本文分析了美国的经济走势与美联储延迟加息的原因,并预测了加息对全球特别是中国经济的潜在影响。迫于2016年通胀走高的压力,美联储于2015年12月加息25个基点。然而,在2015年前七次美国联邦公开市场委员会(FOMC)议息会议上,加息议题逐次推后。让人不禁怀疑,是美国2015年的经济数据真的不及预期还是美联储内部另有隐情。 This article analyzes the economic trends in the United States and the Federal Reserve delayed the rate hike, and predicted the potential impact of the rate hike on the global economy, especially in China. Under pressure from higher inflation in 2016, the Federal Reserve raised interest rates by 25 basis points in December 2015. However, in the first seven FOMC meeting on interest rates in 2015, the issue of raising interest rates was pushed aside one after another. People can not help wondering whether the United States in 2015 economic data is really less than expected or the Fed’s other hidden secrets.