美聯儲選擇穩定性，比特幣福利

在美聯儲的最新公告之後，加密貨幣投資者有理由得到滿足。

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.

美聯儲在周四選擇穩定，使利率保持不變，並暗示了2025年的兩次削減，同時還減少了資產負債表減少計劃。這一宣布對加密貨幣投資者產生了積極的影響，比特幣價格迅速飆升至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.

正如道瓊斯（Dow Jones）投票的經濟學家所預期的那樣，美國中央銀行決定將其基準利率保持在4.25％至4.5％的範圍內。這一決定是在2022年迅速增加的速率上升之後，該速度已實施以遏制通貨膨脹，此後已經緩解了通貨膨脹，但仍高於美聯儲的2％目標。

"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.

美聯儲在其聲明中說：“我們將注意傳入的信息，以評估適當的經濟和財務政策響應，以促進[美聯儲]最高就業，穩定價格和最佳的長期經濟績效的目標的實現。”

"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%.

“美聯儲官員的中位數投影顯示2025年的四分之一點率降低了，此後率將穩定在3％左右。這些預測（稱為“ DOT圖”）的終端率從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.

儘管美聯儲的聲明對今年早些時候對美國債務義務的違約沒有任何擔憂，但官員表示願意將國庫券購買上限從每月250億美元降低到50億美元。這一舉動備受期待，交易者認為這可以進一步加劇風險的胃口。

"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.

德意志銀行的高級經濟學家本·普萊恩斯（Ben Peoples）說：“美聯儲的QT比市場預期的要慢。這將使收益率更大的壓力，並為股票和其他風險資產提供更多支持。”

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.

美聯儲主席杰羅姆·鮑威爾（Jerome Powell）在會議後的新聞發布會上強調，該機構的主要重點仍在將通貨膨脹率返回2％的目標上。

"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."

“我們完全致力於將通貨膨脹恢復到2％的目標。我們將使用我們的工具和知識來做到這一點。而且，如果我們的分析表明QT速度的降低將支持實現目標的實現，那麼我們將準備這樣做。”

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.

在新聞發布會上，官員們還透露了他們在2023年對經濟增長的預測，從3.0％到3.5％，從3月的1.0％到2.0％的預測修訂。 2024年的預測顯示出1.8％至2.0％的窄範圍，而預測為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，官員們的增長率為1.5％，儘管私營部門經濟學家的悲觀語氣仍然樂觀。

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.

鮑威爾在開幕詞中強調了美國經濟的韌性，儘管迅速提高了利率，這仍阻止了經濟衰退。

"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."

“事實證明，美國經濟比許多經濟學家預期的更具彈性。它已經吸收了貨幣政策的迅速收緊而沒有衰退。”

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

儘管有積極的前景和預測，但美聯儲官員對經濟前景表示謹慎，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."

“幾位官員對2.5％至3.0％的通貨膨脹範圍的持續存在表示關注，這高於2％的目標，並且在2023年下半年的經濟增長速度較慢。”

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.

這種擔憂在失業率的預測中很明顯，官員認為2023年第四季度的穩定為3.8％至4.0％，2024年的穩定為3.9％至4.1％，然後在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.

這些預測還表明，在2024年的2.1％至2.3％的投影之後，2025年的官員預計，消費者價格通貨膨脹的前景為2.3至2.5％。只有一位官員預測，到2025年底，通貨膨脹將達到2％的目標。

"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

美聯儲表示：“預測表明，通貨膨脹將在2024年下降到2.1％至2.3％，2025年的通貨膨脹率將下降到2.3％至2.5％。一位官員預測，到2025年底，通貨膨脹將恢復到2％的目標。”

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

加密投資者將很高興得知美聯儲暗示2025年可能會削減兩次稅率。

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

隨著美聯儲保持不變的利率並表示未來的寬鬆信號，比特幣的價格正飆升至90,000美元。

FOMC statement redline. Fed removes language that “

FOMC語句紅線。美聯儲刪除了“