通貨膨脹在四月份減輕了一些，而同比的標題消費者價格指數率降至四年多來的速度最慢。

通貨膨脹在四月份減輕了一些，而同比的標題消費者價格指數率降至四年多來的速度最慢。

Consumer prices rose a bit slower than expected in April, according to the Bureau of Labor Statistics on Wednesday.

根據勞工統計局週三的數據，消費者的價格上漲比4月的預期速度差一些。

The April Consumer Price Index increased by 0.2%, less than the 0.3% rise economists polled by Dow Jones had anticipated and follows a -0.1% decrease in March. In year-over-year terms, the CPI increased by 2.3%, the slowest rate since February 2021. Economists had predicted a 2.4% rise, the same as in March.

四月的消費者價格指數增長了0.2％，低於道瓊斯（Dow Jones）的0.3％上升經濟學家預期的，並且3月的下降幅度下降了-0.1％。在同比的同期中，CPI增長了2.3％，是2021年2月以來最慢的利率。經濟學家預測上升2.4％，與3月相同。

The year-over-year core CPI, which excludes volatile food and energy costs, increased by 2.8%, matching economists' predictions and remaining unchanged from March. On a monthly basis, core CPI increased by 0.2%, less than the 0.3% rise anticipated by economists.

不包括波動性食品和能源成本的同比核心CPI增加了2.8％，與經濟學家的預測相匹配，並且從3月開始保持不變。每月，Core CPI增加了0.2％，低於經濟學家預期的0.3％上升。

Bitcoin added modestly to some overnight gains, trading at $103,800 in the minutes following the fresh data. BTC/USD rose 0.33%.

比特幣適度地增加了一些過夜的收益，在新鮮數據後的幾分鐘內，比特幣的交易價格為103,800美元。 BTC/USD上漲0.33％。

U.S. stock index futures swung from small losses to small gains after the print and the 10-year Treasury yield dipped one basis point to 4.44%.

印刷後，美國股票指數期貨從小額損失轉為小額收益，而10年的國庫收益率下降了一個基點，達到4.44％。

Fed still likely on hold

美聯儲仍然可能被擱置

While the CPI numbers offer a bit of welcome evidence on slower inflation, they're not likely to change the calculus with respect to Federal Reserve rate cuts.

儘管CPI數字提供了有關通貨膨脹率較慢的可喜證據，但它們不太可能會隨著降低美聯儲的降低而改變微積分。

With the tariff panic getting further and further into the rearview mirror, market participants are quickly pulling bets on Fed easing action. According to CME FedWatch, there's currently just an 11% chance of a June rate cut, down from 80% one month ago.

隨著關稅恐慌越來越進一步進入後視鏡，市場參與者正在迅速賭注對美聯儲的輕鬆行動。根據CME FedWatch的數據，目前，6月份降低稅率的機會比一個月前的80％下降了11％。

Even July is no longer looking likely. There's currently a 62% chance the Fed remains on hold through that month versus just a 7% chance one month ago.

即使是七月也不再可能看起來。目前，美聯儲整個月的機會仍然有62％的機會，而一個月前的機會僅為7％。

Throughout the spring and at his post-meeting press conference last week, Fed Chair Jay Powell indicated the central bank is in no rush to take any action on rates. With the China tariff deal over the weekend and this fresh inflation news, that policy stance is looking more and more vindicated.

美聯儲主席傑伊·鮑威爾（Jay Powell）在上週的整個春季以及他的會議後新聞發布會上表示，中央銀行毫不費力地採取任何行動。隨著中國關稅在周末和新的通貨膨脹新聞中，這種政策立場看起來越來越有證明。