<p><img src="https://pub.pbkrs.com/uploads/2025/101a06f11f5e9e9c0d4366867bc191b0?x-oss-process=style/lg" alt="" width="1152" height="720" original-src="https://pub.pbkrs.com/uploads/2025/101a06f11f5e9e9c0d4366867bc191b0"/></p>
<p>美国股市在周四上涨，投资者忽视了混合的通胀数据和失业救济申请的激增，押注美联储将在下周继续降息。</p>
<p>道琼斯工业平均指数上涨 115 点，涨幅为 0.2%。标准普尔 500 指数上涨 0.3%，纳斯达克综合指数上涨 0.4%。</p>
<p>根据劳工统计局的数据，8 月份消费者价格指数显示月度增长 0.4%，高于预期的 0.3%。</p>
<p>此次通胀数据发布紧随周三的生产者价格指数报告，该报告显示月度下降 0.1%，年度增长 2.6%。</p>
<p>劳动力市场数据进一步显示经济降温的迹象。</p>
<p>截至 9 月 6 日的一周，初请失业救济人数增加了 27,000，调整后为 263,000，达到 2021 年以来的最高水平，远高于预期的 235,000。</p>
<p>尽管数据不均，交易员仍然对美联储在 9 月 17 日的会议上将基准利率下调 25 个基点保持信心，依据 CME FedWatch 工具。</p>
<p>更大幅度的半点降息的可能性也有所上升。</p>
<h2>消费者价格小幅上涨</h2>
<p>美国 8 月份核心通胀符合预期，令美联储有望在下周降息。</p>
<p>根据周四发布的劳工统计局数据，剔除食品和能源的核心消费者价格指数较 7 月份上涨 0.3%。</p>
<p>核心 CPI 是美联储官员密切关注的基础通胀指标。</p>
<p>年度核心通胀率保持在 3.1%，高于中央银行 2% 的目标。</p>
<p>包括这些成分在内，整体 CPI 上涨 0.4%，是今年迄今为止最大的月度增幅。</p>
<p>道琼斯调查的经济学家预计，整体 CPI 本月将上涨 0.3%，同比上涨 2.9%。</p>
<p>剔除食品和能源的商品价格加速上涨，主要受新车和二手车、服装及家电成本上升的推动。在服务方面，机票价格创下三年多以来的最大涨幅。</p>
<p>数据显示通胀压力依然存在，特朗普总统施加的关税影响了某些商品的价格，而服务成本的上升则增加了整体的持续性。</p>
<p>尽管如此，市场普遍预计美联储将在下周的会议上宣布今年首次降息，此前一系列疲软的劳动力市场报告。</p>
<p>然而，通胀的持续强劲可能会使后续会议的降息前景变得复杂。</p>
<h2>美国失业救济申请增加</h2>
<p>上周美国失业救济申请大幅上升，达到近四年来的最高水平，预示着随着招聘放缓，劳动力市场可能出现疲软。</p>
<p>截至 9 月 6 日的一周，初请失业救济人数增加了 27,000，达到 263,000，为 2021 年 10 月以来的最高水平，根据周四发布的劳工部数据。</p>
<p>彭博社调查的经济学家预计申请人数为 235,000。</p>
<p>该数据紧随 9 月 5 日的就业报告，该报告显示美国 8 月份仅新增 22,000 个就业岗位，延续了近期招聘放缓的趋势。</p>
<p>经济学家指出，特朗普总统的经济政策的不确定性导致雇主在 2025 年保持谨慎。</p>
<p>虽然每周申请人数在假期期间可能会波动，包括劳动节周末，但四周移动平均数——一个更平滑的指标——上升至 240,500，为 6 月份以来的最高水平。</p>

<p>美国股市在周四开盘走高，纳斯达克指数上涨 0.4%，标准普尔 500 指数上涨 0.3%，投资者预计美联储下周将降息。尽管通胀数据喜忧参半，失业救济申请人数上升，道琼斯指数仍增加了 115 点。8 月份消费者物价指数显示上涨 0.4%，而初次申请失业救济人数上升至 263,000，为 2021 年以来的最高水平。尽管通胀压力持续，美联储预计将在经济降温的迹象下降息</p>

<p><img src="https://pub.pbkrs.com/uploads/2025/101a06f11f5e9e9c0d4366867bc191b0?x-oss-process=style/lg" alt="" original-src="https://pub.pbkrs.com/uploads/2025/101a06f11f5e9e9c0d4366867bc191b0"/></p>
<p>US stocks rose on Thursday as investors looked past mixed inflation data and a jump in jobless claims, betting that the Federal Reserve will move ahead with an interest rate cut next week.</p>
<div class="lb-trans"><p>美国股市在周四上涨，投资者忽视了混合的通胀数据和失业救济申请的激增，押注美联储将在下周继续降息。</p>
</div><p>The Dow Jones Industrial Average added 115 points, or 0.2%. The S&amp;P 500 advanced 0.3%, while the Nasdaq Composite gained 0.4%.</p>
<div class="lb-trans"><p>道琼斯工业平均指数上涨 115 点，涨幅为 0.2%。标准普尔 500 指数上涨 0.3%，纳斯达克综合指数上涨 0.4%。</p>
</div><p>The August consumer price index showed a 0.4% monthly increase, above the 0.3% forecast, according to the Bureau of Labor Statistics.</p>
<div class="lb-trans"><p>根据劳工统计局的数据，8 月份消费者价格指数显示月度增长 0.4%，高于预期的 0.3%。</p>
</div><p>The inflation release followed Wednesday’s producer price index report, which showed a 0.1% monthly decline and a 2.6% annual increase.</p>
<div class="lb-trans"><p>此次通胀数据发布紧随周三的生产者价格指数报告，该报告显示月度下降 0.1%，年度增长 2.6%。</p>
</div><p>Labor market data added to the picture of a cooling economy.</p>
<div class="lb-trans"><p>劳动力市场数据进一步显示经济降温的迹象。</p>
</div><p>Initial jobless claims for the week ended September 6 rose by 27,000 to a seasonally adjusted 263,000, the highest level since 2021 and well above the 235,000 forecast.</p>
<div class="lb-trans"><p>截至 9 月 6 日的一周，初请失业救济人数增加了 27,000，调整后为 263,000，达到 2021 年以来的最高水平，远高于预期的 235,000。</p>
</div><p>Despite the uneven data, traders remain confident the Fed will reduce its benchmark rate by a quarter point at its September 17 meeting, according to the CME FedWatch tool.</p>
<div class="lb-trans"><p>尽管数据不均，交易员仍然对美联储在 9 月 17 日的会议上将基准利率下调 25 个基点保持信心，依据 CME FedWatch 工具。</p>
</div><p>Odds of a larger half-point cut also edged higher.</p>
<div class="lb-trans"><p>更大幅度的半点降息的可能性也有所上升。</p>
</div><h2>Consumer prices inch up</h2>
<div class="lb-trans"><h2>消费者价格小幅上涨</h2>
</div><p>US underlying inflation rose in line with expectations in August, leaving the Federal Reserve on course to cut interest rates next week.</p>
<div class="lb-trans"><p>美国 8 月份核心通胀符合预期，令美联储有望在下周降息。</p>
</div><p>The core consumer price index, which excludes food and energy, increased 0.3% from July, according to Bureau of Labor Statistics data released Thursday.</p>
<div class="lb-trans"><p>根据周四发布的劳工统计局数据，剔除食品和能源的核心消费者价格指数较 7 月份上涨 0.3%。</p>
</div><p>Core CPI is closely watched by Fed officials as a measure of underlying inflation.</p>
<div class="lb-trans"><p>核心 CPI 是美联储官员密切关注的基础通胀指标。</p>
</div><p>The annual core rate held at 3.1%, above the central bank’s 2% target.</p>
<div class="lb-trans"><p>年度核心通胀率保持在 3.1%，高于中央银行 2% 的目标。</p>
</div><p>Including those components, headline CPI climbed 0.4%, the largest monthly gain so far this year.</p>
<div class="lb-trans"><p>包括这些成分在内，整体 CPI 上涨 0.4%，是今年迄今为止最大的月度增幅。</p>
</div><p>Economists polled by Dow Jones had expected headline CPI to rise 0.3% on the month and 2.9% from a year earlier.</p>
<div class="lb-trans"><p>道琼斯调查的经济学家预计，整体 CPI 本月将上涨 0.3%，同比上涨 2.9%。</p>
</div><p>Prices for goods excluding food and energy accelerated, driven by higher costs for new and used vehicles, apparel, and appliances. In services, airfares posted the sharpest increase in more than three years.</p>
<div class="lb-trans"><p>剔除食品和能源的商品价格加速上涨，主要受新车和二手车、服装及家电成本上升的推动。在服务方面，机票价格创下三年多以来的最大涨幅。</p>
</div><p>The data indicate inflationary pressures remain, with tariffs imposed by President Donald Trump influencing prices of certain goods, while higher service costs add to overall persistence.</p>
<div class="lb-trans"><p>数据显示通胀压力依然存在，特朗普总统施加的关税影响了某些商品的价格，而服务成本的上升则增加了整体的持续性。</p>
</div><p>Despite that, the Fed is widely expected to deliver its first rate cut of the year at next week’s meeting, following a series of weaker labour market reports.</p>
<div class="lb-trans"><p>尽管如此，市场普遍预计美联储将在下周的会议上宣布今年首次降息，此前一系列疲软的劳动力市场报告。</p>
</div><p>However, sustained strength in inflation could complicate the outlook for additional cuts at later meetings.</p>
<div class="lb-trans"><p>然而，通胀的持续强劲可能会使后续会议的降息前景变得复杂。</p>
</div><h2>US jobless claims go up</h2>
<div class="lb-trans"><h2>美国失业救济申请增加</h2>
</div><p>Applications for US unemployment benefits rose sharply last week to the highest level in nearly four years, signalling potential weakness in the labour market as hiring slows.</p>
<div class="lb-trans"><p>上周美国失业救济申请大幅上升，达到近四年来的最高水平，预示着随着招聘放缓，劳动力市场可能出现疲软。</p>
</div><p>Initial jobless claims increased by 27,000 to 263,000 in the week ended September 6, the highest reading since October 2021, according to Labor Department data released Thursday.</p>
<div class="lb-trans"><p>截至 9 月 6 日的一周，初请失业救济人数增加了 27,000，达到 263,000，为 2021 年 10 月以来的最高水平，根据周四发布的劳工部数据。</p>
</div><p>Economists surveyed by Bloomberg had expected 235,000 applications.</p>
<div class="lb-trans"><p>彭博社调查的经济学家预计申请人数为 235,000。</p>
</div><p>The data followed the September 5 employment report, which showed the US added just 22,000 jobs in August, extending the slowdown in hiring seen in recent months.</p>
<div class="lb-trans"><p>该数据紧随 9 月 5 日的就业报告，该报告显示美国 8 月份仅新增 22,000 个就业岗位，延续了近期招聘放缓的趋势。</p>
</div><p>Economists note that uncertainty over President Donald Trump’s economic policies has contributed to employer caution in 2025.</p>
<div class="lb-trans"><p>经济学家指出，特朗普总统的经济政策的不确定性导致雇主在 2025 年保持谨慎。</p>
</div><p>While weekly claims can be volatile around holidays, including the Labor Day weekend, the four-week moving average—a smoother measure—climbed to 240,500, its highest level since June.</p>
<div class="lb-trans"><p>虽然每周申请人数在假期期间可能会波动，包括劳动节周末，但四周移动平均数——一个更平滑的指标——上升至 240,500，为 6 月份以来的最高水平。</p>
</div>

US stocks open in the green after CPI data: Nasdaq jumps 0.4%, S&P up 0.3%

- 美国股市周四上涨，投资者对混合的通胀数据和失业救济申请持乐观态度。  
- 8 月消费者物价指数环比上涨 0.4%，高于预期的 0.3%。  
- 初请失业金人数增至 263,000，创 2021 年以来新高，显示劳动力市场疲软。  

美国股市在 CPI 数据公布后开盘走高：纳斯达克指数上涨 0.4%，标准普尔 500 指数上涨 0.3%