美联储选择稳定性，比特币福利

在美联储的最新公告之后，加密货币投资者有理由得到满足。

Federal Reserve opted for stability on Thursday, leaving interest rates unchanged and hinting at two cuts in 2025, while also reducing its balance sheet reduction program. This announcement had a positive impact on cryptocurrency investors, with the Bitcoin price quickly surging towards $88,000 in response.

美联储在周四选择稳定，使利率保持不变，并暗示了2025年的两次削减，同时还减少了资产负债表减少计划。这一宣布对加密货币投资者产生了积极的影响，比特币价格迅速飙升至88,000美元。

As anticipated by economists polled by Dow Jones, the US central bank decided to keep its benchmark rates within the current range of 4.25% to 4.5%. This decision follows a rapid series of rate hikes in 2022, implemented to curb inflation, which has since eased but remains above the Fed's 2% target.

正如道琼斯（Dow Jones）投票的经济学家所预期的那样，美国中央银行决定将其基准利率保持在4.25％至4.5％的范围内。这一决定是在2022年迅速增加的速率上升之后，该速度已实施以遏制通货膨胀，此后已经缓解了通货膨胀，但仍高于美联储的2％目标。

"We will be attentive to incoming information in evaluating the appropriate economic and financial policy responses to promote the realization of the [Fed's] goals of maximum employment, stable prices, and optimal long-term economic performance," the Fed stated in its statement.

美联储在其声明中说：“我们将注意传入的信息，以评估适当的经济和财务政策响应，以促进[美联储]最高就业，稳定价格和最佳的长期经济绩效的目标的实现。”

"The Fed officials' median projection showed two quarter-point rate cuts in 2025, after which rates would stabilize around 3%. These projections, known as the "dot plot," displayed a slight increase in the terminal rate from 3.75% to 3.9%.

“美联储官员的中位数投影显示2025年的四分之一点率降低了，此后率将稳定在3％左右。这些预测（称为“ DOT图”）的终端率从3.75％略有增加到3.9％。

While the Fed's statement did not express any concern over the US default on its debt obligations earlier this year, officials signaled their willingness to lower the Treasury securities purchase cap from $25 billion per month to $5 billion. This move was highly anticipated by traders, who believe it could further fuel risk appetite.

尽管美联储的声明对今年早些时候对美国债务义务的违约没有任何担忧，但官员表示愿意将国库券购买上限从每月250亿美元降低到50亿美元。这一举动备受期待，交易者认为这可以进一步加剧风险的胃口。

"The Fed is winding down QT more slowly than the market had anticipated. This will put more downward pressure on yields and provide additional support for equities and other risky assets," stated Ben Peoples, a senior economist at Deutsche Bank.

德意志银行的高级经济学家本·普莱恩斯（Ben Peoples）说：“美联储的QT比市场预期的要慢。这将使收益率更大的压力，并为股票和其他风险资产提供更多支持。”

In his post-meeting press conference, Fed Chair Jerome Powell emphasized that the institution's primary focus remains on returning inflation to the 2% goal.

美联储主席杰罗姆·鲍威尔（Jerome Powell）在会议后的新闻发布会上强调，该机构的主要重点仍在将通货膨胀率返回2％的目标上。

"We are fully committed to returning inflation to the 2% goal. We will use our instruments and knowledge to do so. And if our analysis indicates that a reduction in the pace of QT would support the realization of the goal, then we will be prepared to do so."

“我们完全致力于将通货膨胀恢复到2％的目标。我们将使用我们的工具和知识来做到这一点。而且，如果我们的分析表明QT速度的降低将支持实现目标的实现，那么我们将准备这样做。”

During the press conference, officials also revealed their projections for economic growth in 2023, ranging from 3.0% to 3.5%, a revision from the 1.0% to 2.0% projection in March. The projections for 2024 displayed a narrower range of 1.8% to 2.0%, compared to the 1.0% to 1.8% projection.

在新闻发布会上，官员们还透露了他们在2023年对经济增长的预测，从3.0％到3.5％，从3月的1.0％到2.0％的预测修订。 2024年的预测显示出1.8％至2.0％的窄范围，而预测为1.0％至1.8％。

For 2025, officials project a modest growth rate of 1.5%, remaining optimistic despite the pessimistic tone of private-sector economists.

在2025年，官员们的增长率为1.5％，尽管私营部门经济学家的悲观语气仍然乐观。

In his opening remarks, Powell highlighted the resilience of the US economy, which has prevented a recession despite the rapid series of interest rate hikes.

鲍威尔在开幕词中强调了美国经济的韧性，尽管迅速提高了利率，这仍阻止了经济衰退。

"The US economy has proven to be more resilient than many economists anticipated. It has absorbed the rapid tightening of monetary policy without a recession."

“事实证明，美国经济比许多经济学家预期的更具弹性。它已经吸收了货币政策的迅速收紧而没有衰退。”

Despite the positive outlooks and projections, Fed officials displayed caution regarding the economic outlook, particularly in the second half of the year.

尽管有积极的前景和预测，但美联储官员对经济前景表示谨慎，尤其是在下半年。

"Several officials expressed concern over the persistence of inflation in the 2.5 to 3.0 percent range, which is higher than the 2 percent goal, and the potential for slower-than-expected economic growth in the second half of 2023."

“几位官员对2.5％至3.0％的通货膨胀范围的持续存在表示关注，这高于2％的目标，并且在2023年下半年的经济增长速度较慢。”

This concern is evident in the projections for the unemployment rate, which officials see stabilizing at 3.8 to 4.0 percent in the fourth quarter of 2023 and 3.9 to 4.1 percent in 2024, before a slight decrease to 3.7 to 3.9 percent in 2025.

这种担忧在失业率的预测中很明显，官员认为2023年第四季度的稳定为3.8％至4.0％，2024年的稳定为3.9％至4.1％，然后在2025年略微降低至3.7％至3.9％。

The projections also indicate a pessimistic outlook for consumer price inflation, with officials projecting a rate of 2.3 to 2.5 percent in 2025, following a 2.1 to 2.3 percent projection for 2024. Only one official predicts that inflation will reach the 2 percent goal by the end of 2025.

这些预测还表明，在2024年的2.1％至2.3％的投影之后，2025年的官员预计，消费者价格通货膨胀的前景为2.3至2.5％。只有一位官员预测，到2025年底，通货膨胀将达到2％的目标。

"The projections indicate that inflation will decline to 2.1 to 2.3 percent in 2024 and 2.3 to 2.5 percent in 2025. One official predicts that inflation will return to the 2 percent goal by the end of 2025," the Fed stated in its release.lower interest rates on the horizon for 2025

美联储表示：“预测表明，通货膨胀将在2024年下降到2.1％至2.3％，2025年的通货膨胀率将下降到2.3％至2.5％。一位官员预测，到2025年底，通货膨胀将恢复到2％的目标。”

Crypto investors will be pleased to hear that the Federal Reserve hinted at the possibility of two rate cuts in 2025.

加密投资者将很高兴得知美联储暗示2025年可能会削减两次税率。

As the Fed keeps its rates unchanged and signals future easing, Bitcoin price is surging towards $90,000.

随着美联储保持不变的利率并表示未来的宽松信号，比特币的价格正飙升至90,000美元。

FOMC statement redline. Fed removes language that “

FOMC语句红线。美联储删除了“