通貨膨脹會冷卻，但對美聯儲不夠冷

隨著交易員在美聯儲樞紐的推測，比特幣和以太坊在CPI驚喜之後激增，但更廣泛的通貨膨脹敘事仍然不確定。

The April Consumer Price Index (CPI) report delivered a surprise, with annual inflation coming in lower than expected and slipping below forecasts for the first time in months.

四月消費者價格指數（CPI）報告令人驚訝，年通貨膨脹率低於預期，幾個月來首次低於預測。

As a result, Bitcoin (BTC) and Ethereum (ETH) prices spiked in response to the unexpected CPI data, which traders saw as increasing the chances of a Federal Reserve pivot. However, despite the brief rally in crypto, the broader inflation narrative remains uncertain, and the market isn't necessarily out of the woods yet.

結果，比特幣（BTC）和以太坊（ETH）價格響應於意外的CPI數據，交易者認為這增加了美聯儲樞紐的機會。然而，儘管加密貨幣的簡短集會，但更廣泛的通貨膨脹敘事仍然不確定，而且市場不一定不在樹林之外。

Here's a breakdown of the key takeaways from the report, how crypto reacted, and why there are still concerns for the market.

這是報告中關鍵要點的細分，加密貨幣的反應如何以及為什麼對市場仍然有擔憂。

Inflation Cools, But Not Cold Enough for the Fed

通貨膨脹會冷卻，但對美聯儲不夠冷

The April CPI figures showed a year-over-year increase of 2.3%, falling short of the 2.4% projection by economists in a Bloomberg poll and marking the lowest reading since February 2021.

4月的CPI數字顯示，同比增長了2.3％，低於彭博（Bloomberg）民意調查中經濟學家的2.4％預測，並標誌著自2021年2月以來的讀數最低。

On a monthly basis, both headline and core CPI ticked up 0.2%, slower than March's pace and also lower than economists' estimates of 0.3% for both measures.

每月，標題和核心CPI均提高0.2％，比3月的速度慢，也低於經濟學家的這兩種措施的估計值0.3％。

This marks the lowest annual inflation print in over two years, which is a positive development, but it's a cautious one. The Fed's 2% inflation target is still out of reach, and with sticky inflation remaining a key focus for markets, any pivot by the Fed is still uncertain.

這標誌著兩年來最低的年度通貨膨脹印刷品，這是一個積極的發展，但這是一個謹慎的發展。美聯儲的2％通貨膨脹目標仍然遙不可及，而粘性通貨膨脹仍然是市場的重點，美聯儲的任何樞紐仍然不確定。

However, any sign of cooling inflation could be enough to provide some relief for risk assets, such as crypto.

但是，任何冷卻通貨膨脹的跡像都足以為風險資產（例如加密貨幣）提供一些緩解。

The Trump Tariff Factor

特朗普關稅因素

While the CPI figures came in lower than expected, it's worth noting that this may partly reflect recent moves by President Trump to roll back tariffs. For instance, tariffs on Chinese tech were slashed from 145% to 30%, and a 90-day pause was announced on tariffs on solar panels and washing machines.

儘管CPI數字的幅度低於預期，但值得注意的是，這可能部分反映了特朗普總統最近採取的徵收關稅。例如，中國技術的關稅從145％削減到30％，並宣布了90天的停頓，對太陽能電池板和洗衣機的關稅宣布。

Economists suggest that the full impact of tariffs on U.S. inflation is yet to be realized, as importers likely front-ran purchases to get goods into the country before the tariffs took effect. This could result in a surge in inflation later in the year.

經濟學家認為，關稅對美國通貨膨脹的全部影響尚待實現，因為進口商可能在關稅生效之前購買了前越行動以將商品送入該國。這可能導致一年晚些時候通貨膨脹率激增。

As the Fed president pointed out, they are now in "wait-and-see" mode to assess the unfolding economic trends and adjust their monetary policy accordingly.

正如美聯儲總統所指出的那樣，他們現在處於“等待”模式，以評估不斷發展的經濟趨勢並相應地調整其貨幣政策。

"In reality, the data for April is likely to be largely unaffected by President Trump's announcements on Liberation Day," said Julien Lafargue, chief market strategist at Barclays Private Bank, in an email.

巴克萊私人銀行（Barclays Private Bank）首席市場策略師朱利安·拉法格（Julien Lafargue）在一封電子郵件中說：“實際上，四月份的數據可能在很大程度上不受特朗普總統在解放日的公告的影響。”

"This is because exemptions were granted for goods that had left exporting countries before April 2, and because consumers and businesses rushed to front-run tariffs in February and March. As such, both the Fed and global investors will still need to be a bit more patient before they can properly assess the impact of the trade uncertainty on consumer prices."

“這是因為對4月2日之前離開出口國的商品授予了豁免，並且由於消費者和企業在2月和3月急於獲得前進的關稅。因此，美聯儲和全球投資者仍然需要更具耐心的耐心，然後才能正確評估貿易不確定性對消費者價格的影響。”

Crypto Spikes, Shorts Liquidated

加密尖峰，短褲清算

Ahead of the crucial CPI data release, crypto prices traded cautiously, with Bitcoin hovering around the $102,000 level as everyone braced for the impact of the report.

在關鍵的CPI數據發布之前，加密貨幣價格謹慎交易，隨著每個人都為報告的影響而努力，比特幣徘徊在102,000美元之間。

Following the release of the April CPI figures, crypto prices responded quickly, with Bitcoin and Ethereum both showing strong gains.

在4月CPI數據發布後，加密貨幣價格迅速做出了回應，比特幣和以太坊都表現出很大的收益。

After the CPI reading, Bitcoin surged to around $103,645, while Ethereum edged higher to trade at approximately $2,503.

CPI閱讀後，比特幣飆升至103,645美元左右，而以太坊以更高的價格以大約2,503美元的價格交易。

The move was modest but significant, as traders saw the CPI miss as increasing the chances of the Fed pivoting on interest rates.

此舉是謙虛但很重要的，因為交易者認為CPI失誤增加了美聯儲關鍵的利率機會。

The swift price spike in crypto is exactly what would be expected if there was a sudden shift in the Fed's stance, which could have major implications for the market.

如果美聯儲的立場突然發生變化，這可能會對市場產生重大影響，那麼加密貨幣的迅速價格飆升正是預期的。

However, it's important to note that the real inflation fight isn't over yet, and there are still concerns that could affect the market in the coming months.

但是，重要的是要注意，真正的通貨膨脹鬥爭還沒有結束，並且仍然存在可能在未來幾個月內影響市場的擔憂。

Stay tuned for more updates on the latest crypto and market trends.

請繼續關注有關最新加密和市場趨勢的更多更新。

The post Surprising CPI fuels Bitcoin price spike as traders speculate on Fed pivot appeared first on CryptoSlate.

當交易員推測FED Pivot時，CPI令人驚訝的CPI燃料比特幣價格峰值首先出現在隱板板岩上。

The post Surprising CPI fuels Bitcoin price spike as traders speculate on Fed pivot first appeared on Benzinga.

當交易員推測Fed Pivot首次出現在Benzinga上時，CPI令人驚訝的CPI燃料比特幣價格飆升。