<\/span> <\/p>\n
\u3000\u3000\u6765\u6e90\uff1a\u56fd\u9645\u91d1\u878d\u62a5<\/p>\n
\u3000\u3000\u5f53\u5730\u65f6\u95f46\u670815\u65e5\uff0c\u7f8e\u56fd\u8054\u90a6\u516c\u5f00\u5e02\u573a\u59d4\u5458\u4f1a\uff08FOMC\uff09\u516c\u5e03\u6700\u65b0\u5229\u7387\u51b3\u8bae\uff0c\u5ba3\u5e03\u52a0\u606f75\u4e2a\u57fa\u70b9\uff0c\u5c06\u653f\u7b56\u5229\u7387\u8054\u90a6\u57fa\u91d1\u5229\u7387\u7684\u76ee\u6807\u533a\u95f4\u4ece0.75%\u81f31.00%\u5347\u81f31.50%\u81f31.75%\uff0c\u8fd9\u662f1994\u5e7411\u6708\u4ee5\u6765\u7f8e\u8054\u50a8\u6700\u5927\u7684\u5355\u6b21\u52a0\u606f\u5e45\u5ea6\u3002<\/font><\/p>\n \u3000\u3000\u98d9\u5347\u7684\u901a\u80c0\u6570\u636e\u3001\u7f8e\u56fd\u7ecf\u6d4e\u524d\u666f\u8fc5\u901f\u6076\u5316\u662f\u7f8e\u8054\u50a8\u6fc0\u8fdb\u52a0\u606f\u7684\u4e3b\u56e0\u3002<\/p>\n \u3000\u3000\u7f8e\u8054\u50a8\u4e3b\u5e2d\u9c8d\u5a01\u5c14\u5728\u4f1a\u540e\u7684\u65b0\u95fb\u53d1\u5e03\u4f1a\u4e0a\u8868\u793a\uff0c\u6700\u65b075\u4e2a\u57fa\u70b9\u7684\u52a0\u606f\u51b3\u5b9a\u662f\u201c\u4e0d\u540c\u5bfb\u5e38\u201d\u7684\u5927\u5e45\u5ea6\uff0c\u4e0d\u4f1a\u6210\u4e3a\u5e38\u6001\u3002\u4f46\u662f\u4e3a\u4e86\u4f7f\u901a\u80c0\u6062\u590d\u6b63\u5e38\uff0c\u4e0b\u4e00\u6b21\u6709\u53ef\u80fd\u52a0\u606f50\u621675\u4e2a\u57fa\u70b9\u3002<\/p>\n \u3000\u3000\u6b64\u5916\uff0c\u7f8e\u8054\u50a8\u4e0b\u8c03\u4e862022\u81f32024\u5e74\u7684\u7ecf\u6d4e\u589e\u957f\u9884\u6d4b\uff0c\u4e0a\u8c03\u4e86\u901a\u80c0\u9884\u6d4b\u3002<\/font><\/p>\n \u3000\u3000\u7f8e\u80a1\u6b64\u524d\u5df2\u7ecf\u8fde\u8dcc\u591a\u65e5\u6d88\u5316\u6fc0\u8fdb\u52a0\u606f\u9884\u671f\uff0c\u622a\u81f3\u6536\u76d8\uff0c\u6807\u666e500\u6307\u6570\u6536\u6da854.51\u70b9\uff0c\u6da8\u5e451.46%\uff0c\u62a53789.99\u70b9\uff0c\u4ecd\u5904\u4e8e\u718a\u5e02\u533a\u95f4\uff0c\u8f831\u6708\u521d\u9ad8\u70b9\u8dcc\u8d8521%\uff1b\u9053\u6307\u6536\u6da8303.7\u70b9\uff0c\u6da8\u5e451%\uff0c\u62a530668.53\u70b9\uff1b\u7eb3\u6307\u6536\u6da8270.80\u70b9\uff0c\u6da8\u5e452.50%\uff0c\u62a511099.15\u70b9\u3002<\/p>\n \u3000\u3000\u7f8e\u8054\u50a8\u5ba3\u5e03\u52a0\u606f\u540e\uff0c\u4e2d\u4e1c\u56fd\u5bb6\u7684\u592e\u884c\u4e5f\u8fc5\u901f\u884c\u52a8\u3002<\/font><\/font>\u5df4\u6797\u592e\u884c\u3001\u963f\u8054\u914b\u592e\u884c\u5ba3\u5e03\u52a0\u606f75\u4e2a\u57fa\u70b9\uff0c\u6c99\u7279\u8d27\u5e01\u7ba1\u7406\u5c40\u5ba3\u5e03\u52a0\u606f50\u4e2a\u57fa\u70b9\uff0c\u79d1\u5a01\u7279\u592e\u884c\u5ba3\u5e03\u52a0\u606f25\u4e2a\u57fa\u70b9\u3002\u6b64\u5916\uff0c\u5df4\u897f\u592e\u884c\u4e5f\u5ba3\u5e03\u52a0\u606f50\u4e2a\u57fa\u70b9\u3002\u9999\u6e2f\u91d1\u7ba1\u5c40\u521a\u521a\u5c06\u57fa\u51c6\u5229\u7387\u4e0a\u8c0375\u4e2a\u57fa\u70b9\u81f32%\u3002<\/font><\/p>\n \u3000\u3000\u6fc0\u8fdb\u52a0\u606f<\/font><\/p>\n \u3000\u3000\u4eca\u5e74\u4ee5\u6765\uff0c\u7f8e\u8054\u50a8\u5df2\u7ecf\u52a0\u606f\u4e09\u6b21\uff0c\u57283\u6708\u548c5\u6708\u5206\u522b\u52a0\u606f25\u4e2a\u57fa\u70b9\u548c50\u4e2a\u57fa\u70b9\uff0c\u672c\u6b21\u52a0\u606f75\u4e2a\u57fa\u70b9\u4ee510\uff1a1\u7684\u6295\u7968\u7ed3\u679c\u901a\u8fc7\uff0c\u53ea\u6709\u582a\u8428\u65af\u57ce\u8054\u50a8\u4e3b\u5e2d\u4e54\u6cbb\uff08Esther George\uff09\u53cd\u5bf9\uff0c\u4ed6\u4e3b\u5f20\u52a0\u606f50\u4e2a\u57fa\u70b9\u3002<\/p>\n \u3000\u3000\u672c\u6b21\u4f1a\u540e\u516c\u5e03\u7684\u7f8e\u8054\u50a8\u5b98\u5458\u9884\u671f\u672a\u6765\u5229\u7387\u6c34\u5e73\u70b9\u9635\u56fe\u663e\u793a\uff0c\u76f8\u6bd4\u4eca\u5e743\u6708\u7684\u7ed3\u679c\uff0c\u6b64\u6b21\u8054\u50a8\u5b98\u5458\u7684\u8fd1\u4e24\u5e74\u52a0\u606f\u9884\u6d4b\u660e\u663e\u66f4\u4e3a\u6fc0\u8fdb\u3002<\/font><\/p>\n \u3000\u3000\u6839\u636e\u70b9\u9635\u56fe\uff0c\u6240\u6709\u8054\u50a8\u5b98\u5458\u90fd\u9884\u8ba1\uff0c\u5230\u4eca\u5e74\u5e95\uff0c\u653f\u7b56\u5229\u7387\u8054\u90a6\u57fa\u91d1\u5229\u7387\u5c06\u5347\u81f33.0%\u4ee5\u4e0a\uff0c\u800c5\u6708\u8fd9\u6837\u9884\u671f\u7684\u5b98\u5458\u53ea\u6709\u4e00\u4eba\u3002\u67098\u4eba\uff08\u5360\u603b\u4eba\u6570\u768444%\uff09\u9884\u8ba1\u6700\u7ec8\u5347\u81f33.25%\u52303.50%\uff0c5\u4eba\u9884\u8ba1\u5347\u81f33.5%\u4ee5\u4e0a\uff0c5\u4eba\u9884\u8ba1\u5347\u81f33.0%\u81f33.25%\u3002<\/p>\n \u3000\u3000\u829d\u5546\u6240\uff08CME\uff09\u7f8e\u8054\u50a8\u89c2\u5bdf\u663e\u793a\uff0c\u7f8e\u8054\u50a8\u57287\u6708\u670993.4%\u7684\u6982\u7387\u52a0\u606f75\u4e2a\u57fa\u70b9\uff0c9\u6708\u52a0\u606f50\u4e2a\u57fa\u70b9\u7684\u6982\u7387\u4e3a55%\u3002<\/p>\n \u3000\u3000\u9c8d\u5a01\u5c14\u5728\u4f1a\u540e\u7684\u65b0\u95fb\u53d1\u5e03\u4f1a\u4e0a\u6307\u51fa\uff0c6\u6708\u653f\u7b56\u51b3\u5b9a\u662f\u4e3a\u4e86\u5c06\u901a\u80c0\u9884\u671f\u951a\u5b9a\u57282%\uff0c\u9884\u8ba1\u52a0\u606f75\u4e2a\u57fa\u70b9\u4e0d\u4f1a\u6210\u4e3a\u5e38\u6001\u30027\u6708\u4efd\u5c06\u52a0\u606f50\u621675\u4e2a\u57fa\u70b9\uff0c\u52a0\u606f\u6b65\u4f10\u5c06\u53d6\u51b3\u4e8e\u672a\u6765\u7684\u7ecf\u6d4e\u6570\u636e\u3002\u9884\u8ba1\u52302022\u5e74\u590f\u5b63\u672b\uff0c\u8054\u90a6\u57fa\u91d1\u5229\u7387\u5c06\u88ab\u63d0\u5347\u81f32.0%-3.0%\u3002\u5e0c\u671b\u52302022\u5e74\u5e74\u5e95\u53ef\u4ee5\u52a0\u606f\u81f33.0%-3.5%\u8fd9\u6837\u5177\u6709\u9650\u5236\u6027\u7684\u6c34\u5e73\u3002<\/p>\n \u3000\u3000MAI Capital Management\u7684\u9996\u5e2d\u80a1\u7968\u7b56\u7565\u5e08Christopher 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\u3000\u3000\u5173\u4e8e\u7f8e\u56fd\u7ecf\u6d4e\u73b0\u72b6\uff0c\u7f8e\u8054\u50a8\u5728\u58f0\u660e\u4e2d\u8868\u793a\uff0c\u6574\u4f53\u7ecf\u6d4e\u6d3b\u52a8\u5728\u7b2c\u4e00\u5b63\u5c0f\u5e45\u4e0b\u964d\u540e\u4f3c\u4e4e\u5df2\u6709\u6240\u56de\u5347\u3002\u6700\u8fd1\u51e0\u4e2a\u6708\u5c31\u4e1a\u589e\u957f\u5f3a\u52b2\uff0c\u4e14\u5931\u4e1a\u7387\u4fdd\u6301\u5728\u4f4e\u4f4d\u3002\u901a\u80c0\u4ecd\u7136\u9ad8\u4f01\uff0c\u53cd\u6620\u51fa\u4e0e\u75ab\u60c5\u6709\u5173\u7684\u4f9b\u9700\u5931\u8861\u3001\u80fd\u6e90\u4ef7\u683c\u4e0a\u6da8\u548c\u66f4\u5e7f\u6cdb\u7684\u7269\u4ef7\u538b\u529b\u3002<\/p>\n 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\u3000\u3000\u8fd1\u671f\uff0c\u7f8e\u56fd2\u5e74\u671f\u548c10\u5e74\u671f\u56fd\u503a\u6536\u76ca\u7387\u51fa\u73b0\u5012\u6302\uff0c\u81ea1955\u5e74\u4ee5\u6765\uff0c\u6bcf\u6b21\u7f8e\u503a\u6536\u76ca\u7387\u5012\u6302\u5f80\u5f80\u610f\u5473\u7740\u7ecf\u6d4e\u8870\u9000\u7684\u51fa\u73b0\u3002<\/p>\n \u3000\u3000\u672c\u6b21\u4f1a\u8bae\u4e0a\uff0c\u9c8d\u5a01\u5c14\u8868\u793a\uff0c\u7f8e\u8054\u50a8\u73b0\u5728\u4e0d\u4f1a\u8bd5\u56fe\u8bf1\u53d1\u7f8e\u56fd\u7ecf\u6d4e\u8870\u9000\u3002<\/font><\/font>\u7f8e\u56fd\u7ecf\u6d4e\u5bf9\u52a0\u606f\u8fdb\u884c\u4e86\u5145\u5206\u7684\u51c6\u5907\u3002\u6d88\u8d39\u8005\u6b63\u5728\u6d88\u8d39\uff0c\u6ca1\u6709\u8ff9\u8c61\u8868\u660e\u7ecf\u6d4e\u5c06\u51fa\u73b0\u66f4\u5927\u8303\u56f4\u7684\u653e\u7f13\u3002<\/font><\/p>\n \u3000\u3000\u5f53\u88ab\u5a92\u4f53\u95ee\u53ca\u7f8e\u56fd\u7ecf\u6d4e\u80fd\u5426\u201c\u8f6f\u7740\u9646\u201d\u65f6\uff0c\u9c8d\u5a01\u5c14\u56de\u7b54\u9053\uff0c\u201c\u8fd9\u5c06\u53d6\u51b3\u4e8e\u6211\u4eec\u65e0\u6cd5\u63a7\u5236\u7684\u56e0\u7d20\uff0c\u5927\u5b97\u5546\u54c1\u4ef7\u683c\u7684\u6ce2\u52a8\u53ef\u80fd\u4f1a\u4f7f\u6211\u4eec\u5931\u53bb\u2018\u8f6f\u7740\u9646\u2019\u7684\u53ef\u80fd\u6027\u3002\u201d<\/p>\n \u3000\u3000Angeles Investment Advisors\u9996\u5e2d\u6295\u8d44\u5b98Michael Rosen\u8ba4\u4e3a\uff0c\u7f8e\u8054\u50a8\u6b63\u5904\u4e8e\u4e00\u4e2a\u975e\u5e38\u56f0\u96be\u7684\u5883\u5730\u3002\u201c\u4ed6\u4eec\u9519\u8bef\u5730\u51b3\u5b9a\u4e86\u8d27\u5e01\u653f\u7b56\uff0c\u5e76\u5141\u8bb8\u901a\u80c0\u7ee7\u7eed\u4e0a\u5347\u3002\u6839\u672c\u6ca1\u6709\u8ff9\u8c61\u8868\u660e\u901a\u80c0\u6b63\u5728\u8f6c\u5411\uff0c\u800c\u8fd9\u53d1\u751f\u5728\u4e00\u4e9b\u7ecf\u6d4e\u6570\u636e\u75b2\u8f6f\u7684\u65f6\u5019\u3002\u6bd4\u5982\u521a\u521a\u516c\u5e03\u7684\u7f8e\u56fd5\u6708\u96f6\u552e\u9500\u552e\u6708\u7387\u4e0b\u964d0.3%\uff0c\u9884\u671f\u4e3a\u589e\u957f0.2%\uff0c\u51fa\u73b0\u4e94\u4e2a\u6708\u6765\u9996\u6b21\u4e0b\u964d\u3002\u6240\u8c13\u7684\u7ecf\u6d4e\u2018\u8f6f\u7740\u9646\u2019\u770b\u8d77\u6765\u8d8a\u6765\u8d8a\u4e0d\u53ef\u80fd\u201d\u3002<\/p>\n \u3000\u3000\u6839\u636e\u829d\u52a0\u54e5\u5927\u5b66\u5e03\u65af\u5546\u5b66\u966212\u65e5\u516c\u5e03\u7684\u4e00\u9879\u6700\u65b0\u8c03\u67e5\u7ed3\u679c\uff0c\u8fd170%\u63a5\u53d7\u95ee\u8c03\u7684\u7ecf\u6d4e\u5b66\u5bb6\u8ba4\u4e3a\uff0c\u7f8e\u56fd\u7ecf\u6d4e\u660e\u5e74\u5c06\u9677\u5165\u8870\u9000\u3002<\/p>\n \u3000\u3000\u534e\u5c14\u8857\u60c5\u7eea\u60b2\u89c2<\/font><\/p>\n \u3000\u3000\u7f8e\u8054\u50a8\u52a0\u5feb\u6536\u7f29\u8d27\u5e01\u653f\u7b56\u7684\u9884\u671f\u4ee4\u534e\u5c14\u8857\u98ce\u58f0\u9e64\u5533\uff0c\u867d\u7136\u7f8e\u8054\u50a8\u516c\u5e03\u5229\u7387\u51b3\u8bae\u5f53\u5929\u7f8e\u80a1\u6536\u76d8\u4e0a\u6da8\uff0c\u4f46\u6b64\u524d\u5df2\u7ecf\u8fde\u7eed\u591a\u65e5\u4e0b\u8dcc\uff0c\u8fdb\u5165\u718a\u5e02\u533a\u95f4\u3002<\/p>\n 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\u3000\u3000\u7f8e\u56fd\u94f6\u884c\u6700\u65b0\u6708\u5ea6\u8c03\u67e5\u663e\u793a\uff0c\u9e70\u6d3e\u592e\u884c\u88ab\u6295\u8d44\u8005\u89c6\u4e3a\u5e02\u573a\u9762\u4e34\u7684\u6700\u5927\u5c3e\u90e8\u98ce\u9669\uff0c\u5168\u7403\u7ecf\u6d4e\u8870\u9000\u662f\u7b2c\u4e8c\u5927\u98ce\u9669\uff0c\u57fa\u91d1\u7ecf\u7406\u5bf9\u5168\u7403\u7ecf\u6d4e\u524d\u666f\u7684\u60b2\u89c2\u60c5\u7eea\u8fbe\u5230\u5386\u53f2\u4e4b\u6700\uff0c\u5bf9\u6ede\u80c0\u7684\u62c5\u5fe7\u8fbe\u52302008\u5e74\u91d1\u878d\u5371\u673a\u4ee5\u6765\u7684\u6700\u9ad8\u6c34\u5e73\u3002\u7f8e\u94f6\u9996\u5e2d\u5168\u7403\u80a1\u7968\u7b56\u7565\u5e08Michael Hartnett\u5728\u62a5\u544a\u4e2d\u5199\u9053\uff0c\u534e\u5c14\u8857\u60b2\u89c2\u60c5\u7eea\u582a\u5fe7\u3002<\/font><\/p>\n 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\u3000\u3000\u5bf9\u4e2d\u56fd\u6709\u54ea\u4e9b\u5f71\u54cd<\/font><\/p>\n \u3000\u3000\u4eca\u5e74\u4ee5\u6765\uff0c\u5168\u7403\u591a\u56fd\u592e\u884c\u5f00\u542f\u6216\u52a0\u901f\u52a0\u606f\u8fdb\u7a0b\u3002\u4e0a\u5468\uff0c\u5370\u5ea6\u3001\u6fb3\u5927\u5229\u4e9a\u518d\u6b21\u5f00\u542f\u65b0\u7684\u52a0\u606f\u5468\u671f\u3002\u6b27\u6d32\u592e\u884c\u4e5f\u5ba3\u5e03\u7ec8\u7ed3\u91cf\u5bbd\uff0c\u5c06\u4e8e7\u6708\u52a0\u606f\u3002\u672c\u5468\u9664\u4e86\u7f8e\u8054\u50a8\uff0c\u82f1\u56fd\u592e\u884c\u3001\u65e5\u672c\u592e\u884c\u7b49\u90fd\u5c06\u516c\u5e03\u5229\u7387\u51b3\u8bae\u3002\u4e2d\u56fd\u592e\u884c\u4e0b\u4e00\u6b65\u64cd\u4f5c\u5f15\u4eba\u5173\u6ce8\u3002<\/p>\n 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