鲍威尔延迟降息给市场带来冲击

杰罗姆·鲍威尔最近的讲话加剧了市场波动，因为他在考虑降息之前表达了对通胀的担忧。这一公告打破了此前对今年三次降息的预期，引发大宗商品和全球市场的强烈反应。黄金飙升至历史新高，而铜和铝等基本金属的交易价格也处于高位。 10年期美国国债收益率升至4.4%，反映出市场的不确定性。道琼斯指数、标准普尔 500 指数和纳斯达克指数等主要股指的反应不一。基于强劲的经济数据和美联储对控制通胀的关注，专家们目前预测美联储将在 2024 年底或 2025 年初降息。预计加密货币市场将受益于降息后的经济繁荣，但这种投资仍然比债券等传统资产风险更高。

Jerome Powell's Stance on Rate Cuts Triggers Market Reaction

杰罗姆·鲍威尔的降息立场引发市场反应

Federal Reserve Chairman Jerome Powell's recent speech has sent shockwaves through the financial markets, leading to a significant market reaction. Powell's comments, which indicated a delay in the anticipated rate cuts, have dashed hopes and sparked volatility in both the commodity and global markets.

美联储主席鲍威尔近期的讲话震惊金融市场，引发市场强烈反应。鲍威尔的言论表明预期降息的时间将被推迟，这让人们的希望破灭，并引发了大宗商品和全球市场的波动。

Global Market Impact

全球市场影响

Global indices have responded swiftly to the news, with some exhibiting signs of improvement while others have experienced a downturn. The Dow Jones Industrial Average has slipped slightly, while the S&P 500 and Nasdaq have climbed higher. The Russell 2000 Index, which had been under pressure recently, has also shown a modest uptick. Notably, the yield on the 10-year U.S. Treasury bond has risen to elevated levels, signaling increased confidence in the bond market.

全球指数对此消息做出了迅速反应，其中一些指数显示出改善的迹象，而另一些指数则经历了低迷。道琼斯工业平均指数小幅下滑，而标准普尔 500 指数和纳斯达克指数则攀升。近期承压的罗素2000指数也出现小幅上涨。值得注意的是，10年期美国国债收益率已升至较高水平，表明人们对债券市场的信心有所增强。

Powell's Inflation Concerns

鲍威尔的通胀担忧

In his speech, Powell emphasized the need for the Federal Reserve to maintain a cautious approach toward inflation before considering rate cuts. This cautious stance has tempered market expectations, which had previously been buoyed by Powell's earlier indication that three rate cuts could occur this year.

鲍威尔在讲话中强调，美联储在考虑降息之前需要对通胀保持谨慎态度。这种谨慎的立场缓和了市场预期，此前鲍威尔早些时候表示今年可能会三次降息，从而提振了市场预期。

Stock Market's Rollercoaster Ride

股市的过山车之旅

The U.S. stock markets had reached all-time highs after the Federal Reserve's decision to pause interest rate cuts last year. This optimistic sentiment, coupled with falling bond yields, had fueled anticipation of imminent rate cuts. However, the recent speech has shattered those hopes, causing a sell-off in some sectors.

去年美联储决定暂停降息后，美国股市创下历史新高。这种乐观情绪，加上债券收益率下降，加剧了人们对即将降息的预期。然而，最近的讲话让这些希望破灭，导致一些行业遭到抛售。

Strong Economic Data Stimying Rate Cut Expectations

强劲的经济数据刺激降息预期

Economic data released in December, including a rise in retail sales, has reinforced the Federal Reserve's focus on controlling inflation rather than promoting growth. Additionally, strong employment data released recently has further dampened expectations for near-term rate cuts.

12月份公布的经济数据，包括零售销售的增长，强化了美联储对控制通胀而非促进增长的关注。此外，近期公布的强劲就业数据进一步削弱了近期降息的预期。

Market Experts Look to Q4 2024

市场专家展望 2024 年第四季度

Analysts now speculate that rate cuts may not occur until the fourth quarter of 2024. The strong market data and Powell's cautious stance have prompted experts to revise their forecasts.

分析师现在猜测降息可能要到2024年第四季度才会发生。强劲的市场数据和鲍威尔的谨慎立场促使专家修改了预测。

Commodity Market's Positive Outlook

大宗商品市场的积极前景

Meanwhile, the commodity market remains robust, with gold trading near all-time highs and base metals such as copper and aluminum experiencing strong performance. This buoyancy reflects the global economic recovery and sustained demand for these materials.

与此同时，大宗商品市场依然强劲，黄金交易价格接近历史高点，铜和铝等基本金属表现强劲。这种繁荣反映了全球经济复苏和对这些材料的持续需求。

Crypto Market's Indirect Impact

加密市场的间接影响

The cryptocurrency market, often perceived as a riskier asset class, may indirectly benefit from future rate cuts. As the economy strengthens, investors typically allocate funds toward riskier assets, including cryptocurrencies. This inflow of capital could drive up the value of crypto assets.

加密货币市场通常被视为风险较高的资产类别，可能会间接受益于未来的降息。随着经济走强，投资者通常会将资金分配给风险较高的资产，包括加密货币。这种资本流入可能会推高加密资产的价值。

Summary

概括

Jerome Powell's speech has significantly impacted both the commodity and global markets. His inflation concerns have delayed anticipated rate cuts, leading to market volatility. While some sectors have responded positively, the stock market has suffered from diminished expectations. The commodity market remains bullish, but the crypto market is likely to react indirectly to the eventual reduction in interest rates.

杰罗姆·鲍威尔的讲话对大宗商品和全球市场产生了重大影响。他对通胀的担忧推迟了预期的降息，导致市场波动。尽管一些行业反应积极，但股市却因预期下降而受到影响。大宗商品市场仍然看涨，但加密货币市场可能会对利率的最终降低做出间接反应。

Disclosure

披露

The views and opinions expressed in this article are solely those of the author and should not be construed as financial advice. Investing in stocks, cryptocurrencies, or other financial instruments involves significant risk, and investors should always conduct thorough research and consult with qualified professionals before making any investment decisions.

本文表达的观点和意见仅代表作者个人观点，不应被视为财务建议。投资股票、加密货币或其他金融工具涉及重大风险，投资者在做出任何投资决定之前应始终进行彻底的研究并咨询合格的专业人士。