美联储维持利率稳定，加密货币市场在通胀斗争中波动

美联储将关键利率维持在当前水平，表明美联储长期致力于对抗通胀。尽管加密货币市场经历了小幅低迷，但自公告发布以来，比特币和以太坊都显示出了复苏的迹象。然而，顽固的通胀和不断变化的利率预期继续影响市场情绪，交易员调整了他们的预测和风险偏好。

Federal Reserve Maintains Steady Interest Rate Amid Persistent Inflation, Impacting Crypto Market

美联储在持续通胀的情况下维持稳定利率，影响加密货币市场

Washington, D.C. - The Federal Reserve (Fed) has maintained its key interest rate at a target range of 5.25% to 5.5%, in a widely anticipated decision that reflects its continued focus on combating stubbornly high inflation.

华盛顿特区 - 美联储 (Fed) 将主要利率维持在 5.25% 至 5.5% 的目标区间，这是一项广泛预期的决定，反映出美联储继续致力于对抗顽固的高通胀。

Federal Reserve Chairman Jerome Powell, in his remarks following the meeting, acknowledged the challenges in reducing inflation to the Fed's target of 2%, but expressed optimism that rate increases would ultimately achieve the desired effect. However, he declined to specify a timeline for future rate cuts.

美联储主席杰罗姆·鲍威尔在会后讲话中承认，将通胀率降至2%的目标面临挑战，但对加息最终将达到预期效果表示乐观。不过，他拒绝透露未来降息的时间表。

"I'd say it's unlikely," Powell said when asked about the possibility of an imminent rate hike, but "it's likely to take longer for us to gain confidence that we are on a sustainable path to 2% inflation."

当被问及即将加息的可能性时，鲍威尔表示：“我想说这不太可能，但我们可能需要更长的时间才能获得信心，相信我们正在走上可持续的 2% 通胀之路。”

The Fed's decision has sent mixed signals to the crypto market, with Bitcoin and Ethereum experiencing both declines and minor gains in the hours following the announcement. Bitcoin dropped 4.6% over the past day, reaching $57,600, while Ethereum fell 1.3% to $2,945. However, both cryptocurrencies have shown signs of recovery in the past hour, with Bitcoin rising 1% and Ethereum increasing 2%.

美联储的决定向加密市场发出了复杂的信号，比特币和以太坊在宣布后的几个小时内经历了下跌和小幅上涨。比特币在过去一天下跌 4.6%，至 57,600 美元，而以太坊则下跌 1.3%，至 2,945 美元。然而，两种加密货币在过去一个小时内都显示出复苏的迹象，比特币上涨了 1%，以太坊上涨了 2%。

The Fed's decision comes amidst concerns about the persistence of inflation, reaching multi-decade highs in 2022. Although inflation rates have declined slightly, they remain above the Fed's target. The lack of substantial change in inflation from the previous month's release in March caused significant volatility in crypto markets.

美联储做出这一决定之际，人们对通胀持续存在的担忧，通胀将在 2022 年达到数十年来的高点。尽管通胀率略有下降，但仍高于美联储的目标。与上个月发布的 3 月份通胀数据相比，通胀没有发生实质性变化，导致加密货币市场出现大幅波动。

"The committee does not expect it will be appropriate to reduce the target range until it has gained greater confidence that inflation is moving sustainably toward 2%," Powell stated in a prepared statement.

鲍威尔在一份准备好的声明中表示：“委员会预计，在对通胀持续向 2% 迈进更有信心之前，不宜降低目标范围。”

James Butterfill, Head of Research at CoinShares, believes that shifting rate expectations are primarily driving recent price movements in Bitcoin, while Ethereum faces additional pressure due to an ongoing court battle over its regulatory status in the United States.

CoinShares 研究主管 James Butterfill 认为，利率预期的变化主要推动了比特币近期的价格走势，而以太坊则因美国监管地位的持续法庭斗争而面临额外压力。

Higher interest rates, a tool employed to curb inflation by making borrowing more expensive, typically have a negative impact on risk assets such as stocks and cryptocurrencies. As cash reserves become more attractive, investors tend to shift away from riskier assets.

高利率是一种通过提高借贷成本来抑制通货膨胀的工具，通常会对股票和加密货币等风险资产产生负面影响。随着现金储备变得更具吸引力，投资者往往会放弃风险较高的资产。

Although the Fed had initially projected three quarter-percentage point cuts for 2024, traders have grown less optimistic. According to the CME's FedWatch Tool, financial market participants anticipate at most one rate cut by the end of the year.

尽管美联储最初预计 2024 年降息 3 个百分点，但交易员却变得不那么乐观。根据芝商所的美联储观察工具，金融市场参与者预计年底前最多会降息一次。

As rate cut expectations have been delayed, Bitcoin experienced its worst month since November 2022, with a 14% decline in April. Powell acknowledged that inflation has not receded as quickly as policymakers had hoped, suggesting that rate cuts may be further down the road.

由于降息预期被推迟，比特币经历了自 2022 年 11 月以来最糟糕的一个月，4 月份跌幅达 14%。鲍威尔承认，通胀并未像政策制定者希望的那样迅速消退，这表明未来可能会进一步降息。

Despite the challenges, Powell expressed confidence in the Fed's ability to manage the risks presented by inflation. "The recent data have clearly not given us greater confidence, and instead indicate that it's likely to take longer than expected to achieve that confidence," he said. "That said, we think policy is well positioned to handle the risks that we face."

尽管面临挑战，鲍威尔仍对美联储管理通胀风险的能力表示信心。他表示：“最近的数据显然没有给我们带来更大的信心，反而表明实现这种信心可能需要比预期更长的时间。” “话虽如此，我们认为政策足以应对我们面临的风险。”