{"id":7473,"date":"2025-11-19T15:29:50","date_gmt":"2025-11-19T07:29:50","guid":{"rendered":"https:\/\/www.kpai1.cn\/?p=7473"},"modified":"2025-11-19T15:29:55","modified_gmt":"2025-11-19T07:29:55","slug":"%e7%9f%ad%e6%9c%9f%e9%99%8d%e6%81%af-vs-%e9%95%bf%e6%9c%9f%e5%a4%b1%e6%8e%a7%ef%bc%9awmax-%e6%8f%ad%e7%a7%98fed%e6%94%bf%e7%ad%96%e8%bd%ac%e5%90%91%e7%9a%84%e6%b7%b1%e5%b1%82%e4%bb%a3%e4%bb%b7","status":"publish","type":"post","link":"https:\/\/www.kpai1.cn\/ko\/\uc544\uce74\uc774\ube0c\/7473","title":{"rendered":"\ub2e8\uae30 \uae08\ub9ac \uc778\ud558 vs. \uc7a5\uae30 \ud1b5\uc81c \uc0c1\uc2e4: Wmax\ub294 FED\uc758 \uc815\ucc45 \ubcc0\ud654\uc5d0 \ub530\ub978 \ubfcc\ub9ac\uae4a\uc740 \ube44\uc6a9\uc744 \ub4dc\ub7ec\ub0c5\ub2c8\ub2e4."},"content":{"rendered":"

Wmax\ub294 \uc21c\ud658\uc8fc\uae30\uc801\uc778 \uacbd\uc81c \uc5f0\uad6c\uc640 \uc5ed\uc0ac\uc801 \ubc95\uce59 \uac80\ud1a0\ub97c \uae30\ubc18\uc73c\ub85c \ud558\uba70, \uc5f0\uc900\uc758 \ub3c5\ub9bd\uc131\uc774 \ubbf8\uad6d \uacbd\uc81c\uc758 \uc6d0\ud65c\ud55c \uc6b4\uc601\uc758 \ud575\uc2ec \ucd08\uc11d\uc774\ub77c\uace0 \ud56d\uc0c1 \ubbff\uc2b5\ub2c8\ub2e4. \uc758\ud68c\uac00 \uc784\ubb34\ub97c \uc124\uc815\ud558\uace0 \uc5f0\uc900\uc774 \ub3c5\ub9bd\uc801\uc73c\ub85c \uc815\ucc45\uc744 \uc2e4\ud589\ud55c\ub2e4\ub294 \uc6d0\uce59\uc740 \ucd5c\ub300 \uace0\uc6a9\uacfc \ubb3c\uac00 \uc548\uc815\uc131\uc744 \uace0\ub824\ud55c \uc81c\ub3c4\uc801 \ubcf4\uc7a5\uc785\ub2c8\ub2e4.<\/p>\n

<\/a>\ud2b8\ub7fc\ud504\uc758 \uc5f0\uc900 \uac1c\uc785<\/strong><\/p>\n

Wmax\ub294 \uc9c0\uc18d\uc801\uc778 \ucd94\uc801\uc744 \ud1b5\ud574 \ud2b8\ub7fc\ud504\uac00 \uc5f0\uc900\uc758 \uc758\uc0ac\uacb0\uc815\uc5d0 \uc601\ud5a5\uc744 \ubbf8\uce58\uae30 \uc704\ud574 \ub2e4\uc591\ud55c \uc218\ub2e8\uc744 \uc0ac\uc6a9\ud558\uace0 \uc788\uc74c\uc744 \uad00\ucc30\ud588\uc2b5\ub2c8\ub2e4. \uadf8\ub294 \uc5f0\uc900 \uc758\uc7a5\uc744 \uacf5\uac1c\uc801\uc73c\ub85c \ube44\ub09c\ud558\uace0 \uc555\ub825\uc744 \uac00\ud588\uc744 \ubfd0\ub9cc \uc544\ub2c8\ub77c \ub9ac\uc0ac \ucfe1 \uc5f0\uc900 \ucd1d\uc7ac\ub97c \ud574\uc784\ud558\ub824 \ud588\uace0, \ub3d9\uc2dc\uc5d0 \uc2a4\ud2f0\ube10 \ubc00\ub7f0 \uc218\uc11d\uacbd\uc81c\ubcf4\uc88c\uad00\uc744 \uc5f0\ubc29\uacf5\uac1c\uc2dc\uc7a5\uc704\uc6d0\ud68c(FOMC)\uc5d0 \ub4e4\uc5b4\uac00\ub3c4\ub85d \uc555\ubc15\ud558\uba70 \uae08\ub9ac 3%\ud3ec\uc778\ud2b8 \uc778\ud558\ub97c \ub178\uace8\uc801\uc73c\ub85c \uc694\uad6c\ud588\ub2e4.<\/p>\n

\"\u5c40\u90e8\u622a\u53d6_20251119_145454\"<\/p>\n

Wmax\uc758 \uc804\ubb38\uac00 \ud310\ub2e8\uc5d0 \ub530\ub974\uba74 \uc774 \ud589\ub3d9\uc740 \ubd84\uba85\ud55c \uc591\uba74\uc801 \ud574\uc11d\uc744 \uc81c\uc2dc\ud569\ub2c8\ub2e4. \uc9c0\uc9c0\uc790\ub4e4\uc740 \uc774\ub97c \uc5f0\uc900\uc758 \uc7a5\uae30 \uc778\ud50c\ub808\uc774\uc158 \ubaa9\ud45c \ubd88\uc77c\uce58\uc640 \uc9d1\ub2e8 \uc0ac\uace0\ub97c \ud574\uacb0\ud558\uae30 \uc704\ud574 \ud544\uc694\ud55c \uac1c\ud601\uc73c\ub85c \uac04\uc8fc\ud558\uace0 2024\ub144 \uc120\uac70 \uc804 \uae08\ub9ac \uc778\ud558\uac00 \ubbfc\uc8fc\ub2f9\uc758 \uc7ac\uc120 \uc694\uad6c\uc5d0 \ub354 \ud3b8\ud5a5\ub418\uc5b4 \uc788\ub2e4\uace0 \ubbff\uc2b5\ub2c8\ub2e4. \ube44\ud3c9\uac00\ub4e4\uc740 \uc774\uac83\uc774 \ub300\ubc95\uc6d0\uc744 \uc7a5\uc545\ud558\uace0 \uc788\ub294 \ubcf4\uc218\uc8fc\uc758\uc790\ub4e4\uc758 \uae38\uc744 \ubc18\ubcf5\ud558\uace0 \uc800\uae08\ub9ac\ub97c \uc9c0\uc9c0\ud558\ub294 FOMC\uc5d0\uc11c '\ucd08\ub2e4\uc218'\ub97c \uad6c\ucd95\ud558\ub824\ub294 \uc758\ub3c4\ub97c \uc9c0\ub2cc \uc804\ud615\uc801\uc778 \ub2f9\ud30c\uc801 \uc815\uce58\uc801 \uc778\uc218\ub77c\uace0 \uc6b0\ub824\ud569\ub2c8\ub2e4.<\/p>\n

<\/a>Wmax\uc758 \uc774\uc911 \uc2dc\ub098\ub9ac\uc624 \ucd94\ub860 \ubc0f \uc774\ub825 \ud655\uc778<\/strong><\/p>\n

Wmax\uc758 \uc5f0\uad6c\ub294 \uc5ed\uc0ac\uc801 \uc21c\ud658\uc758 \uacbd\uace0\ub97c \ub354\uc6b1 \ud655\uc99d\ud574 \uc90d\ub2c8\ub2e4. 1970\ub144\ub300 \ub2c9\uc2a8 \ub300\ud1b5\ub839\uc740 \uc5f0\ubc29\uc900\ube44\uc740\ud589 \uc758\uc7a5\uc5d0\uac8c \uc120\uac70\ub97c \ub3d5\uae30 \uc704\ud574 \uc800\uae08\ub9ac\ub97c \uc720\uc9c0\ud560 \uac83\uc744 \uc694\uccad\ud588\uace0, \uc774\ub294 \uacb0\uad6d \uc778\ud50c\ub808\uc774\uc158\uc758 \uc9c0\uc18d\uc801\uc778 \uae09\uc99d\uc73c\ub85c \uc774\uc5b4\uc84c\uc2b5\ub2c8\ub2e4. 1980\ub144 \uc18c\ube44\uc790\ubb3c\uac00\uc9c0\uc218\ub294 15%\uc5d0 \uc721\ubc15\ud588\uace0, \uc774\ub97c \uc5b5\uc81c\ud558\uae30 \uc704\ud574\uc11c\ub294 \uc774\ud6c4 \uc0c1\ub2f9\ud55c \uae08\ub9ac \uc778\uc0c1\uacfc \ub450 \ucc28\ub840\uc758 \uae4a\uc740 \ubd88\ud669\uc744 \uacaa\uc5b4\uc57c \ud588\ub2e4. \uc5ed\uc0ac\uc801 \uc0ac\ub840\ub294 \ud604\uc7ac \uc2dc\ub098\ub9ac\uc624\ub97c \ubd84\uba85\ud788 \ubc18\uc601\ud558\uba70 \uc911\uc559\uc740\ud589 \ub3c5\ub9bd\uc131\uc5d0 \ub300\ud55c \uac1c\uc785\uc758 \ubd88\uac00\ud53c\ud55c \uc704\ud5d8\uc744 \uac15\uc870\ud569\ub2c8\ub2e4. \uc131\uc219\ud55c \uacbd\uc81c \ubaa8\ub378\uacfc \ub300\uaddc\ubaa8 \uacfc\uac70 \ub370\uc774\ud130\ub97c \ubc14\ud0d5\uc73c\ub85c Wmax\ub294 \uc5f0\uc900\uc758 \uc815\uce58\uc801 \uac1c\uc785\uc774 \ubbf8\uce60 \uc218 \uc788\ub294 \uc7a0\uc7ac\uc801 \uc601\ud5a5\uc5d0 \ub300\ud55c \uc5c4\uaca9\ud55c \uc2dc\ub098\ub9ac\uc624 \uc2dc\ubbac\ub808\uc774\uc158\uc744 \uc218\ud589\ud588\uc73c\uba70, \uacb0\ub860\uc740 \uacbd\uae30 \uc21c\ud658 \uacbd\uc81c \ubc95\uce59\uacfc \ub9e4\uc6b0 \uc77c\uce58\ud569\ub2c8\ub2e4.<\/p>\n

\"\u56fe\u7247<\/p>\n

\uae30\uc900 \ud3b8\ud5a5 \uc2dc\ub098\ub9ac\uc624:<\/strong>\uc5f0\uc900\uc774 \uc815\uce58\uc801 \uc9c0\uce68\uc5d0 \uc601\ud5a5\uc744 \ubc1b\uc544 \uc778\ud50c\ub808\uc774\uc158 \ubaa9\ud45c\ub97c \uace0\uc815\ud558\uae30\ubcf4\ub2e4 \ub0ae\uc740 \uc2e4\uc5c5\ub960\uc744 \uc720\uc9c0\ud558\ub294 \ub370 \ub354 \ucd08\uc810\uc744 \ub9de\ucd94\uba74 \uae30\uc900 \uc2dc\ub098\ub9ac\uc624\uc5d0 \ube44\ud574 \uae08\ub9ac \uc778\ud558 \ube48\ub3c4\uac00 2\ubc30 \uc99d\uac00\ud560 \uac83\uc785\ub2c8\ub2e4. \uc2dc\uc7a5\uc740 \uc774\ub7ec\ud55c \uc815\ucc45 \ubcc0\ud654\ub97c \ube60\ub974\uac8c \uc778\uc2dd\ud558\uc5ec \uc778\ud50c\ub808\uc774\uc158 \uae30\ub300\uac00 \uc644\ud654\ub418\uace0 \uac00\uaca9 \uc778\uc0c1\uc774 \uc810\ucc28 3%\uae4c\uc9c0 \uc0c1\uc2b9\ud558\uac8c \ub429\ub2c8\ub2e4.<\/p>\n

\uadf9\ub2e8\uc801\uc778 \uc778\uc218 \uc2dc\ub098\ub9ac\uc624:<\/strong>\uc5f0\uc900\uc774 \uc815\uce58\uc801 \uc555\ub825\uc5d0 \uc644\uc804\ud788 \uad74\ubcf5\ud574 \uc815\ucc45\uae08\ub9ac\ub97c 1%\ub85c \ub0ae\ucd94\uace0 \uc774\ub97c \uc720\uc9c0\ud558\uba70 \uc778\ud50c\ub808\uc774\uc158 \uc9c0\ud45c\uac00 \uc545\ud654\ub418\ub354\ub77c\ub3c4 \uc870\uc815\uc744 \ud558\uc9c0 \uc54a\ub294\ub2e4\uba74 \ub2e8\uae30\uc801\uc73c\ub85c\ub294 \uac70\uc9d3 \ubc88\uc601\uc774 \ub098\ud0c0\ub0a0 \uac83\uc774\ub2e4. \uadf8\ub7ec\ub098 \uc778\ud50c\ub808\uc774\uc158 \uae30\ub300\uce58\ub294 \ud06c\uac8c \ub192\uc544\uc9c8 \uac83\uc785\ub2c8\ub2e4. \uac00\uaca9 \uc778\uc0c1\uc774 4%\ub97c \ucd08\uacfc\ud558\uba74 \uc2dc\uc7a5\uc740 \uc5f0\uc900\uc758 \ub3c5\ub9bd\uc131 \uc0c1\uc2e4\uc744 \uc2dc\uc2a4\ud15c \ubcc0\ud654\ub85c \ud3c9\uac00\ud560 \uac83\uc785\ub2c8\ub2e4. 5\ub144 \ub9cc\uae30 \ucc28\uc785\ube44\uc6a9\uc774 3%\ud3ec\uc778\ud2b8 \uc0c1\uc2b9\ud574 1970\ub144\ub300 \ud6c4\ubc18 \uae08\ub9ac \ubcc0\ub3d9\uc774 \uc7ac\ud604\ub420 \uc218\ub3c4 \uc788\ub2e4. 2026\ub144\uc758 \uba85\ubc31\ud55c \ubc88\uc601\uc740 2027\ub144 \ub300\uc120 \uc9c1\uc804\uc5d0 \uc2a4\ud0dc\uadf8\ud50c\ub808\uc774\uc158\uc73c\ub85c \uc804\ud658\ub420 \uac00\ub2a5\uc131\uc774 \ub192\uc73c\uba70, \uc774\ub294 \ubbf8\uad6d \ub2ec\ub7ec\uc758 \uae30\ucd95\ud1b5\ud654 \uc0c1\ud0dc\uc5d0 \uc601\ud5a5\uc744 \ubbf8\uce60 \uac00\ub2a5\uc131\uc774 \ub354 \ub192\uc2b5\ub2c8\ub2e4.<\/p>\n

\"\u5c40\u90e8\u622a\u53d6_20251119_145629\"<\/p>\n

<\/a>\ud575\uc2ec \uacb0\ub860: \uc7a5\uae30 \ube44\uc6a9\uc5d0 \ub300\ud55c \ub2e8\uae30 \uc774\uc775<\/strong><\/p>\n

Wmax\ub294 \ub2e4\uac01\uc801\uc778 \uac80\uc99d\uc744 \uac70\uccd0 \uc5f0\uc900\uc758 \ub3c5\ub9bd\uc131\uc744 \uc57d\ud654\uc2dc\ud0a4\uba74 \ub2e8\uae30\uc801\uc73c\ub85c\ub294 \uacbd\uc81c\uc131\uc7a5\uacfc \uace0\uc6a9\ubc30\ub2f9\uc744 \uc5bb\uc744 \uc218 \uc788\uc9c0\ub9cc \uc7a5\uae30\uc801\uc73c\ub85c\ub294 \ud1b5\uc81c\ud560 \uc218 \uc5c6\ub294 \uc778\ud50c\ub808\uc774\uc158, \uace0\uc6a9\uc2dc\uc7a5 \ubcc0\ub3d9, \uc0dd\uc0b0\ub7c9 \ud6a8\uc728\uc131 \uc800\ud558 \ub4f1\uc758 \uce21\uba74\uc5d0\uc11c \ud070 \ub300\uac00\ub97c \uce58\ub974\uac8c \ub420 \uac83\uc784\uc744 \ubd84\uba85\ud788 \ud588\uc2b5\ub2c8\ub2e4. \uc774\ub294 \ubcf8\uc9c8\uc801\uc73c\ub85c \uc774\ub4dd\uacfc \uc190\uc2e4\uc744 \ub2a5\uac00\ud558\ub294 \uc815\ucc45 \uc120\ud0dd\uc785\ub2c8\ub2e4. \uc77c\ubd80 \uacac\ud574\uc5d0\uc11c\ub294 \uc5f0\uc900\uc744 \ucd5c\uc801\uc758 \uacbd\uc81c\uc801 \uacb0\uacfc\ub97c \ucd94\uad6c\ud558\ub294 \uc911\ub9bd \uae30\uad00\uc774\ub77c\uae30\ubcf4\ub2e4\ub294 \ub2f9\ud30c\uc801 \ud1b5\uce58\ub97c \uc9c0\uc6d0\ud558\ub294 \uae30\uad00\uc73c\ub85c \ubd05\ub2c8\ub2e4. \uc774\ub7ec\ud55c \uc778\uc2dd\uc740 Wmax\uc758 \ub370\uc774\ud130 \ubc0f \uaddc\uce59\uc5d0 \ub530\ub978 \ud310\ub2e8\uacfc \ud06c\uac8c \ub2e4\ub985\ub2c8\ub2e4.<\/p>","protected":false},"excerpt":{"rendered":"

\uae08\ub9ac\ub97c \uc778\ud558\ud558\uace0 \uc774\uc0ac\ub97c \ubc14\uafb8\ub77c\ub294 \ud2b8\ub7fc\ud504\uc758 \uc555\ub825\uc740 \uc5f0\uc900\uc758 \ub3c5\ub9bd\uc131\uc744 \uc704\ud611\ud569\ub2c8\ub2e4. \uae30\ubcf8 \uc2dc\ub098\ub9ac\uc624\uc5d0\uc11c\ub294 \uc778\ud50c\ub808\uc774\uc158\uc774 3%\uae4c\uc9c0 \uc0c1\uc2b9\ud558\uace0 \uadf9\ub2e8\uc801\uc778 \uc778\uc218\ud569\ubcd1\uc73c\ub85c \uc778\ud574 1970\ub144 \uc2a4\ud0dc\uadf8\ud50c\ub808\uc774\uc158\uc774 \ubc18\ubcf5\ub418\uc5b4 \ubbf8\uad6d \ub2ec\ub7ec\uc758 \uc704\uc0c1\uc774 \ud6fc\uc190\ub420 \uc218 \uc788\uc2b5\ub2c8\ub2e4. \ub2e8\uae30\uc801\uc778 \uc815\uce58\uc801 \uc774\uc775\uc740 \uc7a5\uae30\uc801\uc778 \ube44\uc6a9\uc744 \uc0c1\uc1c4\ud560 \uc218 \uc5c6\uc73c\uba70, \uc911\uc559\uc740\ud589\uc758 \ub3c5\ub9bd\uc131\uc744 \uace0\uc218\ud558\ub294 \uac83\uc774 \uc548\uc815\uc801\uc778 \uc131\uc7a5\uc758 \ucd08\uc11d\uc785\ub2c8\ub2e4.<\/p>","protected":false},"author":1,"featured_media":7474,"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":[180,178,179],"class_list":["post-7473","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-financial-news","tag-180","tag-178","tag-179"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.kpai1.cn\/ko\/wp-json\/wp\/v2\/posts\/7473","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=7473"}],"version-history":[{"count":1,"href":"https:\/\/www.kpai1.cn\/ko\/wp-json\/wp\/v2\/posts\/7473\/revisions"}],"predecessor-version":[{"id":7478,"href":"https:\/\/www.kpai1.cn\/ko\/wp-json\/wp\/v2\/posts\/7473\/revisions\/7478"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.kpai1.cn\/ko\/wp-json\/wp\/v2\/media\/7474"}],"wp:attachment":[{"href":"https:\/\/www.kpai1.cn\/ko\/wp-json\/wp\/v2\/media?parent=7473"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.kpai1.cn\/ko\/wp-json\/wp\/v2\/categories?post=7473"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.kpai1.cn\/ko\/wp-json\/wp\/v2\/tags?post=7473"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}