美国股市期货周四小幅走高，此前标准普尔500指数和纳斯达克综合指数在5月消费者通胀报告低于预期和美联储最新政策决定的支持下反弹至历史新高。在延长交易中，博通在超过第二财季预期并宣布1投10中后，股价飙升近15%。在周三的常规交易中，标准普尔500指数和纳斯达克综合指数分别上涨0.85%和1.53%，道琼斯指数下跌0.09%。大型科技公司领涨，苹果（2.9%）、英伟达（3.6%）、特斯拉（3.9%）、微软（1.9%）和甲骨文（13.3%）涨幅强劲。《经济预测摘要》显示，联邦公开市场委员会成员的预期今年平均单次降息25个基点，低于市场目前预计的两次降息。尽管当天早些时候的通胀报告低于预期，但这一鹰派修正还是出现了，总体通胀率意外下降，核心指标降幅超过预期。

US stock futures edged higher on Thursday after the S&P 500 and Nasdaq Composite rallied to new record highs on the back of cooler-than-expected May consumer inflation report and the latest Federal Reserve policy decision. In extended trading, Broadcom surged nearly 15% after topping fiscal second-quarter expectations and announcing a 10-for-1 split. In regular trading on Wednesday, the S&P 500 and Nasdaq Composite jumped 0.85% and 1.53%, respectively, while the Dow shed 0.09%. Mega-cap tech names led the charge, with strong gains from Apple (2.9%), Nvidia (3.6%), Tesla (3.9%), Microsoft (1.9%) and Oracle (13.3%). The Summary of Economic Projections indicated that FOMC member expectations averaged a single 25 bps rate cut this year, fewer than the two rate cuts markets are currently pricing in. This hawkish revision came despite a softer-than-expected inflation report earlier in the day, with headline inflation unexpectedly dropping and the core gauge falling more than anticipated.

美国股市周三涨跌互现，此前美联储如预期保持基金利率不变。标准普尔500指数上涨0.8%，纳斯达克综合指数上涨1.5%，均创下历史新高，道琼斯指数下跌35点。《经济预测摘要》显示，联邦公开市场委员会成员的预期今年平均单次降息25个基点，低于市场目前预计的两次降息。尽管当天早些时候的通胀报告低于预期，但这一鹰派修正还是出现了，总体通胀率意外下降，核心指标降幅超过预期。科技股领涨，美国国债大幅上涨提振了信贷敏感板块，而能源、消费必需品和公用事业股则落后。在大型股中，苹果上涨2.8%，英伟达上涨3.5%，微软上涨1.9%。在企业新闻中，在宣布与谷歌和OpenAI达成新的云协议后，甲骨文股价飙升13.3%，创下历史新高。

Stocks in the US finished mixed on Wednesday after the Federal Reserve left its funds rate on hold, as expected. The S&P 500 added 0.8% and the Nasdaq Composite advanced 1.5%, both notching new record highs, while the Dow lost 35 points. The Summary of Economic Projections indicated that FOMC member expectations averaged a single 25bps rate cut this year, fewer than the two rate cuts markets are currently pricing in. This hawkish revision came despite a softer-than-expected inflation report earlier in the day, with headline inflation unexpectedly dropping and the core gauge falling more than anticipated. Tech shares led the session, as sharp gains for Treasuries lifted credit-sensitive sectors while energy, consumer staples, and utility shares lagged. Among megacaps, Apple added 2.8%, Nvidia gained 3.5%, and Microsoft jumped 1.9%. In corporate news, Oracle shares surged 13.3% to an all-time high following the announcement of new cloud deals with Google and OpenAI.

周三，美国10年期国债收益率较盘中早些时候暴跌15个基点，徘徊在4.3%以下，此前美联储将其基金利率维持在5.25%-5.5%的区间不变。尽管联邦公开市场委员会成员上调了对未来两年未来利率的预测，但所有期限的国债仍保持上涨。这包括今年唯一降息25个基点的预期中值，而此前的预测为三次降息，目前的市场定价为两次降息。鹰派信号与通胀上调相结合，尽管今天的CPI显示5月份消费者价格有所回落。

The yield on the US 10-year Treasury note held its 15bps plunge from earlier in the session to hover below the 4.3% mark on Wednesday, after the Federal Reserve held its funds rate unchanged at the 5.25%-5.5% range, as expected. Treasuries across all maturities held their gains even though FOMC members upwardly revised their projections of future interest rates for the two upcoming years. This included median expectations of a sole 25bps rate cut this year, compared to previous forecasts of three cuts and current market pricing of two cuts. The hawkish signals were combined with upward revisions for inflation, even though today’s CPI print pointed to moderating consumer prices during May.

随着交易员消化联邦公开市场委员会的最新决定，美元指数在早盘跌至104.2点后，周三收复了一些失地，交易价格约为104.5点。政策制定者保持了美联储基金利率如预期的稳定，但表示今年只降息一次，低于3月份预期的四分之一个百分点的三次降息。然而，在2025年，美联储预计将进行四次削减，比之前概述的三次还要多。许多投资者希望美联储在2024年仍能至少减少两到三次，特别是在上个月通胀放缓超过预期之后。美元全面走软，但在法国总统马克龙宣布无论即将到来的选举结果如何，他都不会辞职后，随着欧洲政治不确定性的缓解，美元兑欧元出现了最大的抛售活动之一。

The dollar index pared some losses on Wednesday, trading around 104.5, after falling to as low as 104.2 early in the session, as traders digest the latest FOMC decision. Policymakers kept the fed funds rate steady as expected, but signaled only one rate cut this year, less than three cuts of a quarter-of-a-percentage-point expected back in March. For 2025 however, the Fed sees four cuts, more than three previously outlined. Many investors were hoping the Fed could still see at least two or three reductions in 2024, specially after inflation slowed more-than-expected last month. The dollar weakened across the board, but one of the biggest selling activity was recorded against the Euro as political uncertainties in Europe eased after French President Macron announced he would not resign regardless of the upcoming election results.