{"id":13858,"date":"2022-05-07T17:09:59","date_gmt":"2022-05-07T21:09:59","guid":{"rendered":"https:\/\/nacr.info\/WordPress\/?p=13858"},"modified":"2022-05-07T17:12:29","modified_gmt":"2022-05-07T21:12:29","slug":"why-is-the-fed-so-late-in-raising-rates-why-is-the-fed-so-cautious-about-raising-rates","status":"publish","type":"post","link":"https:\/\/nacr.info\/WordPress\/index.php\/2022\/05\/07\/why-is-the-fed-so-late-in-raising-rates-why-is-the-fed-so-cautious-about-raising-rates\/","title":{"rendered":"\u8bc4\u8bba\uff1a\u4e3a\u4ec0\u4e48\u8054\u50a8\u5c40\u52a0\u606f\u59d7\u59d7\u6765\u8fdf\uff1f\u4e3a\u4ec0\u4e48\u7f8e\u8054\u50a8\u52a0\u606f\u90a3\u4e48\u5c0f\u5fc3\uff1f"},"content":{"rendered":"\n<p>&nbsp; &nbsp;<\/p>\n\n\n\n<p class=\"has-text-align-right has-normal-font-size\">\u4f5c\u8005\uff1a\u9646\u6587\u79be \/ 2022.05.06<br>\u53d1\u7a3f\uff1a2022.05.07<\/p>\n\n\n\n<p style=\"font-size:19px\"><span style=\"color:#000693\" class=\"has-inline-color\">\u8fd9\u770b\u4f3c\u91d1\u878d\u9886\u57df\u7684\u8ba8\u8bba\uff0c\u4f46\u7531\u6b64\u5f15\u53d1\u7684\u95ee\u9898\u4e0e\u6c11\u751f\u6709\u5173\uff0c\u4e8e\u662f\u62ff\u6765\u8001\u8c03\u91cd\u5f39\u3002&nbsp;<\/span><\/p>\n\n\n\n<p style=\"font-size:19px\"><span style=\"color:#000693\" class=\"has-inline-color\">\u7f8e\u56fd\u7ecf\u6d4e\u8fc7\u70ed\u3001\u62dc\u767b\u653f\u5e9c\u4e71\u53d1\u798f\u5229\u3001\u7f8e\u8054\u50a8\u91cf\u5316\u5bbd\u677e\u592a\u957f\u592a\u5927\u3001\u761f\u75ab\u9020\u6210\u7684\u4f9b\u5e94\u94fe\u65ad\u88c2\u4ee5\u53ca\u751f\u4ea7\u4e0b\u964d\uff0c\u9020\u6210\u4e86\u7f8e\u56fd40\u5e74\u6765\u6700\u4e25\u91cd\u7684\u901a\u8d27\u81a8\u80c0\u3002\u901a\u8d27\u81a8\u80c0\u7684\u901f\u5ea6\u4e0e\u5f3a\u5ea6\u90fd\u8d85\u51fa\u4e86\u7f8e\u8054\u50a8\u7684\u4f30\u8ba1\u3002\u5bf9\u4e8e\u7ecf\u6d4e\u8d8b\u52bf\u7684\u8bef\u5224\uff0c\u4f7f\u7f8e\u8054\u50a8\u7ea0\u9519\u7684\u63aa\u65bd\u4e5f\u4ea6\u62d6\u540e\u3002<\/span>&nbsp;<\/p>\n\n\n\n<p style=\"font-size:19px\"><span style=\"color:#000693\" class=\"has-inline-color\">\u4e00\u76f4\u52302021\u5e747\u6708\uff0c\u7f8e\u8054\u50a8\u7ec8\u4e8e\u77e5\u9053\u901a\u8d27\u81a8\u80c0\u4e0d\u4f1a\u81ea\u884c\u6d88\u5931\uff0c\u9700\u8981\u8ba4\u771f\u5bf9\u5f85\uff0c\u4e8e\u662f\u51b3\u5b9a\u9010\u6b65\u653e\u6162\u91cf\u5316\u5bbd\u677e\u81f32022\u5e746\u6708\u3002\u5230\u4e862021\u5e7411\u6708\uff0c\u7f8e\u8054\u50a8\u610f\u8bc6\u5230\u901a\u8d27\u81a8\u80c0\u6765\u52bf\u66f4\u52a0\u51f6\u731b\uff0c\u5c31\u628a\u91cf\u5316\u5bbd\u677e\u7ed3\u675f\u7684\u671f\u9650\u63d0\u524d\u52302022\u5e743\u6708\u3002\u800c\u5176\u5b9e2022\u5e741\u6708\uff0c\u91cf\u5316\u5bbd\u677e\u5c31\u505c\u6b62\u4e86\u3002\u800c\u73b0\u5728\u7684\u91cf\u5316\u7d27\u7f29\uff0c\u53ea\u662f\u4ece2022\u5e742\u6708\u5f00\u59cb\u8c08\uff0c\u8fd8\u662f\u6ca1\u6709\u5f00\u59cb\u3002<\/span>&nbsp;<\/p>\n\n\n\n<p style=\"font-size:19px\"><span style=\"color:#000693\" class=\"has-inline-color\">\u300a\u7ecf\u6d4e\u5b66\u4eba\u300b\u65e9\u5c31\u8bf4\u91cf\u5316\u7d27\u7f29\u4f1a\u662f\u6bcf\u4e2a\u6708950\u4ebf\u7f8e\u5143\u3002\u300a\u534e\u5c14\u8857\u65e5\u62a5\u300b5\u67084\u65e5\u62a5\u9053\u7684\u91cf\u5316\u7d27\u7f29\u7684\u6b65\u4f10\u6bd4\u300a\u7ecf\u6d4e\u5b66\u4eba\u300b\u8981\u653e\u7f13\u4e00\u4e9b\uff0c\u5c31\u662f\u8981\u4ece2022\u5e749\u6708\u4efd\u5f00\u59cb\u3002\u57282022\u5e746\u30017\u30018\u6708\u4efd\u7684\u4e09\u4e2a\u6708\u6bcf\u4e2a\u6708\u7f8e\u8054\u50a8\u7684\u91cf\u5316\u5bbd\u677e\u7684\u5f62\u5f0f\u662f\u88ab\u52a8\u7684\uff0c\u5c31\u662f\u8ba9475\u4ebf\u7f8e\u5143\u7684\u503a\u5238\u5230\u671f\u4e4b\u540e\uff0c\u4e0d\u518d\u53bb\u5e02\u573a\u4e0a\u7eed\u4e70\u3002\u4e5f\u5c31\u662f\u8bf4\u91cf\u5316\u7d27\u7f29\u7684\u5e45\u5ea6\u5728\u4e00\u4e2a\u5b63\u5ea6\u5185\u51cf\u4e86\u4e00\u534a\uff0c\u7136\u540e\u624d\u56de\u5230\u6b63\u5e38\u8f68\u9053\u7684950\u4ebf\u7f8e\u5143\u4e00\u4e2a\u6708\u3002&nbsp;<\/span><\/p>\n\n\n\n<p style=\"font-size:19px\"><span style=\"color:#000693\" class=\"has-inline-color\">\u4ed6\u4eec\u7684\u539f\u8bdd\u662f\uff1a\u201c<\/span><span style=\"color:#0000ff\" class=\"has-inline-color\">\u4ed6\u4eec\u5c06\u5f00\u59cb\u88ab\u52a8\u5730\u7f29\u51cf\u5927\u91cf\u6301\u6709\u7684\u56fd\u503a\u548c\u62b5\u62bc\u8d37\u6b3e\u8bc1\u5238\uff0c\u5141\u8bb8\u503a\u5238\u5230\u671f\uff0c\u800c\u65e0\u9700\u5c06\u6536\u76ca\u518d\u6295\u8d44\u4e8e\u65b0\u8bc1\u5238\uff0c\u800c\u4e0d\u662f\u5728\u516c\u5f00\u5e02\u573a\u4e0a\u51fa\u552e\u3002 \u5b98\u5458\u4eec\u5c06\u5141\u8bb8\u9ad8\u8fbe300\u4ebf\u7f8e\u5143\u56fd\u503a\u548c175\u4ebf\u7f8e\u5143\u7684\u62b5\u62bc\u8d37\u6b3e\u503a\u5238\u57286\u6708\u30017\u6708\u548c8\u6708\u6bcf\u6708\u6eda\u51fa\u3002\u5728\u90a3\u4e4b\u540e\uff0c\u4ed6\u4eec\u5c06\u5141\u8bb8\u6bcf\u6708600\u4ebf\u7f8e\u5143\u7684\u56fd\u503a\u548c350\u4ebf\u7f8e\u5143\u7684\u62b5\u62bc\u8d37\u6b3e\u8bc1\u5238\u6d41\u5931\u3002\u51cf\u5c11\u6295\u8d44\u7ec4\u5408\u662f\u6d88\u9664\u523a\u6fc0\u63aa\u65bd\u548c\u63d0\u9ad8\u501f\u8d37\u6210\u672c\u7684\u53e6\u4e00\u79cd\u65b9\u5f0f\u3002<\/span><span style=\"color:#000693\" class=\"has-inline-color\">\u201d&nbsp;<\/span><\/p>\n\n\n\n<p style=\"font-size:19px\"><span style=\"color:#000693\" class=\"has-inline-color\">\u7f8e\u8054\u50a8\u7684\u5177\u4f53\u63aa\u65bd\u5c31\u662f\u52a0\u606f\uff0c\u662f\u5c0f\u5fc3\u7ffc\u7ffc\u7684\u3001\u63a2\u7d22\u6027\u7684\u52a0\u606f\u3002\u4e09\u6708\u4efd\u52a0\u606f\uff0c\u4e8b\u524d\u5927\u5bb6\u90fd\u8bf4\u4f1a\u52a00.5%\uff0c\u5b9e\u9645\u53ea\u52a0\u4e860.25%\u3002\u4e8e\u662f\u80a1\u5e02\u5927\u6da8\u3002\u4e94\u6708\u4efd\u524d\uff0c\u5f88\u591a\u4eba\u4f30\u8ba1\u4f1a\u52a0\u606f0.75%\uff0c \u4f46\u662f\u7f8e\u8054\u50a8\u52a0\u4e860.5%\uff0c\u4e8e\u662f\u80a1\u5e02\u53c8\u5927\u6da8\u3002\u8fd9\u662f\u56e0\u4e3a\u7f8e\u8054\u50a8\u5c3d\u91cf\u5c0f\u5fc3\u7ffc\u7ffc\u3002&nbsp;<\/span><\/p>\n\n\n\n<p style=\"font-size:19px\"><span style=\"color:#000693\" class=\"has-inline-color\">\u4e3a\u4ec0\u4e48\u7f8e\u8054\u50a8\u52a0\u606f\u90a3\u4e48\u5c0f\u5fc3\uff1f&nbsp;<\/span><\/p>\n\n\n\n<p style=\"font-size:19px\"><span style=\"color:#000693\" class=\"has-inline-color\">\u76f4\u63a5\u5730\u56de\u7b54\u662f\uff1a\u8fd9\u662f\u7f8e\u8054\u50a8\u4f5c\u4e3a\u7f8e\u56fd\u7684\u4e2d\u592e\u94f6\u884c\uff0c\u5bf9\u7740\u7f8e\u56fd\u7684\u79c1\u4eba\u516c\u53f8\u7684\u4e00\u7247\u5584\u610f\uff0c\u505a\u51fa\u6700\u5927\u7684\u8868\u8fbe\u3002&nbsp;<\/span><\/p>\n\n\n\n<p style=\"font-size:19px\"><span style=\"color:#000393\" class=\"has-inline-color\">\u6211\u4eec\u8981\u660e\u767d\u5728\u7f8e\u56fd\u516c\u53f8\u7684\u8d22\u52a1\u62a5\u8868\u91cc\u9762\u6298\u6263\u7387\uff08discount rate\uff09\u7684\u91cd\u8981\u6027\u3002 \u6240\u6709\u5927\u516c\u53f8\u90fd\u5fc5\u987b\u6709\u672a\u6765\u7684\u4e1a\u52a1\uff0c\u4e00\u4e2a\u516c\u53f8\u53ea\u8981\u7275\u6d89\u5230\u4e86\u672a\u6765\u7684\u4e1a\u52a1\uff0c\u7b97\u8d26\u7684\u529e\u6cd5\uff0c\u5c31\u5fc5\u987b\u7528\u5230\u8fd9\u4e2a\u6298\u6263\u7387\u3002\u6bd4\u5982\u4eca\u5929\u76841000\u7f8e\u91d1\u548c\u4e00\u5e74\u4ee5\u540e\u7684\u4eca\u5929\u76841000\u7f8e\u91d1\u4e0d\u540c\uff0c \u56e0\u4e3a\u4e00\u5e74\u4ee5\u540e\u7684\u94b1\u5012\u7b97\u56de\u6765\uff0c\u4e0d\u503c\u4eca\u5929\u76841000\u7f8e\u91d1\u3002\u600e\u4e48\u7b97\uff1f \u5c31\u662f1000\/(1+\u6298\u6263\u7387)\u3002\u4e0d\u540c\u7684\u516c\u53f8\u53ef\u4ee5\u9009\u62e9\u4e0d\u540c\u7684\u6298\u6263\u7387\u3002\u4f46\u662f\u6240\u6709\u7684\u6298\u6263\u7387\u90fd\u8981\u8ddf\u7740\u7f8e\u56fd\u653f\u5e9c\u7684\u503a\u5238\u7684\u5229\u7387\u8d70\u3002\u7f8e\u56fd\u653f\u5e9c\u7684\u503a\u5238\u7684\u5229\u7387\u4e00\u589e\u52a0\uff0c\u5404\u5927\u516c\u53f8\u7684\u8d26\u6240\u7528\u7684\u6298\u6263\u7387\u5c31\u8981\u8ddf\u7740\u589e\u52a0\u3002\u672a\u6765\u7684\u6536\u5165\u548c\u652f\u51fa\u90fd\u4f1a\u9700\u8981\u7528\u65b0\u7684\u6298\u6263\u7387\u91cd\u65b0\u7b97\u8fc7\u3002\u603b\u4f53\u6765\u8bf4\uff0c\u5404\u5927\u516c\u53f8\u7684\u4ef7\u503c\u7684\u8ba1\u7b97\u503c\u5728\u5229\u7387\u589e\u52a0\u7684\u72b6\u51b5\u4e0b\uff0c\u90fd\u4f1a\u51cf\u5c11\uff0c\u90fd\u4f1a\u7f29\u6c34\u3002&nbsp;<\/span><\/p>\n\n\n\n<p style=\"font-size:19px\"><span style=\"color:#000693\" class=\"has-inline-color\">\u53e6\u5916\u91cf\u5316\u7d27\u7f29\u7684\u540e\u679c\u662f\u5e02\u9762\u4e0a\u7684\u53ef\u8d37\u6b3e\u7f8e\u5143\u91cf\u51cf\u5c11\uff0c\u4e5f\u4f7f\u5f97\u6c11\u95f4\u8d37\u6b3e\u7684\u5229\u7387\u589e\u52a0\u3002\u548c\u7f8e\u8054\u50a8\u52a0\u606f\u662f\u540c\u4e00\u65b9\u5411\u7684\u91d1\u878d\u653f\u7b56\uff0c\u4e5f\u662f\u786c\u5239\u8f66\u7684\u65b9\u5f0f\u3002\u7f8e\u8054\u50a8\u7684\u4e3b\u5e2d<strong>\u9c8d\u5a01\u5c14<\/strong>\uff08Jerome Powell\uff09\u8bf4\u7f8e\u8054\u50a8\u6709\u63a7\u5236\u901a\u80c0\u7684\u624b\u6bb5\uff0c\u5230\u76ee\u524d\u4e3a\u6b62\uff0c\u6211\u4eec\u53ea\u770b\u5230\u8fd9\u4e24\u62db\u3002&nbsp;<\/span><\/p>\n\n\n\n<p style=\"font-size:19px\"><span style=\"color:#000693\" class=\"has-inline-color\">\u7f8e\u56fd\u662f\u4e00\u4e2a\u6210\u719f\u7684\u8d44\u672c\u4e3b\u4e49\u7ecf\u6d4e\u4f53\u5236\uff0c\u6709\u7740\u76f8\u5f53\u7a0b\u5ea6\u7684\u4e92\u76f8\u7684\u7ade\u4e89\uff0c\u800c\u4e14\u662f\u4e00\u4e2a\u8d8b\u5411\u9971\u548c\u7684\u8d44\u672c\u4e3b\u4e49\u5236\u5ea6\u3002\u7f8e\u56fd\u7684\u5404\u5927\u516c\u53f8\u7684\u8d22\u52a1\u90fd\u5df2\u7ecf\u6ca1\u6709\u591a\u5c11\u7684\u7a7a\u95f4\u53ef\u4ee5\u5bb9\u5fcd\u7a81\u53d1\u7684\u6076\u6027\u4e8b\u4ef6\u53d1\u751f\u3002\u5229\u7387\u7684\u7684\u5e73\u7a33\u5728\u8fc7\u53bb\u7684\u4e09\u56db\u5341\u5e74\u5185\uff0c\u4f7f\u5f97\u5404\u5927\u516c\u53f8\u7684\u5e02\u503c\u4e5f\u540c\u6837\u5730\u5e73\u7a33\u3002 \u5230\u4e86\u73b0\u5728\u5229\u7387\u5927\u5e45\u5ea6\u589e\u52a0\uff0c\u90a3\u5c31\u4f1a\u6709\u4e00\u6279\u5927\u516c\u53f8\uff0c\u4e2d\u7b49\u516c\u53f8\u548c\u5c0f\u516c\u53f8\u7684\u8d26\u51fa\u73b0\u4e8f\u635f\u3002\u4e5f\u5c31\u662f\u8bf4\uff0c\u5728\u5546\u4e1a\u7684\u4e1a\u52a1\u6ca1\u6709\u4efb\u4f55\u6539\u53d8\u7684\u72b6\u51b5\u4e0b\uff0c\u5229\u7387\u7684\u4e0a\u4e0b\uff0c\u5c31\u53ef\u4ee5\u5bfc\u81f4\u516c\u53f8\u8d26\u9762\u7684\u76c8\u4e8f\u3002<\/span>&nbsp;<\/p>\n\n\n\n<p style=\"font-size:19px\"><span style=\"color:#000693\" class=\"has-inline-color\">\u7f8e\u8054\u50a8\u73b0\u5728\u8fd9\u6837\u653e\u7f13\u589e\u606f\u6b65\u4f10\uff0c\u51cf\u7f13\u91cf\u5316\u7d27\u7f29\u6b65\u4f10\uff0c\u662f\u4e3a\u4e86\u5475\u62a4\u7f8e\u56fd\u7684\u79c1\u4eba\u516c\u53f8\uff0c\u63d0\u524d\u6253\u62db\u547c\uff0c\u5c3d\u91cf\u653e\u6162\u589e\u606f\u7684\u6b65\u4f10\uff0c\u8ba9\u5404\u5927\u79c1\u4eba\u516c\u53f8\u591a\u4e00\u70b9\u65f6\u95f4\u3001\u5c3d\u65e9\u60f3\u529e\u6cd5\u3001\u91c7\u53d6\u63aa\u65bd\u3001\u6765\u907f\u514d\u7834\u4ea7\u3002\u56e0\u4e3a\u4e00\u7834\u4ea7\uff0c\u5de5\u4eba\u5931\u4e1a\uff0c\u7ecf\u6d4e\u5c31\u4f1a\u53d7\u5230\u6253\u51fb\u3002\u6240\u4ee5\u662f\u4e00\u7f13\u518d\u7f13\u3002&nbsp;<\/span><\/p>\n\n\n\n<p style=\"font-size:19px\"><span style=\"color:#000693\" class=\"has-inline-color\">\u5373\u4f7f\u662f\u73b0\u5728\uff0c\u52b3\u5de5\u5e02\u573a\u5982\u6b64\u7d27\u4fcf\u7684\u72b6\u51b5\u4e0b\uff0c\u7f8e\u8054\u50a8\u589e\u606f\u4e5f\u662f\u614e\u4e4b\u53c8\u614e\u3002\u751f\u6015\u9020\u6210\u7ecf\u6d4e\u7684\u7d27\u7f29\u3002&nbsp;<\/span>&nbsp;<\/p>\n\n\n\n<p style=\"font-size:19px\"><span style=\"color:#000693\" class=\"has-inline-color\">\u4f46\u662f\u6211\u4eec\u8bfb\u4e86\u300a\u534e\u5c14\u8857\u65e5\u62a5\u300b\u7684\u6587\u7ae0\uff0c\u5c31\u53ef\u4ee5\u660e\u767d\uff0c\u901a\u8d27\u81a8\u80c0\u5982\u679c\u6ca1\u6709\u7ecf\u6d4e\u7d27\u7f29\uff0c\u7b80\u76f4\u65e0\u6cd5\u6291\u5236\uff0c\u9664\u975e\u6709\u7f8e\u8054\u50a8\u63a7\u5236\u8303\u56f4\u4e4b\u5916\u7684\u4e8b\u60c5\u53d1\u751f\u3002\u8fd9\u79cd\u8bdd\u8bb2\u7684\u542b\u84c4\u5f97\u5f88\u554a\u3002&nbsp;<\/span><\/p>\n\n\n\n<p style=\"font-size:19px\"><span style=\"color:#000693\" class=\"has-inline-color\">\u4e4c\u514b\u5170\u7684\u6218\u4e89\uff0c\u5176\u5b9e\u5c31\u662f\u7f8e\u8054\u50a8\u63a7\u5236\u8303\u56f4\u4e4b\u5916\u7684\u4e8b\u60c5\u3002\u62dc\u767b\u73b0\u5728\u6162\u6162\u5730\u5ef6\u7eed\u4e4c\u514b\u5170\u6218\u4e89\uff0c\u4e00\u4e2a\u76ee\u7684\uff0c\u6216\u8005\u8bf4\u4e00\u4e2a\u6548\u679c\uff0c\u5c31\u662f\u7528\u6301\u7eed\u7684\u519b\u706b\u5de5\u4e1a\u589e\u52a0\u6765\u62c9\u52a8\u5bf9\u4e8e\u52b3\u5de5\u5e02\u573a\u7684\u9700\u6c42\uff0c\u6765\u62b5\u6d88\u7531\u4e8e\u91cf\u5316\u7d27\u7f29\u548c\u589e\u606f\u53ef\u80fd\u5e26\u6765\u7684\u7ecf\u6d4e\u840e\u7f29\u3002\u6240\u4ee5\u4e4c\u514b\u5170\u6218\u4e89\u3001\u901a\u8d27\u81a8\u80c0\u3001\u7ecf\u6d4e\u5371\u673a\u90fd\u8fde\u5728\u4e86\u4e00\u8d77\u3002\u62dc\u767b\u653f\u5e9c\u5403\u9971\u4e86\u6491\u7684\uff0c\u5728\u8fd9\u4e2a\u65f6\u5019\u4ecd\u7136\u4e0d\u5fd8\u521d\u8877\u5730\u575a\u6301\u8981\u641e\u7eff\u8272\u80fd\u6e90\uff0c\u8fd9\u867d\u7136\u6709\u52a9\u4e8e\u52b3\u5de5\u5e02\u573a\uff0c\u4f46\u662f\u4f1a\u52a0\u5267\u901a\u8d27\u81a8\u80c0\u3002&nbsp;<\/span><\/p>\n\n\n\n<p style=\"font-size:19px\"><span style=\"color:#000693\" class=\"has-inline-color\">\u6211\u4eec\u8981\u660e\u767d\uff0c\u7f8e\u8054\u50a8\u9519\u8bef\u7684\u6765\u6e90\u548c\u672a\u6765\u7684\u82e6\u8877\u3002\u4e5f\u8981\u660e\u767d\u7f8e\u56fd\u7684\u7ecf\u6d4e\u7684\u53d1\u5c55\u662f\u5728\u51e0\u4e2a\u4e92\u76f8\u77db\u76fe\u7684\u76ee\u6807\u4e2d\u8270\u96be\u5730\u884c\u8fdb\u3001\u6216\u8005\u5012\u9000\u3002\u5982\u679c\u6211\u4eec\u8981\u8ba8\u8bba\uff0c\u5c31\u8981\u90fd\u62ff\u51fa\u6765\u4e00\u8d77\u8ba8\u8bba\uff0c\u5df2\u7ecf\u6ca1\u6709\u5355\u4e00\u8ba8\u8bba\u800c\u4e0d\u504f\u9887\u7684\u53ef\u80fd\u6027\u3002&nbsp;<\/span><\/p>\n\n\n\n<hr class=\"wp-block-separator\"\/>\n\n\n\n<hr class=\"wp-block-separator\"\/>\n\n\n\n<p style=\"font-size:19px\"><strong><span class=\"has-inline-color has-black-color\">\u300a\u534e\u5c14\u8857\u65e5\u62a5\u300b\u7ecf\u6d4e\u7248 \u7f8e\u56fd\u7ecf\u6d4e&nbsp;&nbsp;<\/span><\/strong><\/p>\n\n\n\n<h1 class=\"wp-block-heading\"><strong>\u7f8e\u8054\u50a8\u5c06\u5229\u7387\u4e0a\u8c03\u534a\u70b9\uff0c\u521b<\/strong><strong>2000<\/strong><strong>\u5e74\u4ee5\u6765\u6700\u5927\u52a0\u606f<\/strong><strong>&nbsp;<\/strong>&nbsp;<\/h1>\n\n\n\n<p style=\"font-size:24px\"><strong><span class=\"has-inline-color has-vivid-red-color\">\u592e\u884c\u5b98\u5458\u5ba3\u5e03\u8ba1\u5212\u5f00\u59cb\u6536\u7f299\u4e07\u4ebf\u7f8e\u5143\u7684\u8d44\u4ea7\u7ec4\u5408\uff0c\u8fd9\u662f\u6536\u7d27\u653f\u7b56\u548c\u964d\u4f4e\u901a\u80c0\u7684\u53c8\u4e00\u4e3e\u63aa<\/span><\/strong><\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"860\" height=\"484\" src=\"https:\/\/nacr.info\/WordPress\/wp-content\/uploads\/2022\/05\/image-4.jpeg\" alt=\"Powell: Fed Has Tools to Control Inflation\" class=\"wp-image-13859\" srcset=\"https:\/\/nacr.info\/WordPress\/wp-content\/uploads\/2022\/05\/image-4.jpeg 860w, https:\/\/nacr.info\/WordPress\/wp-content\/uploads\/2022\/05\/image-4-300x169.jpeg 300w, https:\/\/nacr.info\/WordPress\/wp-content\/uploads\/2022\/05\/image-4-768x432.jpeg 768w\" sizes=\"auto, (max-width: 860px) 100vw, 860px\" \/><figcaption>\u5728\u7f8e\u8054\u50a8\u5c06\u5229\u7387\u4e0a\u8c03\u534a\u4e2a\u767e\u5206\u70b9\u540e\uff0c\u7f8e\u8054\u50a8\u4e3b\u5e2d\u9c8d\u5a01\u5c14\u8868\u793a\uff0c\u7f8e\u8054\u50a8\u9884\u8ba1\u672a\u6765\u51e0\u6b21\u4f1a\u8bae\u5c06\u8fdb\u4e00\u6b65\u52a0\u606f50\u4e2a\u57fa\u70b9\u3002&nbsp;<br>\u6444\u5f71\uff1aJim Watson\/\u6cd5\u65b0\u793e\/\u76d6\u8482\u56fe\u7247&nbsp;&nbsp;<\/figcaption><\/figure><\/div>\n\n\n\n<p class=\"has-text-align-right has-normal-font-size\">\u4f5c\u8005\uff1aNick Timiraos \/ 2022.05.04<br>\u7f16\u8bd1\uff1a\u9646\u6587\u79be \/ 2022.05.06<\/p>\n\n\n\n<p style=\"font-size:18px\"><span class=\"has-inline-color has-black-color\">\u7f8e\u8054\u50a8\u6279\u51c6\u4e86\u7f55\u89c1\u7684\u534a\u4e2a\u767e\u5206\u70b9\u7684\u52a0\u606f\uff08\u8fd9\u662f\u81ea2000\u5e74\u4ee5\u6765\u7684\u6700\u5927\u589e\u606f\uff09\uff0c\u4ee5\u53ca\u4e00\u9879\u6536\u7f29\u51769\u4e07\u4ebf\u7f8e\u5143\u8d44\u4ea7\u7ec4\u5408\u7684\u8ba1\u5212\uff0c\u56e0\u4e3a\u5b98\u5458\u4eec\u52a0\u5feb\u4e86\u6b65\u4f10\uff0c\u4ee5\u51cf\u7f13\u5904\u4e8e40\u5e74\u6765\u6700\u9ad8\u6c34\u5e73\u7684\u901a\u8d27\u81a8\u80c0\u3002<\/span><\/p>\n\n\n\n<p style=\"font-size:18px\"><span class=\"has-inline-color has-black-color\">\u7f8e\u8054\u50a8\u5229\u7387\u5236\u5b9a\u59d4\u5458\u4f1a\u5468\u4e09\u5728\u4e3a\u671f\u4e24\u5929\u7684\u653f\u7b56\u4f1a\u8bae\u7ed3\u675f\u65f6\u4e00\u81f4\u901a\u8fc7\u4e0a\u8ff0\u4e3e\u63aa\uff0c\u8be5\u4e3e\u63aa\u5c06\u628a\u7f8e\u8054\u50a8\u7684\u57fa\u51c6\u8054\u90a6\u57fa\u91d1\u5229\u7387\u63d0\u9ad8\u52300.75%\u81f31%\u7684\u76ee\u6807\u533a\u95f4\u3002\u00a0\u00a0<\/span>\u00a0<\/p>\n\n\n\n<p style=\"font-size:18px\"><span class=\"has-inline-color has-black-color\">\u7f8e\u8054\u50a8\u4e3b\u5e2d<strong>\u6770\u7f57\u59c6\u00b7\u9c8d\u5a01\u5c14<\/strong>\uff08Jerome Powell\uff09\u5728\u65b0\u95fb\u53d1\u5e03\u4f1a\u4e0a\u8868\u793a\uff0c\u5b98\u5458\u4eec\u666e\u904d\u8ba4\u4e3a\uff0c\u9274\u4e8e\u5f53\u524d\u7684\u7ecf\u6d4e\u72b6\u51b5\uff0c6\u6708\u548c7\u6708\u53ef\u80fd\u9700\u8981\u8fdb\u4e00\u6b65\u52a0\u606f\u534a\u4e2a\u767e\u5206\u70b9\u3002<\/span><\/p>\n\n\n\n<p style=\"font-size:18px\"><span class=\"has-inline-color has-black-color\">\u8fd9\u5c06\u628a\u5229\u7387\u63d0\u9ad8\u5230\u4e0a\u4e00\u6b21\u5728\u761f\u75ab\u5927\u6d41\u884c\u4fc3\u4f7f\u592e\u884c\u6253\u5f00\u8d27\u5e01\u6c34\u9f99\u5934\u4e4b\u524d\u76842019\u5e74\u770b\u5230\u7684\u533a\u95f4\uff0c\u4e5f\u5c06\u4ee3\u8868\u81ea1980\u5e74\u4ee3\u4ee5\u6765\u7684\u6700\u6fc0\u8fdb\u7684\u4e00\u6b21\u653f\u7b56\u7d27\u7f29\u6b65\u4f10\u3002<\/span><\/p>\n\n\n\n<p style=\"font-size:18px\"><span class=\"has-inline-color has-black-color\">\u503a\u5238\u548c\u80a1\u5e02\u5468\u4e09\u4e0a\u6da8\uff0c\u6b64\u524d<strong>\u9c8d\u5a01\u5c14<\/strong>\u8868\u793a\uff0c\u5b98\u5458\u4eec\u6ca1\u6709\u8003\u8651\u5728\u7f8e\u8054\u50a86\u6708\u4f1a\u8bae\u4e0a\u5927\u5e45\u52a0\u606f\u56db\u5206\u4e4b\u4e09\u4e2a\u767e\u5206\u70b9\uff0c\u537375\u4e2a\u57fa\u70b9\u3002\u6700\u8fd1\u51e0\u5468\uff0c\u503a\u5238\u5e02\u573a\u5f00\u59cb\u62bc\u6ce8\u8fd9\u4e00\u4e3e\u63aa\u3002<\/span><\/p>\n\n\n\n<p style=\"font-size:18px\"><span class=\"has-inline-color has-black-color\">\u57ce\u5821\u8bc1\u5238\uff08Citadel Securities\uff09\u7ebf\u6027\u5229\u7387\u4ea4\u6613\u5168\u7403\u4e3b\u7ba1<strong>\u8fc8\u514b\u5c14\u00b7\u5fb7\u00b7\u5e15\u65af<\/strong>\uff08Michael de Pass\uff09\u8868\u793a\uff1a\u201c\u572875\u57fa\u70b9\u88ab\u53d6\u6d88\u540e\uff0c\u8fd9\u662f\u4e00\u6b21\u4ee4\u4eba\u5bbd\u6170\u7684\u53cd\u5f39\u3002\u201d&nbsp;&nbsp;<\/span><\/p>\n\n\n\n<p style=\"font-size:18px\"><span class=\"has-inline-color has-black-color\">\u9053\u743c\u65af\u5de5\u4e1a\u5e73\u5747\u6307\u6570\u4e0a\u6da8932.27\u70b9\uff0c\u62162.8%\uff0c\u521b\u4e0b\u81ea2020\u5e7411\u6708\u4ee5\u6765\u7684\u6700\u5927\u5355\u65e5\u6da8\u5e45\u3002\u7f8e\u56fd\u56fd\u503a\u4ef7\u683c\u4e0a\u6da8\uff0c\u57fa\u51c610\u5e74\u671f\u56fd\u503a\u6536\u76ca\u7387\u4e3a2.914%\uff0c\u800c\u5468\u4e8c\u4e3a2.957%\u3002\u503a\u5238\u6536\u76ca\u7387\u548c\u4ef7\u683c\u8d70\u52bf\u76f8\u53cd\u3002&nbsp;<\/span><\/p>\n\n\n\n<iframe loading=\"lazy\" allowfullscreen=\"true\" webkitallowfullscreen=\"true\" mozallowfullscreen=\"true\" frameborder=\"0\" scrolling=\"no\" marginheight=\"0\" marginwidth=\"0\" width=\"512\" height=\"288\" src=\"https:\/\/video-api.wsj.com\/api-video\/player\/v3\/iframe.html?guid=DE51CD4A-DE49-484D-82E8-A98851D38995\"><\/iframe>\n\n\n\n<p style=\"font-size:18px\"><span class=\"has-inline-color has-black-color\">\u6cd5\u56fd\u5174\u4e1a\u94f6\u884c\uff08Soci\u00e9t\u00e9 G\u00e9n\u00e9rale\uff09\u7f8e\u56fd\u5229\u7387\u7b56\u7565\u4e3b\u7ba1<strong>\u82cf\u5df4\u5fb7\u62c9\u00b7\u62c9\u8d3e\u5e15<\/strong>\u5973\u58eb\uff08Subadra Rajappa\uff09\u8868\u793a\u3002\u8fd9\u4e00\u53cd\u5e94\u8868\u660e\uff0c\u201c\u503a\u5238\u5e02\u573a\u5df2\u7ecf\u6709\u70b9\u8d85\u524d\u4e86\uff0c\u73b0\u5728\u5c31\u628a\u5b83\u52a0\u5927\u8fd8\u4e3a\u65f6\u8fc7\u65e9\uff0c\u5982\u679c\u7f8e\u8054\u50a8\u5728\u4e0b\u6b21\u4f1a\u8bae\u4e0a\u52a0\u606f75\u70b9\uff0c\u5c31\u7b49\u4e8e\u627f\u8ba4\u5b58\u5728\u653f\u7b56\u9519\u8bef\u3002\u201c&nbsp;<\/span>&nbsp;<\/p>\n\n\n\n<p style=\"font-size:18px\"><span class=\"has-inline-color has-black-color\">\u5c3d\u7ba1\u5982\u6b64\uff0c\u5468\u4e09\u5ba3\u5e03\u7684\u63aa\u65bd\u6807\u5fd7\u7740\u7f8e\u8054\u50a8\u5728\u51e0\u5341\u5e74\u6765\u5728\u4e00\u6b21\u4f1a\u8bae\u4e0a\u505a\u51fa\u7684\u6700\u6fc0\u8fdb\u7684\u6536\u7d27\u8d27\u5e01\u653f\u7b56\uff0c\u65e8\u5728\u8fc5\u901f\u51cf\u5c11\u5bfc\u81f4\u7269\u4ef7\u4e0a\u5347\u538b\u529b\u7684\u7ecf\u6d4e\u523a\u6fc0\u63aa\u65bd\u3002\u7f8e\u8054\u50a8\u901a\u5e38\u4ee5\u56db\u5206\u4e4b\u4e00\u70b9\u7684\u589e\u91cf\u52a0\u606f\uff0c\u4e0a\u4e00\u6b21\u534a\u70b9\u52a0\u606f\u662f\u57282000\u5e74\u3002 <\/span><\/p>\n\n\n\n<p style=\"font-size:18px\"><span class=\"has-inline-color has-black-color\"><strong>\u9c8d\u5a01\u5c14<\/strong>\u5148\u751f\u5728\u65b0\u95fb\u53d1\u5e03\u4f1a\u5f00\u59cb\u65f6\u7684\u5f00\u573a\u767d\u91cc\u5bf9\u7f8e\u56fd\u516c\u4f17\u8bf4\uff1a\u201c\u901a\u8d27\u81a8\u80c0\u7387\u592a\u9ad8\u4e86\u3002\u6211\u4eec\u7406\u89e3\u5b83\u9020\u6210\u7684\u56f0\u96be\uff0c\u6211\u4eec\u6b63\u5728\u8fc5\u901f\u91c7\u53d6\u884c\u52a8\uff0c\u5c06\u5176\u964d\u4e0b\u6765\u3002 \u201c\u4ed6\u8bf4\uff1a\u201c\u6211\u4eec\u65e2\u6709\u6211\u4eec\u9700\u8981\u7684\u5de5\u5177\uff0c\u4e5f\u6709\u6062\u590d\u4ef7\u683c\u7a33\u5b9a\u6240\u9700\u7684\u51b3\u5fc3\u3002\u201c&nbsp;<\/span><\/p>\n\n\n\n<p style=\"font-size:18px\"><span class=\"has-inline-color has-black-color\">\u7f8e\u8054\u50a8\u5b98\u5458\u8fd8\u8868\u793a\uff0c\u4ed6\u4eec\u5c06\u5f00\u59cb\u88ab\u52a8\u5730\u7f29\u51cf\u5927\u91cf\u6301\u6709\u7684\u56fd\u503a\u548c\u62b5\u62bc\u8d37\u6b3e\u8bc1\u5238\uff0c\u5141\u8bb8\u503a\u5238\u5230\u671f\uff0c\u800c\u4e0d\u518d\u5c06\u6536\u76ca\u518d\u6295\u8d44\u4e8e\u65b0\u8bc1\u5238\uff0c\u56de\u5230\u516c\u5f00\u5e02\u573a\u4e0a\u51fa\u552e\u3002 \u5b98\u5458\u4eec\u5c06\u5141\u8bb8\u57286\u6708\u30017\u6708\u548c8\u6708\u6bcf\u6708\u653e\u51fa\u9ad8\u8fbe300\u4ebf\u7f8e\u5143\u7684\u56fd\u503a\u548c175\u4ebf\u7f8e\u5143\u7684\u62b5\u62bc\u8d37\u6b3e\u503a\u5238\u3002\u5728\u90a3\u4e4b\u540e\uff0c\u4ed6\u4eec\u5c06\u5141\u8bb8\u6bcf\u6708\u653e\u51fa600\u4ebf\u7f8e\u5143\u7684\u56fd\u503a\u548c350\u4ebf\u7f8e\u5143\u7684\u62b5\u62bc\u8d37\u6b3e\u8bc1\u5238\u3002\u51cf\u5c11\u6295\u8d44\u7ec4\u5408\u662f\u6d88\u9664\u523a\u6fc0\u63aa\u65bd\u548c\u63d0\u9ad8\u501f\u8d37\u6210\u672c\u7684\u53e6\u4e00\u79cd\u65b9\u5f0f\u3002<\/span>&nbsp;<\/p>\n\n\n\n<p style=\"font-size:18px\"><span class=\"has-inline-color has-black-color\">\u6295\u8d44\u8005\u6b63\u8bd5\u56fe\u5f04\u6e05\u695a\u7f8e\u8054\u50a8\u5728\u53bb\u5e74\u4e00\u518d\u4f4e\u4f30\u901a\u80c0\u538b\u529b\u3001\u4f9b\u5e94\u4e2d\u65ad\u548c\u56fd\u5185\u7ecf\u6d4e\u9700\u6c42\u540e\uff0c\u672a\u6765\u4e24\u5e74\u53ef\u80fd\u4f1a\u52a0\u606f\u5e45\u5ea6\u4f1a\u6709\u591a\u9ad8\u3002\u76ee\u524d\uff0c\u6295\u8d44\u8005\u9884\u8ba1\u7f8e\u8054\u50a8\u5c06\u5728\u660e\u5e74\u5e74\u5e95\u524d\u5c06\u5229\u7387\u63d0\u9ad8\u52303.25%\u5de6\u53f3\u3002<\/span><\/p>\n\n\n\n<p style=\"font-size:18px\"><span class=\"has-inline-color has-black-color\"><strong>\u9c8d\u5a01\u5c14<\/strong>\u4e3a\u5c06\u5229\u7387\u63d0\u9ad8\u5230\u65e8\u5728\u51cf\u7f13\u589e\u957f\u7684\u6c34\u5e73\u655e\u5f00\u4e86\u5927\u95e8\uff0c\u4f46\u7531\u4e8e\u5229\u7387\u4ecd\u5904\u4e8e\u5386\u53f2\u4f4e\u4f4d\uff0c\u4ed6\u8868\u793a\uff0c\u592e\u884c\u76ee\u524d\u6ca1\u6709\u5fc5\u8981\u505a\u51fa\u51b3\u5b9a\u3002\u4ed6\u8bf4\uff1a\u201c\u5982\u679c\u6211\u4eec\u786e\u5b9e\u5f97\u51fa\u7ed3\u8bba\u6211\u4eec\u9700\u8981\u8fd9\u6837\u505a\uff0c\u90a3\u4e48\u6211\u4eec\u4e0d\u4f1a\u72b9\u8c6b\u3002\u201d&nbsp;<\/span><\/p>\n\n\n\n<p style=\"font-size:18px\"><span class=\"has-inline-color has-black-color\">2004\u5e74\u81f32006\u5e74\u95f4\uff0c\u7f8e\u8054\u50a8\u5c06\u57fa\u51c6\u5229\u7387\u4e0a\u8c03\u4e864.25\u4e2a\u767e\u5206\u70b9\uff0c\u8fbe\u52305.25%\u7684\u5cf0\u503c\u3002\u57282015\u5e74\u81f32018\u5e74\u671f\u95f4\uff0c\u7f8e\u8054\u50a8\u5b98\u5458\u5c06\u5229\u7387\u4ece\u63a5\u8fd1\u96f6\u7684\u6c34\u5e73\u4e0a\u8c03\u81f32.25%\u81f32.5%\u7684\u533a\u95f4\uff0c\u76f4\u5230\u57282019\u5e74\u521d<strong>\u9c8d\u5a01\u5c14<\/strong>\u7a81\u7136\u6697\u793a\u52a0\u606f\u7ed3\u675f\u3002<\/span><\/p>\n\n\n\n<p style=\"font-size:18px\"><span class=\"has-inline-color has-black-color\">\u7f8e\u8054\u50a8\u5728\u4eca\u5e743\u6708\u4efd\u5c06\u5229\u7387\u4ece\u63a5\u8fd1\u96f6\u7684\u6c34\u5e73\u4e0a\u8c03\uff0c\u5e76\u9884\u8ba1\u523012\u6708\u5c06\u628a\u5229\u7387\u63d0\u9ad8\u52302%\u5de6\u53f3\u3002<strong>\u9c8d\u5a01\u5c14<\/strong>\u5468\u4e09\u6982\u8ff0\u7684\u8def\u5f84\u5c06\u4f7f\u7f8e\u8054\u50a8\u57287\u6708\u4e4b\u524d\u5b9e\u73b0\u8fd9\u4e00\u76ee\u6807\u3002\u00a0<\/span><\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"746\" height=\"524\" src=\"https:\/\/nacr.info\/WordPress\/wp-content\/uploads\/2022\/05\/image-2.png\" alt=\"\" class=\"wp-image-13863\" srcset=\"https:\/\/nacr.info\/WordPress\/wp-content\/uploads\/2022\/05\/image-2.png 746w, https:\/\/nacr.info\/WordPress\/wp-content\/uploads\/2022\/05\/image-2-300x211.png 300w\" sizes=\"auto, (max-width: 746px) 100vw, 746px\" \/><\/figure><\/div>\n\n\n\n<p style=\"font-size:18px\"><span class=\"has-inline-color has-black-color\">\u201c\u4f60\u771f\u7684\u5fc5\u987b\u975e\u5e38\u540c\u60c5\u53ef\u601c\u7684<strong>\u6770\u4f0a\u00b7\u9c8d\u5a01\u5c14<\/strong>\uff0c\u56e0\u4e3a\u4ed6\u5728\u4e09\u6708\u4efd\u7684\u4f1a\u8bae\u4e0a\u8ba4\u4e3a\u4ed6\u4eec\u5c06\u63d0\u51fa\u4e00\u4e2a\u5f3a\u52b2\u7684\u652f\u70b9\uff0c\u201d \u524d\u7f8e\u8054\u50a8\u9ad8\u7ea7\u7ecf\u6d4e\u5b66\u5bb6\u3001\u73b0\u4efb\u5fb7\u96f7\u798f\u65af\u548c\u6885\u9686\u94f6\u884c\uff08Dreyfus and Mellon\uff09\u9996\u5e2d\u7ecf\u6d4e\u5b66\u5bb6\u7684<strong>\u6587\u68ee\u7279\u00b7\u83b1\u56e0\u54c8\u7279<\/strong>\uff08Vincent Reinhart\uff09\u8bf4\uff1a\u201c\u4ed6\u4eec\u90a3\u65f6\u8ba4\u4e3a\u4ed6\u4eec\u6b63\u5728\u505a\u4e00\u4e9b\u975e\u5e38\u82f1\u52c7\u7684\u4e8b\u60c5\uff0c\u4ed6\u4eec\u6328\u4e86\u4e00\u68cd\u3002\u73b0\u5728\u4ed6\u4eec\u5904\u4e8e\u8ffd\u8d76\u7684\u4f4d\u7f6e\u3002\u201c&nbsp;<\/span><\/p>\n\n\n\n<p style=\"font-size:18px\"><span class=\"has-inline-color has-black-color\">\u4e0e1980\u5e74\u4ee3\u548c1990\u5e74\u4ee3\u4e2d\u671f\u7684\u5feb\u901f\u52a0\u606f\u65f6\u671f\u76f8\u6bd4\uff0c\u7f8e\u8054\u50a8\u73b0\u5728\u516c\u5f00\u4f20\u8fbe\u4e86\u66f4\u591a\u5173\u4e8e\u5176\u653f\u7b56\u610f\u56fe\u7684\u4fe1\u606f\u3002\u5c3d\u7ba1\u7f8e\u8054\u50a8\u4ec5\u7565\u5fae\u63d0\u9ad8\u4e86\u57fa\u51c6\u5229\u7387\uff0c\u4f4630\u5e74\u671f\u62b5\u62bc\u8d37\u6b3e\u5229\u7387\u7b49\u957f\u671f\u501f\u8d37\u6210\u672c\u81ea\u4eca\u5e74\u5e74\u521d\u4ee5\u6765\u5374\u5927\u5e45\u98d9\u5347\uff0c\u4ee4\u4eba\u77a0\u76ee\u7ed3\u820c\uff0c\u7f8e\u8054\u50a8\u91ca\u653e\u4e86\u5176\u653f\u7b56\u610f\u56fe\u662f\u4e00\u4e2a\u91cd\u8981\u539f\u56e0\u3002<\/span>&nbsp;<\/p>\n\n\n\n<p style=\"font-size:18px\"><span class=\"has-inline-color has-black-color\">\u8fd9\u610f\u5473\u7740\u4f4f\u623f\u62b5\u62bc\u8d37\u6b3e\u3001\u6c7d\u8f66\u8d37\u6b3e\u548c\u5546\u4e1a\u503a\u52a1\u7684\u501f\u8d37\u6210\u672c\u53ef\u80fd\u4f1a\u5728\u4eca\u5e74\u665a\u4e9b\u65f6\u5019\u5f00\u59cb\u51cf\u7f13\u7ecf\u6d4e\u589e\u957f\u3002\u201d\u62b5\u62bc\u8d37\u6b3e\u94f6\u884c\u5bb6\u534f\u4f1a\u201c\uff08Mortgage Bankers Association\uff09\u5468\u4e09\u8868\u793a\uff0c\u4e0a\u546830\u5e74\u671f\u62b5\u62bc\u8d37\u6b3e\u5e73\u5747\u5229\u7387\u4e3a5.36%\uff0c\u81ea\u53bb\u5e74\u5e95\u4ee5\u6765\u4e0a\u5347\u4e862\u4e2a\u767e\u5206\u70b9\u4ee5\u4e0a\u3002\u8be5\u884c\u4e1a\u7ec4\u7ec7\u8868\u793a\uff0c\u62b5\u62bc\u8d37\u6b3e\u8d2d\u4e70\u623f\u5c4b\u7684\u7533\u8bf7\u6bd4\u4e00\u5e74\u524d\u4f4e\u4e8611%\u3002<\/span> <\/p>\n\n\n\n<p style=\"font-size:18px\"><span class=\"has-inline-color has-black-color\">\u5728\u8fc7\u53bb\u768480\u5e74\u91cc\uff0c\u7f8e\u8054\u50a8\u4ece\u672a\u50cf\u73b0\u5728\u8fd9\u6837\u60f3\u5c06\u901a\u80c0\u7387\u964d\u4f4e4\u4e2a\u767e\u5206\u70b9\uff0c\u800c\u4e0d\u9020\u6210\u7ecf\u6d4e\u8870\u9000\u3002\u5728\u8fd9\u79cd\u60c5\u51b5\u4e0b\uff0c\u592e\u884c\u5c06\u9700\u8981\u4e00\u4e9b\u4e0d\u53d7\u5176\u63a7\u5236\u7684\u56e0\u7d20\u6765\u7a81\u7834\u5176\u56f0\u5883\uff0c\u5305\u62ec\u6765\u81ea\u56fd\u5916\u7684\u5e2e\u52a9\u3002\u00a0<\/span><\/p>\n\n\n\n<p style=\"font-size:18px\"><span class=\"has-inline-color has-black-color\">\u7f8e\u8054\u50a8\u5b98\u5458\u4e00\u76f4\u5bc4\u5e0c\u671b\u4e8e\u4eca\u5e74\u901a\u80c0\u968f\u7740\u4f9b\u5e94\u94fe\u505c\u6b62\u6076\u5316\u800c\u4e0b\u964d\uff0c\u4f46\u4e4c\u514b\u5170\u6218\u4e89\u548c\u897f\u65b9\u5bf9\u4fc4\u7f57\u65af\u7684\u5236\u88c1\u63a8\u9ad8\u4e86\u98df\u54c1\uff0c\u80fd\u6e90\u548c\u5927\u5b97\u5546\u54c1\u7684\u4ef7\u683c\u3002\u4e2d\u56fd\u65b0\u7684\u5c01\u9501\u63aa\u65bd\u53ef\u80fd\u4f1a\u52a0\u5267\u4f9b\u5e94\u74f6\u9888\u3002 <strong>\u9c8d\u5a01\u5c14<\/strong>\u8bf4\uff1a\u201c\u6709\u4e00\u6761\u9053\u8def\uff0c\u53ef\u4ee5\u4f7f\u52b3\u52a8\u529b\u5e02\u573a\u7684\u9700\u6c42\u53d8\u5f97\u6e29\u548c\u201d\uff0c\u800c\u4e0d\u4f1a\u9020\u6210\u7ecf\u6d4e\u8870\u9000\u3002\u4ed6\u540e\u6765\u8865\u5145\u8bf4\uff1a\u201c\u8fd9\u5e76\u4e0d\u5bb9\u6613\u3002\u5f53\u7136\uff0c\u8fd9\u5f88\u53ef\u80fd\u53d6\u51b3\u4e8e\u4e0d\u53d7\u6211\u4eec\u63a7\u5236\u7684\u4e8b\u4ef6\u3002&nbsp;<\/span><\/p>\n\n\n\n<p style=\"font-size:18px\"><span class=\"has-inline-color has-black-color\">\u81eaCovid-19\u7206\u53d1\u4ee5\u6765\uff0c\u4f4e\u5229\u7387\u548c6.4\u4e07\u4ebf\u7f8e\u5143\u7684\u653f\u5e9c\u501f\u8d37\u548c\u652f\u51fa\u523a\u6fc0\u4e86\u9700\u6c42\u3002\u4f01\u4e1a\u548c\u5bb6\u5ead\u82b1\u94b1\u7684\u901f\u5ea6\u8d85\u8fc7\u4e86\u761f\u75ab\u5927\u6d41\u884c\u7d27\u5f20\u7684\u7ecf\u6d4e\u6240\u80fd\u63d0\u4f9b\u7684\u5546\u54c1\u548c\u670d\u52a1\u7684\u901f\u5ea6\uff0c\u56e0\u6b64\u4ef7\u683c\u98d9\u5347\u3002\u7f8e\u8054\u50a8\u53bb\u5e74\u6700\u521d\u8ba4\u4e3a\uff0c\u98d9\u5347\u7684\u901a\u80c0\u4f1a\u81ea\u884c\u6d88\u9000\uff0c\u4f46<strong>\u9c8d\u5a01\u5c14<\/strong>\u572811\u6708\u653e\u5f03\u4e86\u8fd9\u4e00\u89c2\u70b9\uff0c\u56e0\u4e3a\u52b3\u52a8\u529b\u5e02\u573a\u5931\u8861\u7684\u8ff9\u8c61\u65e5\u76ca\u4e25\u91cd\u3002 <\/span><\/p>\n\n\n\n<p style=\"font-size:18px\"><span class=\"has-inline-color has-black-color\"><strong>\u62c9\u8d3e\u5e15<\/strong>\uff08Rajappa\uff09\u5973\u58eb\u8bf4\uff0c\u7b49\u5230\u4e24\u4e2a\u6708\u524d\u624d\u64a4\u56de\u523a\u6fc0\u63aa\u65bd\u7684\u5371\u9669\u5728\u4e8e\uff0c\u7ecf\u6d4e\u73b0\u5728\u5c06\u4e0d\u5f97\u4e0d\u5728\u66f4\u77ed\u7684\u65f6\u95f4\u5185\u5438\u6536\u66f4\u7d27\u7f29\u7684\u653f\u7b56\u3002<\/span>&nbsp;<\/p>\n\n\n\n<p style=\"font-size:18px\"><span class=\"has-inline-color has-black-color\">\u6d1b\u6749\u77f6\u300a\u706f\u5854\u7ecf\u6d4e\u5b66\u300b\uff08Beacon Economics\uff09\u7684\u521b\u59cb\u5408\u4f19\u4eba<strong>\u514b\u91cc\u65af\u6258\u5f17\u00b7\u7d22\u6069\u4f2f\u683c<\/strong>\uff08Christopher Thornberg\uff09\u8868\u793a\uff0c\u653f\u7b56\u5236\u5b9a\u8005\u6b63\u5728\u7ade\u76f8\u89e3\u51b3\u4ed6\u4eec\u81ea\u5df1\u5236\u9020\u7684\u95ee\u9898\uff0c\u56e0\u4e3a\u7b49\u5f85\u5f97\u592a\u4e45\u624d\u80fd\u53d6\u6d88\u523a\u6fc0\u63aa\u65bd\u3002\u4ed6\u8bf4\uff1a\u201c\u7f8e\u8054\u50a8\u5411\u7ecf\u6d4e\u6295\u5165\u4e86\u592a\u591a\u7684\u73b0\u91d1\uff0c\u591a\u5f97\u79bb\u8c31\u3002\u6211\u4eec\u90a3\u65f6\u5176\u5b9e\u4e0d\u9700\u8981\u5b83\u3002 \u56fd\u5185\u8d44\u6e90\u53ef\u80fd\u5728\u672a\u6765\u51e0\u4e2a\u6708\u5185\u4fdd\u6301\u9ad8\u901a\u80c0\uff0c\u56e0\u4e3a\u52b3\u52a8\u529b\u5e02\u573a\u6536\u7d27\u548c\u4f4f\u623f\u7a7a\u7f6e\u7387\u4f4e\u63a8\u9ad8\u4e86\u5de5\u8d44\u548c\u79df\u91d1\uff0c\u8fd9\u4e24\u4e2a\u901a\u80c0\u6765\u6e90\u5f80\u5f80\u66f4\u6301\u4e45\uff0c\u66f4\u96be\u5728\u4e0d\u51fa\u73b0\u7ecf\u6d4e\u8870\u9000\u7684\u60c5\u51b5\u4e0b\u4ece\u7ecf\u6d4e\u4e2d\u53bb\u9664\u3002\u201c&nbsp;<\/span><\/p>\n\n\n\n<p style=\"font-size:18px\"><span class=\"has-inline-color has-black-color\">\u53d1\u8fbe\u56fd\u5bb6\u7684\u592e\u884c\u884c\u957f\u4eec\u90fd\u6b63\u6025\u4e8e\u5173\u95ed\u8d27\u5e01\u9f99\u5934\uff0c\u56e0\u4e3a\u901a\u80c0\u5df2\u88ab\u8bc1\u660e\u662f\u4e00\u4e2a\u5168\u7403\u5a01\u80c1\u3002\u62c9\u624e\u5fb7\u8d44\u4ea7\u7ba1\u7406\u516c\u53f8\uff08Lazard Asset Management\uff09\u8463\u4e8b\u603b\u7ecf\u7406<strong>\u4f0a\u8587\u7279\u00b7\u514b\u83b1\u6587<\/strong>\uff08Yvette Klevan\uff09\u8868\u793a\uff1a\u201c\u592e\u884c\u884c\u957f\u4eec\u90fd\u5728\u6050\u614c\u5730\u5229\u7528\u8d27\u5e01\u653f\u7b56\u6765\u4e3a\u7ecf\u6d4e\u964d\u6e29\u3002 \u201d\u201c\u4ed6\u4eec\u6ca1\u6709\u53cd\u5e94\u8fc7\u5ea6\uff0c\u4f46\u6211\u6000\u7591\u8fd9\u662f\u5426\u662f\u89e3\u51b3\u95ee\u9898\u7684\u6b63\u786e\u65b9\u6cd5\u201c\u3002 <\/span><\/p>\n\n\n\n<p style=\"font-size:18px\"><span class=\"has-inline-color has-black-color\"><strong>\u83b1\u56e0\u54c8\u7279<\/strong>\u8868\u793a\uff0c\u4ed6\u8ba4\u4e3a\u7f8e\u8054\u50a8\u5f88\u96be\u5728\u964d\u4f4e\u901a\u80c0\u7684\u540c\u65f6\u89c4\u907f\u8870\u9000\u3002\u4ed6\u8bf4\uff1a\u201c\u5728\u7ecf\u5386\u4e86\u4e00\u8fde\u4e32\u7684\u574f\u8fd0\u6c14\u4e4b\u540e\uff0c\u4ed6\u4eec\u9700\u8981\u4e00\u4e9b\u597d\u8fd0\u6c14\u6765\u6539\u53d8\u3002\u201d<\/span><\/p>\n\n\n\n<p style=\"font-size:15px\">\u539f\u6587\u94fe\u63a5\uff1a<a href=\"https:\/\/www.wsj.com\/articles\/fed-approves-half-point-interest-rate-rise-ratcheting-up-its-inflation-fight-11651687201?st=bxfaxxa3pcyjgd5&amp;reflink=article_email_share\">https:\/\/www.wsj.com\/articles\/fed-approves-half-point-interest-rate-rise-ratcheting-up-its-inflation-fight-11651687201?st=bxfaxxa3pcyjgd5&amp;reflink=article_email_share<\/a><\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/nacr.info\/WordPress\/wp-content\/uploads\/2021\/05\/image-34-868x1024.png\" alt=\"\u6b64\u56fe\u7247\u7684alt\u5c5e\u6027\u4e3a\u7a7a\uff1b\u6587\u4ef6\u540d\u4e3aimage-34-868x1024.png\"\/><\/figure>\n\n\n\n<p id=\"block-10c166ca-21fc-4954-9251-11592c752d40\" style=\"font-size:18px\"><strong><span class=\"has-inline-color has-vivid-red-color\">\u6350\u6b3e\u65b9\u5f0f\uff1a<\/span><\/strong>\uff08\u8bf7\u6ce8\u660e\u60a8\u7684\u59d3\u540d\u548c\u7535\u90ae\uff0c\u4ee5\u4fbf\u6211\u4eec\u5bc4\u9001\u6536\u636e\uff09\uff1a<br>1\uff09Zelle: nacr2021@gmail.com<br>2\uff09PayPal: <a href=\"http:\/\/paypal.me\/NAConservative\">PayPal.me\/NAConservative<\/a><br>3\uff09\u652f\u7968\u62ac\u5934\uff1aNACR \u5730\u5740\uff1aPO Box 59169 Schaumburg\uff0c IL 60159<\/p>\n\n\n\n<p class=\"has-medium-font-size\" id=\"block-f726b8c1-2ffe-4feb-9aef-38875588464f\"><strong><span class=\"has-inline-color has-vivid-red-color\">\u656c\u8bf7\u8ba2\u9605:<\/span><\/strong><\/p>\n\n\n\n<p id=\"block-25a14fca-dd5d-4914-845f-31dff65fcd74\"><span class=\"has-inline-color has-vivid-red-color\"><strong>\u300a\u5317\u7f8e\u4fdd\u5b88\u8bc4\u8bba &#8211; YouTube\u65b0\u9891\u9053\u300b<\/strong>\uff1a<a href=\"https:\/\/www.youtube.com\/channel\/UCXD6cjPFfBLlQMlSJi6h_6g\">https:\/\/www.youtube.com\/channel\/UCXD6cjPFfBLlQMlSJi6h_6g<\/a><strong><br>\u300a\u5317\u7f8e\u4fdd\u5b88\u8bc4\u8bba &#8211; Rumble\u9891\u9053\u300b:<\/strong> <a href=\"https:\/\/rumble.com\/user\/NACR2021\">https:\/\/rumble.com\/user\/NACR2021<\/a><br><strong>\u300a\u5317\u7f8e\u4fdd\u5b88\u8bc4\u8bba\u300b<\/strong>\u7535\u62a5(Telegram)\u65f6\u8bc4\u6587\u7ae0\u9891\u9053\uff1a<a href=\"https:\/\/t.me\/NAconservative\">https:\/\/t.me\/NAconservative<\/a><br><strong>\u300a\u5317\u7f8e\u4fdd\u5b88\u8bc4\u8bba\u300b<\/strong>\u7535\u62a5(Telegram)\u7ffb\u8bd1\u89c6\u9891\u9891\u9053\uff1a<\/span><a href=\"https:\/\/t.me\/VIDEOSBYNACR\">https:\/\/t.me\/VIDEOSBYNACR<\/a><br><span class=\"has-inline-color has-vivid-red-color\"><strong>\u300a\u5317\u7f8e\u4fdd\u5b88\u8bc4\u8bba\u300b<\/strong>\u7535\u62a5(Telegram)\u4ea4\u6d41\u7fa4\uff1a<a href=\"https:\/\/t.me\/+92XsKo9C-upmZTRh\">https:\/\/t.me\/+92XsKo9C-upmZTRh<\/a><br><strong>\u300a\u5317\u7f8e\u4fdd\u5b88\u8bc4\u8bba\u300b<\/strong>\u63a8\u7279(Twitter)\uff1a<a href=\"https:\/\/mobile.twitter.com\/naconservative9\">https:\/\/mobile.twitter.com\/naconservative9<\/a><br><strong>\u300a\u5317\u7f8e\u4fdd\u5b88\u8bc4\u8bba\u300b<\/strong>\u8138 \u4e66(Facebook)\uff1a<a href=\"https:\/\/www.facebook.com\/100052658047986\">https:\/\/www.facebook.com\/100052658047986<\/a><br><strong>\u300a\u5317\u7f8e\u4fdd\u5b88\u8bc4\u8bba\u300b<\/strong>Gab: @NACR \uff1a<a href=\"https:\/\/gab.com\/NACR\">https:\/\/gab.com\/NACR<\/a><\/span><\/p>\n\n\n\n<p><strong><span class=\"has-inline-color has-vivid-red-color\">\u6bcf\u5468\u4e94\u7f8e\u4e1c9:30pm\u67e5\u7ecf\u8bfb\u4e66\u4f1a<\/span><\/strong>\uff08\u63d0\u4f9b\u5fae\u4fe1\u7fa4\u52a0\u5165\uff09<br>Zoom\uff1a<a href=\"https:\/\/us02web.zoom.us\/j\/81220247180?pwd=Zy8rbGpndnFQbDJPZ0ZFQ0R6Y0dFUT09\">https:\/\/us02web.zoom.us\/j\/81220247180?pwd=Zy8rbGpndnFQbDJPZ0ZFQ0R6Y0dFUT09<\/a><br>\u8d26\u53f7\uff1a812 2024 7180<br>\u5bc6\u7801: 777<\/p>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp; &nbsp; \u4f5c\u8005\uff1a\u9646\u6587\u79be \/ 2022.05.06\u53d1\u7a3f\uff1a2022.05.07 \u8fd9\u770b\u4f3c\u91d1\u878d\u9886\u57df\u7684 [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":13864,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-13858","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news_review"],"_links":{"self":[{"href":"https:\/\/nacr.info\/WordPress\/index.php\/wp-json\/wp\/v2\/posts\/13858","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/nacr.info\/WordPress\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nacr.info\/WordPress\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nacr.info\/WordPress\/index.php\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/nacr.info\/WordPress\/index.php\/wp-json\/wp\/v2\/comments?post=13858"}],"version-history":[{"count":4,"href":"https:\/\/nacr.info\/WordPress\/index.php\/wp-json\/wp\/v2\/posts\/13858\/revisions"}],"predecessor-version":[{"id":13868,"href":"https:\/\/nacr.info\/WordPress\/index.php\/wp-json\/wp\/v2\/posts\/13858\/revisions\/13868"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nacr.info\/WordPress\/index.php\/wp-json\/wp\/v2\/media\/13864"}],"wp:attachment":[{"href":"https:\/\/nacr.info\/WordPress\/index.php\/wp-json\/wp\/v2\/media?parent=13858"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nacr.info\/WordPress\/index.php\/wp-json\/wp\/v2\/categories?post=13858"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nacr.info\/WordPress\/index.php\/wp-json\/wp\/v2\/tags?post=13858"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}