受全球經濟不確定性影響，美國商業活動降至 11 個月以來新低
US Business Activity Hits 11-Month Low Amid Global Economic Uncertainty
截至2026年3月底，美國經濟顯現出降溫跡象。
As of late March 2026, the United States economy is showing signs of cooling.
根據標準普爾全球發布的綜合採購經理人指數速報，商業活動已跌至51.4，創下11個月以來的新低。
According to the S&P Global Flash Composite Purchasing Managers’ Index (PMI), business activity has dropped to an 11-month low of 51.4.
造成這種不確定性的主要動力是中東地區的地緣政治衝突，該衝突導致全球能源成本飆升。
The primary driver for this uncertainty is geopolitical conflict in the Middle East, which has spiked global energy costs.
這種成長放緩與通膨上升的「不受歡迎的組合」，加劇了人們對停滯性通膨的擔憂。
This "unwelcome combination" of slowing growth and rising inflation has fueled concerns about stagflation.
由於第一季國內生產毛額成長預計僅為溫和的1.3%，聯準會面臨著艱難的兩難境地：在控制通膨的需求與避免進一步經濟損害之間取得平衡。
With GDP growth for the first quarter projected at a modest 1.3%, the Federal Reserve faces a tough dilemma: balancing the need to control inflation while avoiding further economic damage.
