交易日鲍威尔不急于降息。交易日

TRADING DAY Powell in no rush to cut.TRADING DAY

美国股市周三收盘大多下跌，此前美联储在7月会议上保持利率不变，而投资者消化了一波盈利报告。标准普尔500指数下跌0.1%，道琼斯指数下跌171点，纳斯达克指数微涨0.2%。鲍威尔指出，美联储仍在评估特朗普关税上调对通胀的影响，这降低了对近期宽松政策的预期。利率决定并非一致通过，美联储理事米歇尔·鲍曼和克里斯托弗·沃勒反对降息25个基点。投资者还权衡了一批企业盈利：Humana、卡夫亨氏和Visa因业绩乐观而上涨，而星巴克尽管收入强劲，但仍下跌了1%以上。注意力转向了Meta和微软的盘后报告。与此同时，随着特朗普总统宣布对印度商品征收25%的关税，对巴西进口商品征收50%的关税，贸易紧张局势升级。

US equities closed mostly lower on Wednesday after the Federal Reserve left interest rates unchanged at its July meeting, while investors digested a wave of earnings reports. The S&P 500 slipped 0.1%, the Dow fell 171 points, while the Nasdaq edged higher by 0.2%. Powell noted the Fed is still evaluating the inflation impact of Trump’s tariff hikes, tempering expectations for near-term easing. The rate decision was not unanimous, with Fed governors Michelle Bowman and Christopher Waller dissenting in favor of a 25 basis-point cut. Investors also weighed a batch of corporate earnings: Humana, Kraft Heinz, and Visa rose on upbeat results, while Starbucks dropped over 1% despite stronger revenue. Attention turned to after-hours reports from Meta and Microsoft. Meanwhile, trade tensions escalated as President Trump announced a 25% tariff on Indian goods and a 50% tariff on Brazilian imports.

美国股市在周三最后一个交易小时收窄涨幅，此前美联储保持利率稳定，主席鲍威尔表示尚未就9月份的潜在降息做出决定。标准普尔500指数下跌0.4%，道琼斯指数下跌300多点，纳斯达克指数下跌0.2%，扭转了早些时候由强于预期的GDP报告推动的涨幅。鲍威尔指出，美联储仍在评估特朗普关税上调对通胀的影响，这降低了对近期宽松政策的预期。利率决定并非一致通过，美联储理事米歇尔·鲍曼和克里斯托弗·沃勒反对降息25个基点。投资者还权衡了一批企业盈利：Humana、卡夫亨氏和Visa因业绩乐观而上涨，而星巴克尽管收入强劲，但仍下跌了1%以上。注意力转向了Meta和微软的盘后报告。与此同时，随着特朗普总统宣布对印度商品征收25%的关税，对巴西进口商品征收50%的关税，贸易紧张局势升级。

US stocks in pared gains in the final trading hour Wednesday after the Federal Reserve held interest rates steady and Chair Powell signaled no decision had been made on a potential September cut. The S&P 500 slipped 0.4%, the Dow fell over 300 points, and the Nasdaq ticked lower by 0.2%, reversing earlier gains driven by a stronger-than-expected GDP report. Powell noted the Fed is still evaluating the inflation impact of Trump’s tariff hikes, tempering expectations for near-term easing. The rate decision was not unanimous, with Fed governors Michelle Bowman and Christopher Waller dissenting in favor of a 25 basis-point cut. Investors also weighed a batch of corporate earnings: Humana, Kraft Heinz, and Visa rose on upbeat results, while Starbucks dropped over 1% despite stronger revenue. Attention turned to after-hours reports from Meta and Microsoft. Meanwhile, trade tensions escalated as President Trump announced a 25% tariff on Indian goods and a 50% tariff on Brazilian imports.

周三，美元指数升至99.4附近，连续第五个交易日上涨，交易员对美联储的最新政策决定做出了回应。正如预期的那样，美联储将联邦基金利率稳定在4.25%-4.5%，但修改了其经济前景，指出最近的指标表明，今年上半年经济活动有所放缓，这与早些时候的评估不同，即经济增长“稳健”。值得注意的是，两位州长投票赞成降息，这是自1993年以来首次有两名成员反对委员会的多数决定，这加剧了市场对今年晚些时候降息的预期

The dollar index strengthened to near 99.4 on Wednesday, rising for a fifth consecutive session as traders responded to the Federal Reserve’s latest policy decision. As expected, the Fed held the federal funds rate steady at 4.25%–4.5%, but revised its economic outlook, noting that recent indicators suggest a moderation in economic activity during the first half of the year—departing from earlier assessments that growth was proceeding 'at a solid pace.' Notably, two governors voted in favor of a rate cut—the first time since 1993 that two members dissented from the committee’s majority decision—fueling market expectations of a rate cut later this year