{"id":10078,"date":"2026-05-29T17:15:58","date_gmt":"2026-05-29T09:15:58","guid":{"rendered":"https:\/\/www.kpai1.cn\/?p=10078"},"modified":"2026-05-29T17:19:13","modified_gmt":"2026-05-29T09:19:13","slug":"%e6%b2%83%e4%bb%80%e5%81%8f%e7%88%b1%e7%9a%84%e9%80%9a%e8%83%80%e6%8c%87%e6%a0%87%e4%b8%8d%e5%87%86%ef%bc%9fwmax-%e7%82%b9%e7%a0%b4%e7%bb%9f%e8%ae%a1%e5%81%8f%e5%b7%ae%e7%9c%9f%e7%9b%b8","status":"publish","type":"post","link":"https:\/\/www.kpai1.cn\/ko\/\uc544\uce74\uc774\ube0c\/10078","title":{"rendered":"Warsh\uac00 \uc120\ud638\ud558\ub294 \uc778\ud50c\ub808\uc774\uc158 \uce21\uc815 \ubc29\ubc95\uc774 \ubd80\uc815\ud655\ud569\ub2c8\uae4c? Wmax\ub294 \ud1b5\uacc4\uc801 \ud3b8\ucc28\uc5d0 \ub300\ud55c \uc9c4\uc2e4\uc744 \uc9c0\uc801\ud569\ub2c8\ub2e4."},"content":{"rendered":"<p>Wmax \uac70\uc2dc \uc5f0\uad6c\ud300\uc740 \uc778\ud50c\ub808\uc774\uc158\uc5d0 \ub300\ud55c \ub2e4\uc911 \uc9c0\ud45c \uad50\ucc28 \uac80\uc99d, \uc5f0\uc900\uc758 \ub0b4\ubd80 \uc815\ucc45 \ub3d9\ud5a5, \uae00\ub85c\ubc8c \uc81c\ub3c4 \uc5f0\uad6c \ubc0f \ud310\ub2e8\uc744 \uacb0\ud569\ud558\uc5ec \ud604\uc7ac \ubbf8\uad6d \uc778\ud50c\ub808\uc774\uc158\uc774 \"\ub2e4\uc591\ud55c \ud45c\uba74 \uc2e0\ud638\uc640 \uac15\ud654\ub41c \uc2e4\uc9c8 \uc555\ub825\"\uc758 \ubcf5\uc7a1\ud55c \ud328\ud134\uc744 \ubcf4\uc774\uace0 \uc788\ub2e4\uace0 \uc885\ud569\uc801\uc73c\ub85c \ubd84\uc11d\ud558\uace0 \ubbff\uc2b5\ub2c8\ub2e4. \ud55c\ud3b8, PCE \uc778\ud50c\ub808\uc774\uc158\uc740 4\uc6d4\uc5d0 3\ub144 \ub9cc\uc5d0 \ucd5c\uace0\uce58\ub97c \uae30\ub85d\ud588\uc73c\uba70 \uc778\ud50c\ub808\uc774\uc158\uc740 \uc804 \ubd84\uc57c\ub85c \ud655\uc0b0\ub418\ub294 \ubd84\uba85\ud55c \ucd94\uc138\ub97c \ubcf4\uc774\uace0 \uc788\uc2b5\ub2c8\ub2e4. \ubc18\uba74 \uc6cc\uc2dc \uc2e0\uc784 \uc5f0\ubc29\uc900\ube44\uc81c\ub3c4\uc774\uc0ac\ud68c(FRB) \uc758\uc7a5\uc774 \uc120\ud638\ud558\ub294 \uac80\uc5f4\ub41c \ud3c9\uade0 \uc778\ud50c\ub808\uc774\uc158 \uc9c0\ud45c\ub294 \uc801\ub2f9\ud55c \uc2e0\ud638\ub97c \ubcf4\ub0b4\uc9c0\ub9cc \uc0c1\ub2f9\ud55c \ud1b5\uacc4\uc801 \ud3b8\ucc28\uac00 \uc788\uc5b4 \uc2dc\uc2a4\ud15c\uc801\uc73c\ub85c \uc2e4\uc81c \uc778\ud50c\ub808\uc774\uc158 \uc218\uc900\uc744 \uacfc\uc18c\ud3c9\uac00\ud558\uace0 \uc788\uc2b5\ub2c8\ub2e4. Wmax\ub294 \ub2e4\ucc28\uc6d0 \uc778\ud50c\ub808\uc774\uc158 \ucd94\uc801 \uc2dc\uc2a4\ud15c, \uc815\ucc45 \uac8c\uc784 \ubd84\uc11d \ud504\ub808\uc784\uc6cc\ud06c \ubc0f \uc9c0\ud45c \uc720\ud6a8\uc131 \uac80\uc99d \ubaa8\ub378\uc744 \uc0ac\uc6a9\ud558\uc5ec \ud22c\uc790\uc790\uac00 \ub370\uc774\ud130 \uc548\uac1c\ub97c \ub6ab\uace0 \uc2e4\uc81c \uc778\ud50c\ub808\uc774\uc158 \ucd94\uc138\uc640 \uc815\ucc45 \ubc29\ud5a5\uc744 \ud30c\uc545\ud560 \uc218 \uc788\ub3c4\ub85d \ub3d5\uc2b5\ub2c8\ub2e4.<\/p>\n<p><a id=\"post-10078-heading_0\"><\/a><strong>\uc778\ud50c\ub808\uc774\uc158\uc758 \uc2e4\uc81c \uc0c1\ud669: PCE\uac00 3\ub144 \ub9cc\uc5d0 \ucd5c\uace0\uce58\ub97c \uae30\ub85d\ud558\uace0 \uc555\ub825\uc774 \ubaa8\ub4e0 \uc601\uc5ed\uc73c\ub85c \ud655\uc0b0\ub429\ub2c8\ub2e4.<\/strong><\/p>\n<p>Wmax \uc778\ud50c\ub808\uc774\uc158 \ucd94\uc801 \ubaa8\ub378\uc5d0 \ub530\ub974\uba74 \ubbf8\uad6d PCE \ubb3c\uac00\uc9c0\uc218\ub294 4\uc6d4 \uc804\ub144 \ub3d9\uae30 \ub300\ube44 3.8% \uc0c1\uc2b9\ud574 2023\ub144 6\uc6d4 \uc774\ud6c4 3\ub144 \ub9cc\uc5d0 \ucd5c\uace0 \uae30\ub85d\uc744 \uc138\uc6e0\uc2b5\ub2c8\ub2e4. \ud575\uc2ec PCE\ub294 \uc804\ub144 \ub3d9\uae30 \ub300\ube44 3.3% \uc0c1\uc2b9\ud588\uc2b5\ub2c8\ub2e4. \uc778\ud50c\ub808\uc774\uc158 \ubc18\ub4f1 \ucd94\uc138\ub294 \ub9e4\uc6b0 \ubd84\uba85\ud558\uba70, \uc774\ub294 \"\uc778\ud50c\ub808\uc774\uc158 \ucd94\uc138\uac00 \ubd84\uba85\ud788 \uc798\ubabb\ub41c \ubc29\ud5a5\uc73c\ub85c \uc6c0\uc9c1\uc774\uace0 \uc788\ub2e4\"\ub294 \ucfe1 \uc5f0\ubc29\uc900\ube44\uc740\ud589 \ucd1d\uc7ac\uc758 \ud310\ub2e8\uacfc \uc644\uc804\ud788 \uc77c\uce58\ud569\ub2c8\ub2e4.<\/p>\n<p>\uc774\ubc88 \uc778\ud50c\ub808\uc774\uc158 \ub77c\uc6b4\ub4dc\ub294 \ub2e8\uc77c \uc694\uc778\uc5d0 \uc758\ud574 \uc88c\uc6b0\ub418\uc9c0 \uc54a\uace0 \ud3ec\uad04\uc801 \ud655\uc0b0\uc758 \ud2b9\uc9d5\uc744 \ubcf4\uc778\ub2e4. Wmax\uc758 \ud575\uc2ec \ub3d9\uc778\uc740 \ub2e4\uc74c\uacfc \uac19\uc774 \ubd84\ub958\ub429\ub2c8\ub2e4.<\/p>\n<p><img fetchpriority=\"high\" decoding=\"async\" width=\"1024\" height=\"515\" class=\"wp-image-10080\" src=\"https:\/\/www.kpai1.cn\/wp-content\/uploads\/2026\/05\/word-image-10078-2.png\" srcset=\"https:\/\/www.kpai1.cn\/wp-content\/uploads\/2026\/05\/word-image-10078-2.png 1024w, https:\/\/www.kpai1.cn\/wp-content\/uploads\/2026\/05\/word-image-10078-2-300x151.png 300w, https:\/\/www.kpai1.cn\/wp-content\/uploads\/2026\/05\/word-image-10078-2-768x386.png 768w, https:\/\/www.kpai1.cn\/wp-content\/uploads\/2026\/05\/word-image-10078-2-18x9.png 18w, https:\/\/www.kpai1.cn\/wp-content\/uploads\/2026\/05\/word-image-10078-2-900x453.png 900w, https:\/\/www.kpai1.cn\/wp-content\/uploads\/2026\/05\/word-image-10078-2-600x302.png 600w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/p>\n<ol>\n<li><strong>\uc5d0\ub108\uc9c0 \ucda9\uaca9\uc774 \uacc4\uc18d\ud574\uc11c \uc804\ub2ec\ub418\uace0 \uc788\ub2e4<\/strong>: 3\uc6d4 \ud718\ubc1c\uc720 \ubc0f \uc5d0\ub108\uc9c0 \uc81c\ud488 \uac00\uaca9\uc774 \uc804\uc6d4 \ub300\ube44 21% \uac00\uae4c\uc774 \uae09\ub4f1\ud55c \uc601\ud5a5\uc774 \uacc4\uc18d\ud574\uc11c \ub098\ud0c0\ub098\uace0 \uc788\uc2b5\ub2c8\ub2e4. \ubbf8-\uc774\ub780 \uac08\ub4f1\uc73c\ub85c \uc778\ud55c \uace0\uc720\uac00\ub294 \uc0b0\uc5c5\uccb4\uc778\uc744 \ud1b5\ud574 \uc0b0\uc5c5 \uc804\uccb4\uc5d0 \uc804\ub2ec\ub418\uc5b4 \uc778\ud50c\ub808\uc774\uc158 \ubc18\ub4f1\uc758 \ud575\uc2ec \uae30\ubc18\uc774 \ub418\uace0 \uc788\ub2e4.<\/li>\n<li><strong>\uc2dd\ud488 \ubc0f \uc11c\ube44\uc2a4 \ubd80\ubb38 \uc804\ubc18\uc5d0 \uac78\uccd0 \uc778\ud50c\ub808\uc774\uc158\uc774 \uc0c1\uc2b9\ud569\ub2c8\ub2e4.<\/strong>: \uc0c1\ub958 \ube44\ub8cc \ubc0f \ubb3c\ub958\ube44 \uc0c1\uc2b9\uc73c\ub85c \uc778\ud574 4\uc6d4 \uc2dd\ud488\uac00\uaca9 \uc778\uc0c1 \ud3ed\uc774 \ud06c\uac8c \ud655\ub300. \ud56d\uacf5 \uc5f0\ub8cc \uc555\ub825\uc73c\ub85c \uc778\ud574 \ud56d\uacf5\uc0ac\ub294 \uc694\uae08\uc744 \uc9d1\ub2e8\uc801\uc73c\ub85c \uc778\uc0c1\ud574\uc57c \ud588\uc2b5\ub2c8\ub2e4. \ud56d\uacf5\uc11c\ube44\uc2a4 \ubb3c\uac00\uc0c1\uc2b9\ub960\uc774 \ub450 \ub2ec \uc5f0\uc18d \uc0c1\uc2b9\uc138\ub97c \ubcf4\uc774\uace0 \uc788\uace0, \uc811\ucd09\uc11c\ube44\uc2a4\uc5c5 \ubb3c\uac00\uc0c1\uc2b9\ub960\uc774 \uc804\ubc18\uc801\uc73c\ub85c \ubc18\ub4f1\ud588\ub2e4.<\/li>\n<li><strong>AI \ud504\ub9ac\ubbf8\uc5c4\uc774 \uc0c8\ub85c\uc6b4 \ubcc0\uc218\uac00 \ub418\ub2e4<\/strong>: \ucef4\ud4e8\ud305 \ud30c\uc6cc\uc5d0 \ub300\ud55c \uc218\uc694 \ud3ed\ubc1c\ub85c \uc778\ud574 \uc804 \uc138\uacc4\uc801\uc73c\ub85c \uba54\ubaa8\ub9ac \uce69\uc774 \ubd80\uc871\ud574\uc9c0\uba74\uc11c PC \ubc0f \uad00\ub828 \ud558\ub4dc\uc6e8\uc5b4 \ub2e8\ub9d0\uae30\uc758 \ud310\ub9e4 \uac00\uaca9\uc774 \uc9c1\uc811\uc801\uc73c\ub85c \uc0c1\uc2b9\ud558\uace0 \ub300\ubd80\ubd84\uc758 \uae30\uad00\uc5d0\uc11c \uac00\uaca9\uc744 \uc644\uc804\ud788 \ucc45\uc815\ud558\uc9c0 \ubabb\ud558\ub294 \uc778\ud50c\ub808\uc774\uc158 \uacbd\uc9c1\uc131\uc744 \ucd08\ub798\ud588\uc2b5\ub2c8\ub2e4.<\/li>\n<\/ol>\n<p>Wmax\ub294 \uc778\ud50c\ub808\uc774\uc158\uc758 '\ub77c\uc2a4\ud2b8 \ub9c8\uc77c' \uacfc\uc815\uc774 \uc644\uc804\ud788 \uc5ed\uc804\ub418\uc5c8\uc73c\uba70 \uac00\uc18d\ud654\ub420 \uc704\ud5d8\uae4c\uc9c0 \uc788\ub2e4\uace0 \ud310\ub2e8\ud569\ub2c8\ub2e4. Goldman Sachs\uc640 \uac19\uc740 \uae30\uad00\uc758 \uc608\uce21\uc740 \uace0\uc720\uac00, \uc9c0\uc815\ud559\uc801 \uac08\ub4f1 \ubc0f AI \ud504\ub9ac\ubbf8\uc5c4\uc758 \uc601\ud5a5\uc744 \ucda9\ubd84\ud788 \uace0\ub824\ud588\uc2b5\ub2c8\ub2e4. \uc778\ud50c\ub808\uc774\uc158 \ub0c9\uac01 \uacfc\uc815\uc740 \uc644\uc804\ud788 \uc911\ub2e8\ub418\uc5c8\uc73c\uba70 \ud575\uc2ec PCE\ub294 2026\ub144\uc5d0\ub3c4 \uc624\ub7ab\ub3d9\uc548 \uc57d 3%\uc758 \ub192\uc740 \uc218\uc900\uc744 \uc720\uc9c0\ud560 \uac83\uc785\ub2c8\ub2e4.<\/p>\n<p><a id=\"post-10078-heading_1\"><\/a><strong>\uc9c0\ud45c \ud3b8\ud5a5 \uacbd\uace0: \uac80\uc5f4\ub41c \ud3c9\uade0 \uc778\ud50c\ub808\uc774\uc158\uc5d0 \ub300\ud55c \u201c\uac70\uc9d3 \ube44\ub458\uae30\ud30c \uc2e0\ud638\u201d<\/strong><\/p>\n<p>PCE \uc778\ud50c\ub808\uc774\uc158 \ubc18\ub4f1\uacfc\ub294 \ub300\uc870\uc801\uc73c\ub85c \ub308\ub7ec\uc2a4 \uc5f0\uc900\uc758 4\uc6d4 \uac80\uc5f4 \ud3c9\uade0 \uc778\ud50c\ub808\uc774\uc158\uc740 \uc804\ub144 \ub300\ube44 2.3%\ub85c \ud558\ub77d\ud588\uc2b5\ub2c8\ub2e4. \uc774\ub294 \uc6cc\uc2dc \uc2e0\uc784 \uc5f0\uc900 \uc758\uc7a5\uc774 \uccad\ubb38\ud68c\uc5d0\uc11c '\uc778\ud50c\ub808\uc774\uc158\uc774 \uac1c\uc120\ub418\uace0 \uc788\ub2e4'\ub294 \ud310\ub2e8\uc744 \ub4b7\ubc1b\uce68\ud558\uae30 \uc704\ud574 \uac15\uc870\ud55c \ud575\uc2ec \uc9c0\ud45c\ub2e4. \uadf8\ub7ec\ub098 Wmax\ub294 \uc9c0\ud45c \ud0c0\ub2f9\uc131 \uac80\uc99d \ubaa8\ub378\uc744 \ud1b5\ud574 \uc9c0\ud45c\uac00 \ud604\uc7ac \uc0c1\ub2f9\ud55c \ud1b5\uacc4\uc801 \ud3b8\ucc28\ub97c \ubcf4\uc774\uace0 \uc788\uc73c\uba70 \uc2e4\uc81c \uc778\ud50c\ub808\uc774\uc158 \uc218\uc900\uc744 \uccb4\uacc4\uc801\uc73c\ub85c \uacfc\uc18c\ud3c9\uac00\ud558\uace0 \uc788\uc74c\uc744 \ud655\uc778\ud588\uc2b5\ub2c8\ub2e4.<\/p>\n<p><img decoding=\"async\" width=\"1032\" height=\"516\" class=\"wp-image-10081\" src=\"https:\/\/www.kpai1.cn\/wp-content\/uploads\/2026\/05\/20260529_154200.png\" alt=\"\ubd80\ubd84\ucc28\ub2e8_20260529_154200\" srcset=\"https:\/\/www.kpai1.cn\/wp-content\/uploads\/2026\/05\/20260529_154200.png 1032w, https:\/\/www.kpai1.cn\/wp-content\/uploads\/2026\/05\/20260529_154200-300x150.png 300w, https:\/\/www.kpai1.cn\/wp-content\/uploads\/2026\/05\/20260529_154200-1024x512.png 1024w, https:\/\/www.kpai1.cn\/wp-content\/uploads\/2026\/05\/20260529_154200-768x384.png 768w, https:\/\/www.kpai1.cn\/wp-content\/uploads\/2026\/05\/20260529_154200-18x9.png 18w, https:\/\/www.kpai1.cn\/wp-content\/uploads\/2026\/05\/20260529_154200-900x450.png 900w, https:\/\/www.kpai1.cn\/wp-content\/uploads\/2026\/05\/20260529_154200-600x300.png 600w\" sizes=\"(max-width: 1032px) 100vw, 1032px\" \/><\/p>\n<p>Wmax\ub294 \uc774 \uc9c0\ud45c\uc758 \uc65c\uace1\ub41c \ud575\uc2ec \ub17c\ub9ac\ub97c \ud574\uccb4\ud569\ub2c8\ub2e4. \uac80\uc5f4\ub41c \ud3c9\uade0 \uc778\ud50c\ub808\uc774\uc158\uc758 \uc124\uacc4 \uc6d0\uce59\uc740 \uac00\uaca9 \ubcc0\ub3d9\uc774 \uac00\uc7a5 \uc2ec\ud55c \ud56d\ubaa9\uc744 \uc81c\uac70\ud558\uace0 \ucd94\uc138\ub97c \ubc18\uc601\ud558\uae30 \uc704\ud574 \uc911\uac04 \ubd80\ubd84\uc744 \uc720\uc9c0\ud558\ub294 \uac83\uc785\ub2c8\ub2e4. \uadf8\ub7ec\ub098 \ud2b8\ub7fc\ud504\uc758 \uad00\uc138 \uc815\ucc45\uc73c\ub85c \uc778\ud574 \ub300\ubd80\ubd84\uc758 \uc0c1\ud488 \uac00\uaca9\uc774 \uc0c1\uc2b9\ud55c \ud604\uc7ac \ud658\uacbd\uc5d0\uc11c\ub294 \uac00\uaca9 \ubd84\ud3ec \ud2b9\uc131\uc774 \uadfc\ubcf8\uc801\uc73c\ub85c \ubc18\uc804\ub418\uc5c8\uc2b5\ub2c8\ub2e4. \uc774 \uc9c0\ud45c\uc5d0\uc11c\ub294 \uc815\ud574\uc9c4 \uaddc\uce59\uc5d0 \ub530\ub77c \uac00\uc7a5 \ub192\uc740 \uc99d\uac00\uc728\uc744 \ubcf4\uc778 31% \ud56d\ubaa9\uc744 \uc81c\uc678\ud558\ubbc0\ub85c \ucd5c\uc885 \uacb0\uacfc\uac00 \uc778\uc704\uc801\uc73c\ub85c \ub0ae\uc544\uc9d1\ub2c8\ub2e4. \uc9c0\ub09c 4\uc6d4 \uc774 \uc9c0\ud45c\ub294 \ud604\uc7ac \uc778\ud50c\ub808\uc774\uc158\uc758 \ud575\uc2ec \ub3d9\uc778\uc778 \ud718\ubc1c\uc720, \ud56d\uacf5\uad8c \ub4f1 \uae09\ub4f1\ud55c \ud56d\ubaa9\uc744 \uc9c1\uc811\uc801\uc73c\ub85c \uc81c\uc678\ud574 \uacb0\uad6d '\uc778\ud50c\ub808\uc774\uc158 \uac1c\uc120'\uc774\ub77c\ub294 \uc798\ubabb\ub41c \uc2e0\ud638\ub97c \ubcf4\ub0b4\ub294 \uc148\uc774\ub2e4.<\/p>\n<p>\uc774\ub7ec\ud55c \ud310\ub2e8\uc740 \ud559\uacc4\uc640 \uc2dc\uc7a5\uc5d0\uc11c\ub3c4 \uc804\ubc18\uc801\uc73c\ub85c \uac80\uc99d\ub418\uc5c8\uc2b5\ub2c8\ub2e4. \ub308\ub7ec\uc2a4 \uc5f0\uc900\uc758 \uc774\ucf54\ub178\ubbf8\uc2a4\ud2b8\ub4e4\uc740 \uc774 \uc9c0\ud45c\uc758 \ub099\uad00\uc801\uc778 \uc2e0\ud638\ub97c \uacfc\ub3c4\ud558\uac8c \ud574\uc11d\ud558\ub294 \uac83\uc740 \uc801\uc808\ud558\uc9c0 \uc54a\ub2e4\ub294 \uc810\uc744 \ubd84\uba85\ud788 \uc0c1\uae30\uc2dc\ucf30\uc2b5\ub2c8\ub2e4. Standard Chartered \uc740\ud589\uc740 \uc774 \uc9c0\ud45c\uac00 \ud1b5\uacc4\uc801 \ud3b8\ucc28\ub97c \uac00\uc9c8 \ubfd0\ub9cc \uc544\ub2c8\ub77c \uc5ed\uc0ac\uc801\uc73c\ub85c \ubbf8\ub798 \uc778\ud50c\ub808\uc774\uc158 \uc608\uce21\uc5d0 \uc788\uc5b4 \ud575\uc2ec PCE\ubcf4\ub2e4 \uc57d\ud558\ub2e4\ub294 \uc810\uc744 \uc9c0\uc801\ud588\uc2b5\ub2c8\ub2e4. \ud558\ubc84\ub4dc \ub300\ud559 \uacbd\uc81c\ud559\uc790 Furman\uc740 \uc774 \uc9c0\ud45c\uac00 \"\uc0ac\ud6c4 \uc774\uc720\uc5d0 \ub530\ub77c \uc120\ud0dd\ub418\uc5c8\uc73c\uba70\" \uc77c\uad00\ub41c \uc5f0\uad6c \ud504\ub808\uc784\uc6cc\ud06c\uac00 \ubd80\uc871\ud558\ub2e4\uace0 \uc194\uc9c1\ud558\uac8c \ub9d0\ud588\uc2b5\ub2c8\ub2e4. \uc804\uc5fc\ubcd1 \uc774\ud6c4 \uc778\ud50c\ub808\uc774\uc158\uc774 \uae09\uaca9\ud788 \uc0c1\uc2b9\ud558\ub294 \ub3d9\uc548 \uc720\uc0ac\ud55c \uc65c\uace1\uc774 \ub098\ud0c0\ub0ac\uc2b5\ub2c8\ub2e4. \uc774 \uacbd\uc6b0 \uc9c0\ud45c\ub3c4 \uc57d\ud55c \uc2e0\ud638\ub97c \ubcf4\ub0c8\uc9c0\ub9cc \uc2e4\uc81c \uc778\ud50c\ub808\uc774\uc158\uc758 \uac15\ud55c \ucd94\uc138\uc5d0\uc11c \uc644\uc804\ud788 \ubc97\uc5b4\ub0ac\uc2b5\ub2c8\ub2e4.<\/p>\n<p><a id=\"post-10078-heading_2\"><\/a><strong>\uc5f0\uc900 \uc815\ucc45 \uac8c\uc784: \ub0b4\ubd80 \ucc28\uc774\uac00 \uc2ec\ud654\ub418\uace0 \ub9e4\ud30c\uac00 \uc5ec\uc804\ud788 \uc8fc\ub958 \ubc29\ud5a5<\/strong><\/p>\n<p>\uc778\ud50c\ub808\uc774\uc158 \uc9c0\ud45c\uc758 \ucc28\uc774\ub294 \uc5f0\uc900 \ub0b4 \uc815\ucc45 \ucc28\uc774\ub97c \uc9c1\uc811\uc801\uc73c\ub85c \uc545\ud654\uc2dc\ucf30\uc2b5\ub2c8\ub2e4. Warsh\ub294 \"\uc778\ud50c\ub808\uc774\uc158 \uac1c\uc120\"\uc5d0 \ub300\ud55c \ud310\ub2e8\uc744 \uc8fc\uc7a5\ud558\uae30 \uc704\ud574 \uac80\uc5f4\ub41c \ud3c9\uade0 \uc9c0\ud45c\uc5d0 \uc758\uc874\ud558\uc5ec \uc815\ucc45 \uc644\ud654\uc758 \uc5ec\uc9c0\ub97c \ub0a8\uacbc\uc9c0\ub9cc FOMC \ub0b4\uc758 \uc8fc\ub958 \uc785\uc7a5\uc740 \uc644\uc804\ud788 \ub9e4\ud30c\uc801\uc73c\ub85c \ubcc0\ud588\uc2b5\ub2c8\ub2e4.<\/p>\n<ul>\n<li>2026\ub144 FOMC \ud22c\ud45c\uc704\uc6d0\uc778 \uce74\uc2dc\uce74\ub9ac(Kashkari)\ub294 \ubbf8\uad6d\uc758 \uc778\ud50c\ub808\uc774\uc158\uc774 \"\ub108\ubb34 \ub192\uc73c\uba70\" 5\ub144 \uc5f0\uc18d \ubaa9\ud45c \uc218\uc900\uc778 2%\ub97c \ucd08\uacfc\ud588\uc74c\uc744 \ubd84\uba85\ud788 \ud588\uc2b5\ub2c8\ub2e4. \uc815\ucc45\uc758 \ucd08\uc810\uc740 \uc778\ud50c\ub808\uc774\uc158 \uc5b5\uc81c\uc5d0 \uc804\uc801\uc73c\ub85c \ub9de\ucdb0\uc9c8 \uac83\uc785\ub2c8\ub2e4. \uc778\ud50c\ub808\uc774\uc158 \uae30\ub300\uac00 \uace0\uc815\ub418\uc9c0 \uc54a\uc73c\uba74 \ubcf4\ub2e4 \uacf5\uaca9\uc801\uc778 \ub300\uc751\uc774 \ucde8\ud574\uc9c8 \uac83\uc785\ub2c8\ub2e4.<\/li>\n<\/ul>\n<p><img decoding=\"async\" width=\"1022\" height=\"515\" class=\"wp-image-10082\" src=\"https:\/\/www.kpai1.cn\/wp-content\/uploads\/2026\/05\/word-image-10078-4.png\" srcset=\"https:\/\/www.kpai1.cn\/wp-content\/uploads\/2026\/05\/word-image-10078-4.png 1022w, https:\/\/www.kpai1.cn\/wp-content\/uploads\/2026\/05\/word-image-10078-4-300x151.png 300w, https:\/\/www.kpai1.cn\/wp-content\/uploads\/2026\/05\/word-image-10078-4-768x387.png 768w, https:\/\/www.kpai1.cn\/wp-content\/uploads\/2026\/05\/word-image-10078-4-18x9.png 18w, https:\/\/www.kpai1.cn\/wp-content\/uploads\/2026\/05\/word-image-10078-4-900x454.png 900w, https:\/\/www.kpai1.cn\/wp-content\/uploads\/2026\/05\/word-image-10078-4-600x302.png 600w\" sizes=\"(max-width: 1022px) 100vw, 1022px\" \/><\/p>\n<ul>\n<li>\uad74\uc2a4\ube44 \uc2dc\uce74\uace0 \uc5f0\uc900 \ucd1d\uc7ac\ub294 \uc778\ud50c\ub808\uc774\uc158\uc774 \uacb0\ucf54 \uc77c\uc2dc\uc801\uc778 \uc694\uc778\uc774 \uc544\ub2c8\ub77c\ub294 \uc810\uc744 \uac15\uc870\ud558\uba74\uc11c \uc774\uc804 \uae08\ub9ac \uc778\ud558 \ubc18\ub300 \ud22c\ud45c\ub97c \ud6c4\ud68c\ud558\uc9c0 \uc54a\ub294\ub2e4\ub294 \ub73b\uc744 \ubd84\uba85\ud788 \ubc1d\ud614\uc73c\uba70, \uc544\uc2dc\uc544 \uacbd\uc81c\ub294 '\uc131\uc7a5 \uc555\ubc15 + \uc778\ud50c\ub808\uc774\uc158 \uc0c1\uc2b9'\uc774\ub77c\ub294 \uc2a4\ud0dc\uadf8\ud50c\ub808\uc774\uc158 \ub51c\ub808\ub9c8\uc5d0 \ube60\uc838 \uc788\ub2e4\uace0 \uac15\uc870\ud588\uc2b5\ub2c8\ub2e4.<\/li>\n<li>\ucfe1 \uc5f0\uc900 \ucd1d\uc7ac\ub294 \ud575\uc2ec PCE\uc758 \ubc18\ub4f1 \ucd94\uc138\ub97c \uc9c1\uc811 \uae68\uace0 \uc778\ud50c\ub808\uc774\uc158\uc774 \uc798\ubabb\ub41c \ubc29\ud5a5\uc73c\ub85c \uc6c0\uc9c1\uc774\uace0 \uc788\uc74c\uc744 \ubd84\uba85\ud788 \uc9c0\uc801\ud588\uc2b5\ub2c8\ub2e4.<\/li>\n<\/ul>\n<p>Wmax\ub294 Warsh\uac00 \uc790\uc2e0\uc774 \uc120\ud638\ud558\ub294 \uc9c0\ud45c\ub97c \ud1b5\ud574 \ube44\ub458\uae30\ud30c\uc801\uc778 \uc2e0\ud638\ub97c \ubcf4\ub0b4\ub824\ub294 \uc2dc\ub3c4\uc5d0\ub3c4 \ubd88\uad6c\ud558\uace0 \uc2e4\uc9c8 \uc778\ud50c\ub808\uc774\uc158 \uc555\ub825\uc758 \uc99d\uac00\ub85c \uc778\ud574 \uc815\ucc45 \uade0\ud615\uc774 \uc804\ubc18\uc801\uc73c\ub85c \ub9e4\ud30c \ucabd\uc73c\ub85c \uae30\uc6b8\uc5c8\ub2e4\uace0 \ud310\ub2e8\ud588\uc2b5\ub2c8\ub2e4. \ud604\uc7ac \uacbd\uc81c\ud559\uc790\uc758 \uc57d 85%\ub294 3\ubd84\uae30 \uc774\uc804\uc5d0 \uae08\ub9ac \ubcc0\ud654\uac00 \uc5c6\uc744 \uac83\uc774\ub77c\uace0 \ubbff\uace0 \uc788\uc73c\uba70, \ub9ce\uc740 \ubd84\uc11d\uac00\ub294 \uae08\ub9ac \uc778\ud558 \uae30\ub300\uce58\ub97c 2027\ub144\uc73c\ub85c \uc5f0\uae30\ud588\uc2b5\ub2c8\ub2e4. \ud6c4\uc18d \uc778\ud50c\ub808\uc774\uc158 \ub370\uc774\ud130\uac00 \uacc4\uc18d\ud574\uc11c \ubc18\ub4f1\ud55c\ub2e4\uba74 \"\uc774\uc790\uc728 \uc778\uc0c1 \uc7ac\uac1c\"\ub294 \uacf5\uc2dd\uc801\uc73c\ub85c \uc2dc\uc7a5 \ud22c\uae30\uc5d0\uc11c \uc815\ucc45 \uc635\uc158\uc73c\ub85c \uc804\ud658\ub420 \uac83\uc785\ub2c8\ub2e4.<\/p>\n<p><a id=\"post-10078-heading_3\"><\/a><strong>\uc2dc\uc7a5 \uc601\ud5a5 \uc804\ub9dd: \uc790\uc0b0 \uac00\uaca9 \ucc45\uc815 \ub17c\ub9ac\uc758 \ud575\uc2ec \uae30\uc900<\/strong><\/p>\n<p>Wmax\ub294 \uc778\ud50c\ub808\uc774\uc158\uc758 \uc2e4\uc81c \uc555\ub825\uacfc \uc5f0\uc900\uc758 \ub9e4\ud30c\uc801\uc778 \uae30\uc870\uac00 \uacc4\uc18d\ud574\uc11c \uae00\ub85c\ubc8c \uc790\uc0b0 \uac00\uaca9 \ucc45\uc815\uc758 \uc8fc\uc694 \ub178\uc120\uc744 \uc9c0\ubc30\ud560 \uac83\uc774\ub77c\uace0 \uc885\ud569\uc801\uc73c\ub85c \ud310\ub2e8\ud588\uc2b5\ub2c8\ub2e4. \ubbf8\uad6d \ucc44\uad8c \uc218\uc775\ub960\uc740 \uc5ec\uc804\ud788 \u200b\u200b\uc0c1\uc2b9\ud560 \uc5ec\uc9c0\uac00 \uc788\uc73c\uba70 30\ub144 \ub9cc\uae30 \ucc44\uad8c\uc774 5.5%\ub97c \ud14c\uc2a4\ud2b8\ud560 \ud655\ub960\uc740 \uacc4\uc18d \uc99d\uac00\ud558\uace0 \uc788\uc2b5\ub2c8\ub2e4. \uc704\ud5d8 \uc790\uc0b0\uc758 \ud3c9\uac00\ub294 \ub192\uc740 \uc778\ud50c\ub808\uc774\uc158\uacfc \ub192\uc740 \uc774\uc790\uc728\uc774\ub77c\ub294 \uc774\uc911 \uc555\ubc15\uc5d0 \uc9c1\uba74\ud558\uac8c \ub420 \uac83\uc785\ub2c8\ub2e4. \uae08\uc758 \uc778\ud50c\ub808\uc774\uc158 \ubc29\uc9c0 \ubc0f \ud5e4\uc9d5 \ud2b9\uc131\uc774 \ub354\uc6b1 \uac15\ud654\ub418\uace0 \ud560\ub2f9 \uac00\uce58\uac00 \uacc4\uc18d \uac15\uc870\ub420 \uac83\uc785\ub2c8\ub2e4.<\/p>\n<p>Wmax\ub294 \ud56d\uc0c1 \ub2e4\uc911 \uc9c0\ud45c \uad50\ucc28 \uac80\uc99d \ubc0f \uc815\ucc45 \uac8c\uc784\uc758 \uc2ec\uce35 \ud574\uccb4 \uc5f0\uad6c \ud504\ub808\uc784\uc6cc\ud06c\ub97c \uace0\uc218\ud574 \uc654\uc2b5\ub2c8\ub2e4. \uc774\ubc88 \uc778\ud50c\ub808\uc774\uc158 \uc9c4\ud654 \uacfc\uc815\uc5d0\uc11c \ud558\ub098\uc758 \ub099\uad00\uc801 \uc9c0\ud45c\ub85c \ud63c\ub3d9\ub418\uc9c0 \uc54a\uc558\uc2b5\ub2c8\ub2e4. \uac80\uc5f4\ud3c9\uade0\uc9c0\ud45c\uc758 \ud1b5\uacc4\uc801 \ud3b8\ucc28\ub97c \uc0ac\uc804\uc5d0 \uaff0\ub6ab\uc5b4 \uc2e4\uc9c8\uc778\ud50c\ub808\uc774\uc158\uc758 \ubc18\ub4f1\ucd94\uc138\ub97c \uc815\ud655\ud558\uac8c \ud30c\uc545\ud558\uc600\uc2b5\ub2c8\ub2e4. \ub370\uc774\ud130 \uc2e0\ud638\uac00 \ub2e4\uc591\ud574\uc9c0\uace0 \uc815\ucc45 \uac8c\uc784\uc774 \uc2ec\ud654\ub418\ub294 \uc2dc\uae30\uc5d0 Wmax\ub294 \uacc4\uc18d\ud574\uc11c \uc804\ubb38\uc801\uc778 \uc870\uc0ac \uc2dc\uc2a4\ud15c\uc744 \ud65c\uc6a9\ud558\uc5ec \ud22c\uc790\uc790\uc5d0\uac8c \ud1b5\ucc30\ub825 \uc788\uace0 \ubbf8\ub798 \uc9c0\ud5a5\uc801\uc774\uba70 \uc2e0\ub8b0\ud560 \uc218 \uc788\ub294 \ucd94\uc138 \ud310\ub2e8 \ubc0f \ubc30\ubd84 \ucc38\uace0 \uc790\ub8cc\ub97c \uc81c\uacf5\ud558\uace0 \uacb0\uc815\ub860\uc801\uc778 \uae30\ud68c\ub97c \ud3ec\ucc29\ud560 \uc218 \uc788\ub3c4\ub85d \ud22c\uc790\uc790\uc640 \ub3d9\ud589\ud560 \uac83\uc785\ub2c8\ub2e4.<\/p>","protected":false},"excerpt":{"rendered":"<p>PCE \uc778\ud50c\ub808\uc774\uc158\uc740 4\uc6d4\uc5d0 3.8%\ub85c 3\ub144 \ub0b4 \ucd5c\uace0\uce58\ub97c \uae30\ub85d\ud588\uc9c0\ub9cc Warsh\uac00 \uc120\ud638\ud558\ub294 \uac80\uc5f4 \ud3c9\uade0 \uc778\ud50c\ub808\uc774\uc158 \uc9c0\ud45c\uac00 2.3%\ub85c \ud558\ub77d\ud55c \uac83\uc740 \uc0c1\ub2f9\ud55c \ud1b5\uacc4\uc801 \ud3b8\ud5a5\uc744 \uac00\uc9c0\uba70 \uc2dc\uc2a4\ud15c\uc801\uc73c\ub85c \uc2e4\uc81c \uc778\ud50c\ub808\uc774\uc158\uc744 \uacfc\uc18c\ud3c9\uac00\ud569\ub2c8\ub2e4. \uc774 \uc9c0\ud45c\ub294 \uad00\uc138\uac00 \uc77c\ubc18\uc801\uc778 \uac00\uaca9 \uc778\uc0c1\uc744 \ucd09\uc9c4\ud558\uc5ec \uc798\ubabb\ub41c \uc911\uac04 \uc2e0\ud638\ub97c \ud615\uc131\ud558\ub294 \ud658\uacbd\uc5d0\uc11c \uac00\uc7a5 \ub192\uc740 31% \uc99d\uac00 \ud56d\ubaa9\uc744 \uc81c\uc678\ud569\ub2c8\ub2e4. \ub9e4\ud30c\uac00 \uc5ec\uc804\ud788 \uc8fc\ub958\ub97c \uc774\ub8e8\uba74\uc11c FOMC \ub0b4\ubd80\uc758 \ubd88\uc77c\uce58\uac00 \uc2ec\ud654\ub418\uc5c8\uc2b5\ub2c8\ub2e4. \uacbd\uc81c\ud559\uc790\uc758 85%\ub294 \uae08\ub9ac\uac00 3\ubd84\uae30 \uc774\uc804\uc5d0 \ubcc0\ub3d9 \uc5c6\uc774 \uc720\uc9c0\ub420 \uac83\uc774\uba70 \uae08\ub9ac \uc778\uc0c1\uc744 \uc7ac\uac1c\ud558\ub294 \uac83\uc774 \uc815\ucc45 \uc635\uc158\uc774 \ub420 \uc218 \uc788\ub2e4\uace0 \ubbff\uace0 \uc788\uc2b5\ub2c8\ub2e4.<\/p>","protected":false},"author":1,"featured_media":10079,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[121],"tags":[1138,1141,1140,358,1139],"class_list":["post-10078","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-financial-news","tag-pce","tag-1141","tag-1140","tag-358","tag-1139"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.kpai1.cn\/ko\/wp-json\/wp\/v2\/posts\/10078","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.kpai1.cn\/ko\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.kpai1.cn\/ko\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.kpai1.cn\/ko\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.kpai1.cn\/ko\/wp-json\/wp\/v2\/comments?post=10078"}],"version-history":[{"count":2,"href":"https:\/\/www.kpai1.cn\/ko\/wp-json\/wp\/v2\/posts\/10078\/revisions"}],"predecessor-version":[{"id":10084,"href":"https:\/\/www.kpai1.cn\/ko\/wp-json\/wp\/v2\/posts\/10078\/revisions\/10084"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.kpai1.cn\/ko\/wp-json\/wp\/v2\/media\/10079"}],"wp:attachment":[{"href":"https:\/\/www.kpai1.cn\/ko\/wp-json\/wp\/v2\/media?parent=10078"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.kpai1.cn\/ko\/wp-json\/wp\/v2\/categories?post=10078"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.kpai1.cn\/ko\/wp-json\/wp\/v2\/tags?post=10078"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}