<p><strong>Circle Internet</strong>(CRCL 17.86%) 的股票在周四大幅上涨，收盘时上涨了 17.8%。这一上涨与 <strong>标准普尔 500 指数</strong>(^GSPC 0.85%) 和 <strong>纳斯达克综合指数</strong>(^IXIC 0.72%) 分别上涨 0.8% 和 0.7% 有关。</p>
<p>最新的消费者物价指数（CPI）数据今晨发布，显示 8 月份的通胀率高于预期。然而，这份报告被近四年来未见的每周失业数据所掩盖。</p>
<h2>降息似乎在所难免</h2>
<p>美联储在下周的利率决策前获得了最后一份数据，而这些数字却呈现出矛盾的故事。8 月份的 CPI 高于预期，但劳工部发布的每周报告显示，失业救济申请人数显著增加，达到自 2021 年 10 月以来的最高水平。</p>
<p>这使得美联储主席鲍威尔面临挑战，因为数据朝两个方向指引。然而，目前看来，美联储可能会将就业视为主要问题并降息。</p>
<p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MzMyNzcvY2lyY2xlLmpwZyZ3PTcwMA?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MzMyNzcvY2lyY2xlLmpwZyZ3PTcwMA"/></p>
<p>图片来源：Getty Images。</p>
<p>较低的利率往往会刺激对风险资产如加密货币和成长股的投资。这意味着 Circle 的股票在投资者预期加密货币将受益于低利率时，获得了显著的提升。</p>
<h2>Circle 的估值偏高</h2>
<p>尽管 Circle 的股票自 6 月首次公开募股后峰值下跌近 50%，但我仍然认为这家稳定币提供商的股票价格仍然偏高。尽管我相信稳定币市场将显著增长，但我仍然认为目前的增长预期过于乐观。Circle 的前瞻市盈率（P/E）超过 120。</p>

CRCL

<p>Circle Internet (CRCL) 的股价在整体市场上涨的背景下飙升了 17.8%，尽管最新的消费者物价指数 (CPI) 和失业申请显示出经济信号混杂。CPI 指出通胀高于预期，而失业申请则达到了自 2021 年 10 月以来的最高水平。这些矛盾的数据暗示美联储可能会降息，这可能有利于加密货币和成长型股票等风险资产。然而，Circle 的估值仍然较高，前瞻市盈率超过 120，表明增长预期可能过于乐观</p>

<p>Shares of <strong>Circle Internet</strong>(CRCL 17.86%) jumped on Thursday, finishing the day up 17.8%. The rise came as the <strong>S&amp;P 500</strong>(^GSPC 0.85%) and <strong>Nasdaq Composite</strong>(^IXIC 0.72%) gained 0.8% and 0.7%, respectively.</p>
<div class="lb-trans"><p><strong>Circle Internet</strong>(CRCL 17.86%) 的股票在周四大幅上涨，收盘时上涨了 17.8%。这一上涨与 <strong>标准普尔 500 指数</strong>(^GSPC 0.85%) 和 <strong>纳斯达克综合指数</strong>(^IXIC 0.72%) 分别上涨 0.8% 和 0.7% 有关。</p>
</div><p>The latest Consumer Price Index (CPI) data was released this morning, showing inflation rose more than expected in August. The report was overshadowed, however, by weekly unemployment numbers not seen in nearly four years.</p>
<div class="lb-trans"><p>最新的消费者物价指数（CPI）数据今晨发布，显示 8 月份的通胀率高于预期。然而，这份报告被近四年来未见的每周失业数据所掩盖。</p>
</div><h2>Rate cuts look likely</h2>
<div class="lb-trans"><h2>降息似乎在所难免</h2>
</div><p>The Federal Reserve just got its final piece of data before next week's rate decision, and the numbers tell a conflicting story. August's CPI came in hotter than expected, but the Labor Department released its weekly report, showing jobless claims ticked up significantly more than economists expected, hitting their highest level since October 2021.</p>
<div class="lb-trans"><p>美联储在下周的利率决策前获得了最后一份数据，而这些数字却呈现出矛盾的故事。8 月份的 CPI 高于预期，但劳工部发布的每周报告显示，失业救济申请人数显著增加，达到自 2021 年 10 月以来的最高水平。</p>
</div><p>This puts Fed chair Powell in a challenging position, with data pointing in both directions. However, it appears likely at this point that the Fed will treat employment as the primary issue and cut rates.</p>
<div class="lb-trans"><p>这使得美联储主席鲍威尔面临挑战，因为数据朝两个方向指引。然而，目前看来，美联储可能会将就业视为主要问题并降息。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MzMyNzcvY2lyY2xlLmpwZyZ3PTcwMA" alt="" original-src="https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F833277%2Fcircle.jpg&amp;op=resize&amp;w=700"/></p>
<p>Image source: Getty Images.</p>
<div class="lb-trans"><p>图片来源：Getty Images。</p>
</div><p>Lower rates tend to spur investment in riskier assets like crypto and growth stocks. That meant Circle stock saw a significant boost as investors anticipated that crypto would benefit from lower rates.</p>
<div class="lb-trans"><p>较低的利率往往会刺激对风险资产如加密货币和成长股的投资。这意味着 Circle 的股票在投资者预期加密货币将受益于低利率时，获得了显著的提升。</p>
</div><h2>Circle's valuation is high</h2>
<div class="lb-trans"><h2>Circle 的估值偏高</h2>
</div><p>Though Circle's stock has fallen nearly 50% from its peak shortly following its IPO in June, shares of the stablecoin provider still seem pricey to me. Though I believe the stablecoin market will grow significantly, I still think too much growth is priced in already. Circle's forward price-to-earnings ratio (P/E) is more than 120.</p>
<div class="lb-trans"><p>尽管 Circle 的股票自 6 月首次公开募股后峰值下跌近 50%，但我仍然认为这家稳定币提供商的股票价格仍然偏高。尽管我相信稳定币市场将显著增长，但我仍然认为目前的增长预期过于乐观。Circle 的前瞻市盈率（P/E）超过 120。</p>
</div>

Why Did Circle Internet Stock (CRCL) Skyrocket Today?

- Circle Internet 股价上涨 17.8%，受 S&P 500 和 Nasdaq 上涨影响。  
- 最新消费者物价指数显示 8 月通胀超预期，失业申请数量显著上升。  
- 美联储可能会降息，预计将刺激风险资产投资。  

为什么 Circle 互联网股票（CRCL）今天大幅上涨？