x500.png\" class=\"attachment-large size-large wp-image-41206\" alt=\"Illustration of FOMC member composition, showing 12 members: 7 Governors of the Federal Reserve Board and 5 presidents of the regional Federal Reserve Banks.\" srcset=\"https:\/\/thinkmarkets.asia\/wp-content\/uploads\/2025\/09\/\u8054\u90a6\u516c\u5f00\u5e02\u573a\u59d4\u5458\u4f1a-v2-cn-1024x500.png 1024w, https:\/\/thinkmarkets.asia\/wp-content\/uploads\/2025\/09\/\u8054\u90a6\u516c\u5f00\u5e02\u573a\u59d4\u5458\u4f1a-v2-cn-300x147.png 300w, https:\/\/thinkmarkets.asia\/wp-content\/uploads\/2025\/09\/\u8054\u90a6\u516c\u5f00\u5e02\u573a\u59d4\u5458\u4f1a-v2-cn-768x375.png 768w, https:\/\/thinkmarkets.asia\/wp-content\/uploads\/2025\/09\/\u8054\u90a6\u516c\u5f00\u5e02\u573a\u59d4\u5458\u4f1a-v2-cn.png 1400w\" sizes=\"(max-width: 800px) 100vw, 800px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-9c35121 elementor-widget-divider--view-line elementor-widget elementor-widget-divider\" data-id=\"9c35121\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"divider.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-divider\">\n\t\t\t<span class=\"elementor-divider-separator\">\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-fb2abb8 elementor-widget elementor-widget-heading\" data-id=\"fb2abb8\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">\u516b\u6b21\u8bae\u606f\u4f1a\u8bae<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-15f891b elementor-widget elementor-widget-text-editor\" data-id=\"15f891b\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>\u8bae\u606f\u4f1a\u8bae\u662f\u7f8e\u8054\u50a8\u6700\u53d7\u77a9\u76ee\u7684\u4e8b\u4ef6\uff0c\u6bcf\u5e74\u5b9a\u671f\u4e3e\u884c\u516b\u6b21\u3002\u867d\u7136\u4eba\u4eec\u5e38\u5c06\u5176\u79f0\u4e3a\u201c<strong>\u7f8e\u8054\u50a8\u4f1a\u8bae<\/strong>\u201d\uff0c\u4f46\u5b9e\u9645\u4e0a\u5b83\u6307\u7684\u662f\u8054\u90a6\u516c\u5f00\u5e02\u573a\u59d4\u5458\u4f1a\uff08FOMC\uff09\u7684\u8d27\u5e01\u653f\u7b56\u4f1a\u8bae\u3002<\/p><p>\u7f8e\u8054\u50a8\u4e09\u5927\u804c\u80fd\u673a\u6784\u7684\u6240\u6709\u6210\u5458\u90fd\u4f1a\u53c2\u4e0e\u8bae\u606f\u4f1a\u8bae\uff0c\u4f46\u6700\u7ec8\u7684\u8d27\u5e01\u653f\u7b56\u51b3\u8bae\uff0c\u4ec5\u7531\u8054\u90a6\u516c\u5f00\u5e02\u573a\u59d4\u5458\u4f1a\uff08FOMC\uff09\u768412\u4f4d\u59d4\u5458\u901a\u8fc7\u6295\u7968\u51b3\u5b9a\u3002<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-a40b6ab elementor-widget elementor-widget-image\" data-id=\"a40b6ab\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"800\" height=\"375\" src=\"https:\/\/thinkmarkets.asia\/wp-content\/uploads\/2025\/09\/\u516b\u6b21\u8bae\u606f\u4f1a\u8bae-cn-1024x480.png\" class=\"attachment-large size-large wp-image-41205\" alt=\"Illustration of FOMC meetings, indicating 8 meetings are held each year.\" srcset=\"https:\/\/thinkmarkets.asia\/wp-content\/uploads\/2025\/09\/\u516b\u6b21\u8bae\u606f\u4f1a\u8bae-cn-1024x480.png 1024w, https:\/\/thinkmarkets.asia\/wp-content\/uploads\/2025\/09\/\u516b\u6b21\u8bae\u606f\u4f1a\u8bae-cn-300x141.png 300w, https:\/\/thinkmarkets.asia\/wp-content\/uploads\/2025\/09\/\u516b\u6b21\u8bae\u606f\u4f1a\u8bae-cn-768x360.png 768w, https:\/\/thinkmarkets.asia\/wp-content\/uploads\/2025\/09\/\u516b\u6b21\u8bae\u606f\u4f1a\u8bae-cn.png 1400w\" sizes=\"(max-width: 800px) 100vw, 800px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-1f13c64 elementor-widget elementor-widget-text-editor\" data-id=\"1f13c64\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>\u8bae\u606f\u4f1a\u8bae\u6240\u5236\u5b9a\u7684\u5229\u7387\u653f\u7b56\uff0c\u662f\u7f8e\u8054\u50a8\u5b9e\u73b0\u4e24\u5927\u6838\u5fc3\u76ee\u6807\u7684\u4e3b\u8981\u624b\u6bb5\uff1a<\/p><ul><li>\u5229\u7387\u4e0b\u964d\uff1a\u6709\u52a9\u4e8e\u523a\u6fc0\u7ecf\u6d4e\u6d3b\u52a8\u548c\u4fc3\u8fdb\u5c31\u4e1a\uff0c\u4f46\u5f80\u5f80\u4f34\u968f\u66f4\u9ad8\u7684\u901a\u80c0\u538b\u529b\u3002<\/li><li>\u5229\u7387\u4e0a\u5347\uff1a\u6709\u52a9\u4e8e\u6291\u5236\u7269\u4ef7\u4e0a\u6da8\u548c\u63a7\u5236\u901a\u80c0\uff0c\u4f46\u53ef\u80fd\u5bfc\u81f4\u5c31\u4e1a\u548c\u7ecf\u6d4e\u589e\u957f\u653e\u7f13\u3002<\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-a9790c9 elementor-widget-divider--view-line elementor-widget elementor-widget-divider\" data-id=\"a9790c9\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"divider.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-divider\">\n\t\t\t<span class=\"elementor-divider-separator\">\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-d8fa501 elementor-widget elementor-widget-heading\" data-id=\"d8fa501\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">\u4e00\u9879\u57fa\u51c6\u5229\u7387\uff1a\u8054\u90a6\u57fa\u91d1\u5229\u7387<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-744248e elementor-widget elementor-widget-text-editor\" data-id=\"744248e\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><strong>\u7f8e\u8054\u50a8\u5229\u7387<\/strong>\uff0c\u4e5f\u5c31\u662f\u5728\u8bae\u606f\u4f1a\u8bae\u4e2d\u6240\u51b3\u5b9a\u7684\u5229\u7387\uff0c\u901a\u5e38\u88ab\u79f0\u4f5c<strong>\u8054\u90a6\u57fa\u91d1\u5229\u7387<\/strong>\u3002<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-1a9eae8 elementor-widget elementor-widget-image\" data-id=\"1a9eae8\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"800\" height=\"446\" src=\"https:\/\/thinkmarkets.asia\/wp-content\/uploads\/2025\/09\/\u8054\u90a6\u57fa\u91d1\u5229\u7387-1-cn-1024x571.png\" class=\"attachment-large size-large wp-image-41207\" alt=\"Illustration of how the Federal Funds Rate works, showing how it passes through and influences other market interest rates.\" srcset=\"https:\/\/thinkmarkets.asia\/wp-content\/uploads\/2025\/09\/\u8054\u90a6\u57fa\u91d1\u5229\u7387-1-cn-1024x571.png 1024w, https:\/\/thinkmarkets.asia\/wp-content\/uploads\/2025\/09\/\u8054\u90a6\u57fa\u91d1\u5229\u7387-1-cn-300x167.png 300w, https:\/\/thinkmarkets.asia\/wp-content\/uploads\/2025\/09\/\u8054\u90a6\u57fa\u91d1\u5229\u7387-1-cn-768x428.png 768w, https:\/\/thinkmarkets.asia\/wp-content\/uploads\/2025\/09\/\u8054\u90a6\u57fa\u91d1\u5229\u7387-1-cn.png 1400w\" sizes=\"(max-width: 800px) 100vw, 800px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5105d94 elementor-widget elementor-widget-text-editor\" data-id=\"5105d94\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>\u6240\u8c13\u8054\u90a6\u57fa\u91d1\u5e02\u573a\uff0c\u662f\u6307\u8def\u5546\u4e1a\u94f6\u884c\u548c\u91d1\u878d\u673a\u6784\u4e4b\u95f4\u7684\u9694\u591c\u62c6\u501f\u5e02\u573a\uff0c\u5b83\u6784\u6210\u4e86\u6574\u4e2a\u91d1\u878d\u4f53\u7cfb\u6700\u57fa\u7840\u7684\u4fe1\u8d37\u5c42\u3002\u8be5\u5229\u7387\u7684\u53d8\u5316\uff0c\u4f1a\u5c42\u5c42\u4f20\u5bfc\u5e76\u5f71\u54cd\u6240\u6709\u5176\u4ed6\u5e02\u573a\u5229\u7387\u3002<\/p><p>\u5728\u6bcf\u6b21\u8bae\u606f\u4f1a\u8bae\u4e0a\uff0c\u7f8e\u8054\u50a8\u90fd\u4f1a\u8bbe\u5b9a\u4e00\u4e2a\u8054\u90a6\u57fa\u91d1\u5229\u7387\u7684\u76ee\u6807\u533a\u95f4\uff0c\u5e76\u901a\u8fc7\u591a\u79cd\u8d27\u5e01\u653f\u7b56\u5de5\u5177\uff0c\u5c06\u5b9e\u9645\u5229\u7387\u5f15\u5bfc\u5e76\u7ef4\u6301\u5728\u8fd9\u4e00\u8303\u56f4\u5185\u3002<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-734b656 elementor-widget elementor-widget-image\" data-id=\"734b656\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"800\" height=\"373\" src=\"https:\/\/thinkmarkets.asia\/wp-content\/uploads\/2025\/09\/\u8054\u90a6\u57fa\u91d1\u5229\u7387-2-cn-1024x478.png\" class=\"attachment-large size-large wp-image-41208\" alt=\"Illustration explaining how the Federal Reserve sets the federal funds rate target.\" srcset=\"https:\/\/thinkmarkets.asia\/wp-content\/uploads\/2025\/09\/\u8054\u90a6\u57fa\u91d1\u5229\u7387-2-cn-1024x478.png 1024w, https:\/\/thinkmarkets.asia\/wp-content\/uploads\/2025\/09\/\u8054\u90a6\u57fa\u91d1\u5229\u7387-2-cn-300x140.png 300w, https:\/\/thinkmarkets.asia\/wp-content\/uploads\/2025\/09\/\u8054\u90a6\u57fa\u91d1\u5229\u7387-2-cn-768x359.png 768w, https:\/\/thinkmarkets.asia\/wp-content\/uploads\/2025\/09\/\u8054\u90a6\u57fa\u91d1\u5229\u7387-2-cn.png 1400w\" sizes=\"(max-width: 800px) 100vw, 800px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-2640f19 elementor-widget elementor-widget-text-editor\" data-id=\"2640f19\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>\u6269\u5c55\u9605\u8bfb\uff1a<a href=\"https:\/\/thinkmarkets.asia\/zh-hans\/academy\/fundamental-knowledge\/central-banks\/fed-rate\/\" target=\"_blank\" rel=\"noopener\">\u300a\u5168\u7403\u5e02\u573a\u7684\u6838\u5fc3\uff1a\u7f8e\u8054\u50a8\u5229\u7387\u4e0e\u8bae\u606f\u4f1a\u8bae\u300b<\/a><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-6e82c51 elementor-widget-divider--view-line elementor-widget elementor-widget-divider\" data-id=\"6e82c51\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"divider.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-divider\">\n\t\t\t<span class=\"elementor-divider-separator\">\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-db09f5f elementor-widget elementor-widget-heading\" data-id=\"db09f5f\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">\u4e5d\u5927\u8d27\u5e01\u653f\u7b56\u5de5\u5177<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f6c10bb elementor-widget elementor-widget-text-editor\" data-id=\"f6c10bb\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>\u5f53FOMC\u5728\u8bae\u606f\u4f1a\u8bae\u4e0a\u51b3\u5b9a\u8c03\u6574\u5229\u7387\u65f6\uff0c\u7f8e\u8054\u50a8\u4e0d\u4f1a\u4e5f\u65e0\u6cd5\u547d\u4ee4\u94f6\u884c\u6267\u884c\u65b0\u7684\u5229\u7387\uff0c\u800c\u662f\u901a\u8fc7\u4e00\u7cfb\u5217\u8d27\u5e01\u653f\u7b56\u5de5\u5177\uff0c\u5c06\u5e02\u573a\u5229\u7387\u5f15\u5bfc\u81f3\u65e2\u5b9a\u533a\u95f4\u3002<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-234deab elementor-widget elementor-widget-image\" data-id=\"234deab\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"800\" height=\"365\" src=\"https:\/\/thinkmarkets.asia\/wp-content\/uploads\/2025\/09\/fed-monetary-policy-tools-cn-1024x467.png\" class=\"attachment-large size-large wp-image-41264\" alt=\"Illustration of the 9 monetary policy tools of the U.S. Federal Reserve, with the names of each tool displayed around a treasure box graphic.\" srcset=\"https:\/\/thinkmarkets.asia\/wp-content\/uploads\/2025\/09\/fed-monetary-policy-tools-cn-1024x467.png 1024w, https:\/\/thinkmarkets.asia\/wp-content\/uploads\/2025\/09\/fed-monetary-policy-tools-cn-300x137.png 300w, https:\/\/thinkmarkets.asia\/wp-content\/uploads\/2025\/09\/fed-monetary-policy-tools-cn-768x350.png 768w, https:\/\/thinkmarkets.asia\/wp-content\/uploads\/2025\/09\/fed-monetary-policy-tools-cn.png 1400w\" sizes=\"(max-width: 800px) 100vw, 800px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-4cad9f4 elementor-widget elementor-widget-text-editor\" data-id=\"4cad9f4\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>\u76ee\u524d\uff0c\u7f8e\u8054\u50a8\u62e5\u6709\u4e5d\u5927\u8d27\u5e01\u653f\u7b56\u5de5\u5177\uff0c\u5176\u4e2d\u6700\u6838\u5fc3\u7684\u662f<strong>\u516c\u5f00\u5e02\u573a\u64cd\u4f5c<\/strong> &#8211; \u901a\u8fc7\u5728\u516c\u5f00\u5e02\u573a\u4e0a\u4e70\u5356\u56fd\u503a\u7b49\u8bc1\u5238\u5f71\u54cd\u94f6\u884c\u4f53\u7cfb\u7684\u8d44\u91d1\u4f9b\u5e94\uff0c\u8fbe\u5230\u964d\u4f4e\u6216\u63d0\u9ad8\u5229\u7387\u7684\u76ee\u7684\u3002\u6b63\u56e0\u5982\u6b64\uff0c\u7f8e\u8054\u50a8\u7684\u8d27\u5e01\u653f\u7b56\u51b3\u7b56\u673a\u6784\u624d\u88ab\u547d\u540d\u4e3a\u516c\u5f00\u5e02\u573a\u59d4\u5458\u4f1a\u3002<\/p><ul><li data-pm-slice=\"0 0 []\">\u4e70\u5165\u8bc1\u5238 \u2192 \u6295\u653e\u8d44\u91d1 \u2192 \u94f6\u884c\u4f53\u7cfb\u8d44\u91d1\u66f4\u5bbd\u88d5 \u2192 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