通貨膨脹率在2月份下降到2.8％，將比特幣（BTC）的價格提高到83,377美元

這種超過預期的通貨膨脹印刷促進了風險的胃口，因為交易者現在看到美聯儲（美聯儲）在今年晚些時候降低了稅率的可能性。

US CPI (Consumer Price Index) data for February showed that inflation eased to 2.8%, a positive surprise as it is below the expected 2.9% Year over Year (YoY).

2月的美國CPI（消費者價格指數）數據顯示，通貨膨脹率降低到2.8％，這是一個積極的驚喜，因為它低於預期的2.9％同比（YOY）。

This softer-than-expected inflation print boosted risk appetite, as traders now see an increased probability of rate cuts by the Federal Reserve (Fed) later in the year.

這種超過預期的通貨膨脹印刷促進了風險的胃口，因為交易者現在看到美聯儲（美聯儲）在今年晚些時候降低了稅率的可能性。

US CPI Below Expectations at 2.8%

美國CPI低於預期的2.8％

Bitcoin (BTC) responded with a modest upward move, jumping to $83,371. The surge comes as lower inflation reduces the likelihood of further tightening and supports risk-on sentiment. Stock markets also reacted positively, with major indices posting gains following the release.

比特幣（BTC）以適度的向上響應，躍升至83,371美元。由於通貨膨脹率降低了進一步收緊並支持風險情緒的可能性。股票市場也做出了積極的反應，發布後主要指數發布了收益。

While inflation cooled in February, the Core CPI came in at 3.1% YoY, also beating estimates of 3.2%. Core inflation excludes volatile items like food and energy. Notably, this marks the first decline in headline and Core CPI since July 2024 and suggests inflation is cooling down in the US.

儘管通貨膨脹在2月份冷卻，但CORE CPI的率是3.1％，也比估計值為3.2％。核心通貨膨脹排除了諸如食品和能源之類的揮發性物品。值得注意的是，這標誌著自2024年7月以來的標題和核心CPI的首次下降，並表明通貨膨脹在美國正在冷卻。

If inflation continues to trend lower, the Fed could shift to a more dovish stance, potentially opening the door to more liquidity entering the markets. Meanwhile, the reaction for traditional assets was as expected, with the US dollar and Japanese yen dropping.

如果通貨膨脹率繼續下降，美聯儲可能會轉向更加艱難的立場，有可能為進入市場的更多流動性打開大門。同時，對傳統資產的反應是預期的，美元和日元下降。

“Both overall and core are down! This clearly raises expectations for a decrease in interest rates. Both interest rates and the dollar/yen exchange rate responded with declines. This will be positive for stock prices,” an analyst on X observed.

“整體和核心都在下降！這顯然提高了人們對利率下降的期望。利率和美元/日元匯率都隨著下降而響應。這將對股票價格有利，” X分析師觀察到。

Some analysts are taking these inflation numbers with a pinch of salt, as Donald Trump’s trade tariffs could lead to higher consumer prices.

一些分析師正在用少許鹽來採用這些通貨膨脹數量，因為唐納德·特朗普的貿易關稅可能會導致更高的消費價格。

Notwithstanding, many analysts view the latest inflation data as a tailwind for Bitcoin, which has historically benefited from easier monetary conditions. Now, all eyes are on the Fed’s upcoming policy guidance as traders look for confirmation that the path to rate cuts is opening up.

儘管如此，許多分析師將最新的通貨膨脹數據視為比特幣的逆風，這在歷史上從更容易的貨幣條件中受益。現在，隨著交易者尋求確認削減速度的確認，所有人的目光都注視著美聯儲即將到來的政策指導。

“A high print would not be very welcomed (as usual). Especially during uncertain times in the market like now, this kind of economic data usually has an increased impact. A high number would likely move the bond yields back up which is the opposite of what the administration is seemingly trying to achieve currently. Then there’s also FOMC next week and the Fed will definitely be looking at this CPI print as well,” analyst Daan Crypto Trades remarked.

“像往常一樣，高印刷品不會受到歡迎。特別是在像現在這樣不確定的市場時期，這種經濟數據通常會增加影響。大量數量可能會移動債券收益率，這與政府目前似乎試圖實現的目標相反。然後下週還有FOMC，美聯儲一定也會看這款CPI印刷品。”分析師Daan Crypto Trades說。

Meanwhile, this CPI data comes after a good JOLTS (Job Openings and Labor Turnover Survey) report on Tuesday, which gave the market a reason to stop falling. Notably, Fed Chair Jerome Powell stated on Friday that the US central bank would take a cautious approach to monetary policy easing, adding that the economy currently “continues to be in a good place.”

同時，此CPI數據是在周二的良好震撼（職位空缺和勞動力轉移調查）報告之後，這使市場有理由停止下降。值得注意的是，美聯儲主席杰羅姆·鮑威爾（Jerome Powell）週五表示，美國央行將採取謹慎的措施來減輕貨幣政策，並補充說，目前的經濟“繼續處於一個好地方”。

According to data from the CME Fedwatch tool, markets are betting on a cut in interest rates at the Fed’s next meeting.

根據CME FedWatch工具的數據，市場正在押注美聯儲下次會議上的利率降低。

“Inflation just came in at 2.8% which is lower than expectations. The real number is even lower. The Fed should cut rates immediately,” chimed Anthony Pompliano, the founder of Professional Capital Management.

通貨膨脹率為2.8％，低於預期。實際數字甚至更低。美聯儲應立即降低利率。