美国美联储保持稳定，消除了通货膨胀的“进度”

随之而来的政策声明指出，失业率在“低水平”和通货膨胀上稳定在“某种程度上有所提高”。

The U.S. Federal Reserve kept its benchmark fed funds range rate steady at 4.25%-4.50% on Wednesday, as expected, pausing for the first time since it began easing policy last September.

如预期的那样，美国美联储将其基准美联储资金范围稳定在周三的4.25％-4.50％处，自从去年9月开始放松政策以来，这是第一次停顿。

The accompanying policy statement noted that the unemployment rate had stabilized at a "low level" and inflation remained "somewhat elevated."

随之而来的政策声明指出，失业率在“低水平”和通货膨胀上稳定在“某种程度上有所提高”。

The wording was hawkish as it removed last month's reference to "progress" on inflation moving to its 2% target.

该措辞是霍克什（Hawkish），因为它消除了上个月对通货膨胀转移到其2％目标的“进度”的提及。

Under pressure for most of this week, the price of bitcoin (BTC) dipped to $101,800 shortly following the news.

在本周大部分时间的压力下，新闻后不久，比特币（BTC）的价格下跌至101,800美元。

U.S. stocks added to the day's losses, with the Nasdaq down 1.1% and the S&P 500 lower by 0.9%. The dollar and gold were little-changed and the 10-year Treasury yield rose 5 basis points to 4.59%.

美国股票增加了当天的损失，纳斯达克股票下跌1.1％，标准普尔500指数降低了0.9％。美元和黄金几乎没有变化，十年期财政收益率上升了5个基点，达到4.59％。

Since the Fed's first September rate cut, the fed funds rate has been slashed by 100 basis points. The U.S. 10-year Treasury yield, however, has gone in the opposite direction, rising to 4.6% fro 3.6% — a divergence between short-term and long-term rates that rarely has been seen.

自从美联储的第一个9月降低税率以来，美联储资金利率已被削减100个基点。然而，美国10年的财政收益率朝着相反的方向发展，上升至3.6％，这是很少见到的短期和长期利率之间的差异。

That divergence as well as a series of stronger than expected reports on the economy and inflation has not been lost on the Fed. Following the bank's December meeting, Chair Jerome Powell made clear that any further rate cuts — at least for the moment — were on hold.

美联储的差异以及一系列关于经济和通货膨胀的预期报告还没有损失。银行12月的会议之后，主席杰罗姆·鲍威尔（Jerome Powell）明确表示，至少目前的任何进一步降低税率都被搁置了。

Powell's post-meeting press conference begins shortly, at which market participants will look for further guidance about future policy.

鲍威尔的会议邮政新闻发布会很快就开始了，市场参与者将在其中寻求有关未来政策的进一步指导。