[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"content-doc-dcio2182c30e":3},{"user":4,"document":8,"mainDocument":29,"columnUrl":31,"subscription":32,"footer":44,"text":79},{"isAuthenticated":5,"isAdmin":5,"displayName":6,"avatarUrl":6,"nid":6,"groupLevel":7},false,"",-10,{"id":9,"fullTitle":10,"subTitle":6,"url":11,"columnId":12,"columnName":13,"columnUrl":14,"summary":6,"contentHtml":15,"mainContentHtml":6,"posterUrl":16,"createDate":17,"displayDate":18,"displayDateSlash":19,"pageviews":20,"tags":21,"hidden":5,"isSubContent":5,"replyDocOrTargetId":6,"contentType":25,"videoId":6,"liveVideoUrl":6,"duration":26,"price":26,"priceText":27,"priceBadgeText":27,"priceBadgeClass":28,"freeForMinGroupLevel":26,"redirectUrl":6,"readyToStream":5},"dcio2182c30e","美股指数今天下跌的原因？2025\u002F03\u002F28","\u002Fdoc\u002Fdcio2182c30e","col18178739ee","美股资讯","\u002Fcol\u002Fcol18178739ee","\u003Cp>今天美股指数下跌的原因是美联储最关注的通胀指标继续以顽固速度上升，而个人支出却不及预期，家庭需求弱于预期，这表明在对财务状况的担忧日益加剧的情况下，消费者变得更加谨慎。\u003C\u002Fp>\n\u003Cp>3月28日周五，美国商务部公布数据显示，美联储最爱的通胀指标——核心PCE物价指数在2月同比上涨2.79%，为2024年12月以来新高，超过预期的2.7%和前值2.6%；核心PCE物价指数环比上涨0.4%，超出预期和前值0.3%，创2024年1月以来新高。\u003C\u002Fp>\n\u003Cp>美国2月PCE物价指数同比上涨2.5%，持平预期和前值；PCE物价指数环比上涨0.3%，同样持平预期和前值。\u003C\u002Fp>\n\u003Cp>美国PCE等数据公布后，美股三大股指期货进一步下跌，美国国债收益率维持低位，而美元小幅上涨。掉期交易员继续预计今年将有两次25个基点降息，第一次降息将在7月。\u003C\u002Fp>\n\u003Cp>“超级核心通胀指标”大幅反弹，服务成本推动PCE上涨\u003C\u002Fp>\n\u003Cp>值得注意的是，美联储密切关注的“超级核心通胀指标”——不包括住房和能源的核心服务成本大幅反弹。\u003C\u002Fp>\n\u003Cp>服务成本是推动PCE经济重新加速的主要因素，服务业对核心个人消费支出 (PCE) 增长的贡献率升至一年来最高水平，但这并非由关税驱动。\u003C\u002Fp>\n\u003Cp>消费支出放缓，储蓄率进一步上涨\u003C\u002Fp>\n\u003Cp>2月个人消费支出(PCE)环比上涨0.4%，经通胀调整后的个人消费支出环比小幅上涨 0.1%，而此前1月份下降0.5，为近四年来最大降幅，经济学家将此归咎于恶劣天气。\u003C\u002Fp>\n\u003Cp>随着价格上涨，个人收入也随之上涨，环比增长0.8%，为 2024 年 1 月以来的最大增幅，超过个人支出0.4%的增幅。\u003C\u002Fp>\n\u003Cp>收入与支出之间的差距使储蓄率达到2024年6月以来的最高水平，表明消费者对财务状况更加谨慎。其他迹象表明，美国人面临更大的财务压力，包括拖欠汽车付款和难以筹集应急资金。\u003C\u002Fp>\n\u003Cp>滞胀担忧加剧\u003C\u002Fp>\n\u003Cp>该报告指出，通胀顽固难消，而特朗普总统计划征收的关税则有可能进一步加剧价格压力。特朗普激进的贸易政策已经打击了企业和消费者的信心，再加上家庭财务压力的迹象日益增加，引发了人们对经济可能陷入滞胀甚至衰退的担忧。\u003C\u002Fp>\n\u003Cp>美联储自己的预测也强调了这些担忧，决策者在上周的政策会议上发布的最新预测中暗示经济增长放缓、通胀加快。美联储主席鲍威尔淡化了这些担忧，甚至重新使用了“暂时”这个词来描述他对关税驱动通胀的预期，他的一些同事则表示更加谨慎。\u003C\u002Fp>\n\u003Cp>在特朗普下周推出大规模关税措施之前，官员们将维持利率不变，直到他们更好地了解特朗普的政策——尤其是关税。关税对价格的影响大部分将通过商品来体现。2月份，不包括食品和能源的商品通胀指标连续第二个月上涨0.4%，为2022年以来连续两个月的最大涨幅，核心服务价格也以类似的速度上涨。\u003C\u002Fp>\n\u003Cp>TradeStation全球市场策略主管David Russell表示：\u003C\u002Fp>\n\u003Cp>核心PCE高于预期，而且由于收入很高，关税即将到来，因此今后可能很难再下降。\u003C\u002Fp>\n\u003Cp>在通胀预期永久上调之前，我们可能正在看到旧经济的最后残余，这可能与金发姑娘的情况相反，收入和通胀过高，美联储无法大幅降低利率，​​与此同时增长和利润率的前景正在黯淡。\u003C\u002Fp>","https:\u002F\u002Fstockwebsiteblob.blob.core.windows.net\u002Fweb-202503-stk\u002FUploadergscgis1hp5t_2025_03_28_10_00_52.jpg","2025-03-28T16:57:34.06","2025.03.28","2025\u002F03\u002F28",51989,[22,23,24],"SPY","SPX","NASDAQ","Article",0,"免费","success",{"id":9,"fullTitle":10,"subTitle":6,"url":11,"columnId":12,"columnName":13,"columnUrl":14,"summary":6,"contentHtml":15,"mainContentHtml":6,"posterUrl":16,"createDate":17,"displayDate":18,"displayDateSlash":19,"pageviews":20,"tags":30,"hidden":5,"isSubContent":5,"replyDocOrTargetId":6,"contentType":25,"videoId":6,"liveVideoUrl":6,"duration":26,"price":26,"priceText":27,"priceBadgeText":27,"priceBadgeClass":28,"freeForMinGroupLevel":26,"redirectUrl":6,"readyToStream":5},[22,23,24],"\u002Fcol\u002Fstocknews",{"visible":5,"marketingHtml":33,"services":34,"recentDocuments":43},"\u003Cfigure 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buy@TradesMax.com 美国电话 626-378-3637","公司介绍","\u003Cp class=\"MsoNormal\">美股大数据 StockWe.com 是一个美国领先的金融和美股信息大数据提供商，紧盯华尔街金融市场和行情，2008年成立于美国硅谷，创始人是前纽约证券交易所资深分析师Ken，联合多位摩根斯坦利分析师，谷歌 Meta工程师利用AI和大数据，配合十多年美股实战经验和业内量化交易模型，每天处理千万级股票数据：挖掘潜力大牛股，捕捉期权异动大单，实时主力资金流向、机构持仓变化、川普突发新闻，精准买卖信号第一时间发到您手机APP。\u003C\u002Fp>","专业美股投资者都在这里",{"loading":80,"search":81,"searchPlaceholder":81,"hotContent":82,"draft":83,"noData":84,"searchNoData":85,"edit":86,"editVideo":87,"courseContent":88,"more":89,"buyNow":90,"subscribeNow":91,"encoding":92,"paidContent":93},"Loading...","搜索","热门内容","草稿","目前没有任何内容公布","当前检索内容没有数据","编辑","编辑视频","课程内容","更多","立即购买后观看","- 立即订阅 -","视频编码中...","付费内容"]