<p><strong>Circle Internet</strong>(CRCL 17.86%) 的股票在週四大幅上漲，收盤時上漲了 17.8%。這一上漲與 <strong>標準普爾 500 指數</strong>(^GSPC 0.85%) 和 <strong>納斯達克綜合指數</strong>(^IXIC 0.72%) 分別上漲 0.8% 和 0.7% 有關。</p>
<p>最新的消費者物價指數（CPI）數據今晨發佈，顯示 8 月份的通脹率高於預期。然而，這份報告被近四年來未見的每週失業數據所掩蓋。</p>
<h2>降息似乎在所難免</h2>
<p>美聯儲在下週的利率決策前獲得了最後一份數據，而這些數字卻呈現出矛盾的故事。8 月份的 CPI 高於預期，但勞工部發布的每週報告顯示，失業救濟申請人數顯著增加，達到自 2021 年 10 月以來的最高水平。</p>
<p>這使得美聯儲主席鮑威爾面臨挑戰，因為數據朝兩個方向指引。然而，目前看來，美聯儲可能會將就業視為主要問題並降息。</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>圖片來源：Getty Images。</p>
<p>較低的利率往往會刺激對風險資產如加密貨幣和成長股的投資。這意味着 Circle 的股票在投資者預期加密貨幣將受益於低利率時，獲得了顯著的提升。</p>
<h2>Circle 的估值偏高</h2>
<p>儘管 Circle 的股票自 6 月首次公開募股後峯值下跌近 50%，但我仍然認為這家穩定幣提供商的股票價格仍然偏高。儘管我相信穩定幣市場將顯著增長，但我仍然認為目前的增長預期過於樂觀。Circle 的前瞻市盈率（P/E）超過 120。</p>

CRCL

<p>Circle Internet (CRCL) 的股價在整體市場上漲的背景下飆升了 17.8%，儘管最新的消費者物價指數 (CPI) 和失業申請顯示出經濟信號混雜。CPI 指出通脹高於預期，而失業申請則達到了自 2021 年 10 月以來的最高水平。這些矛盾的數據暗示美聯儲可能會降息，這可能有利於加密貨幣和成長型股票等風險資產。然而，Circle 的估值仍然較高，前瞻市盈率超過 120，表明增長預期可能過於樂觀</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%) 的股票在週四大幅上漲，收盤時上漲了 17.8%。這一上漲與 <strong>標準普爾 500 指數</strong>(^GSPC 0.85%) 和 <strong>納斯達克綜合指數</strong>(^IXIC 0.72%) 分別上漲 0.8% 和 0.7% 有關。</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>最新的消費者物價指數（CPI）數據今晨發佈，顯示 8 月份的通脹率高於預期。然而，這份報告被近四年來未見的每週失業數據所掩蓋。</p>
</div><h2>Rate cuts look likely</h2>
<div class="lb-trans"><h2>降息似乎在所難免</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>美聯儲在下週的利率決策前獲得了最後一份數據，而這些數字卻呈現出矛盾的故事。8 月份的 CPI 高於預期，但勞工部發布的每週報告顯示，失業救濟申請人數顯著增加，達到自 2021 年 10 月以來的最高水平。</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>這使得美聯儲主席鮑威爾面臨挑戰，因為數據朝兩個方向指引。然而，目前看來，美聯儲可能會將就業視為主要問題並降息。</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>圖片來源：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>較低的利率往往會刺激對風險資產如加密貨幣和成長股的投資。這意味着 Circle 的股票在投資者預期加密貨幣將受益於低利率時，獲得了顯著的提升。</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>儘管 Circle 的股票自 6 月首次公開募股後峯值下跌近 50%，但我仍然認為這家穩定幣提供商的股票價格仍然偏高。儘管我相信穩定幣市場將顯著增長，但我仍然認為目前的增長預期過於樂觀。Circle 的前瞻市盈率（P/E）超過 120。</p>
</div>

Why Did Circle Internet Stock (CRCL) Skyrocket Today?

- Circle Internet 股價上漲 17.8%，受 S&P 500 和 Nasdaq 上漲影響。  
- 最新消費者物價指數顯示 8 月通脹超預期，失業申請數量顯著上升。  
- 美聯儲可能會降息，預計將刺激風險資產投資。  

為什麼 Circle 互聯網股票（CRCL）今天大幅上漲？