US Inflation Falls As Expected In April, Bolsters Fed Rate Cut Bets
US Inflation Falls As Expected In April, Bolsters Fed Rate Cut Bets
U.S. inflation data for April came in broadly in line with analyst estimates Wednesday, breaking a concerning three-month streak of higher-than-expected readings and reigniting hopes for a return to the Federal Reserve's 2% inflation target.
美國4月份的通脹數據與分析師週三的估計基本一致，打破了令人擔憂的連續三個月高於預期的數據，並重新點燃了聯儲局恢復2％通脹目標的希望。
Last month, the Consumer Price Index (CPI) showed a year-over-year increase of 3.4%.
上個月，消費者價格指數（CPI）同比增長3.4％。
Before the inflation report, traders expected the Fed to reduce interest rates by 50 basis points (two 25-basis-point cuts) by the end of the year, beginning in September. The benign April inflation report could further reinforce those expectations.
在通脹報告發布之前，交易員預計，聯儲局將從9月開始在年底之前將利率降低50個點子（兩次下調25個點子）。4月份溫和的通貨膨脹報告可能會進一步強化這些預期。
Simultaneously, the U.S. Census Bureau reported flat monthly growth in retail sales for April, sharply slowing from the downwardly revised 0.6% rise and missing the estimate of 0.4%. When excluding autos, retail sales advanced at a 0.2% pace, decelerating from the previous 0.9% increase but matching the expected 0.2% rise.
同時，美國人口普查局報告稱，4月份零售銷售月度增長持平，與向下修正的0.6％相比大幅放緩，未達到0.4％的預期。不包括汽車，零售額以0.2％的速度增長，低於之前的0.9％的增長，但與預期的0.2％的增長相當。
April CPI Report: Key Highlights
四月消費者價格指數報告：主要亮點
- The headline CPI inflation rate surged by 3.4% in April compared to the same month last year, down from 3.5% in March and in line with the forecasted 3.4% increase.
- On a monthly basis, headline CPI inflation increased by 0.3%, decelerating from the previous 0.4% and missing the predicted 0.4%.
- Notably, gasoline experienced a 2.8% surge in April, accelerating from 1.5% in March.
- Excluding energy and food, the core CPI inflation rate eased from 3.8% to 3.6% year-over-year, matching the expected 3.6%.
- On a monthly basis, core CPI inflation rose by 0.3%, slightly below the previous 0.4% but in line with estimates.
- Shelter rose 0.4%, maintaining the same pace as in March.
- 與去年同月相比，4月份的總體消費者價格指數通貨膨脹率飆升了3.4％，低於3月份的3.5％，與預期的3.4％的增幅一致。
- 按月計算，總體消費者價格指數通脹率增長了0.3％，低於之前的0.4％，未達到預期的0.4％。
- 值得注意的是，4月份汽油價格上漲了2.8％，高於3月份的1.5％。
- 不包括能源和食品，核心消費者價格指數通貨膨脹率同比從3.8％降至3.6％，與預期的3.6％相符。
- 按月計算，核心消費者價格指數通脹率上漲0.3％，略低於之前的0.4％，但與預期一致。
- 避難所上漲了0.4％，與3月份持平。
| Category | April | Forecasted | March |
|---|---|---|---|
| Headline CPI (YoY) | 3.4% | 3.4% | 3.5% |
| Headline CPI (MoM) | 0.3% | 0.4% | 0.4% |
| Core CPI (YoY) | 3.6% | 3.6% | 3.8% |
| Core CPI (MoM) | 0.3% | 0.3% | 0.4% |
| 類別 | 四月 | 已預測 | 三月 |
|---|---|---|---|
| 總體消費者價格指數（同比） | 3.4% | 3.4% | 3.5% |
| 總體消費者價格指數（月度） | 0.3% | 0.4% | 0.4% |
| 核心消費者價格指數（同比） | 3.6% | 3.6% | 3.8% |
| 核心消費者價格指數（月度） | 0.3% | 0.3% | 0.4% |
Market Reactions: Yields, Dollar Drop, Stock Futures Jump
市場反應：收益率、美元下跌、股票期貨上漲
Immediate market reactions to the April inflation report saw Treasury yields easing across the board, with the rate-sensitive two-year yield retreating to 4.72%, crucially breaking below its 200-day moving average.
市場對4月份通脹報告的直接反應使美國國債收益率全面放鬆，對利率敏感的兩年期國債收益率回落至4.72％，嚴重跌破了200天移動平均線。
The U.S. dollar index (DXY), closely tracked by the Invesco DB USD Index Bullish Fund ETF (NYSE:UUP), weakened by 0.5%.
景順數據庫美元指數看漲基金ETF（紐約證券交易所代碼：UUP）密切關注的美元指數（DXY）下跌0.5％。
Futures on major U.S. equity indices turned to gains during premarket trading. The tech-heavy Nasdaq 100 index, tracked by the Invesco QQQ Trust (NASDAQ:QQQ), closed at an all-time high on Wednesday.
在盤前交易中，美國主要股指的期貨轉爲上漲。景順QQ信託基金（納斯達克股票代碼：QQQ）追蹤的以科技股爲主的納斯達克100指數週三收於歷史新高。
Read now: Wall Street Futures Pause As April Inflation Worries Eclipse Meme Stock Mania 2.0: Why This Analyst Bets May Will Be 'Strong Month'
立即閱讀： 由於四月份的通脹擔憂，華爾街期貨暫停 Eclipse Meme Stock Mania 2.0：爲什麼這個分析師押注可能是 “強勁的月份”
Photo via Shutterstock.
照片來自 Shutterstock。
譯文內容由第三人軟體翻譯。