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总结
美联储官网公布2025年12月9日至10日联邦公开市场委员会会议纪要。多家媒体解读称，官员对12月是否降息及后续路径存在明显分歧，讨论焦点集中在通胀回落的可持续性、经济与就业韧性，以及在避免过度收紧与防止通胀反弹之间的权衡。纪要释放出政策前景不确定性上升的信号，令市场在纪要公布前后对未来降息次数与节奏的预期摇摆，风险资产承压、利率与债券定价更敏感于数据与官员表态。
正文
Minutes of the Federal Open Market Committee, December 9-10, 2025 Federal Reserve Board (.gov) Fed minutes show officials were in tight split over December rate cut CNBC Fed Minutes Show Most Officials Expect Additional Rate Cuts Bloomberg.com Risk Assets Struggle Ahead of FOMC Minutes in Thin Liquidity Investing.com Final Fed minutes of 2025 to shed light on policy divisions Reuters
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