{"id":45225,"date":"2026-04-21T23:22:28","date_gmt":"2026-04-21T23:22:28","guid":{"rendered":"https:\/\/www.vtmarketsmy.com\/cn\/uncategorized\/%e7%89%b9%e6%9c%97%e6%99%ae%e6%8f%90%e5%90%8d%e7%9a%84%e7%be%8e%e8%81%94%e5%82%a8%e4%b8%bb%e5%b8%ad%e4%ba%ba%e9%80%89%e5%87%af%e6%96%87%c2%b7%e6%b2%83%e4%bb%80%e5%90%91%e5%8f%82%e8%ae%ae%e5%91%98\/"},"modified":"2026-04-21T23:22:28","modified_gmt":"2026-04-21T23:22:28","slug":"%e7%89%b9%e6%9c%97%e6%99%ae%e6%8f%90%e5%90%8d%e7%9a%84%e7%be%8e%e8%81%94%e5%82%a8%e4%b8%bb%e5%b8%ad%e4%ba%ba%e9%80%89%e5%87%af%e6%96%87%c2%b7%e6%b2%83%e4%bb%80%e5%90%91%e5%8f%82%e8%ae%ae%e5%91%98","status":"publish","type":"post","link":"https:\/\/www.vtmarketsmy.com\/cn\/live-updates\/%e7%89%b9%e6%9c%97%e6%99%ae%e6%8f%90%e5%90%8d%e7%9a%84%e7%be%8e%e8%81%94%e5%82%a8%e4%b8%bb%e5%b8%ad%e4%ba%ba%e9%80%89%e5%87%af%e6%96%87%c2%b7%e6%b2%83%e4%bb%80%e5%90%91%e5%8f%82%e8%ae%ae%e5%91%98\/","title":{"rendered":"\u7279\u6717\u666e\u63d0\u540d\u7684\u7f8e\u8054\u50a8\u4e3b\u5e2d\u4eba\u9009\u51ef\u6587\u00b7\u6c83\u4ec0\u5411\u53c2\u8bae\u5458\u8868\u793a\u9700\u8981\u6539\u9769\uff1b\u7f29\u51cf\u8d44\u4ea7\u8d1f\u503a\u8868\u6216\u53ef\u964d\u4f4e\u5229\u7387"},"content":{"rendered":"<p>\u51ef\u6587\u00b7\u6c83\u4ec0\uff08Kevin Warsh\uff09\u662f\u7f8e\u56fd\u603b\u7edf\u5510\u7eb3\u5fb7\u00b7\u7279\u6717\u666e\u63d0\u540d\u3001\u63a5\u66ff\u6770\u7f57\u59c6\u00b7\u9c8d\u5a01\u5c14\uff08Jerome Powell\uff09\u51fa\u4efb\u7f8e\u8054\u50a8\uff08Federal Reserve\uff0c\u7b80\u79f0Fed\uff0c\u7f8e\u56fd\u4e2d\u592e\u94f6\u884c\uff09\u4e3b\u5e2d\u7684\u4eba\u9009\u3002\u4ed6\u5728\u53c2\u8bae\u9662\u94f6\u884c\u59d4\u5458\u4f1a\u8868\u793a\uff0c\u5e0c\u671b\u63a8\u52a8\u6839\u672c\u6027\u7684\u653f\u7b56\u6539\u9769\u3002\u4ed6\u628a\u6539\u9769\u4e0e\u751f\u6d3b\u6210\u672c\u538b\u529b\uff08cost-of-living pressures\uff0c\u6307\u7269\u4ef7\u4e0a\u6da8\u5bfc\u81f4\u6c11\u4f17\u5f00\u9500\u53d8\u9ad8\uff09\u8054\u7cfb\u8d77\u6765\uff0c\u5e76\u79f0\u7f8e\u8054\u50a8\u5e94\u4ee5\u7269\u4ef7\u7a33\u5b9a\uff08price stability\uff0c\u6307\u63a7\u5236\u901a\u80c0\u3001\u8ba9\u7269\u4ef7\u4fdd\u6301\u76f8\u5bf9\u7a33\u5b9a\uff09\u4e3a\u6838\u5fc3\uff0c\u4e14\u5e94\u5728\u804c\u8d23\u8303\u56f4\u5185\u884c\u4e8b\uff08remit\uff0c\u6307\u6cd5\u5b9a\u804c\u8d23\u4e0e\u6743\u9650\u8fb9\u754c\uff09\u3002<\/p>\n<p>\u4ed6\u547c\u5401\u5efa\u7acb\u65b0\u7684\u901a\u80c0\u6846\u67b6\uff08inflation framework\uff0c\u6307\u7f8e\u8054\u50a8\u7528\u6765\u8bbe\u5b9a\u901a\u80c0\u76ee\u6807\u4e0e\u8bc4\u4f30\u901a\u80c0\u7684\u653f\u7b56\u4f53\u7cfb\uff09\u3001\u8c03\u6574\u5de5\u5177\u7528\u6cd5\uff0c\u5e76\u628a\u6c9f\u901a\u8bf4\u5f97\u66f4\u6e05\u695a\u3002\u4ed6\u8868\u793a\uff0c\u7528\u5229\u7387\u5de5\u5177\uff08interest-rate tool\uff0c\u6307\u8c03\u6574\u653f\u7b56\u5229\u7387\u5f71\u54cd\u501f\u8d37\u6210\u672c\uff09\u6bd4\u4e70\u503a\uff08bond buying\uff0c\u6307\u91cf\u5316\u5bbd\u677eQE\uff1a\u592e\u884c\u5927\u91cf\u8d2d\u4e70\u56fd\u503a\u7b49\u8d44\u4ea7\u538b\u4f4e\u5229\u7387\u3001\u589e\u52a0\u5e02\u573a\u8d44\u91d1\uff09\u66f4\u516c\u5e73\uff0c\u5e76\u79f0\u7f8e\u8054\u50a8\u5e94\u9000\u51fa\u201c\u8d22\u653f\u9886\u57df\u201d\uff08the fiscal business\uff0c\u6307\u653f\u5e9c\u6536\u652f\u3001\u8d64\u5b57\u4e0e\u8d22\u653f\u523a\u6fc0\u7b49\u5c5e\u4e8e\u8d22\u653f\u90e8\u4e0e\u56fd\u4f1a\u7684\u4e8b\u52a1\uff0c\u800c\u975e\u592e\u884c\uff09\u3002<\/p>\n<h3>\u4fe1\u606f\u7eaa\u5f8b\u4e0e\u653f\u7b56\u91cd\u7f6e<\/h3>\n<p>\u6c83\u4ec0\u79f0\uff0c\u7f8e\u8054\u50a8\u5e94\u613f\u610f\u6539\u53d8\u770b\u6cd5\uff0c\u5c3d\u5feb\u7ea0\u9519\uff1b\u4ed6\u4e5f\u5bf9\u524d\u77bb\u6307\u5f15\uff08forward guidance\uff0c\u6307\u592e\u884c\u63d0\u524d\u6697\u793a\u672a\u6765\u5229\u7387\u8def\u5f84\u4ee5\u5f71\u54cd\u5e02\u573a\u9884\u671f\uff09\u6301\u6000\u7591\u6001\u5ea6\u3002\u4ed6\u8fd8\u8868\u793a\uff0c\u7f8e\u8054\u50a8\u5b98\u5458\u8fc7\u65e9\u3001\u8fc7\u591a\u8c08\u8bba\u5229\u7387\u8def\u5f84\uff08rate path\uff0c\u6307\u672a\u6765\u52a0\u606f\u6216\u964d\u606f\u7684\u53ef\u80fd\u8f68\u8ff9\uff09\u3002<\/p>\n<p>\u4ed6\u8868\u793a\uff0c\u901a\u80c0\u98ce\u9669\u5df2\u6709\u6240\u6539\u5584\uff0c\u4f46\u901a\u80c0\u6570\u636e\u5e76\u4e0d\u5b8c\u7f8e\uff0c\u800c\u4e14\u653f\u7b56\u4f20\u5bfc\u6709\u6ede\u540e\uff08lags\uff0c\u6307\u4ece\u653f\u7b56\u63a8\u51fa\u5230\u5bf9\u7ecf\u6d4e\u4e0e\u901a\u80c0\u4ea7\u751f\u660e\u663e\u5f71\u54cd\u9700\u8981\u65f6\u95f4\uff09\u3002\u4ed6\u4e0d\u540c\u610f\u201c\u5173\u7a0e\u653f\u7b56\u5bfc\u81f4\u901a\u80c0\u8d85\u8c03\u201d\uff08inflation overshoot\uff0c\u6307\u901a\u80c0\u9ad8\u4e8e\u76ee\u6807\u6216\u9884\u671f\uff09\u7684\u8bf4\u6cd5\uff0c\u5e76\u79f0\u4eba\u5de5\u667a\u80fd\uff08AI\uff09\u5e26\u6765\u7684\u5f71\u54cd\u610f\u5473\u7740\u7f8e\u8054\u50a8\u5e94\u91cd\u65b0\u68c0\u89c6\u5176\u6a21\u578b\uff08models\uff0c\u6307\u7528\u4e8e\u9884\u6d4b\u7ecf\u6d4e\u4e0e\u901a\u80c0\u7684\u5206\u6790\u6a21\u578b\uff09\u3002<\/p>\n<p>\u6c83\u4ec0\u8868\u793a\uff0c\u66f4\u5c0f\u7684\u8d44\u4ea7\u8d1f\u503a\u8868\uff08balance sheet\uff0c\u6307\u7f8e\u8054\u50a8\u6301\u6709\u7684\u56fd\u503a\u3001\u62b5\u62bc\u8d37\u6b3e\u8bc1\u5238\u7b49\u8d44\u4ea7\u89c4\u6a21\uff09\u53ef\u80fd\u5e26\u6765\u66f4\u4f4e\u5229\u7387\u3001\u66f4\u597d\u7684\u901a\u80c0\u7ed3\u679c\u548c\u66f4\u5f3a\u7684\u7ecf\u6d4e\u3002\u4ed6\u5c06\u4e8e\u5468\u4e8c09:00 GMT\u4f5c\u8bc1\u3002<\/p>\n<p>CME FedWatch\u5de5\u5177\uff08\u829d\u5546\u6240\u57fa\u4e8e\u5229\u7387\u671f\u8d27\u63a8\u7b97\u5e02\u573a\u5bf9\u653f\u7b56\u5229\u7387\u7684\u6982\u7387\uff09\u663e\u793a\uff0c\u52302026\u5e74\u5e95\u653f\u7b56\u5229\u7387\u7ef4\u6301\u57283.5%\u20133.75%\u4e0d\u53d8\u7684\u6982\u7387\u7ea660%\u30021\u6708\u65f6\uff0c\u5e02\u573a\u9884\u8ba1\u4eca\u5e74\u5c06\u964d\u606f\u4e09\u6b21\u3001\u6bcf\u6b2125\u4e2a\u57fa\u70b9\uff08basis point\uff0c\u57fa\u70b9\uff1b1\u4e2a\u57fa\u70b9=0.01\u4e2a\u767e\u5206\u70b9\uff09\uff0c\u4f46\u5728\u7f8e\u56fd\u4e0e\u4ee5\u8272\u5217\u9488\u5bf9\u4f0a\u6717\u7684\u884c\u52a8\u63a8\u9ad8\u539f\u6cb9\u3001\u5e76\u5f15\u53d1\u901a\u80c0\u62c5\u5fe7\u540e\uff0c\u9884\u671f\u51fa\u73b0\u8f6c\u53d8\u3002<\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u7279\u6717\u666e\u63d0\u540d\u6c83\u4ec0\u63a5\u638c\u7f8e\u8054\u50a8\uff1a\u4e3b\u6253\u201c\u653f\u7b56\u5927\u91cd\u7f6e\u201d\uff0c\u4ee5\u63a7\u901a\u80c0\u7a33\u7269\u4ef7\u4e3a\u6838\u5fc3\uff0c\u5c11\u8c08\u5229\u7387\u8def\u5f84\u3001\u6de1\u5316QE\u6269\u8868\uff0c\u5f3a\u8c03\u5229\u7387\u5de5\u5177\u66f4\u516c\u5e73\uff0c\u5e76\u4fc3\u91cd\u5efa\u901a\u80c0\u6846\u67b6\u4e0e\u6c9f\u901a\u3002<\/p>\n","protected":false},"author":12,"featured_media":0,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[129],"tags":[],"class_list":["post-45225","post","type-post","status-publish","format-standard","hentry","category-live-updates"],"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.vtmarketsmy.com\/cn\/wp-json\/wp\/v2\/posts\/45225","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vtmarketsmy.com\/cn\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vtmarketsmy.com\/cn\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vtmarketsmy.com\/cn\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtmarketsmy.com\/cn\/wp-json\/wp\/v2\/comments?post=45225"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarketsmy.com\/cn\/wp-json\/wp\/v2\/posts\/45225\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarketsmy.com\/cn\/wp-json\/wp\/v2\/media?parent=45225"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarketsmy.com\/cn\/wp-json\/wp\/v2\/categories?post=45225"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarketsmy.com\/cn\/wp-json\/wp\/v2\/tags?post=45225"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}