{"id":30390,"date":"2022-11-04T20:03:00","date_gmt":"2022-11-04T11:03:00","guid":{"rendered":"https:\/\/www.globalmacroresearch.org\/jp\/?p=30390"},"modified":"2022-11-04T11:43:23","modified_gmt":"2022-11-04T02:43:23","slug":"%e3%82%ac%e3%83%b3%e3%83%89%e3%83%a9%e3%83%83%e3%82%af%e6%b0%8f-%e3%82%a4%e3%83%b3%e3%83%95%e3%83%ac%e7%8e%87%e3%81%af%e6%9d%a5%e5%b9%b4%e5%8d%8a%e3%81%b0%e3%81%be%e3%81%a7%e3%81%ab4-5%e3%81%be","status":"publish","type":"post","link":"https:\/\/www.globalmacroresearch.org\/jp\/archives\/30390","title":{"rendered":"\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f: \u30a4\u30f3\u30d5\u30ec\u7387\u306f\u6765\u5e74\u534a\u3070\u307e\u3067\u306b4.5%\u307e\u3067\u4e0b\u304c\u308b"},"content":{"rendered":"\n<p>DoubleLine Capital\u306e\u30b8\u30a7\u30d5\u30ea\u30fc\u30fb\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f\u304cCNBC\u306e\u30a4\u30f3\u30bf\u30d3\u30e5\u30fc\u3067\u6708\u521d\u306eFOMC\u4f1a\u5408\u306b\u3064\u3044\u3066\u89e6\u308c\u3001\u4eca\u5f8c\u306e\u30a2\u30e1\u30ea\u30ab\u306e\u30a4\u30f3\u30d5\u30ec\u52d5\u5411\u306b\u3064\u3044\u3066\u8a9e\u3063\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<!--more-->\n\n\n\n<p><strong>FOMC\u4f1a\u5408\u7d50\u679c<\/strong><\/p>\n\n\n\n<p>\u30a2\u30e1\u30ea\u30ab\u3067\u306f11\u67081\u65e5\u304b\u30892\u65e5\u306b\u304b\u3051\u3066FOMC\u4f1a\u5408\u304c\u884c\u308f\u308c\u30010.75%\u306e\u5229\u4e0a\u3052\u304c\u884c\u308f\u308c\u305f\u3068\u540c\u6642\u306b\u4eca\u5f8c\u306e\u5229\u4e0a\u3052\u65b9\u91dd\u304c\u793a\u5506\u3055\u308c\u305f\u3002<\/p>\n\n\n\n<p>FOMC\u4f1a\u5408\u306e\u7d50\u679c\u304c\u767a\u8868\u3055\u308c\u308b\u307e\u3067\u306f\u52dd\u624b\u306b\u76db\u308a\u4e0a\u304c\u3063\u3066\u3044\u305f\u682a\u5f0f\u5e02\u5834\u306f\u3001\u7b46\u8005\u306e\u8003\u3048\u3067\u306f\u5f53\u305f\u308a\u524d\u306e\u7d50\u679c\u3092\u53d7\u3051\u3066\u52dd\u624b\u306b\u4e0b\u843d\u3057\u305f\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/30381\" data-type=\"post\" data-id=\"30381\">11\u6708FOMC\u4f1a\u5408\u7d50\u679c\u3092\u53d7\u3051\u3066\u898b\u4e8b\u306b\u682a\u4fa1\u304c\u6025\u843d\u3057\u305f\u7406\u7531<\/a><\/li><\/ul>\n\n\n\n<p>\u3060\u304c\u304b\u306d\u3066\u3088\u308aFed\uff08\u9023\u90a6\u6e96\u5099\u5236\u5ea6\uff09\u304c\u5f15\u304d\u7de0\u3081\u3092\u3084\u308a\u904e\u304e\u308b\u53ef\u80fd\u6027\u3092\u8b66\u544a\u3057\u3066\u3044\u305f\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f\u306b\u3068\u3063\u3066\u3082\u3001\u3053\u306e\u7d50\u679c\u306f\u5c11\u3005\u56f0\u60d1\u3060\u3063\u305f\u3088\u3046\u3060\u3002\u5f7c\u306f\u6b21\u306e\u3088\u3046\u306b\u8ff0\u3079\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>\u30d1\u30a6\u30a8\u30eb\u6c0f\u306f\u3044\u308f\u3070\u77db\u76fe\u3057\u3066\u3044\u305f\u3002\u300c\u3053\u308c\u307e\u3067\u65e2\u306b\u304b\u306a\u308a\u5f15\u304d\u7de0\u3081\u305f\u300d\u3068\u8a00\u3063\u3066\u30cf\u30c8\u6d3e\u3067\u3042\u308b\u304b\u306e\u3088\u3046\u306b\u898b\u3048\u305f\u304b\u3068\u601d\u3048\u3070\u3001\u300c\u91d1\u5229\u306f\u3053\u308c\u307e\u3067\u8003\u3048\u3066\u3044\u305f\u3088\u308a\u3082\u9ad8\u304f\u306a\u308b\u300d\u3068\u7a81\u7136\u8a00\u3044\u59cb\u3081\u305f\u3002<\/p><\/blockquote>\n\n\n\n<p>\u3060\u304c\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f\u306f\u5c11\u306a\u304f\u3068\u3082\u3053\u308c\u307e\u3067\u306eFed\u306e\u5f15\u304d\u7de0\u3081\u306b\u306f\u6e80\u8db3\u3057\u3066\u3044\u308b\u3089\u3057\u3044\u3002\u5f7c\u306f\u6b21\u306e\u3088\u3046\u306b\u8a00\u3063\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>5\u6708\u306b\u306f\u308f\u305f\u3057\u306fFed\u306b\u975e\u5e38\u306b\u6279\u5224\u7684\u3060\u3063\u305f\u3002\u5229\u4e0a\u3052\u306f\u50b5\u5238\u5e02\u5834\u306e\u7e54\u308a\u8fbc\u307f\u3088\u308a\u304b\u306a\u308a\u9045\u308c\u3066\u304a\u308a\u3001\u534a\u3070\u5197\u8ac7\u3067\u300c2%\u5229\u4e0a\u3052\u3092\u884c\u306a\u3063\u3066\u304b\u3089\u69d8\u5b50\u3092\u898b\u308b\u3079\u304d\u300d\u3068\u8a00\u3063\u305f\u3002<\/p><p>\u3060\u304c\u7d50\u5c40\u5f7c\u3089\u306f\u305d\u308c\u306b\u8fd1\u3044\u3053\u3068\u3092\u3084\u3063\u305f\u3002Fed\u306f\u5468\u56de\u9045\u308c\u3060\u3063\u305f\u304c\u4eca\u3084\u50b5\u5238\u5e02\u5834\u306e\u7e54\u308a\u8fbc\u307f\u3068\u307b\u3068\u3093\u3069\u540c\u3058\u3068\u3053\u308d\u306b\u5c45\u308b\u3002<\/p><\/blockquote>\n\n\n\n<p>\u305d\u3057\u3066\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f\u306f\u3001\u30d1\u30a6\u30a8\u30eb\u8b70\u9577\u304c12\u6708\u306e\u5229\u4e0a\u3052\u6e1b\u901f\u3092\u793a\u5506\u3057\u305f\u3053\u3068\u306b\u3082\u6e80\u8db3\u3057\u3066\u3044\u308b\u3089\u3057\u3044\u3002<\/p>\n\n\n\n<p><strong>\u30b5\u30de\u30fc\u30ba\u6c0f vs \u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f<\/strong><\/p>\n\n\n\n<p>\u3060\u304c\u3053\u308c\u307e\u3067\u30a4\u30f3\u30d5\u30ec\u3092\u8b66\u544a\u3057\u3066\u304d\u305f\u4eba\u7269\u306e\u4e2d\u3067\u3001\u5229\u4e0a\u3052\u6e1b\u901f\u3092\u559c\u3070\u306a\u304b\u3063\u305f\u4eba\u7269\u304c\u3044\u308b\u3002\u7d4c\u6e08\u5b66\u8005\u306e\u30e9\u30ea\u30fc\u30fb\u30b5\u30de\u30fc\u30ba\u6c0f\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/30351\" data-type=\"post\" data-id=\"30351\">\u30b5\u30de\u30fc\u30ba\u6c0f: \u30cf\u30c8\u6d3e\u8ee2\u63db\u306b\u306f\u307e\u3060\u65e9\u3044<\/a><\/li><\/ul>\n\n\n\n<p>\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f\u306f\u30a4\u30f3\u30bf\u30d3\u30e5\u30fc\u3067\u30b5\u30de\u30fc\u30ba\u6c0f\u306e\u30bf\u30ab\u6d3e\u306a\u610f\u898b\u306b\u3064\u3044\u3066\u3069\u3046\u601d\u3046\u304b\u3068\u805e\u304b\u308c\u3001\u6b21\u306e\u3088\u3046\u306b\u7b54\u3048\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>5\u6708\u30016\u6708\u306b\u306f\u308f\u305f\u3057\u306f\u30b5\u30de\u30fc\u30ba\u6c0f\u306e\u8003\u3048\u3068\u540c\u3058\u3060\u3063\u305f\u3002\u3060\u304c\u5f7c\u306f1\u3064\u306e\u3053\u3068\u3092\u898b\u9003\u3057\u3066\u3044\u308b\u3068\u601d\u3046\u3002\u4f55\u6545\u306a\u3089\u3070\u3001\u5f7c\u306f\u91cf\u7684\u5f15\u304d\u7de0\u3081\u306b\u3064\u3044\u3066\u8a71\u3057\u3066\u3044\u306a\u3044\u3002<\/p><p>\u91cf\u7684\u5f15\u304d\u7de0\u3081\u3082\u7d4c\u6e08\u306b\u5f71\u97ff\u3092\u4e0e\u3048\u308b\u30022018\u5e7412\u6708\u3001Fed\u306f\u5229\u4e0a\u3052\u3068\u91cf\u7684\u5f15\u304d\u7de0\u3081\u306e\u4e21\u65b9\u3092\u81ea\u52d5\u64cd\u7e26\u3067\u884c\u306a\u3044\u3001\u3059\u3050\u306b\u64a4\u56de\u305b\u3056\u308b\u3092\u5f97\u306a\u304f\u306a\u3063\u305f\u3002\u30b5\u30de\u30fc\u30ba\u6c0f\u306f\u305d\u306e\u4e8b\u5b9f\u3092\u898b\u9003\u3057\u3066\u3044\u308b\u3002<\/p><\/blockquote>\n\n\n\n<p>\u73fe\u5728\u3001Fed\u306f2018\u5e74\u306e\u4e16\u754c\u540c\u6642\u682a\u5b89\u3092\u5f15\u304d\u8d77\u3053\u3057\u305f\u91cf\u7684\u5f15\u304d\u7de0\u3081\u3092\u5f53\u6642\u306e2\u500d\u306e\u898f\u6a21\u3067\u884c\u306a\u3063\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/27872\" data-type=\"post\" data-id=\"27872\">\u7c73\u56fd\u306e\u91cf\u7684\u5f15\u304d\u7de0\u3081\u3001\u4eca\u6708\u304b\u30892018\u5e74\u4e16\u754c\u540c\u6642\u682a\u5b89\u306e\u6642\u306e2\u500d\u306e\u898f\u6a21\u306b\u62e1\u5927 (2022\/9\/2)<\/a><\/li><\/ul>\n\n\n\n<p>\u52ff\u8ad6\u305d\u308c\u306f\u5f71\u97ff\u3092\u6301\u3064\u3002\u3060\u304c\u7b46\u8005\u306e\u610f\u898b\u306f\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f\u3068\u306f\u5c11\u3057\u9055\u3046\u3002\u7b46\u8005\u306e\u610f\u898b\u306f\u3001\u91cf\u7684\u5f15\u304d\u7de0\u3081\u306f\u682a\u5f0f\u5e02\u5834\u306b\u30c0\u30e1\u30fc\u30b8\u3092\u4e0e\u3048\u308b\u304c\u3001\u30a4\u30f3\u30d5\u30ec\u7387\u306b\u5bfe\u3057\u3066\u306f\u9650\u3089\u308c\u305f\u5f71\u97ff\u3057\u304b\u6301\u305f\u306a\u3044\u3068\u3044\u3046\u3082\u306e\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u4e8b\u5b9f\u30012018\u5e74\u306b\u91cf\u7684\u5f15\u304d\u7de0\u3081\u306f\u682a\u4fa1\u6025\u843d\u3092\u5f15\u304d\u8d77\u3053\u3057\u305f\u304c\u30a4\u30f3\u30d5\u30ec\u7387\u306b\u306f\u5f71\u97ff\u3092\u4e0e\u3048\u306a\u304b\u3063\u305f\u3002<\/p>\n\n\n\n<p>\u9006\u306b\u30ea\u30fc\u30de\u30f3\u30b7\u30e7\u30c3\u30af\u5f8c\u4f55\u5e74\u3082\u884c\u308f\u308c\u3066\u304d\u305f\u91cf\u7684\u7de9\u548c\u306f\u682a\u5f0f\u5e02\u5834\u3092\u30d0\u30d6\u30eb\u306b\u306f\u3057\u305f\u304c\u30a4\u30f3\u30d5\u30ec\u306b\u306f\u5f71\u97ff\u3092\u4e0e\u3048\u306a\u304b\u3063\u305f\u3002<\/p>\n\n\n\n<p>\u3060\u304b\u3089\u91cf\u7684\u5f15\u304d\u7de0\u3081\u304c\u30a4\u30f3\u30d5\u30ec\u7387\u3092\u4e0b\u3052\u3066\u304f\u308c\u308b\u3068\u3044\u3046\u306e\u306f\u3001\u7b46\u8005\u306e\u610f\u898b\u3067\u306f\u3084\u3084\u5e0c\u671b\u7684\u89b3\u6e2c\u3060\u308d\u3046\u3002<\/p>\n\n\n\n<p><strong>2023\u5e74\u306e\u30a4\u30f3\u30d5\u30ec\u7387\u52d5\u5411<\/strong><\/p>\n\n\n\n<p>\u307e\u305f\u3001\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f\u306f\u6765\u5e74\u306e\u30a4\u30f3\u30d5\u30ec\u7387\u306b\u3064\u3044\u3066\u3082\u4e88\u60f3\u3092\u3057\u3066\u3044\u308b\u3002\u5f7c\u306f\u6b21\u306e\u3088\u3046\u306b\u8ff0\u3079\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>Fed\u3092\u5229\u4e0a\u3052\u5f37\u786c\u6d3e\u306b\u62bc\u3057\u3084\u3063\u305f\u30a4\u30f3\u30d5\u30ec\u306e\u6025\u4e0a\u6607\u306f\u3001\u5143\u3005\u4eca\u5e74\u306e\u5e8f\u76e4\u306eCPI\u30c7\u30fc\u30bf\u304c\u304d\u3063\u304b\u3051\u3060\u3063\u305f\u3002\u305d\u306e\u305b\u3044\u3067\u7a4f\u3084\u304b\u306a\u5229\u4e0a\u3052\u4e88\u60f3\u3060\u3063\u305f\u3082\u306e\u304c\u6025\u6fc0\u306a\u5229\u4e0a\u3052\u4e88\u60f3\u306b\u5909\u308f\u3063\u305f\u3002<\/p><\/blockquote>\n\n\n\n<p>\u3082\u3046\u4e00\u5ea6\u30a2\u30e1\u30ea\u30ab\u306e\u30a4\u30f3\u30d5\u30ec\u7387\u306e\u30c1\u30e3\u30fc\u30c8\u3092\u63b2\u8f09\u3057\u3088\u3046\u3002\u30a2\u30e1\u30ea\u30ab\u306e\u30a4\u30f3\u30d5\u30ec\u7387\u306f\u4eca\u5e74\u306e\u521d\u3081\u306b8%\u53f0\u306b\u9054\u3057\u3066\u304b\u3089\u3001\u305d\u306e\u5f8c\u6a2a\u3070\u3044\u3092\u7d9a\u3051\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2022\/10\/2022-sep-us-cpi-growth.png\"><img loading=\"lazy\" decoding=\"async\" width=\"483\" height=\"466\" src=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2022\/10\/2022-sep-us-cpi-growth.png\" alt=\"\" class=\"wp-image-29704\" srcset=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2022\/10\/2022-sep-us-cpi-growth.png 483w, https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2022\/10\/2022-sep-us-cpi-growth-300x289.png 300w\" sizes=\"auto, (max-width: 483px) 100vw, 483px\" \/><\/a><\/figure>\n\n\n\n<p>\u3057\u304b\u3057\u305d\u308c\u306f\u3064\u307e\u308a\u3001\u30a4\u30f3\u30d5\u30ec\u7387\u3092\u524d\u5e74\u540c\u6708\u6bd4\u3067\uff08\u4f4e\u304b\u3063\u305f\u53bb\u5e74\u306e\u6570\u5b57\u3068\uff09\u6bd4\u3079\u3066\u3044\u308b\u9650\u308a\u4e0a\u6607\u7387\u306f\u5927\u304d\u304f\u306a\u308b\u304c\u3001\u6765\u5e74\u306b\u306f\u9ad8\u3044\u4eca\u5e74\u306e\u6570\u5b57\u3068\u6bd4\u3079\u308b\u3088\u3046\u306b\u306a\u308b\u305f\u3081\u3001\u524d\u5e74\u540c\u6708\u6bd4\u306e\u6570\u5b57\u3082\u843d\u3061\u7740\u3044\u3066\u304f\u308b\u3068\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f\u306f\u4e3b\u5f35\u3057\u3066\u3044\u308b\u3002\u5f7c\u306f\u6b21\u306e\u3088\u3046\u306b\u8a00\u3063\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>\u3057\u304b\u3057\u3001\u305d\u308c\u306f\u540c\u6642\u306b\u3053\u3046\u3057\u305f\u6570\u5b57\u304c\u305d\u308d\u305d\u308d\u5265\u304c\u308c\u843d\u3061\u3066\u304f\u308b\u3053\u3068\u3092\u610f\u5473\u3059\u308b\u3002<\/p><\/blockquote>\n\n\n\n<p>\u66f4\u306b\u306f\u539f\u6cb9\u4fa1\u683c\u306a\u3069\u91d1\u878d\u5e02\u5834\u3067\u53d6\u5f15\u3055\u308c\u3066\u3044\u308b\u30b3\u30e2\u30c7\u30a3\u30c6\u30a3\u306e\u4fa1\u683c\u3084\u3001\u6700\u8fd1\u3067\u306f\u4f4f\u5b85\u5e02\u5834\u3082\u30d4\u30fc\u30af\u8d85\u3048\u306e\u6c17\u914d\u3092\u898b\u305b\u59cb\u3081\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/30245\" data-type=\"post\" data-id=\"30245\">\u30a2\u30e1\u30ea\u30ab\u306e8\u6708\u306e\u4f4f\u5b85\u4fa1\u683c\u304c\u660e\u3089\u304b\u306b\u6e1b\u901f\u3001\u30a4\u30f3\u30d5\u30ec\u920d\u5316\u306e\u5146\u3057<\/a><\/li><\/ul>\n\n\n\n<p>\u3060\u304b\u3089\u30a4\u30f3\u30d5\u30ec\u7387\u304c8%\u53f0\u304b\u3089\u5f90\u3005\u306b\u4e0b\u304c\u3063\u3066\u304f\u308b\u3068\u3044\u3046\u306e\u306f\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f\u3067\u306a\u304f\u3068\u3082\u4e88\u60f3\u3059\u308b\u3068\u3053\u308d\u3060\u308d\u3046\u3002\u554f\u984c\u306f\u3001\u4f55\u51e6\u307e\u3067\u4e0b\u304c\u3063\u3066\u304f\u308b\u304b\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f\u306f\u305d\u306e\u70b9\u306b\u3064\u3044\u3066\u6b21\u306e\u3088\u3046\u306b\u4e88\u60f3\u3057\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>\u30a4\u30f3\u30d5\u30ec\u7387\u306f\u6765\u5e74\u4e0b\u843d\u3057\u3066\u304f\u308b\u3002\u4eca\u5e74\u306e\u7d42\u308f\u308a\u306b\u306f7%\u8fd1\u8fba\u306b\u306a\u3063\u3066\u3044\u308b\u3060\u308d\u3046\u3057\u3001\u30b3\u30e2\u30c7\u30a3\u30c6\u30a3\u5e02\u5834\u6b21\u7b2c\u3067\u306f\u5909\u308f\u308b\u304b\u3082\u3057\u308c\u306a\u3044\u304c\u30015\u6708\u306b\u306f\u6050\u3089\u304f4.5%\u4ee5\u4e0b\u307e\u3067\u4e0b\u843d\u3057\u3066\u3044\u308b\u306e\u304c\u30e1\u30a4\u30f3\u30b7\u30ca\u30ea\u30aa\u3060\u308d\u3046\u3002<\/p><\/blockquote>\n\n\n\n<p>\u306a\u304b\u306a\u304b\u5927\u5e45\u306a\u30a4\u30f3\u30d5\u30ec\u7387\u306e\u4e0b\u843d\u3067\u306f\u306a\u3044\u304b\u3002\u91d1\u5229\u5148\u7269\u5e02\u5834\u306e\u7e54\u308a\u8fbc\u307f\u306b\u3088\u308c\u3070\u653f\u7b56\u91d1\u5229\u306f5%\u4ee5\u4e0a\u307e\u3067\u4e0a\u304c\u308b\u305d\u3046\u3060\u304b\u3089\u3001\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f\u304c\u305d\u308c\u3092\u3084\u308a\u904e\u304e\u3068\u898b\u308b\u306e\u306f\u3001\u30a4\u30f3\u30d5\u30ec\u7387\u306e\u3053\u3046\u3057\u305f\u4e88\u60f3\u5024\u304c\u80cc\u666f\u306b\u3042\u308b\u306e\u3060\u308d\u3046\u3002<\/p>\n\n\n\n<p><strong>\u7d50\u8ad6<\/strong><\/p>\n\n\n\n<p>\u5b9f\u969b\u306b\u306f\u30a4\u30f3\u30d5\u30ec\u7387\u306f\u4f55\u51e6\u307e\u3067\u4e0b\u304c\u308b\u3060\u308d\u3046\u304b\u3002\u305d\u308d\u305d\u308d10\u6708\u5206\u306e\u30a4\u30f3\u30d5\u30ec\u7387\u306e\u30c7\u30fc\u30bf\u3082\u767a\u8868\u3055\u308c\u308b\u3002<\/p>\n\n\n\n<p>\u3060\u304c\u682a\u5f0f\u6295\u8cc7\u5bb6\u306b\u3068\u3063\u3066\u72b6\u6cc1\u306f\u305d\u308c\u307b\u3069\u96e3\u3057\u304f\u306a\u3044\u3002\u30a4\u30f3\u30d5\u30ec\u7387\u304c4%\u53f0\u307e\u3067\u4e0b\u304c\u308b\u3053\u3068\u306f\u3042\u3063\u3066\u3082\u30013%\u3084\u307e\u3057\u3066\u306f2%\u307e\u3067\u4e0b\u304c\u308b\u3053\u3068\u306f\u306a\u3044\u3060\u308d\u3046\u3002\u305d\u306e\u70b9\u306b\u3064\u3044\u3066\u306f\u30b5\u30de\u30fc\u30ba\u6c0f\u306e\u5206\u6790\u306f\u53c2\u8003\u306b\u306a\u308b\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/30367\" data-type=\"post\" data-id=\"30367\">\u30b5\u30de\u30fc\u30ba\u6c0f: \u4f4f\u5b85\u4fa1\u683c\u304c\u4e0b\u843d\u3057\u3066\u3082CPI\u306e\u4e0a\u6607\u306f\u7d9a\u304f<\/a><\/li><\/ul>\n\n\n\n<p>\u3060\u304b\u3089\u6765\u5e74\u306e\u91d1\u5229\u306f4%\u304c\u6050\u3089\u304f\u5e95\u3067\u3042\u308b\u3002\u305d\u3057\u3066\u30a2\u30e1\u30ea\u30ab\u306e\u91d1\u878d\u5e02\u5834\u304c\u305d\u308c\u307b\u3069\u306e\u9ad8\u91d1\u5229\u3092\u7d99\u7d9a\u7684\u306b\u7d4c\u9a13\u3057\u305f\u3053\u3068\u306f\u3082\u3046\u9577\u3089\u304f\u7121\u3044\u306e\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u305d\u306e\u5f71\u97ff\u306f\u4e00\u90e8\u30cf\u30a4\u30c6\u30af\u682a\u306a\u3069\u306e\u6c7a\u7b97\u306b\u51fa\u59cb\u3081\u3066\u3044\u308b\u3002\u4eca\u5f8c\u306e\u5c55\u958b\u3092\u697d\u3057\u307f\u306b\u5f85\u3061\u305f\u3044\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/27199\" data-type=\"post\" data-id=\"27199\">\u7c73\u56fd\u682a\u306e\u4eca\u5f8c\u306e\u898b\u901a\u3057: \u4f01\u696d\u5229\u76ca\u6fc0\u6e1b\u3067\u682a\u4fa1\u306f\u518d\u3073\u66b4\u843d\u3078\u3001\u7a7a\u58f2\u308a\u518d\u958b<\/a><\/li><\/ul>\n","protected":false},"excerpt":{"rendered":"<p>DoubleLine 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