1.原文連結(必須檢附)：http://ppt.cc/inMH
2.原文內容：
The Federal Reserve opened the door to an interest-rate increase as soon as
June, while also indicating it will go slow once it gets started.
縱使在(葉倫)暗示一旦升息之後步調將會放緩，美國聯準會仍最快在六月開啟升息之門。
The new signals were contained in a policy statement that ended an era by
dropping an assurance that the Fed will be “patient” in raising rates, and
in a fresh set of estimates that lowered the median for the federal funds
rate the end of 2015 to 0.625 percent compared with 1.125 percent in December.
這些新的訊號被包含在這次的政策聲明，聯準會保證將會結束(低利)時代，並且將會"有
耐心"地看待升息這回事，在新的一系列估計中，在2015年年底聯邦基金利率中位數將比
先前估計的1.125%還要降低至0.625%。(由這段話眾多投資人解讀為:鴿派鴿派再鴿派)
“Just because we removed the word patient from the statement doesn’t mean
we are going to be impatient,” Chair Janet Yellen said in a press conference
Wednesday in Washington.
葉倫在一場華盛頓的新聞發布會中說:"只是因為我們讓把耐性這個詞從聲明稿中拿掉遠離，
但並不代表(聯準會的)我們會變得沒有耐性。"
The Federal Open Market Committee said it will be appropriate to tighten “
when it has seen further improvement in the labor market and is reasonably
confident that inflation will move back to its 2 percent objective over the
medium term.”
聯邦公開市場委員會聲稱，在以下幾點達陣後再緊縮貨幣政策將會較為恰當:"
(1.見到，使用has seen代表很有機會)當聯準會見到勞動市場更進一步的改善、
(2.我們應該)合理地對中長期通膨率回歸2個百分點保有信心。"
“An increase in the target range for the federal funds rate remains un-
likely at the April” meeting, it said in its statement.
聲明稿中陳述:"在四月提高聯準會目標利率是不大可能的事。"
Yellen is preparing for an exit from the most aggressive easing in the
Fed’s 100-year history as the job market overcomes the damage wrought by the
deepest recession since the 1930s. At the same time, inflation and wage
growth that remain too low are giving her reasons for caution.
在葉倫的準備下，伴隨著勞動市場從1930年代以來最低迷的災難中復甦，(我們)將脫離
聯準會在這百年歷史上最具計畫性的大規模寬鬆。同時，通膨與薪資(*)的成長過低仍是
她(葉倫/葉大大)擔心的原因。
Stocks rose, erasing earlier losses, after the FOMC announcement. The
Standard & Poor’s 500 Index was up 0.9 percent at 2,091.92B as of 2:31 p.m.
in New York. Ten-year Treasury notes yielded 1.96 percent, down nine basis
points.
在FOMC陳述後，股市收復不久前的回落，標普500指數上漲了0.9個百分點，在紐約下午
2點31分來到2091.92點，十年期公債利率(10年期國庫券收益)目前為1.96，下降了9個
基點。
Guidance Change
While Fed officials lowered their estimate for the federal funds rate at
the end of 2015, they said in their statement that “this change in the
forward guidance does not indicate that the Committee has decided on the
timing of the initial increase in the target range.”
當聯準會降低了在2015年底的聯邦基金利率預估，他們在聲明稿中說:"這項對於指引
(/預估)的改變並不表示聯準會決定了第一次升息的時間點與目標區間。"
Dropping the pledge to be “patient” marks a shift away from the explicit
guidance on the future path of policy that the Fed has used since late 2008
to keep longer-term borrowing costs low. The Fed will now set policy at each
meeting based on the latest economic data, making its actions less
predictable.
放棄了"耐心"的誓言，代表聯準會將會帶領(世界)從2008年就開闢清晰可見的政策