标普/多伦多证券交易所综合指数周三微涨至21728点，尽管石油基准下跌，但受金价走强提振，同时投资者消化了美联储最新的利率决定。主要矿业公司Wheaton Precious Metals、Agnico Eagle Mines和Franco Nevada支撑了该指数，分别上涨1.58%、1.41%和1.13%。科技板块也推动了该指数的上涨，笛卡尔系统公司上涨2.19%，星座软件公司上涨2.04%。然而，原油价格连续第三个交易日下跌，给能源板块带来压力，该板块平均下跌1.69%。森科尔和加拿大自然公司领跌，分别下跌1.41%和1.25%，Cenovus下跌1.03%，尽管超过了季度预期。与此同时，在美国，美联储第六次保持利率不变，在考虑降息之前，等待更多的信心达到2%的通胀目标。

The S&P/TSX Composite index closed marginally higher at 21,728 on Wednesday, boosted by stronger bullion prices despite declining oil benchmarks, while investors digested the latest Federal Reserve interest rate decision. Key miners Wheaton Precious Metals, Agnico Eagle Mines, and Franco-Nevada supported the index, posting gains of 1.58%, 1.41%, and 1.13%, respectively. The tech sector also contributed to the index's lift, with Descartes Systems rising 2.19% and Constellation Software up by 2.04%. However, crude oil prices fell for the third consecutive session, weighing on the energy sector, which declined by an average of 1.69%. Suncor and Canadian Natural led the losses with declines of 1.41% and 1.25%, respectively, while Cenovus dropped 1.03% despite exceeding quarterly expectations. Meanwhile, in the US, the Federal Reserve kept interest rates unchanged for the sixth time, awaiting more confidence in reaching the 2% inflation target before considering reductions.

美国股市周三涨跌互现，投资者消化了美联储主席鲍威尔在美联储保持借贷成本不变后的讲话。标准普尔500指数和纳斯达克指数回吐早些时候的涨幅，分别下跌0.3%，道琼斯指数上涨85点。在新闻发布会上，美联储主席的语气没有预期的那么强硬，排除了在6月会议上加息的可能性。央行承认通胀率仍然很高，在对通胀率持续向2%迈进有更大信心之前，预计降低目标区间是不合适的。在企业方面，CVS和星巴克都暴跌，在悲观的结果之后，分别下跌16.8%和15.8%。芯片行业也表现不佳，英伟达下滑3.9%，受AMD因AI芯片销售预测低迷而下跌8.9%的压力，以及Super Micro Computer在第三季度收入低于预期后下跌14.3%。

Stock in the US finished mixed on Wednesday, as investors digested the Fed Chair Powell speech after the Federal Reserve kept borrowing costs on hold. The S&P 500 and Nasdaq pared earlier gains and lost 0.3% each, while the Dow Jones added 85 points. During the press conference, the Fed Chair struck a less hawkish tone than expected, ruling out the possibility of a rate hike in the June meeting. The central bank acknowledged that inflation is still high and do not expect it will be appropriate to reduce the target range until it has gained greater confidence that inflation is moving sustainably toward 2%. On the corporate front, CVS and Starbucks both plummeted, with declines of 16.8% and 15.8%, respectively, following pessimistic results. The chip sector also underperformed, with Nvidia sliding 3.9%, pressured by AMD's 8.9% decline due to a lackluster forecast for AI chip sales, and Super Micro Computer's 14.3% drop after Q3 revenue fell short of expectations.

加拿大10年期政府债券收益率跌至3.8%以下，从4月25日触及的3.9%的六个月高点回落，原因是美联储做出决定后美国国债收益率下降。由于通货膨胀没有以预期的速度放缓，美国央行保持利率不变。尽管如此，美联储主席鲍威尔在新闻发布会上表示，尽管央行关注通胀风险，但下一步加息“不太可能”。收益率的下跌因加拿大银行前景日益鸽派而加剧，因为疲软的当地数据助长了对早些时候降息的猜测。4月，加拿大制造业采购经理人指数暴跌至49.4，标志着工厂活动连续第十二个月收缩，明显低于预期的50.2的扩张。此外，周二公布的数据显示，加拿大经济最有可能在第一季度收缩。

The yield on the Canadian 10-year government bond fell below 3.8%, retreating from a six-month high of 3.9% touched on April 25th amid the drop in US Treasury yields following the Fed’s decision. The US central bank held its interest rate unchanged as expected as inflation has not slowed at the expected pace. Still, Fed Chair Powell, during the press conference, said that while the central bank is attentive to inflation risks, it is “unlikely” for the next move to be a hike. The fall in yields was compounded by the increasingly dovish outlook for the Bank of Canada as weak local data has fueled speculation of earlier interest rate cuts. In April, Canada’s manufacturing PMI plummeted to 49.4, marking the twelfth consecutive month of factory activity contraction and significantly missing the expected expansion of 50.2. Also, data released on Tuesday indicated that Canada's economy most likely contracted in Q1.

美联储主席鲍威尔向市场保证下一步不会降息后，美国10年期国债收益率从4月25日触及的4.7%的五个多月高点跌至4.6%。美联储如预期保持利率不变，并宣布放缓量化紧缩步伐。央行承认通胀并未以预期速度放缓，但美联储主席鲍威尔在新闻发布会上表示，尽管央行关注通胀风险，但下一步“不太可能”加息。在财政方面，美国财政部保持了长期债券和债券的季度发行不变，并宣布了20多年来首次回购现有证券的计划。

The yield on the US 10-year Treasury note fell toward 4.6% from the over-five-month high of 4.7% touched on April 25th after the Fed Chair Powell reassured the markets that the next move won't be a rate cut. The Federal Reserve held its interest rate unchanged as expected and announced a slower pace of quantitative tightening. The central bank acknowledged that inflation has not slowed at the expected pace, but Fed Chair Powell, during the press conference said that while the central bank is attentive to inflation risks, it is “unlikely” for the next move to be a hike. On the fiscal side, the US Treasury left its quarterly issuance of longer-dated notes and bonds unchanged and announced its first program to buy back existing securities in over two decades.