美联储推迟降息，削弱比特币的势头

由于通货膨胀再度抬头，美联储（Fed）推迟了降息。近几个月通胀超过2%的目标，促使美联储考虑放慢量化紧缩(QT)的步伐。从 6 月开始，国债销售将从每月 600 亿美元减少至 250 亿美元，MBS 支持的证券销售将保持每月 350 亿美元不变。这一发展可能对比特币有利，因为加密货币的有限货币供应可能会在持续的通货膨胀中受到欢迎。

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

通胀抬头，美联储推迟降息，影响比特币

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.

美联储（Fed）宣布推迟预期的降息，这一决定在很大程度上受到美国近期通胀抬头的影响。这一发展对加密货币市场（尤其是比特币）具有重大影响。

Fed Acknowledges Inflation's Return

美联储承认通胀回归

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.

美联储在最新声明中承认，通货膨胀（消费者价格的持续上涨）在近几个月再次出现。这与美联储此前淡化通胀威胁、强调降低失业率的承诺不同。

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

美联储表示：“近几个月来，2%的通胀目标没有取得进一步进展。”

Expectations of Rate Cuts Diminish

降息预期减弱

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.

为了对抗通胀，美联储自2022年3月以来一直在加息。然而，最近的声明表明美联储现在采取了更加谨慎的态度，承认目前可能没有必要进一步加息。

"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.

声明称：“在考虑改变关键利率之前，美联储将仔细评估新的经济数据、不断变化的前景以及风险平衡。”

Possibility of Rate Hike Considered

考虑加息的可能性

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.

尽管美联储并未积极考虑加息，但可能性已有所上升。声明八次提到“加息”的可能性，表明美联储正在密切关注事态发展。然而，美联储主席杰罗姆·鲍威尔对加息的可能性表示怀疑。

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

鲍威尔表示：“关键利率的下一次变化不太可能是加息。”

Slower Pace of Quantitative Tightening

量化紧缩步伐放缓

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.

尽管降息被推迟，美联储仍宣布将放缓量化紧缩（QT）计划的步伐。 QT涉及通过出售国债和抵押贷款支持证券来减少美联储的资产负债表。

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

美联储表示：“美联储资产负债表规模缩减的步伐将从六月开始放缓。”

Implications for Bitcoin

对比特币的影响

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.

美联储推迟降息并放慢QT步伐的决定普遍被视为对比特币利多。如果通胀持续存在，投资者可能会寻求比特币等供应有限的避险资产。

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

比特币、地缘政治、经济和能源记者 Nicolas T. 表示：“比特币以其绝对有限的货币供应量，只能在大众中流行。”

Conclusion

结论

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.

美联储承认通胀回归，并随后决定推迟降息并放慢量化宽松的步伐，这给金融市场带来了冲击。虽然对比特币的直接影响尚不确定，但长期影响可能会对加密货币产生积极影响。随着投资者寻求对冲通胀的替代方案，比特币的有限供应和去中心化性质可能使其成为一种越来越有吸引力的资产。