每日简报（2026-04-25）：利率与通胀

论点. 今日叙事主线为利率与通胀；以下为信源与影响。

主要信源

1. Nvidia stock closes at record, pushing market cap past $5 trillion (CNBC)
2. Google to invest up to $40 billion in Anthropic as search giant spreads its AI bets (CNBC)
3. Pirro could reopen Fed probe at any time, Democratic senators warn (CNBC)
4. Special Forces Sgt. in Polymarket Maduro raid bet case released; Kalshi says it blocked him (CNBC)
5. AI data center backlash threatens Pennsylvania GOP incumbents in 2026 election (CNBC)
6. Analysis: The threat to the Fed's independence isn't over (CNBC)

影响

• 利率：央行与通胀新闻带来的重定价风险；久期与实际利率驱动跨资产估值。
• 外汇：DXY、JPY 为风险锚；结合今日主题关注避险与套息轮动。
• 股市：板块轮动与波动率（VIX/MOVE）指导仓位；宽度与财报决定 regime。
• 商品：能源与金属为情绪与通胀代理；供给与储备与今日叙事挂钩。

不构成投资建议，仅供信息参考。来源：CNBC。