S&P 500, Nasdaq Build On Record Highs As Powell Testimony Keeps Rate Cut Hopes Alive
S&P 500, Nasdaq Build On Record Highs As Powell Testimony Keeps Rate Cut Hopes Alive
The S&P 500 and Nasdaq nabbed new record closes on Tuesday (and also each notched their sixth straight day of gains) as rate cut hopes remained intact after Federal Reserve chair Jerome Powell kicked off his semiannual update to Congress.
週二，標普500指數和納斯達克指數均創下新的收盤紀錄，也是連續第六日上漲，利率期貨仍然穩步上漲。在聯儲局主席鮑威爾對國會議員半年度更新的開場發言後，市場對利率削減的希望依然存在。
The S&P 500 (^GSPC) finished just above the flatline to book its 36th record close of the year, while the tech-heavy Nasdaq Composite (^IXIC) also built on its previous record to close up about 0.1%. The Dow Jones Industrial Average (^DJI), which seesawed throughout the trading session, closed down around 0.1%.
標普500指數(^GSPC)收於微漲區間，今年已經連續第36次創下新的收盤紀錄，而以科技公司爲主的納斯達克綜合指數(^IXIC)也有所上漲，上漲約0.1%。道瓊斯工業指數(^DJI)在交易時段內波動不定，收盤下跌約0.1%。
Stocks have achieved fresh all-time highs as signs of a US economic slowdown bolster bets on interest-rate cuts.
隨着美國經濟放緩的跡象增多，股市不斷創下歷史新高，利率期貨押注加劇。
Powell shed light on the Fed's picture of the economy, commencing his twice-yearly policy update to Congress on Tuesday with an appearance in the Senate. In prepared remarks, the central bank leader said he's encouraged by evidence of cooler inflation, but that the Fed still needs more "good data" to be confident that inflation is moving towards its 2% target.
鮑威爾在本週二通過參議院的聽證會揭示了聯儲局對於經濟的觀點，他在準備好的講話中表示，儘管通脹緩和的跡象令人鼓舞，但是聯儲仍需要更多的"好數據"才能確信通脹將移向2%的目標。
Traders still placed bets that the Fed will cut interest rates twice this year. "We're increasingly confident in our forecast that the Fed will cut rates in September," wrote Oxford Economics chief US economist Ryan Sweet.
交易員仍然押注聯儲今年會兩次削減利率。"我們越來越有信心認爲聯邦儲備委員會將在9月份削減利率，"牛津經濟學的首席美國經濟學家Ryan Sweet表示。
Powell will appear before the House on Wednesday, setting the stage for a key update on consumer inflation on Thursday — all potential catalysts for stocks if they confirm a cooling.
週三，鮑威爾將在衆議院發表講話，爲週四關於消費者通脹的重要更新鋪平道路——如果他們證實了放緩的情況，將可能成爲股市的催化劑。
But a note of caution is seeping into the market as the idea of a summer pullback gets more backers, with Morgan Stanley strategist Mike Wilson calling for a 10% correction. – Yahoo! Finance
然而，市場開始感到謹慎，因爲越來越多的人支持夏季回調的想法，摩根士丹利策略師Mike Wilson呼籲進行10%的調整。-雅虎財經