通货膨胀会冷却，但对美联储不够冷

随着交易员在美联储枢纽的推测，比特币和以太坊在CPI惊喜之后激增，但更广泛的通货膨胀叙事仍然不确定。

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.

四月消费者价格指数（CPI）报告令人惊讶，年通货膨胀率低于预期，几个月来首次低于预测。

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.

结果，比特币（BTC）和以太坊（ETH）价格响应于意外的CPI数据，交易者认为这增加了美联储枢纽的机会。然而，尽管加密货币的简短集会，但更广泛的通货膨胀叙事仍然不确定，而且市场不一定不在树林之外。

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

这是报告中关键要点的细分，加密货币的反应如何以及为什么对市场仍然有担忧。

Inflation Cools, But Not Cold Enough for the Fed

通货膨胀会冷却，但对美联储不够冷

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数字显示，同比增长了2.3％，低于彭博（Bloomberg）民意调查中经济学家的2.4％预测，并标志着自2021年2月以来的读数最低。

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，标题和核心CPI均提高0.2％，比3月的速度慢，也低于经济学家的这两种措施的估计值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.

这标志着两年来最低的年度通货膨胀印刷品，这是一个积极的发展，但这是一个谨慎的发展。美联储的2％通货膨胀目标仍然遥不可及，而粘性通货膨胀仍然是市场的重点，美联储的任何枢纽仍然不确定。

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

但是，任何冷却通货膨胀的迹象都足以为风险资产（例如加密货币）提供一些缓解。

The Trump Tariff Factor

特朗普关税因素

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.

尽管CPI数字的幅度低于预期，但值得注意的是，这可能部分反映了特朗普总统最近采取的征收关税。例如，中国技术的关税从145％削减到30％，并宣布了90天的停顿，对太阳能电池板和洗衣机的关税宣布。

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.

经济学家认为，关税对美国通货膨胀的全部影响尚待实现，因为进口商可能在关税生效之前购买了前越行动以将商品送入该国。这可能导致一年晚些时候通货膨胀率激增。

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.

正如美联储总统所指出的那样，他们现在处于“等待”模式，以评估不断发展的经济趋势并相应地调整其货币政策。

"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.

巴克莱私人银行（Barclays Private Bank）首席市场策略师朱利安·拉法格（Julien Lafargue）在一封电子邮件中说：“实际上，四月份的数据可能在很大程度上不受特朗普总统在解放日的公告的影响。”

"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."

“这是因为对4月2日之前离开出口国的商品授予了豁免，并且由于消费者和企业在2月和3月急于获得前进的关税。因此，美联储和全球投资者仍然需要更具耐心的耐心，然后才能正确评估贸易不确定性对消费者价格的影响。”

Crypto Spikes, Shorts Liquidated

加密尖峰，短裤清算

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.

在关键的CPI数据发布之前，加密货币价格谨慎交易，随着每个人都为报告的影响而努力，比特币徘徊在102,000美元之间。

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

在4月CPI数据发布后，加密货币价格迅速做出了回应，比特币和以太坊都表现出很大的收益。

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

CPI阅读后，比特币飙升至103,645美元左右，而以太坊以更高的价格以大约2,503美元的价格交易。

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

此举是谦虚但很重要的，因为交易者认为CPI失误增加了美联储关键的利率机会。

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.

如果美联储的立场突然发生变化，这可能会对市场产生重大影响，那么加密货币的迅速价格飙升正是预期的。

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，真正的通货膨胀斗争还没有结束，并且仍然存在可能在未来几个月内影响市场的担忧。

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

请继续关注有关最新加密和市场趋势的更多更新。

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

当交易员推测FED Pivot时，CPI令人惊讶的CPI燃料比特币价格峰值首先出现在隐板板岩上。

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

当交易员推测Fed Pivot首次出现在Benzinga上时，CPI令人惊讶的CPI燃料比特币价格飙升。