“ Cardano（ADA）价格动作”

“美联储的首选通货膨胀表的低于预期”

The personal consumption expenditures price index (PCE), the Fed's preferred inflation indicator, rose only 0.1% last month and 2.4% year-over-year, both below expectations.

个人消费支出价格指数（PCE）是美联储的首选通货膨胀指标，上个月仅上个月0.1％，同比增长2.4％，都低于预期。

Economists polled by Dow Jones had estimated a 0.2% monthly increase and a 2.5% annual gain.

道琼斯进行调查的经济学家估计每月增加0.2％，年收益为2.5％。

Meanwhile, the closely followed core PCE price index, which excludes volatile food and energy components, remained unchanged at the 0.2% monthly rate and 1.9% year-over-year. Core inflation was also expected to come in at 0.2% monthly and 1.9% annually.

同时，不包括波动性食品和能源组成部分的紧随其后的核心PCE价格指数以每月0.2％和同比1.9％的速度保持不变。核心通货膨胀预计每月为0.2％，每年为1.9％。

After the release of the PCE data, U.S. stock futures traded lower on Friday, indicating a continuation of the downturn from the previous session following the Fed's interest rate decision. Dow Jones Industrial Average futures lost 75 points, S&P 500 futures fell 10 points, and Nasdaq 100 futures decreased by 28 points.

PCE数据发布后，美国股票期货在周五的交易较低，这表明在美联储的利率决定之后，上一届会议的下降延续。道琼斯工业平均期货损失75分，标准普尔500指货下降了10分，纳斯达克100期货期货下降了28分。

On Wednesday, the Fed lowered its benchmark interest rate by another quarter of a percentage point to a target range of 4.25%-4.5%, marking the lowest level in two years. However, Chair Jerome Powell and policymakers reduced their expected path in 2025, now projecting only two reductions from the previous estimate of four.

周三，美联储将其基准利率降低了一个百分点的四分之一，目标范围为4.25％-4.5％，标志着两年来的最低水平。但是，主席杰罗姆·鲍威尔（Jerome Powell）和决策者在2025年减少了他们的预期路径，现在从上一个估计的四个估计中仅降低了两次。

Moreover, the officials maintained their outlook for the U.S. economy, anticipating a “moderate” expansion this year and next, despite economists cutting their projections for 2024 growth.

此外，尽管经济学家削减了2024年增长的预测，但官员们仍对美国经济保持着前景，预计今年和下一年会有“适度”的扩张。

The Fed's decision to slow the pace of rate cuts and maintain its economic growth projections surprised economists, who had anticipated a faster reduction in interest rates and a slight downward revision to the GDP outlook.

美联储决定减慢降低速度并保持其经济增长预测的决定使经济学家感到惊讶，他们预计利率会更快地降低，并对GDP的前景进行了轻微的下降。

Following the announcement, both the Dow and S&P 500 closed down by nearly 1%, while the Nasdaq Composite fell by 1.5%.

宣布这一消息后，道琼斯指数和标准普尔500分都关闭了近1％，而纳斯达克综合材料下降了1.5％。

Despite the smaller-than-expected rate cut and the steeper-than-anticipated path for future reductions, Chair Powell's comments at the subsequent press conference seemed to take some of the sting out of the market’s disappointment with the Fed’s interest rate announcement.

尽管降低的降低比预期较小，而未来减少的幅度要高于期待的途径，但鲍威尔在随后的新闻发布会上的评论似乎使一些市场对美联储的利率公告感到失望。

In his remarks, Powell signaled that the outlook for inflation and the labor market had improved since the last meeting, and he expressed optimism that the economy is gradually shifting toward the Fed’s goals of stable prices and maximum employment.

鲍威尔在他的讲话中表明，自上次会议以来，通货膨胀和劳动力市场的前景有所改善，他乐观地表明，经济逐渐转移到美联储的稳定价格和最高就业的目标。

“We are in a different place than we were a few months ago,” Powell said.

鲍威尔说：“我们与几个月前不同。”

After the PCE data, economists at ING noted that the figures largely aligned with expectations and appeared to be largely priced into the market by Friday morning.

在PCE数据之后，ING的经济学家指出，这些数字在很大程度上与期望保持一致，并且在周五早上似乎在市场上的价格很大。

“With inflation now clearly decelerating and the labor market still strong, the Fed seems to be slowly guiding the U.S. economy toward a soft landing,” the economists said. “However, we believe that the Fed will need to cut rates by another 50 basis points this year to fully achieve its mandate.”

经济学家说：“随着通货膨胀明显减速，劳动力市场仍然强劲，美联储似乎正在慢慢地指导美国经济降落。” “但是，我们认为美联储今年将需要再降低50个基点，才能完全实现其任务。”