联邦

在宣布这一消息中，加密货币市场表明，随着主要加密货币的价格飙升，其乐观情绪。

The Federal Reserve kept its benchmark interest rate unchanged on Wednesday, but signaled concerns over slower economic growth and sticky inflation pressures.

美联储在周三保持其基准利率不变，但表明对经济增长和粘性通货膨胀压力的关注表示关注。

The central bank is holding its benchmark fed funds rate range at 4.25%-4.50%, Slashdot reports. It is also planning to slow the pace of its balance sheet runoff starting in April, adds Benzinga.

Slashdot报道，中央银行的基准美联储资金利率为4.25％-4.50％。 Benzinga补充说，它还计划减慢其资产负债表径流的速度。

The institution is reducing its balance sheet by $60 billion per quarter, but that pace will be slowed in the coming months.

该机构每季度将其资产负债表降低600亿美元，但在未来几个月中，该速度将放缓。

The report comes amid a broad market rally that has seen major cryptocurrencies like Bitcoin and Ethereum rise. At the time of press, Bitcoin was up 4% in 24 hours at $84K. Ethereum has also gained 8%, trading at $2,034. Meanwhile, XRP is leading the surge after soaring 10% to $2.47 in the same period.

该报告是在广泛的市场集会中发布的，该集会已经看到了比特币和以太坊上升等重大加密货币。在新闻发布会时，比特币在24小时内上涨了4％，$ 84K。以太坊也增加了8％，交易价格为2,034美元。同时，XRP在同一时期飙升10％至2.47美元之后，XRP领先。

Those interested in the Economic Projections of Federal Reserve Board Members and Federal Reserve Bank Presidents can find them here.

那些对美联储董事会成员和美联储银行总裁的经济预测感兴趣的人可以在这里找到。

What Happened

发生了什么

The institution is slashing its growth expectations, Benzinga notes. Economists at the Federal Reserve now see U.S. GDP growing just 1.7% in 2025, down from the 2.1% forecast in December.

本辛加指出，该机构正在削减其增长期望。美联储的经济学家现在，美国GDP在2025年仅增长1.7％，低于12月的2.1％的预测。

Growth estimates for 2026 and 2027 were also trimmed, signaling a cautious outlook from policymakers. “The Committee seeks to achieve maximum employment and inflation at the rate of 2 percent over the longer run. Uncertainty around the economic outlook has increased, FOMC statement read. “The Committee is attentive to the risks to both sides of its dual mandate.”

还修剪了2026年和2027年的增长估计，这表明了决策者的谨慎前景。 “委员会试图以2％的延长速度以2％的速度实现最大的就业和通货膨胀率。弗罗姆（FOMC）声明说，围绕经济前景的不确定性增加了。“委员会专注于对双重授权的双方风险。”

Additionally, the institution also announced plans to slow the pace of its balance sheet runoff starting in April, adding another layer of complexity to its monetary policy approach.

此外，该机构还宣布了计划从4月开始减缓其资产负债表径流的节奏，这增加了其货币政策方法的另一层复杂性。

The Fed’s latest economic projections now see U.S. GDP growing just 1.7% in 2025, lower than the 2.1% forecast in December. The projections for 2026 and 2027 were also revised downward to 1.6% and 1.5%, respectively, from 2.0% and 1.8% previously.

美联储的最新经济预测现在，美国GDP在2025年仅增长1.7％，低于12月的2.1％的预测。 2026年和2027年的预测也分别从前的2.0％和1.8％的人分别向下修订至1.6％和1.5％。

These projections reflect the broader uncertainty surrounding the U.S. economic recovery. Despite strong employment gains and a rapidly declining unemployment rate, recent macroeconomic data has shown signs of slower growth and persistent inflation.

这些预测反映了围绕美国经济复苏的更广泛的不确定性。尽管就业增长幅度很大，并且失业率迅速下降，但最近的宏观经济数据表明，增长和持续通胀的迹象。

What’s Next

接下来是什么

Despite the economic headwinds, the Fed’s projections suggest policymakers still anticipate ending 2025 with a benchmark interest rate of 3.9%, implying only two rate cuts by year-end. The forecasts for 2026 and 2027 stand at 3.4% and 3.1%, respectively, reinforcing expectations that borrowing costs will remain elevated in the near term.

尽管经济逆风，美联储的预测表明，决策者仍然预计将在2025年结束，基准利率为3.9％，这意味着年终仅降低了两次利率。 2026年和2027年的预测分别为3.4％和3.1％，增强了对借贷成本在短期内将保持上升的期望。

In December, the central bank forecast inflation at 2.5% for 2025 and GDP growth at 2.1%. Given recent economic data, there is speculation that the Fed may raise its inflation outlook while lowering its growth expectations.

12月，中央银行预测，2025年的通货膨胀率为2.5％，GDP增长率为2.1％。鉴于最近的经济数据，人们猜测美联储可能会提高其通货膨胀前景，同时降低其增长预期。

The FOMC meeting will be pivotal in shaping investor sentiment. For crypto traders, the short-term volatility might be significant, but in the broader context of digital asset markets, it’s business as usual.

FOMC会议将是塑造投资者情绪的关键。对于加密交易者而言，短期波动可能很重要，但是在数字资产市场的更广泛的背景下，它照常业务。