美聯儲抵制壓力：戰略決定

美國美聯儲的每項決定都塑造了全球經濟，並影響信貸成本，投資方向和穩定

Every decision made by the American Federal Reserve has an impact on the global economy, influencing the cost of credit, the direction of investments, and the stability of financial markets. At its first meeting of 2025 on January 29, the Federal Open Market Committee (FOMC) decided to maintain interest rates, despite persistent calls from Donald Trump for monetary easing. This status quo caused a contrasting shockwave: major stock indices, from Nasdaq to Dow Jones, closed lower, while bitcoin surged by 2.5 %. Thus, this movement underscores once again the unique trajectory of cryptos, which seem to be detaching from traditional economic logics.

美國美聯儲做出的每項決定都會影響全球經濟，影響信貸成本，投資方向以及金融市場的穩定性。在1月29日的2025年第一次會議上，儘管唐納德·特朗普（Donald Trump）持續呼籲貨幣釋放，但聯邦公開市場委員會（FOMC）還是決定維持利率。這種現狀引起了對比的衝擊波：從納斯達克到道瓊斯瓊斯的主要庫存指數較低，而比特幣飆升了2.5％。因此，這一運動再次強調了加密的獨特軌跡，這似乎與傳統的經濟邏輯脫節。

The markets were eagerly awaiting the first meeting of the year of the Federal Open Market Committee (FOMC). In a political climate marked by rising tensions, Donald Trump is putting pressure on the Federal Reserve and is openly calling for a rate cut. According to him, “the Fed must make credit more accessible to support the American economy”. Despite these injunctions, Jerome Powell reaffirmed the stability of monetary policy, as he believes that growth remains solid and does not justify any immediate easing.

市場急切地等待聯邦公開市場委員會（FOMC）年度的第一次會議。在緊張局勢上升的政治氣氛中，唐納德·特朗普（Donald Trump）向美聯儲施加壓力，並公開呼籲降低稅率。據他說，“美聯儲必須使信貸更容易獲得支持以支持美國經濟”。儘管有這些禁令，但杰羅姆·鮑威爾（Jerome Powell）重申了貨幣政策的穩定性，因為他認為增長仍然穩定，並不能立即證明任何立即的緩解是合理的。

This decision immediately shook the markets. Major stock indices closed in negative territory, as the Nasdaq, the S&P 500, the Dow Jones, and the NYSE showed notable losses. In parallel, investors turned to safe-haven assets, but without a clear direction: silver rose by 1.4 %, while gold slightly declined by 0.25 % against the dollar. Such a contrast illustrates a climate of uncertainty, where financial players act between caution and anticipation of a potential monetary tightening.

這個決定立即震撼了市場。納斯達克，標準普爾500指數，道瓊斯瓊斯和紐約證券交易所表現出明顯的損失，主要庫存指數在負地區關閉。同時，投資者轉向了避風港資產，但沒有明確的方向：銀上升了1.4％，而黃金卻略微下降了0.25％。這種對比說明了不確定性的氣氛，在謹慎和預期潛在的貨幣收緊之間。

While stock indices took a hit after the announcement from the Federal Reserve, bitcoin, on the other hand, recorded an immediate increase of 2.5 %. This reaction illustrates a different dynamic from that of traditional assets and suggests a gradual decoupling between cryptos and American monetary policy. More and more, investors seem to consider bitcoin as an independent asset, even as an alternative to stock markets in times of economic uncertainty.

庫存指數在美聯儲宣布的消息後受到打擊，但另一方面，比特幣立即增加了2.5％。該反應說明了與傳統資產的動態不同，並表明加密貨幣與美國貨幣政策之間的逐漸脫鉤。越來越多的投資者似乎將比特幣視為一種獨立的資產，即使在經濟不確定性時期，投資者也可以替代股票市場。

During his press conference, Jerome Powell emphasized the need to clarify the Fed’s position on cryptos. He reminded that American banks remain “perfectly capable of serving their crypto clients”, a message that contrasts with the regulatory hesitancy shown in recent months. This stance, combined with the absence of clear signals on a potential rate cut in 2025, could enhance the appeal of bitcoin. In an uncertain monetary context, many investors may view BTC as an alternative safe-haven asset and a buffer against inflation, akin to gold.

杰羅姆·鮑威爾（Jerome Powell）在新聞發布會上強調需要澄清美聯儲在加密貨幣上的立場。他提醒他，美國銀行仍然“完全有能力為他們的加密客戶服務”，這一信息與近幾個月來的監管猶豫形成對比。這種立場，加上在2025年降低的潛在速度上沒有明顯信號的情況，可以增強比特幣的吸引力。在不確定的貨幣背景下，許多投資者可能會將BTC視為替代性避風港資產，並且可以輕鬆抵抗通貨膨脹，類似於黃金。

By refusing to yield to political pressures, the Fed reaffirms its commitment to a stable monetary policy. However, the contrasting reaction of the markets raises questions: how long can the central bank maintain this stance without jeopardizing growth? While stock indices plunge into the red, bitcoin asserts itself as a resilient asset and attracts investors seeking alternatives in the face of economic uncertainties. Does this dynamic mark a sustainable turning point or is it simply a temporary rebound? The coming months, especially the Fed’s future decisions, will provide answers.

美聯儲拒絕屈服於政治壓力，重申了其對穩定貨幣政策的承諾。但是，市場的對比反應提出了問題：中央銀行可以維持這種立場多長時間而不會危害增長？雖然股票指數陷入了紅色，但比特幣將自己視為一種彈性的資產，並吸引了面對經濟不確定性的投資者尋求替代方案。這種動態是否標誌著可持續的轉折點，還是僅僅是臨時反彈？未來幾個月，尤其是美聯儲未來的決定，將提供答案。