通货膨胀在四月份减轻了一些，而同比的标题消费者价格指数率降至四年多来的速度最慢。

通货膨胀在四月份减轻了一些，而同比的标题消费者价格指数率降至四年多来的速度最慢。

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

根据劳工统计局周三的数据，消费者的价格上涨比4月的预期速度差一些。

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.

四月的消费者价格指数增长了0.2％，低于道琼斯（Dow Jones）的0.3％上升经济学家预期的，并且3月的下降幅度下降了-0.1％。在同比的同期中，CPI增长了2.3％，是2021年2月以来最慢的利率。经济学家预测上升2.4％，与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.

不包括波动性食品和能源成本的同比核心CPI增加了2.8％，与经济学家的预测相匹配，并且从3月开始保持不变。每月，Core CPI增加了0.2％，低于经济学家预期的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%.

比特币适度地增加了一些过夜的收益，在新鲜数据后的几分钟内，比特币的交易价格为103,800美元。 BTC/USD上涨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%.

印刷后，美国股票指数期货从小额损失转为小额收益，而10年的国库收益率下降了一个基点，达到4.44％。

Fed still likely on hold

美联储仍然可能被搁置

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.

尽管CPI数字提供了有关通货膨胀率较慢的可喜证据，但它们不太可能会随着降低美联储的降低而改变微积分。

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.

随着关税恐慌越来越进一步进入后视镜，市场参与者正在迅速赌注对美联储的轻松行动。根据CME FedWatch的数据，目前，6月份降低税率的机会比一个月前的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来。目前，美联储整个月的机会仍然有62％的机会，而一个月前的机会仅为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.

美联储主席杰伊·鲍威尔（Jay Powell）在上周的整个春季以及他的会议后新闻发布会上表示，中央银行毫不费力地采取任何行动。随着中国关税在周末和新的通货膨胀新闻中，这种政策立场看起来越来越有证明。