美元/日元 (USDJPY) 加自选

长期证券、短期美国证券和银行流量的净外国收购是142亿美元的净TIC流出。其中包括来自外国私人投资者的31亿美元净流入，被来自外国官方机构的173亿美元流出所抵消。外国居民净卖出506亿美元的长期美国证券，其中私人投资者卖出205亿美元，官方机构卖出301亿美元。与此同时，美国居民减少了428亿美元的长期外国证券持有量。在考虑了通过股票互换进行的外国投资组合收购等调整后，长期证券的净外国销售额总计78亿美元。

Net foreign acquisitions of long-term securities, short-term US securities, and banking flows was a net TIC outflow of $14.2 billion. This included $3.1 billion in net inflows from private foreign investors, offset by $17.3 billion in outflows from foreign official institutions. Foreign residents sold a net $50.6 billion in long-term US securities, with $20.5 billion in sales by private investors and $30.1 billion by official institutions. Meanwhile, US residents reduced their holdings of long-term foreign securities by $42.8 billion. After accounting for adjustments such as estimated foreign portfolio acquisitions via stock swaps, the net foreign sales of long-term securities totaled $7.8 billion.

周三，美国股市涨跌互现，投资者对美联储维持利率不变的决定以及美联储主席鲍威尔在地缘政治和经济不确定性上升的情况下的谨慎语气做出了反应。标准普尔500指数收盘小幅下跌，道琼斯指数下跌44点，纳斯达克指数上涨0.1%。鲍威尔强调了美联储的观望立场，理由是特朗普总统关税的通胀影响和滞胀风险存在不确定性，因为官员们预计2025年将降息两次，但下调了增长预测并提高了通胀预期。中东紧张局势加剧令市场进一步不安，持续的以色列冲突引发了对美国更广泛参与的担忧，并推高了油价。特朗普证实，伊朗表示有兴趣进行谈判，但保留了采取军事行动的可能性，这让投资者感到不安。国会通过稳定币法案后，Visa、万事达卡和贝宝的股价均下跌了4%以上。

Stocks in the US seesawed on Wednesday as investors reacted to the Federal Reserve’s decision to keep interest rates unchanged and Fed Chair Powell’s cautious tone amid rising geopolitical and economic uncertainty. The S&P 500 finished slightly lower, the Dow lost 44 points while, the Nasdaq added 0.1%. Powell emphasized the Fed’s wait-and-see stance, citing uncertainty around the inflationary effects of President Trump’s tariffs and the risk of stagflation, as officials projected two rate cuts in 2025 but downgraded growth forecasts and raised inflation expectations. Markets were further rattled by heightened tensions in the Middle East, with the ongoing Israel-Iran conflict raising fears of broader US involvement and pushing oil prices slightly higher. Trump confirmed that Iran had expressed interest in negotiations but left open the possibility of military action, keeping investors on edge. Visa, Mastercard, and Paypal sank over 4% each after the Congress passed its stablecoins act.

美国股市在下午的交易中抹去了涨幅，因为市场继续评估美国货币政策的前景和地缘政治紧张局势加剧的风险。标准普尔500指数、道琼斯指数和纳斯达克100指数在上涨0.5%后小幅下跌。正如预期的那样，美联储保持利率不变，联邦公开市场委员会成员重申了今年将再降息两次的预测，同时指出，不确定性加剧的时期降低了预测的重要性。此外，这些预测反映了在关税和不可预测的经济政策下对宏观经济前景的悲观看法，因为未来几年的降息被削减，而增长、失业和滞胀风险增加。与此同时，特朗普在伊朗问题上保持鹰派基调，但指出德黑兰要求举行会谈。国会通过稳定币法案后，Visa、万事达卡和贝宝的股价均下跌了4%以上。

US stocks erased gains in afternoon trading as markets continued to assess the outlook of US monetary policy and risks from heightening geopolitical tension. The S&P 500, Dow Jones, and Nasdaq 100 were slightly lower after having gained up to 0.5%. The Federal Reserve held its rates unchanged, as expected, and FOMC members reiterated projections of two additional rate cuts to be delivered this year, while noting that the period of heightened uncertainty reduces the significance of forecasts. Additionally, the projections reflected a pessimistic view on the macroeconomic outlook under tariffs and unpredictable economic policy, as rate cuts for next years were trimmed while growth unemployment and stagflation risks increased. In the meantime, Trump maintained his hawkish tone on Iran, but noted that Tehran asked for talks. Visa, Mastercard, and Paypal sank over 4% each after the Congress passed its stablecoins act.

美联储主席新闻发布会亮点和见解。鲍威尔承认在通胀方面取得了进展，三个月的有利数据和核心服务价格的缓和。然而，他强调，通货膨胀可能不会一帆风顺。

Federal Reserve Chair Press Conference Highlights & Insights.Powell acknowledged progress on inflation, with three months of favorable data and easing in core services prices. However, he emphasized that inflation may not follow a smooth path down.