{"id":11286,"date":"2026-09-14T16:40:09","date_gmt":"2026-09-14T08:40:09","guid":{"rendered":"https:\/\/www.kpai1.cn\/?p=11286"},"modified":"2026-09-14T16:40:14","modified_gmt":"2026-09-14T08:40:14","slug":"9-%e6%9c%88-fomc-%e5%b0%86%e8%87%b3-%e9%80%9a%e8%83%80%e3%80%81%e6%94%bf%e6%b2%bb%e4%b8%8e%e5%80%ba%e5%b8%82%e4%b8%89%e9%87%8d%e6%8c%a4%e5%8e%8b%e4%b8%8b%e7%9a%84%e6%b2%83%e4%bb%80","status":"publish","type":"post","link":"https:\/\/www.kpai1.cn\/ko\/\uc544\uce74\uc774\ube0c\/11286","title":{"rendered":"9\uc6d4 FOMC\uac00 \ub2e4\uac00\uc635\ub2c8\ub2e4 - \uc778\ud50c\ub808\uc774\uc158, \uc815\uce58, \ucc44\uad8c \uc2dc\uc7a5\uc758 \uc0bc\uc911 \uc555\ubc15\uc73c\ub85c \uc778\ud55c \uc6cc\uc2dc \ub51c\ub808\ub9c8"},"content":{"rendered":"<p>9\uc6d4 \uc5f0\uc900\uc758 \uae08\ub9ac \ud68c\uc758 \uce74\uc6b4\ud2b8\ub2e4\uc6b4\uc774 \ucd5c\uc885 \uce74\uc6b4\ud2b8\ub2e4\uc6b4\uc5d0 \ub3cc\uc785\ud588\uc2b5\ub2c8\ub2e4. 8\uc6d4 CPI \ub370\uc774\ud130\uac00 \uc608\uc0c1\uc744 \ub6f0\uc5b4\ub118\uc740 \ud6c4, \uc774 \uae08\ub9ac \uc778\uc0c1\uc5d0 \ub300\ud55c \uc2dc\uc7a5 \uac00\uaca9\uc740 \ube60\ub974\uac8c 85% \uc774\uc0c1\uc73c\ub85c \uc0c1\uc2b9\ud588\uc2b5\ub2c8\ub2e4. \uadf8\ub7ec\ub098 \ud2b8\ub7fc\ud504 \ubbf8\uad6d \ub300\ud1b5\ub839\uc740 \ub2e4\uc2dc \ud55c\ubc88 \uacf5\uac1c\uc801\uc73c\ub85c \uc800\uae08\ub9ac \uc720\uc9c0\ub97c \uc555\ubc15\ud588\ub2e4. \uc8fc\ub958 \uc2dc\uc7a5 \ub17c\uc758\ub294 \uc5ec\uc804\ud788 \u201c\uc774\uc790\uc728\uc744 \uc62c\ub9b4\uc9c0 \ub9d0\uc9c0\u201d\ub77c\ub294 \uc774\ubd84\ubc95\uc801 \ud310\ub2e8\uc744 \uc911\uc2ec\uc73c\ub85c \ub3cc\uc544\uac00\uace0 \uc788\uc9c0\ub9cc \uc6cc\uc2dc \uc2e0\uc784 \ud68c\uc7a5\uc774 \uc778\ud50c\ub808\uc774\uc158 \uc2e0\ub8b0\uc131, \uc815\uce58\uc801 \uc81c\uc57d, \ucc44\uad8c\uc2dc\uc7a5 \uc555\ubc15\uc774\ub77c\ub294 \uc0bc\uc911 \uae30\ub85c\uc5d0 \uc11c \uc788\ub2e4\ub294 \uc0ac\uc2e4\uc744 \uae68\ub2eb\uc9c0 \ubabb\ud588\uc2b5\ub2c8\ub2e4. Wmax \uac70\uc2dc \uc5f0\uad6c\ud300\uc740 \uc774\ubc88 \ud68c\uc758\uc758 \ud575\uc2ec\uc774 \ub2e8\uc77c 25bp \uae08\ub9ac \uc870\uc815\uc774 \uc544\ub2c8\ub77c \uc6cc\uc2dc \ucde8\uc784 \uc774\ud6c4 \uac00\uc7a5 \uac00\ud639\ud55c \uc2e0\ub8b0\uc131 \uc2dc\ud5d8\uc774\ub77c\uace0 \ubcf8\ub2e4. \uadf8\uc758 \uacb0\uc815\uc740 \ub3d9\uc2dc\uc5d0 \ubbf8\uad6d \ucc44\uad8c \uae08\ub9ac\uc758 \uc911\uc2ec, \ubbf8\uad6d \ub2ec\ub7ec\uc758 \ucd94\uc138, \uc5f0\uc900\uc758 \ub3c5\ub9bd\uc131\uc5d0 \ub300\ud55c \uc2dc\uc7a5\uc758 \uc7a5\uae30\uc801 \uac00\uaca9 \ucc45\uc815\uc744 \uc7ac\ud3b8\ud560 \uac83\uc785\ub2c8\ub2e4.<\/p>\n<h2>\uc778\ud50c\ub808\uc774\uc158 \ubd95\uad34: \uc608\uc0c1\ubcf4\ub2e4 \ub098\uc740 \ub370\uc774\ud130\ub85c \uc778\ud574 \uae08\ub9ac \uc778\uc0c1 \uae30\ub300\uac00 \ub192\uc544\uc9c0\uace0 \ub0b4\ubd80 \ub9e4\ud30c\uc801 \uaddc\uc81c\uac00 \uac15\ud654\ub418\uc5c8\uc2b5\ub2c8\ub2e4.<\/h2>\n<p>\uc9c0\ub09c \uae08\uc694\uc77c \ubbf8\uad6d \ub178\ub3d9\ubd80\uac00 \ubc1c\ud45c\ud55c 8\uc6d4 CPI \ub370\uc774\ud130\uc5d0 \ub530\ub974\uba74 \uc804\ubc18\uc801\uc778 \ubb3c\uac00 \uc0c1\uc2b9\ub960\uacfc \uadfc\uc6d0 \uc778\ud50c\ub808\uc774\uc158 \uc0c1\uc2b9\ub960 \ubaa8\ub450 \uc2dc\uc7a5 \uae30\ub300\uce58\ub97c \ub6f0\uc5b4\ub118\uc5b4 '\uc778\ud50c\ub808\uc774\uc158\uc774 \uafb8\uc900\ud788 \ud558\ub77d\ud558\uace0 \uc788\ub2e4'\ub294 \uae30\uc874 \uc2dc\uc7a5 \uc11c\uc220\uc744 \uc644\uc804\ud788 \uae68\ub728\ub838\uc2b5\ub2c8\ub2e4. \uc911\ub3d9 \ubd84\uc7c1\uacfc \ud68c\ubcf5\ub825 \uc788\ub294 \uc8fc\ud0dd \ubd80\ubb38\uc73c\ub85c \uc778\ud55c \uc5d0\ub108\uc9c0 \uac00\uaca9 \uc0c1\uc2b9\uc73c\ub85c \uc778\ud574 \uc778\ud50c\ub808\uc774\uc158 \ud558\ub77d \uae30\uc6b8\uae30\uac00 \ub2e4\uc2dc \ub454\ud654\ub418\uc5c8\uc73c\uba70, \uc774\ub85c \uc778\ud574 \uae34\ucd95 \uc815\ucc45\uc758 \uc2dc\uc7a5 \uac00\uaca9\ub3c4 \uc9c1\uc811\uc801\uc73c\ub85c \uc0c1\uc2b9\ud588\uc2b5\ub2c8\ub2e4. \uc9c0\uae08\uae4c\uc9c0 \uae08\ub9ac \uc120\ubb3c\uc740 9\uc6d4\uc5d0 25bp \uc778\uc0c1\uc774 \uc77c\uc5b4\ub0a0 \uac00\ub2a5\uc131\uc774 86%\ub77c\uace0 \uc9c0\uc801\ud558\uace0 \uc788\uc73c\uba70 \uc2dc\uc7a5\uc740 \uc2ec\uc9c0\uc5b4 \uc5f0\ub9d0 \uc774\uc804\uc5d0 \ub450 \ubc88\uc758 \ucd94\uac00 \uc778\uc0c1 \uac00\uaca9\uc744 \ucc45\uc815\ud558\uae30 \uc2dc\uc791\ud588\uc2b5\ub2c8\ub2e4.<\/p>\n<p>Wmax\ub294 \uc2dc\uc7a5\uc774 \uc77c\ubc18\uc801\uc73c\ub85c \uae08\ub9ac \uc778\uc0c1\uc744 \uc778\ud50c\ub808\uc774\uc158 \ub370\uc774\ud130\uc5d0 \ub300\ud55c \uc218\ub3d9\uc801 \ub300\uc751\uc73c\ub85c \uac04\uc8fc\ud55c\ub2e4\uace0 \ubbff\uace0 \uc788\uc9c0\ub9cc \uc2e4\uc81c\ub85c Wash\uc758 \uacbd\uc6b0 \uc815\ucc45 \uc2e0\ub8b0\uc131\uc5d0 \ub300\ud55c \ube44\uc6a9\uc740 \ub370\uc774\ud130 \uc790\uccb4\uc758 \uc601\ud5a5\ubcf4\ub2e4 \ud6e8\uc52c \ud07d\ub2c8\ub2e4. 7\uc6d4 \uae08\ub9ac \ud68c\uc758\uc5d0\uc11c \uc6cc\uc26c\uc758 \ubd88\ubd84\uba85\ud55c \uc815\ucc45 \uc758\uc0ac\uc18c\ud1b5\uacfc \uc778\ud50c\ub808\uc774\uc158 \uc704\ud5d8\uc5d0 \ub300\ud55c \uba85\ud655\ud55c \ub300\uc751 \uc2e4\ud328\ub85c \uc778\ud574 30\ub144 \ub9cc\uae30 \ubbf8\uad6d \uad6d\ucc44 \uc218\uc775\ub960\uc774 \uae09\ub4f1\ud588\uc2b5\ub2c8\ub2e4. 7\uc6d4 \ud68c\uc758 \uc790\uccb4\uc5d0\uc11c \uc138 \uba85\uc758 \ud22c\ud45c \ud68c\uc6d0\uc774 \uae08\ub9ac\ub97c \uadf8\ub300\ub85c \uc720\uc9c0\ud558\ub294 \uac83\uc5d0 \uacf5\uac1c\uc801\uc73c\ub85c \ubc18\ub300\ud588\uc73c\uba70 \ub0b4\ubd80 \ub9e4\ud30c\uc801 \ucc28\uc774\uac00 \ubd84\uba85\ud574\uc84c\uc2b5\ub2c8\ub2e4. \uc778\ud50c\ub808\uc774\uc158\uc774 \uc608\uc0c1\uc744 \ud655\uc2e4\ud788 \ucd08\uacfc\ud55c\ub2e4\ub294 \uc0ac\uc2e4\uc5d0\ub3c4 \ubd88\uad6c\ud558\uace0 \uadf8\uac00 \uc774\ubc88\uc5d0\ub3c4 \uac00\ub9cc\ud788 \uc788\uae30\ub85c \uacb0\uc815\ud55c\ub2e4\uba74, \uc774\ub294 \ub0b4\ubd80 \ud569\uc758\uc758 \ubd84\uc5f4\uc744 \ub354\uc6b1 \uc2ec\ud654\uc2dc\ud0ac \ubfd0\ub9cc \uc544\ub2c8\ub77c \uc2dc\uc7a5\uc774 \uadf8\uc758 \uc774\uc804 \ub9e4\ud30c\uc801 \ubc1c\uc5b8\uc758 \uc2e0\ub8b0\uc131\uc5d0 \uccb4\uacc4\uc801\uc73c\ub85c \uc758\ubb38\uc744 \uc81c\uae30\ud558\uac8c \ud558\uc5ec \"\ub9d0\uc740 \uac15\ud558\uc9c0\ub9cc \ubd80\ub4dc\ub7ec\uc6b4 \uc190\"\uc5d0 \ub300\ud55c \uc77c\uad00\ub41c \uae30\ub300\ub97c \ud615\uc131\ud558\uac8c \ub420 \uac83\uc785\ub2c8\ub2e4. \uc5f0\uc900\uc758 \uc815\ucc45 \uaddc\uc728\uc744 \uc7ac\ud3b8\ud558\ub824\ub294 \uc6cc\uc2dc\uc5d0\uac8c \uc788\uc5b4 \ub2e8\uc77c \uae08\ub9ac \uc778\uc0c1\uc774 \uacbd\uc81c\uc801\uc73c\ub85c \ubbf8\uce58\ub294 \uc601\ud5a5\ubcf4\ub2e4 \ube44\uc6a9\uc774 \ud6e8\uc52c \ub354 \ub192\uc2b5\ub2c8\ub2e4.<\/p>\n<p><img fetchpriority=\"high\" decoding=\"async\" width=\"1735\" height=\"762\" class=\"wp-image-11288\" src=\"https:\/\/www.kpai1.cn\/wp-content\/uploads\/2026\/09\/word-image-11286-2.png\" srcset=\"https:\/\/www.kpai1.cn\/wp-content\/uploads\/2026\/09\/word-image-11286-2.png 1735w, https:\/\/www.kpai1.cn\/wp-content\/uploads\/2026\/09\/word-image-11286-2-300x132.png 300w, https:\/\/www.kpai1.cn\/wp-content\/uploads\/2026\/09\/word-image-11286-2-1024x450.png 1024w, https:\/\/www.kpai1.cn\/wp-content\/uploads\/2026\/09\/word-image-11286-2-768x337.png 768w, https:\/\/www.kpai1.cn\/wp-content\/uploads\/2026\/09\/word-image-11286-2-1536x675.png 1536w, https:\/\/www.kpai1.cn\/wp-content\/uploads\/2026\/09\/word-image-11286-2-18x8.png 18w, https:\/\/www.kpai1.cn\/wp-content\/uploads\/2026\/09\/word-image-11286-2-900x395.png 900w, https:\/\/www.kpai1.cn\/wp-content\/uploads\/2026\/09\/word-image-11286-2-600x264.png 600w\" sizes=\"(max-width: 1735px) 100vw, 1735px\" \/><\/p>\n<h2>\uc815\uce58\uc801 \ub51c\ub808\ub9c8: \ubc31\uc545\uad00\uc758 \uc555\ub825\uacfc \uc911\uac04\uc120\uac70\ub294 \uc758\uc0ac\uacb0\uc815\uc5d0 \uc554\ubb35\uc801\uc778 \uc81c\uc57d\uc774 \ub429\ub2c8\ub2e4.<\/h2>\n<p>\uc778\ud50c\ub808\uc774\uc158 \ub370\uc774\ud130\uac00 \uae08\ub9ac \uc778\uc0c1\uc5d0 \ub300\ud55c \uae30\ub300\ub97c \ub192\uc778 \uac83\ucc98\ub7fc, \ud2b8\ub7fc\ud504\ub294 \ubbf8\uad6d\uc774 \u201c\uc138\uacc4\uc5d0\uc11c \uac00\uc7a5 \ub0ae\uc740 \uae08\ub9ac\u201d\ub97c \uac00\uc838\uc57c \ud55c\ub2e4\uace0 \uac15\uc870\ud558\uba74\uc11c \ud1b5\ud654 \uc815\ucc45 \ub17c\uc758\uc5d0 \ub2e4\uc2dc \ud55c\ubc88 \uacf5\uac1c\uc801\uc73c\ub85c \uac1c\uc785\ud588\uace0, \uc2ec\uc9c0\uc5b4 \ubb34\uc5ed \uc801\uc790\ub97c \uc815\ucc45 \uc704\ud611\uc744 \ud480\uc5b4\uc8fc\uae30 \uc704\ud55c \ud611\uc0c1 \uce74\ub4dc\ub85c \uc0ac\uc6a9\ud588\uc2b5\ub2c8\ub2e4. 11\uc6d4 \uc911\uac04\uc120\uac70\uac00 \ub450 \ub2ec\ub3c4 \ucc44 \ub0a8\uc9c0 \uc54a\uc740 \uac00\uc6b4\ub370, \ub192\uc740 \uc778\ud50c\ub808\uc774\uc158\uc73c\ub85c \uc778\ud55c \uc0dd\ud65c\ube44 \uc555\ubc15\uc774 \uc720\uad8c\uc790\ub4e4\uc758 \ud575\uc2ec \uad00\uc2ec\uc0ac\ub85c \uc790\ub9ac \uc7a1\uc558\uace0, \uacf5\ud654\ub2f9 \uc120\uac70\uc5d0\ub3c4 \uc9c1\uc811\uc801\uc778 \uc601\ud5a5\uc744 \ubbf8\uce58\uace0 \uc788\ub2e4. \ubc31\uc545\uad00 \uc785\uc7a5\uc5d0\uc11c\ub294 \uae08\ub9ac \uc870\uc815\uc774 \uc2e4\ubb3c\uacbd\uc81c\uc5d0 \uc804\ub2ec\ub418\ub294 \ub370 \uc218\uac1c\uc6d4\uc774 \uac78\ub9ac\ub354\ub77c\ub3c4 \uc815\ucc45 \uc2e0\ud638 \uc790\uccb4\uac00 \uc720\uad8c\uc790\ub4e4\uc5d0\uac8c \uacbd\uae30 \uc644\ud654\uc5d0 \ub300\ud55c \uae30\ub300\ub97c \ubd88\ub7ec\uc77c\uc73c\ud0ac \uc218 \uc788\ub2e4.<\/p>\n<p>W\ub9e5\uc2a4\ub294 \uc5f0\uc900\uc5d0 \ub300\ud55c \ubc31\uc545\uad00\uc758 \ud0dc\ub3c4\uac00 \ubd84\uba85\ud55c \uc774\uc911\uc131\uc744 \ubcf4\uc5ec\uc900\ub2e4\uace0 \ubd84\uc11d\ud588\ub2e4. \ud55c\ud3b8\uc73c\ub85c\ub294 \uc6cc\uc26c\uc758 \uc758\uc0ac\uacb0\uc815 \ub3c5\ub9bd\uc131\uc744 \uc874\uc911\ud558\ub294 \uac83\uc744 \uac15\uc870\ud558\ub294 \ubc18\uba74, \ub2e4\ub978 \ud55c\ud3b8\uc73c\ub85c\ub294 \u201c\uc774\uc790\uc728 \uc778\uc0c1\uc740 \uc0ac\ub78c\ub4e4\uc744 \ud589\ubcf5\ud558\uac8c \ub9cc\ub4e4\uc9c0 \uc54a\uc744 \uac83\u201d\uc774\ub77c\ub294 \uc120\ud638\ub3c4 \ubd84\uba85\ud788 \uc804\ub2ec\ud558\uace0 \uc788\ub2e4. \ud30c\uc6d4 \uc804 \uc758\uc7a5\uacfc \ubc31\uc545\uad00\uc758 \uc7a5\uae30\uc801 \uacf5\uac1c \ub300\uacb0 \ubaa8\ub378\uacfc \ub2ec\ub9ac \uc6cc\uc2dc\ub294 \ud2b8\ub7fc\ud504\uc640\uc758 \ube44\uacf5\uc2dd \uc18c\ud1b5\uc744 \ub354 \uc790\uc8fc \uc720\uc9c0\ud55c\ub2e4. \uc774\ub294 \uc815\ucc45 \ucc28\uc774\ub85c \uc778\ud55c \uac08\ub4f1\uc744 \uc5b4\ub290 \uc815\ub3c4 \uc644\ucda9\ud560 \uc218\ub294 \uc788\uc9c0\ub9cc \uc758\uc0ac\uacb0\uc815 \uc790\uccb4\uc758 \uc815\uce58\uc801 \uc81c\uc57d\uc744 \ubc14\uafb8\uc9c0\ub294 \uc54a\ub294\ub2e4.<\/p>\n<p>\uc2dc\uc7a5\uc774 \uc77c\ubc18\uc801\uc73c\ub85c '\uc2b9\uc0b0\uc774 \uc5c6\ub294 \uc0c1\ud669'\uc744 \uad00\ucc30\ud568\uc5d0 \ub530\ub77c Wmax\ub294 \uc774 \ub51c\ub808\ub9c8\uc758 \ubcf8\uc9c8\uc740 \ub2e8\uc21c\ud55c \ub51c\ub808\ub9c8\uac00 \uc544\ub2c8\ub77c \ub2e8\uae30\uc801\uc778 \uc815\uce58\uc801 \ube44\uc6a9\uacfc \uc7a5\uae30\uc801\uc778 \uc81c\ub3c4\uc801 \uc2e0\ub8b0\uc131 \uc0ac\uc774\uc758 \uc0c1\ucda9\uad00\uacc4\uc5d0 \uc788\ub2e4\uace0 \ucd94\uac00\ub85c \uc9c0\uc801\ud588\uc2b5\ub2c8\ub2e4. \uc6cc\uc2dc\ub294 \ucde8\uc784 \uc774\ud6c4 \uc904\uace7 \uc5f0\uc900\uc758 \uc815\ucc45 \ub3c5\ub9bd\uc131\uc744 \uac15\uc870\ud574 \uc654\uc73c\uba70 '\uc815\ubd80 \uc555\ub825\uc5d0 \uad74\ubcf5\ud588\ub2e4'\ub294 \uc774\uc720\ub85c \uc5ed\uc0ac\uc5d0 \uae30\ub85d\ub418\uae38 \uaebc\ub9b0\ub2e4. \uc774\ub294 \uadf8\uac00 \uae08\ub9ac \uc778\ud558\ub97c \uc704\ud55c \ubc31\uc545\uad00\uc758 \ud638\uc18c\uc5d0 \uc9c1\uc811 \uc751\ud558\uc9c0 \uc54a\uc744 \uac83\uc784\uc744 \uacb0\uc815\ud55c\ub2e4. \uadf8\ub7ec\ub098 \uc120\uac70 \uc8fc\uae30\uc758 \uc815\uce58\uc801 \uc601\ud5a5\uc73c\ub85c \uc778\ud574 \uadf8\ub294 \ubc31\uc545\uad00\uacfc\uc758 \uacfc\ub3c4\ud558\uac8c \uc2ec\ud654\ub418\ub294 \uac08\ub4f1\uc744 \ud53c\ud558\uae30 \uc704\ud574 \ud6c4\uc18d \uae08\ub9ac \uc778\uc0c1 \ud45c\ud604\uc744 \ub354\uc6b1 \uc790\uc81c\ud558\uac8c \ub420 \uac83\uc785\ub2c8\ub2e4.<\/p>\n<p><img decoding=\"async\" width=\"1493\" height=\"840\" class=\"wp-image-11289\" src=\"https:\/\/www.kpai1.cn\/wp-content\/uploads\/2026\/09\/word-image-11286-3.png\" srcset=\"https:\/\/www.kpai1.cn\/wp-content\/uploads\/2026\/09\/word-image-11286-3.png 1493w, https:\/\/www.kpai1.cn\/wp-content\/uploads\/2026\/09\/word-image-11286-3-300x169.png 300w, https:\/\/www.kpai1.cn\/wp-content\/uploads\/2026\/09\/word-image-11286-3-1024x576.png 1024w, https:\/\/www.kpai1.cn\/wp-content\/uploads\/2026\/09\/word-image-11286-3-768x432.png 768w, https:\/\/www.kpai1.cn\/wp-content\/uploads\/2026\/09\/word-image-11286-3-18x10.png 18w, https:\/\/www.kpai1.cn\/wp-content\/uploads\/2026\/09\/word-image-11286-3-900x506.png 900w, https:\/\/www.kpai1.cn\/wp-content\/uploads\/2026\/09\/word-image-11286-3-600x338.png 600w\" sizes=\"(max-width: 1493px) 100vw, 1493px\" \/><\/p>\n<h2>\ucc44\uad8c\uc2dc\uc7a5\uc758 \uc704\ud5d8: \uc218\uc775\ub960\uc774 5%\uc5d0 \uac00\uae4c\uc6cc\uc9c0\uace0 \uc7ac\uc815\uacfc \uc778\ud50c\ub808\uc774\uc158\uc774 \uc774\uc911 \uac00\uaca9\uc73c\ub85c \ucc45\uc815\ub429\ub2c8\ub2e4.<\/h2>\n<p>\uae08\ub9ac \uc778\uc0c1\uc5d0 \ub300\ud55c \uae30\ub300\ubcf4\ub2e4 \ub354 \uacbd\uacc4\ud574\uc57c \ud560 \uac83\uc740 \ubbf8\uad6d \ucc44\uad8c\uc2dc\uc7a5\uc774 \uc784\uacc4\uc810\uc5d0 \uac00\uae4c\uc6cc\uc9c0\uace0 \uc788\ub2e4\ub294 \uc810\uc774\ub2e4. \uc778\ud50c\ub808\uc774\uc158 \ubc18\ub4f1\uacfc \uae08\ub9ac \uc778\uc0c1\uc5d0 \ub300\ud55c \uae30\ub300\uc5d0 \ud798\uc785\uc5b4 \ubbf8\uad6d 10\ub144 \ub9cc\uae30 \uad6d\ucc44 \uc218\uc775\ub960\uc740 \uc9c0\ub09c \uae08\uc694\uc77c 4.97%\ub85c \uc0c1\uc2b9\ud574 5% \ub77c\uc6b4\ub4dc \uc9c0\uc810\uc5d0\uc11c \ubd88\uacfc \ud55c \ubc1c\uc9dd \ub5a8\uc5b4\uc9c4 2023\ub144 10\uc6d4 \uc774\ud6c4 \ucd5c\uace0\uce58\ub97c \uae30\ub85d\ud588\uc2b5\ub2c8\ub2e4. Wmax\uc758 \uacac\ud574\uc5d0 \ub530\ub974\uba74 \uc2dc\uc7a5\uc740 \uc77c\ubc18\uc801\uc73c\ub85c 5%\ub97c \uc2ec\ub9ac\uc801 \ud55c\uacc4\uc810\uc73c\ub85c \uac04\uc8fc\ud558\uc9c0\ub9cc \uadf8 \ub4a4\uc5d0 \uc788\ub294 \uad6c\uc870\uc801 \uac00\uaca9 \ub17c\ub9ac\ub97c \ubb34\uc2dc\ud569\ub2c8\ub2e4. \uc21c\uc218\ud55c \ud1b5\ud654\uc815\ucc45 \uae30\ub300\ubcf4\ub2e4\ub294 \uc7ac\uc815\ud655\ub300 \uc555\ub825\uc774\ub2e4.<\/p>\n<p>\ud55c\ud3b8\uc73c\ub85c\ub294 \uc7ac\uc815 \ud380\ub354\uba58\ud138\uc5d0 \ub300\ud55c \uc555\ubc15\uc774 \uacc4\uc18d\ud574\uc11c \ub204\uc801\ub418\uace0 \uc788\uc2b5\ub2c8\ub2e4. \uc774\ubc88 \ud68c\uacc4\uc5f0\ub3c4 \uccab 11\uac1c\uc6d4 \ub3d9\uc548 \ubbf8\uad6d \uc5f0\ubc29 \uc801\uc790\ub294 2\uc870 \ub2ec\ub7ec\uc5d0 \uc774\ub974\ub800\uace0, \ucd1d \uc815\ubd80 \ubd80\ucc44\ub294 40\uc870 \ub2ec\ub7ec\ub97c \ucd08\uacfc\ud588\uc73c\uba70, GDP \ub300\ube44 \uad6d\ubbfc \ubd80\ucc44 \ube44\uc728\uc740 100%\uc5d0 \ub3c4\ub2ec\ud588\uc2b5\ub2c8\ub2e4. \ubca0\uc13c\ud2b8 \uc7ac\ubb34\uc7a5\uad00\uc774 \uc81c\uc548\ud55c '\uc131\uc7a5\uc5d0 \uc758\uc874\ud574 \ubd80\ucc44\ub97c \ud574\uacb0\ud558\uc790'\ub294 \uad6c\uc0c1\uc740 AI \ud22c\uc790, \uc81c\uc870\uc5c5 \ub9ac\uc1fc\uc5b4\ub9c1, \uac10\uc138 \ub4f1\uc744 \ud1b5\ud574 \uacbd\uc81c\uac00 3% \uc131\uc7a5\uc744 \ub2ec\uc131\ud560 \uc218 \uc788\uae30\ub97c \ud76c\ub9dd\ud55c\ub2e4. \uadf8\ub7ec\ub098 \ud604\uc2e4\uc740 \ub9e4\uc6b0 \ubd84\uba85\ud569\ub2c8\ub2e4. \ud2b8\ub7fc\ud504\uc758 2\ubc88\uc9f8 \uc784\uae30 \uc774\ud6c4 \ubbf8\uad6d \uacbd\uc81c\uc758 \uc5f0\uac04 \uc131\uc7a5\ub960\uc740 \uc57d 1.9%\uc5d0 \ubd88\uacfc\ud588\uc73c\uba70 \uc9c0\ub09c 20\ub144 \ub3d9\uc548 3% \uc774\uc0c1\uc758 \uc131\uc7a5\uc744 \uc774\ub8ec \uac83\uc740 5\ub144\ubc16\uc5d0 \ub418\uc9c0 \uc54a\uc558\uc2b5\ub2c8\ub2e4. \uc7a5\uae30\uc801\uc73c\ub85c \ubcf4\uba74 \uc0dd\uc0b0\uac00\ub2a5\uc778\uad6c\uc758 \uc5f0\ud3c9\uade0 \uc99d\uac00\uc728\uc740 0.3%\ub85c \uc9c0\ub09c \uc138\uae30 1990\ub144\ub300\ubcf4\ub2e4 \ud6e8\uc52c \ub0ae\ub2e4. 1990\ub144\ub300 \uc218\uc900\uc73c\ub85c \uc131\uc7a5\uc5d0 \ud070 \uc81c\uc57d\uc774 \ub418\uace0 \uc788\ub2e4. \uad00\ub828 \ud559\uc220 \uc5f0\uad6c\uc5d0\uc11c\ub3c4 \uc0ac\ud68c\ubcf4\uc7a5, \uc758\ub8cc\ubcf4\ud5d8 \ub4f1 \uacbd\uc9c1\ub41c \uc9c0\ucd9c\uc774 \uc801\uc790 \u200b\u200b\ud655\ub300\uc758 \ud575\uc2ec \ub3d9\uc778\uc784\uc744 \uc9c0\uc801\ud558\uace0 \uc788\uc2b5\ub2c8\ub2e4. \ubcf5\uc9c0\uc81c\ub3c4\ub97c \uac1c\ud601\ud558\uc9c0 \uc54a\uace0 \uc131\uc7a5\uc5d0\ub9cc \uc758\uc874\ud574\uc11c\ub294 \uc7ac\uc815\uc0c1\ud669\uc744 \uadfc\ubcf8\uc801\uc73c\ub85c \uac1c\uc120\ud558\uae30 \uc5b4\ub835\ub2e4.<\/p>\n<p>\ubc18\uba74, \ucc44\uad8c\uc2dc\uc7a5 \uc555\ub825\uc740 \uc5f0\uc900\uc758 \uc815\ucc45 \uc5ec\ub825\uc744 \uc81c\ud55c\ud560 \uac83\uc785\ub2c8\ub2e4. WMAX\ub294 \uc5f0\uc900\uc774 \uae08\ub9ac \uc778\uc0c1\uc744 \uc120\ud0dd\ud558\uace0 \uae34\ucd95 \uc2e0\ud638\ub97c \uacc4\uc18d \ub0b4\ub193\uc73c\uba74 \uc7a5\uae30 \uae08\ub9ac\uac00 \ub354\uc6b1 \uc0c1\uc2b9\ud574 \uc8fc\ud0dd\ub2f4\ubcf4\ub300\ucd9c\uacfc \uae30\uc5c5 \uc790\uae08\uc870\ub2ec \ube44\uc6a9\uc774 \ub298\uc5b4\ub0a0 \ubfd0\ub9cc \uc544\ub2c8\ub77c \uc5f0\ubc29\uc815\ubd80\uc758 \uc774\uc790\ube44\uc6a9 \ubd80\ub2f4\ub3c4 \ub298\uc5b4\ub098 '\uae08\ub9ac \uc778\uc0c1\u2192\ucc44\uad8c\uc2dc\uc7a5 \uc555\ubc15\u2192\uc7ac\uc815\uc555\ub825 \uc99d\uac00\u2192\uc778\ud50c\ub808\uc774\uc158 \ubc18\ub4f1'\uc774\ub77c\ub294 \ubd80\uc815\uc801 \ud53c\ub4dc\ubc31 \ub8e8\ud504\uac00 \ud615\uc131\ub420 \uc218 \uc788\ub2e4\uace0 \ud310\ub2e8\ud55c\ub2e4. \uc774\ub294 Wash\uc758 \uc758\uc0ac \uacb0\uc815\uc5d0\uc11c \uace0\ub824\ud574\uc57c \ud558\ub294 \uc554\ubb35\uc801\uc778 \uc81c\uc57d\uc774\uae30\ub3c4 \ud558\uba70, \uc774\ub7ec\ud55c \uc218\uc900\uc758 \ub17c\ub9ac\ub294 \ub2e8\uae30 \ub370\uc774\ud130\uc5d0 \ucd08\uc810\uc744 \ub9de\ucd98 \ub300\ubd80\ubd84\uc758 \uc2dc\uc7a5 \ubd84\uc11d\uc5d0\uc11c\ub294 \ub2e4\ub8e8\uc9c0 \uc54a\uc2b5\ub2c8\ub2e4.<\/p>\n<p><img decoding=\"async\" width=\"1541\" height=\"824\" class=\"wp-image-11290\" src=\"https:\/\/www.kpai1.cn\/wp-content\/uploads\/2026\/09\/word-image-11286-4.png\" srcset=\"https:\/\/www.kpai1.cn\/wp-content\/uploads\/2026\/09\/word-image-11286-4.png 1541w, https:\/\/www.kpai1.cn\/wp-content\/uploads\/2026\/09\/word-image-11286-4-300x160.png 300w, https:\/\/www.kpai1.cn\/wp-content\/uploads\/2026\/09\/word-image-11286-4-1024x548.png 1024w, https:\/\/www.kpai1.cn\/wp-content\/uploads\/2026\/09\/word-image-11286-4-768x411.png 768w, https:\/\/www.kpai1.cn\/wp-content\/uploads\/2026\/09\/word-image-11286-4-1536x821.png 1536w, https:\/\/www.kpai1.cn\/wp-content\/uploads\/2026\/09\/word-image-11286-4-18x10.png 18w, https:\/\/www.kpai1.cn\/wp-content\/uploads\/2026\/09\/word-image-11286-4-900x481.png 900w, https:\/\/www.kpai1.cn\/wp-content\/uploads\/2026\/09\/word-image-11286-4-600x321.png 600w\" sizes=\"(max-width: 1541px) 100vw, 1541px\" \/><\/p>\n<h2>\uc8fc\uc694 \uc790\uc0b0 \ud074\ub798\uc2a4\ub85c\ubd80\ud130\uc758 \ubca4\uce58\ub9c8\ud06c \ud310\ub2e8 \ubc0f \uc601\uac10<\/h2>\n<p>Wmax\ub294 \uc778\ud50c\ub808\uc774\uc158 \ub370\uc774\ud130, \ub0b4\ubd80 \ud569\uc758, \uc815\uce58\uc801 \uc81c\uc57d, \ucc44\uad8c\uc2dc\uc7a5 \uc555\ub825 \ub4f1 \ub2e4\uc591\ud55c \uce21\uba74\uc744 \uc885\ud569\ud574 \uc774\ubc88 \ud68c\uc758\uc5d0\uc11c 25bp \uae08\ub9ac \uc778\uc0c1\uc774 \uc5ec\uc804\ud788 \uae30\ubcf8 \uc2dc\ub098\ub9ac\uc624\uc774\uba70 \ubc1c\uc0dd \ud655\ub960\uc740 \uc57d 80%\ub77c\uace0 \ud310\ub2e8\ud588\uc2b5\ub2c8\ub2e4. \uadf8\ub7ec\ub098 Warsh\ub294 \"\ub9e4\ud30c\uc758 \ud589\ub3d9\uacfc \ube44\ub458\uae30\uc758 \uc778\ub3c4\"\ub77c\ub294 \uade0\ud615 \uc7a1\ud78c \uc804\ub7b5\uc744 \ucc44\ud0dd\ud560 \uac00\ub2a5\uc131\uc774 \ub192\uc2b5\ub2c8\ub2e4. \uc989, \uc778\ud50c\ub808\uc774\uc158 \ubc29\uc9c0 \uc57d\uc18d\uc744 \uc774\ud589\ud558\uace0 \ub0b4\ubd80 \ub9e4\ud30c\ub97c \ub2ec\ub798\uba70 \uc2dc\uc7a5 \uc2e0\ub8b0\ub3c4\ub97c \uc720\uc9c0\ud558\uae30 \uc704\ud574 \uae08\ub9ac\ub97c \uc778\uc0c1\ud558\ub294 \uac83\uc785\ub2c8\ub2e4. \ub3d9\uc2dc\uc5d0 \uadf8\ub294 \uae30\uc790\ud68c\uacac\uc5d0\uc11c \ud6c4\uc18d \uae08\ub9ac \uc778\uc0c1\uc5d0 \ub300\ud55c \uae30\ub300\ub97c \uc57d\ud654\uc2dc\ucf30\uc73c\uba70 \uc815\ucc45\uc740 \uc778\ub0b4\uc2ec\uc744 \uac16\uace0 \ud6c4\uc18d \ub370\uc774\ud130\uc5d0 \uc758\uc874\ud558\uc5ec \ubc31\uc545\uad00\uc5d0 \ub300\ud55c \uc815\uce58\uc801 \uc555\ub825\uc744 \uc644\ud654\ud558\uace0 \uc7a5\uae30 \ubbf8\uad6d \ucc44\uad8c \uc218\uc775\ub960\uc758 \ud1b5\uc81c\ud560 \uc218 \uc5c6\ub294 \ucd94\uac00 \uc0c1\uc2b9\uc744 \ubc29\uc9c0\ud560 \uac83\uc774\ub77c\uace0 \uac15\uc870\ud588\uc2b5\ub2c8\ub2e4.<\/p>\n<p>\uc8fc\uc694 \uc790\uc0b0\uad70\uacfc \uad00\ub828\ud558\uc5ec Wmax\ub294 \uc138 \uac00\uc9c0 \uba85\ud655\ud55c \ud310\ub2e8\uc744 \ub0b4\ub838\uc2b5\ub2c8\ub2e4. \uccab\uc9f8, \ubbf8\uad6d \ucc44\uad8c \uc2dc\uc7a5\uc758 \ub2e8\uae30 \uae08\ub9ac\ub294 \uae08\ub9ac \uc778\uc0c1\uc5d0 \uc758\ud574 \ub4b7\ubc1b\uce68\ub418\ub294 \ubc18\uba74, \uc7a5\uae30 \uae08\ub9ac\ub294 \ube44\ub458\uae30\ud30c\uc801 \uae30\ub300\uc640 \uc7ac\uc815 \uc555\ubc15\uc5d0 \uc758\ud574 \uacac\uc778\ub429\ub2c8\ub2e4. 10\ub144 \ub3d9\uc548 5% \ud45c\uc2dc\uac00 \uacc4\uc18d\ud574\uc11c \uac8c\uc784\uc744 \ubc18\ubcf5\ud558\uac8c \ub429\ub2c8\ub2e4. \ub2e8\uae30\uc801\uc73c\ub85c \ucd94\uc138 \ub3cc\ud30c\ub97c \uc774\ub8e8\uae30\ub294 \uc5b4\ub835\uc9c0\ub9cc, \uace0\uae08\ub9ac \ubcc0\ub3d9\uc758 \uc911\uc2ec\uc774 \uccb4\uacc4\uc801\uc73c\ub85c \uc0c1\ud5a5 \uc774\ub3d9\ud574\uc654\uc2b5\ub2c8\ub2e4. \ub458\uc9f8, \ubbf8\uad6d \ub2ec\ub7ec \uc9c0\uc218\ub294 '\uae30\ub300 \ub9e4\uc218, \uc0ac\uc2e4 \ub9e4\ub3c4' \ucd94\uc138\ub97c \ubcf4\uc77c \uac00\ub2a5\uc131\uc774 \ub192\uc2b5\ub2c8\ub2e4. \uae08\ub9ac \uc778\uc0c1\uc774 \uc2dc\ud589\ub418\uae30 \uc804\uc5d0\ub3c4 \uac15\uc138\ub97c \uc720\uc9c0\ud588\uc2b5\ub2c8\ub2e4. \uc2dc\ud589 \uc774\ud6c4\uc5d0\ub294 \ube44\ub458\uae30\ud30c\uc801 \uc9c0\ub3c4\uc640 \uc5d4\ud654 \uac15\uc138\ub85c \uc5ed\uc73c\ub85c \uc5b5\uc81c\ub410\uace0, \ub2e8\uae30\uc801\uc73c\ub85c\ub294 \uc870\uc815\uc555\ub825\uc5d0 \uc9c1\uba74\ud588\ub2e4. \uc14b\uc9f8, \uae08\ub9ac \uc778\uc0c1\uc774 \uc2dc\ud589\ub418\uae30 \uc804 \uc8fc\uc2dd\uc2dc\uc7a5\uc740 \uc5ec\uc804\ud788 \u200b\u200b\ubcc0\ub3d9\uc131\uc774 \ud06c\uace0, \uae30\uc220 \ubd80\ubb38\uc740 \uc7a5\uae30 \uae08\ub9ac \uc0c1\uc2b9\uacfc \uc5d4\ud654 \ucc28\uc775\uac70\ub798 \ud574\uc18c\ub77c\ub294 \uc774\uc911 \uc555\ub825\uc744 \ubc1b\uace0 \uc788\uc2b5\ub2c8\ub2e4. \ub2e4\ub9cc \uc774\ubc88 \ud68c\uc758\uc5d0\uc11c \uba85\ud655\ud55c \ube44\ub458\uae30\ud30c\uc801 \ud3ec\uc6cc\ub4dc \uac00\uc774\ub358\uc2a4\uac00 \ub3d9\ubc18\ub420 \uacbd\uc6b0 \ub9c8\uc774\ub108\uc2a4 \uae08\ub9ac \uc778\uc0c1 \uc774\ud6c4 \uc2dc\uc7a5 \ud68c\ubcf5\uc138\ub97c \uc774\ub04c \uac83\uc73c\ub85c \uc608\uc0c1\ub41c\ub2e4.<\/p>\n<p>\uc804\ubc18\uc801\uc73c\ub85c \ud604\uc7ac \uc2dc\uc7a5\uc740 \uc5ec\uc804\ud788 \u200b\u200b\uc77c\ubc18\uc801\uc73c\ub85c \"\uc778\ud50c\ub808\uc774\uc158 \ub370\uc774\ud130 \u2192 \uae08\ub9ac \uc778\uc0c1 \uacb0\uc815\"\uc774\ub77c\ub294 \uc120\ud615 \ubd84\uc11d \ud504\ub808\uc784\uc6cc\ud06c\uc5d0 \uac07\ud600 \uc788\uc73c\uba70, \uc815\uce58 \uac8c\uc784\uc758 \uc81c\uc57d\uacfc \uc815\ucc45\uc5d0 \ub300\ud55c \ucc44\uad8c \uc2dc\uc7a5\uc5d0 \ub300\ud55c \uadfc\ubcf8\uc801\uc778 \uc555\ub825\uc744 \uacfc\uc18c\ud3c9\uac00\ud558\uace0 \uc788\uc73c\uba70, \uc5ec\ub7ec \ubaa9\ud45c\uc758 \uade0\ud615\uc744 \ub9de\ucd94\uae30 \uc704\ud55c \uc6cc\uc2dc(Wash)\uc758 \uc804\ub7b5\uc801 \uacf5\uac04\uc744 \ubb34\uc2dc\ud558\uace0 \uc788\uc2b5\ub2c8\ub2e4. Wmax\ub294 \ud56d\uc0c1 \ub2e8\uc77c \ub370\uc774\ud130\uc758 \ub2e8\uc21c\ud55c \ub300\uc751\uc774 \uc544\ub2cc \uc815\ucc45 \uc2e0\ub8b0\uc131, \uc815\uce58 \uc21c\ud658 \ubc0f \uc7ac\uc815 \ud380\ub354\uba58\ud138\uc758 \ub2e4\ucc28\uc6d0\uc801 \ud504\ub808\uc784\uc6cc\ud06c\uc5d0\uc11c \uc5f0\uc900\uc758 \uc758\uc0ac\uacb0\uc815\uc744 \ud574\uccb4\ud560 \uac83\uc744 \uc8fc\uc7a5\ud569\ub2c8\ub2e4. \uc55e\uc73c\ub85c\ub3c4 \uc6b0\ub9ac\ub294 \ud68c\uc758 \uacb0\uc758\uc548, \uae30\uc790\ud68c\uacac \ubb38\uad6c \ubc0f \ucc44\uad8c \uc2dc\uc7a5 \uc790\ubcf8 \ud750\ub984\uc744 \uc9c0\uc18d\uc801\uc73c\ub85c \ucd94\uc801\ud558\uace0, \ud45c\uba74 \uc815\ucc45\uc5d0 \uce68\ud22c\ud558\uc5ec \uae30\ubcf8 \ub17c\ub9ac\ub97c \ud30c\uc545\ud558\uace0, \ub300\uaddc\ubaa8 \uc790\uc0b0 \ubc30\ubd84\uc5d0 \ub300\ud55c \uc5f0\uad6c \ubc0f \ud310\ub2e8\uc744 \uc704\ud55c \ubcf4\ub2e4 \ubbf8\ub798 \uc9c0\ud5a5\uc801\uc778 \uae30\ubc18\uc744 \uc81c\uacf5\ud560 \uac83\uc785\ub2c8\ub2e4.<\/p>","protected":false},"excerpt":{"rendered":"<p>9\uc6d4 \uc5f0\ubc29\uc900\ube44\uc81c\ub3c4(Fed\u00b7\uc5f0\uc900) \uae08\ub9ac \ud68c\uc758\uac00 \ub2e4\uac00\uc624\uace0 \uc788\ub2e4. 8\uc6d4\uc5d0\ub294 CPI\uac00 \uc608\uc0c1\uc744 \ub6f0\uc5b4\ub118\uc5b4 \uae08\ub9ac \uc778\uc0c1 \uac00\ub2a5\uc131\uc744 86%\uae4c\uc9c0 \ub192\uc600\uc2b5\ub2c8\ub2e4. \uadf8\ub7ec\ub098 \ud2b8\ub7fc\ud504\ub294 \ub2e4\uc2dc \ud55c\ubc88 '\uc138\uacc4 \ucd5c\uc800 \uae08\ub9ac'\ub97c \uc555\ubc15\ud588\uace0, \ubbf8\uad6d 10\ub144 \ub9cc\uae30 \uad6d\ucc44\uc218\uc775\ub960\uc740 5%\ub300\uc5d0 \uadfc\uc811\ud588\ub2e4. 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