聯準會延後降息，削弱比特幣的勢頭

由於通貨膨脹再度抬頭，Fed（Fed）推遲了降息。近幾個月通膨超過2%的目標，促使聯準會考慮放慢量化緊縮(QT)的步伐。從 6 月開始，國債銷售將從每月 600 億美元減少至 250 億美元，MBS 支持的證券銷售將維持每月 350 億美元不變。這一發展可能對比特幣有利，因為加密貨幣的有限貨幣供應可能會在持續的通貨膨脹中受到歡迎。

Federal Reserve Postpones Rate Cuts Amidst Resurgence of Inflation, Impacting Bitcoin

通膨抬頭，聯準會延後降息，影響比特幣

The Federal Reserve (Fed) has announced a delay in its anticipated rate cuts, a decision heavily influenced by the recent resurgence of inflation in the United States. This development has significant implications for the cryptocurrency market, particularly for Bitcoin.

聯準會（Fed）宣布推遲預期的降息，這項決定在很大程度上受到美國近期通膨抬頭的影響。這項發展對加密貨幣市場（尤其是比特幣）有重大影響。

Fed Acknowledges Inflation's Return

聯準會承認通膨回歸

In its latest statement, the Fed acknowledged that inflation, a persistent rise in consumer prices, has resurfaced in recent months. This marks a departure from previous statements where the Fed had downplayed the threat of inflation, emphasizing instead its commitment to bringing down unemployment.

聯準會在最新聲明中承認，通貨膨脹（消費者物價的持續上漲）在近幾個月再次出現。這與聯準會先前淡化通膨威脅、強調降低失業率的承諾不同。

"There has not been further progress towards the inflation goal of 2% in recent months," the Fed stated.

聯準會表示：“近幾個月來，2%的通膨目標沒有取得進一步進展。”

Expectations of Rate Cuts Diminish

降息預期減弱

To combat inflation, the Fed has been raising interest rates since March 2022. However, the recent statement suggests that the Fed is now taking a more cautious approach, acknowledging that further rate increases may not be necessary at this time.

為了對抗通膨，聯準會自2022年3月以來一直在升息。

"The Fed will carefully evaluate new economic data, the evolving outlook, and the balance of risks before considering changing its key interest rate," the statement said.

聲明中寫道：“在考慮改變關鍵利率之前，聯準會將仔細評估新的經濟數據、不斷變化的前景以及風險平衡。”

Possibility of Rate Hike Considered

考慮加息的可能性

While the Fed is not actively considering a rate hike, the possibility has been raised. The statement mentions the potential for a "rate hike" eight times, indicating that the Fed is monitoring the situation closely. However, Fed Chairman Jerome Powell has expressed skepticism about the likelihood of a rate hike.

儘管聯準會並未積極考慮升息，但可能性已上升。聲明八次提到「升息」的可能性，顯示聯準會正在密切關注事態發展。然而，聯準會主席鮑威爾對升息的可能性表示懷疑。

"It is unlikely that the next change in the key interest rate will be an increase," Powell said.

鮑威爾表示：“關鍵利率的下一次變化不太可能是加息。”

Slower Pace of Quantitative Tightening

量化緊縮步伐放緩

Despite the postponement of rate cuts, the Fed has announced that it will slow the pace of its quantitative tightening (QT) program. QT involves reducing the Fed's balance sheet by selling Treasury bonds and mortgage-backed securities.

儘管降息被推遲，聯準會仍宣布將放緩量化緊縮（QT）計畫的步伐。 QT涉及透過出售國債和抵押貸款支持證券來減少聯準會的資產負債表。

"The pace of reduction in the size of the Federal Reserve's balance sheet will slow beginning in June," the Fed stated.

聯準會表示：“聯準會資產負債表規模縮減的步伐將從六月開始放緩。”

Implications for Bitcoin

對比特幣的影響

The Fed's decision to postpone rate cuts and slow the pace of QT is generally viewed as bullish for Bitcoin. If inflation persists, investors may seek safe haven assets like Bitcoin, which has a limited supply.

聯準會推遲降息並放慢QT步伐的決定普遍被視為對比特幣利多。如果通膨持續存在，投資者可能會尋求比特幣等供應有限的避險資產。

"Bitcoin with its absolutely finite money supply can only gain popularity among the masses," said Nicolas T., a Bitcoin, geopolitical, economic, and energy journalist.

比特幣、地緣政治、經濟和能源記者 Nicolas T. 表示：“比特幣以其絕對有限的貨幣供應量，只能在大眾中流行。”

Conclusion

結論

The Fed's acknowledgement of inflation's return and its subsequent decision to delay rate cuts and slow the pace of QT have sent shockwaves through the financial markets. While the immediate impact on Bitcoin is uncertain, the long-term implications are likely to be positive for the cryptocurrency. As investors seek alternatives to hedge against inflation, Bitcoin's finite supply and decentralized nature may make it an increasingly attractive asset.

聯準會承認通膨回歸，並隨後決定推遲降息並放慢量化寬鬆的步伐，這給金融市場帶來了衝擊。雖然對比特幣的直接影響尚不確定，但長期影響可能會對加密貨幣產生正面影響。隨著投資者尋求對沖通膨的替代方案，比特幣的有限供應和去中心化性質可能使其成為越來越有吸引力的資產。