本周美國有幾個美國經濟指標

尤其是比特幣（BTC），即使取得進一步的增長，也可以將其定位為波動性。

Several US economic indicators are in the lineup this week. Investors looking to take advantage of the expected volatility can front-run the following US economic data.

本週的幾個美國經濟指標正在陣容中。希望利用預期波動率的投資者可以在以下美國經濟數據進行前進。

Consumer Confidence

消費者信心

The Conference Board’s Consumer Confidence Index plummeted to 86.0 in April 2025, a 7.9-point drop from March. This marked its lowest level since October 2011 and the fifth consecutive monthly decline.

會議委員會的消費者信心指數在2025年4月下降到86.0，從3月起7.9分。這標誌著其自2011年10月以來的最低水平和連續第五個每月下降。

“Consumer Confidence is currently the second lowest since records began in 1952! The best analogue I can find is Q2 1982, where we have a similar shape on the oscillator and a second dip in confidence. This time, that second print is significantly deeper. Extraordinary that Bitcoin is at ATH, but not so extraordinary that no one cares,” Bitcoin analyst Decode stated in a post.

“消費者的信心是自1952年創始記錄以來的第二低點！我能找到的最好的模擬是1982年第2季度，在振盪器上我們具有相似的形狀，第二次傾斜。這次，第二張印刷品更加深刻了。比特幣在雅特（Ath），但沒有人如此非凡，但沒有人關心。

Similarly, the Expectations Index, reflecting short-term outlooks for income, business, and labor markets, fell sharply to 54.4. As this was well below the 80 threshold, it signaled recession risks.

同樣，預期指數反映了收入，商業和勞動力市場的短期前景，急劇下降至54.4。由於這遠低於80個閾值，因此標誌著衰退的風險。

According to data on MarketWatch, the median forecast is 86.0. However, consumers express growing concerns about future business conditions, employment prospects, and income.

根據MarketWatch的數據，中位預測為86.0。但是，消費者對未來的業務狀況，就業前景和收入表示越來越關注。

Specifically, 32.1% anticipate fewer jobs in the next six months, a level unseen since the Great Recession. Tariff fears and rising prices also continue to be key drivers of prevailing pessimism.

具體來說，有32.1％的人預計在接下來的六個月中的工作量減少，這是自衰退以來看不見的水平。關稅擔心和價格上漲也是普遍悲觀主義的關鍵驅動力。

This erosion of confidence suggests a reduced risk appetite for crypto investors. Pessimistic consumers are less likely to invest in speculative assets like Bitcoin, favoring safer options like bonds or cash.

這種信心的侵蝕表明，加密投資者的風險偏低。悲觀的消費者不太可能投資於比特幣（例如比特幣）的投機資產，偏愛債券或現金等更安全的選擇。

However, prolonged economic uncertainty could bolster Bitcoin’s appeal as a hedge against inflation or market instability. Crypto markets may see short-term pressure but could benefit from a flight to decentralized assets if recession fears intensify.

但是，長期的經濟不確定性可以促進比特幣的吸引力，以對沖通貨膨脹或市場不穩定。加密貨幣市場可能會看到短期壓力，但如果經濟衰退加劇，可以從分散資產的飛行中受益。

FOMC Minutes

FOMC分鐘

This week, the Federal Open Market Committee (FOMC) will release minutes from its May meeting. Recent reports have indicated a cautious approach to monetary policy.

本週，聯邦公開市場委員會（FOMC）將從5月會議開始發布會議記錄。最近的報告表明，對貨幣政策採取了謹慎的態度。

The Fed emphasized monitoring inflation closely, with some projecting only two rate cuts for 2025. Key citations include persistent inflationary pressures from tariffs and fiscal policies.

美聯儲密切強調監控通貨膨脹，其中一些預計2025年僅降低了兩個速度。主要引用包括關稅和財政政策的持續通貨膨脹壓力。

Fed Chair Jerome Powell’s comments reinforced this hawkish tone, noting the economy’s resilience but highlighting risks from trade policies. The CME FedWatch tool indicates a 94.3% probability of a pause in rate changes at the June 2025 meeting, down from earlier expectations of more aggressive cuts.

美聯儲主席杰羅姆·鮑威爾（Jerome Powell）的評論加強了這種鷹派語調，指出經濟的韌性，但強調了貿易政策的風險。 CME FedWatch工具表明，在2025年6月的會議上，費率變化的概率為94.3％，這與早期對更具侵略性削減的期望相比。

For crypto, a tighter monetary policy strengthens the US dollar, often pressuring risk assets like Bitcoin. The hawkish outlook remains a potential cap on crypto’s upside potential, given that higher interest rates make yield-bearing assets more attractive.

對於Crypto而言，一項更嚴格的貨幣政策加強了美元，通常會壓力像比特幣這樣的風險資產。考慮到較高的利率使承重資產更具吸引力，鷹派前景仍然是加密貨幣上升潛力的潛在上限。

Traders should brace for volatility around the minutes of the Fed’s May FOMC meeting, which are due on Wednesday, May 28. Remarks around this US economic indicator could trigger price movements in the Bitcoin price.

交易者應在美聯儲5月的FOMC會議的會議記錄左右付出波動，該會議將於5月28日星期三舉行。有關該美國經濟指標的評論可能會觸發比特幣價格的價格變動。

Initial Jobless Claims

最初的失業聲明

Another US economic indicator to watch is the Initial Jobless Claims for the week ending May 24.

美國的另一個經濟指標是截至5月24日的一周的最初失業聲明。

In the week before that, ending May 17, the number of people who filed for unemployment insurance dropped to 227,000. This marked a slight drop, down from 229,000 the prior week. Continuing claims reached 1.903 million, a 36,000 increase, signaling a gradual labor market slowdown.

在此之前的一周，截至5月17日結束，申請失業保險的人數降至227,000。這標誌著略有下降，低於上一周的229,000。持續的索賠達到1903萬，增加了36,000，這表明逐漸勞動力市場放緩。

Notwithstanding, the median forecast is 228,000, which points to a softening labor market characterized by gradual weakening in job conditions, characterized by signs of rising unemployment or slower job growth.

儘管如此，中位預測的中位數為228,000，這表明勞動力市場的軟化為特徵，其特徵是在工作條件下逐漸減弱，其特徵是失業率上升或工作增長緩慢。

It signals a possible economic slowdown or uncertainty. Notably, a softening labor market could dampen crypto sentiment, as rising unemployment may reduce disposable income for speculative investments.

它標誌著可能的經濟放緩或不確定性。值得注意的是，勞動力市場的軟化可能會削弱加密貨幣的情緒，因為失業率上升可能會減少投機性投資的可支配收入。

However, the current stability provides some support for risk assets. If claims surge unexpectedly, crypto prices could face downward pressure, as investors may shift to safer havens.

但是，當前的穩定性為風險資產提供了一些支持。如果索賠意外激增，加密價格可能會面對下降壓力，因為投資者可能會轉向更安全的避風港。

PCE

pce

The PCE Price Index for April 2025, due on May 30, 2025, is expected to show a year-over-year increase of 2.2%, down from 2.3% in March. Meanwhile, the core PCE (excluding food and energy) is projected to remain at 2.6%.

2025年4月（2025年5月30日）的PCE價格指數預計將顯示出同比增長2.2％，低於3月份的2.3％。同時，預計核心PCE（不包括食物和能源）將保持2.6％。

March data showed a monthly PCE decrease of less than 0.1%, with core PCE up 0.1%. This reflected cautious consumer spending and a personal savings rate of 3.9%.

3月數據顯示，每月PCE的降低小於0.1％，核心PCE上漲了0.1％。這反映了謹慎的消費者支出和個人儲蓄率為3.9％。

The upcoming report will be critical, as the Fed closely monitors PCE for inflation trends.

即將發布的報告將是至關重要的，因為美聯儲密切監視通貨膨脹趨勢的PCE。

Stable or lower-than-expected PCE figures could support expectations of modest rate cuts, boosting crypto markets by weakening the dollar.

穩定或低於預期的PCE數字可以支持對降低稅率降低的期望，從而通過削弱美元來提高加密貨幣市場。

However, a higher-than-expected reading could heighten inflation fears, strengthening the dollar and pressuring crypto prices.

但是，超過預期的閱讀可能會加劇通貨膨脹的擔憂，加強美元和加密價格。

Crypto traders should remain vigilant, particularly for

加密交易者應保持警惕，特別是