美国股市周五收跌，标普500指数从历史高点回落，美国经济持续通胀的迹象持续存在。标准普尔500指数下跌0.6%，纳斯达克指数下跌1.2%，道琼斯指数下跌92点，跌幅0.2%。核心个人消费支出是美联储首选的通胀指标，7月份同比增长2.9%，与预期相符，但标志着自2月以来最快的增长。科技和人工智能相关股票给市场带来压力，由于竞争和人工智能产品成本上升，英伟达下跌3.4%，戴尔下跌8.9%。阿里巴巴因强劲的云计算业绩飙升12.9%，而卡特彼勒（-3.6%）和Marvell（-18.6%）因关税和收入担忧而下跌。尽管周五出现下跌，但标准普尔500指数和道琼斯指数连续第四个月上涨，分别上涨2%和3%，纳斯达克指数连续第五个月上涨1%。为庆祝劳动节，市场将于周一休市。

US stocks ended lower on Friday as the S&P 500 retreated from from record highs, amid ongoing signs of persistent inflation in the US economy. The S&P 500 fell 0.6%, the Nasdaq dropped 1.2%, and the Dow lost 92 points, or 0.2%. Core PCE, the Federal Reserve’s preferred inflation gauge, rose 2.9% year-over-year in July, matching expectations but marking the fastest increase since February. Tech and AI-related shares pressured the market, with Nvidia down 3.4% and Dell falling 8.9% due to competition and higher costs for AI products. Alibaba surged 12.9% on strong cloud computing results, while Caterpillar (-3.6%) and Marvell (-18.6%) declined on tariff and revenue concerns. Despite Friday’s losses, the S&P 500 and Dow recorded their fourth consecutive month of gains, up 2% and 3% respectively, and the Nasdaq posted a fifth straight monthly rise, adding 1%. Markets will be closed Monday in observance of Labor Day.

美联储的戴利重申，很快将是重新调整政策的时候了。有趣的是，他们如何避免使用“暂时性”这个词。无论如何，美联储的戴利只是重申，她预计关税驱动的通货膨胀将是短暂的，因此赞成降低利率以帮助劳动力市场，在她看来，劳动力市场正在放缓。

Fed's Daly repeats that it will soon be time to recalibrate policy.It's funny how they avoid using the word "transitory". Anyway, Fed's Daly is just repeating that she expects the tariff-driven inflation to be short-lived and therefore favours lowering interest rates to help the labour market which in her view is slowing.

在地缘政治的不确定性中，美联储降息50个基点是否会将美元推至新低？。特朗普2.0时代为2025年的外汇世界带来了许多挑战和机遇。不要指望过山车很快就会减速。

Could a 50bps Fed Rate Cut Push the Dollar to New Lows Amid Geopolitical Uncertainty?.The age of Trump 2.0 has brought plenty of challenges and opportunities to the world of forex in 2025. Don't expect the rollercoaster to slow down any time soon.

美国股市在下午交易中下跌，因为投资者在标准普尔500指数创下历史新高的强劲一周后获利回吐，有迹象表明美国经济的通胀压力仍然持续存在。标准普尔500指数下跌0.8%，纳斯达克100指数下跌1.4%，道琼斯指数下跌0.4%。科技股领跌，英伟达下跌3.8%，因对中国销售的谨慎指导打压市场情绪，而戴尔在令人失望的预测后下跌8.6%。通胀仍然是关注的焦点，因为美联储首选的指标核心个人消费支出指数在7月份同比上涨2.9%，为2月份以来的最高水平，高于央行的目标。额外的压力来自新的关税担忧，卡特彼勒警告称，今年的相关成本高达18亿美元。尽管周五有所回落，但这三个指数仍有望在8月收盘时实现稳健的月度涨幅，延续了一年多来最长的连胜纪录。

US stocks fell in the afternoon trading as investors took profits following a strong week that saw the S&P 500 reach record highs, amid signs that inflationary pressures remain persistent in the US economy. The S&P 500 lost 0.8%, the Nasdaq 100 declined 1.4%, and the Dow slipped 0.4%.Technology shares leading the retreat, with Nvidia dropping 3.8% as cautious guidance on China sales weighed on sentiment, while Dell slumped 8.6% after disappointing forecasts. Inflation remained in focus as the Fed’s preferred gauge, the core PCE index, rose 2.9% year-on-year in July, the highest since February and above the central bank’s target. Additional pressure came from renewed tariff concerns, with Caterpillar warning of up to $1.8 billion in related costs this year. Despite Friday’s pullback, all three indexes remained on track to close August with solid monthly gains, extending their longest winning streak in more than a year.