{"id":31913,"date":"2022-12-17T20:02:00","date_gmt":"2022-12-17T11:02:00","guid":{"rendered":"https:\/\/www.globalmacroresearch.org\/jp\/?p=31913"},"modified":"2022-12-17T18:49:38","modified_gmt":"2022-12-17T09:49:38","slug":"%e3%82%a2%e3%83%a1%e3%83%aa%e3%82%ab%e3%81%af2%e5%b9%b4%e4%bb%a5%e5%86%85%e3%81%ab%e5%88%a9%e4%b8%8b%e3%81%92%e3%81%99%e3%82%8b%e3%80%812%e5%b9%b4%e7%89%a9%e5%9b%bd%e5%82%b5%e3%81%ae%e8%b2%b7%e3%81%84","status":"publish","type":"post","link":"https:\/\/www.globalmacroresearch.org\/jp\/archives\/31913","title":{"rendered":"\u30a2\u30e1\u30ea\u30ab\u306f2\u5e74\u4ee5\u5185\u306b\u5229\u4e0b\u3052\u3059\u308b\u30012\u5e74\u7269\u56fd\u50b5\u306e\u8cb7\u3044\u958b\u59cb"},"content":{"rendered":"\n<p>\u30a2\u30e1\u30ea\u30ab\u306e\u30a4\u30f3\u30d5\u30ec\u7387\u306e\u6025\u4f4e\u4e0b\u3092\u8e0f\u307e\u3048\u3066\u65b0\u305f\u306a\u30dd\u30b8\u30b7\u30e7\u30f3\u3092\u958b\u59cb\u3059\u308b\u30022\u5e74\u7269\u7c73\u56fd\u50b5\u306e\u8cb7\u3044\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<!--more-->\n\n\n\n<p><strong>\u30a4\u30f3\u30d5\u30ec\u6025\u6e1b\u901f<\/strong><\/p>\n\n\n\n<p>\u767a\u7aef\u306f\u30a2\u30e1\u30ea\u30ab\u306eCPI\uff08\u6d88\u8cbb\u8005\u7269\u4fa1\u6307\u6570\uff09\u7d71\u8a08\u3067\u3042\u308b\u300211\u6708\u306e\u30a2\u30e1\u30ea\u30ab\u306e\u30a4\u30f3\u30d5\u30ec\u7387\u306f7.1%\u3068\u306a\u308a\u30012\u30f6\u6708\u9023\u7d9a\u3067\u6025\u6e1b\u901f\u3057\u305f\u3002\u30d4\u30fc\u30af\u6642\u304b\u3089\u3082\u30462%\u4e0b\u843d\u3057\u3066\u3044\u308b\u3053\u3068\u306b\u306a\u308b\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/31823\" data-type=\"post\" data-id=\"31823\">11\u6708\u30a2\u30e1\u30ea\u30ab\u306e\u30a4\u30f3\u30d5\u30ec\u7387\u306f\u6025\u6e1b\u901f\u7d99\u7d9a\u30677.1%\u3001\u30c9\u30eb\u5b89\u52a0\u901f\u3078<\/a><\/li>\n<\/ul>\n\n\n\n<figure class=\"wp-block-image size-full\"><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2022\/12\/2022-nov-us-cpi-growth.png\"><img loading=\"lazy\" decoding=\"async\" width=\"448\" height=\"466\" src=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2022\/12\/2022-nov-us-cpi-growth.png\" alt=\"\" class=\"wp-image-31826\" srcset=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2022\/12\/2022-nov-us-cpi-growth.png 448w, https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2022\/12\/2022-nov-us-cpi-growth-288x300.png 288w\" sizes=\"auto, (max-width: 448px) 100vw, 448px\" \/><\/a><\/figure>\n\n\n\n<p>\u5229\u4e0a\u3052\u3068\u91cf\u7684\u5f15\u304d\u7de0\u3081\u3068\u3044\u3046\u4e8c\u91cd\u306e\u91d1\u878d\u5f15\u304d\u7de0\u3081\u653f\u7b56\u306f\u3084\u306f\u308a\u5f37\u529b\u3067\u3001\u6025\u4e0a\u6607\u3057\u3066\u3044\u305f\u30a4\u30f3\u30d5\u30ec\u7387\u3092\u4e0b\u843d\u306b\u8ee2\u63db\u3055\u305b\u308b\u307b\u3069\u306e\u4e0b\u65b9\u5727\u529b\u306f\u3001\u30a4\u30f3\u30d5\u30ec\u7387\u3092\u305d\u306e\u307e\u307e\u6025\u964d\u4e0b\u3055\u305b\u3066\u3044\u304f\u3088\u3046\u3060\u3002<\/p>\n\n\n\n<p>\u305d\u308c\u304c\u5b9f\u969b\u306b1970\u5e74\u4ee3\u306e\u7269\u4fa1\u9ad8\u9a30\u6642\u4ee3\u306b\u8d77\u304d\u305f\u3053\u3068\u3067\u3042\u308b\u3002\u5f53\u6642\u306e\u30a4\u30f3\u30d5\u30ec\u7387\u306e\u63a8\u79fb\u3082\u63b2\u8f09\u3057\u3088\u3046\u3002<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2022\/01\/1970s-us-cpi-growth-chart.png\"><img loading=\"lazy\" decoding=\"async\" width=\"489\" height=\"468\" src=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2022\/01\/1970s-us-cpi-growth-chart.png\" alt=\"\" class=\"wp-image-18864\" srcset=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2022\/01\/1970s-us-cpi-growth-chart.png 489w, https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2022\/01\/1970s-us-cpi-growth-chart-300x287.png 300w\" sizes=\"auto, (max-width: 489px) 100vw, 489px\" \/><\/a><\/figure>\n\n\n\n<p>\u7d50\u5c40\u3001\u91d1\u878d\u5f15\u304d\u7de0\u3081\u304c\u3069\u308c\u3060\u3051\u52b9\u304f\u304b\u3068\u3044\u3046\u3053\u3068\u306f\u3001\u5b9f\u969b\u306b\u30a4\u30f3\u30d5\u30ec\u7387\u306b\u3069\u3046\u5f71\u97ff\u304c\u51fa\u308b\u304b\u3068\u3044\u3046\u3053\u3068\u304c\u3059\u3079\u3066\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u305d\u3057\u3066\u91d1\u878d\u5f15\u304d\u7de0\u3081\u306f\u52b9\u3044\u3066\u3044\u308b\u3002\u3060\u304b\u3089\u5f15\u304d\u7de0\u3081\u306e\u5f37\u3055\u304c\u5909\u308f\u3089\u306a\u3051\u308c\u3070\u3001\u30a4\u30f3\u30d5\u30ec\u7387\u306f\u3053\u306e\u307e\u307e2%\u3067\u6b62\u307e\u3089\u305a\u306b\u30de\u30a4\u30ca\u30b9\u307e\u3067\u884c\u3063\u3066\u3057\u307e\u3046\u3060\u308d\u3046\u3002<\/p>\n\n\n\n<p><strong>\u5229\u4e0a\u3052\u306f\u7d9a\u3051\u3089\u308c\u308b\u306e\u304b<\/strong><\/p>\n\n\n\n<p>\u73fe\u5728\u306e\u30a4\u30f3\u30d5\u30ec\u7387\u306f7.1%\u3060\u304b\u3089\u30012%\u307e\u3067\u843d\u3061\u308b\u3068\u3057\u3066\u3082\u307e\u3060\u307e\u3060\u5148\u306e\u8a71\u3067\u3042\u308b\u3002\u3060\u304cFed\uff08\u9023\u90a6\u6e96\u5099\u5236\u5ea6\uff09\u304c\u73fe\u5728\u306e\u5f37\u786c\u59ff\u52e2\u3092\u6b62\u3081\u306a\u3044\u9650\u308a\u3001\u30a4\u30f3\u30d5\u30ec\u7387\u306e\u4e0b\u843d\u306f\u6b62\u307e\u3089\u306a\u3044\u3060\u308d\u3046\u3002<\/p>\n\n\n\n<p>Fed\u306f\u73fe\u5728\u3001\u6700\u65b0\u306eFOMC\u4f1a\u5408\u3067\u653f\u7b56\u91d1\u5229\u30925%\u4ee5\u4e0a\u306b\u5f15\u304d\u4e0a\u3052\u308b\u59ff\u52e2\u3092\u8868\u660e\u3057\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/31862\" data-type=\"post\" data-id=\"31862\">12\u6708FOMC\u4f1a\u5408\u7d50\u679c: \u307e\u3059\u307e\u3059\u66d6\u6627\u306b\u306a\u308b\u30d1\u30a6\u30a8\u30eb\u8b70\u9577\u3001\u91d1\u5229\u306f\u30a4\u30f3\u30d5\u30ec\u6b21\u7b2c\u3078<\/a><\/li>\n<\/ul>\n\n\n\n<p>\u305d\u3057\u3066\u653f\u7b56\u91d1\u5229\u3092\u9577\u3044\u9593\u305d\u306e\u6c34\u6e96\u306b\u7dad\u6301\u3059\u308b\u3068\u3044\u3046\u306e\u304c\u30d1\u30a6\u30a8\u30eb\u8b70\u9577\u306e\u30d7\u30e9\u30f3\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u3060\u304c\u3053\u306e\u307e\u307e\u30a4\u30f3\u30d5\u30ec\u7387\u304c\u6025\u6e1b\u901f\u3092\u7d9a\u3051\u305f\u5834\u5408\u3001\u305d\u308c\u306f\u5b9f\u884c\u53ef\u80fd\u3060\u308d\u3046\u304b\uff1f<\/p>\n\n\n\n<p>\u30a4\u30f3\u30d5\u30ec\u7387\u306e\u4eca\u5f8c\u306e\u63a8\u79fb\u306b\u306f2\u3064\u306e\u30b7\u30ca\u30ea\u30aa\u304c\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u5148\u305a1\u3064\u76ee\u306f\u3001\u30a4\u30f3\u30d5\u30ec\u7387\u304c\u6025\u6e1b\u901f\u3057\u3001\u305d\u306e\u5834\u5408\u306f\u5f53\u7136\u666f\u6c17\u3082\u6025\u901f\u306b\u843d\u3061\u8fbc\u3080\u305f\u3081\u3001Fed\u304c\u7de9\u548c\u306b\u65b9\u5411\u8ee2\u63db\u3057\u3066\u30a4\u30f3\u30d5\u30ec\u7b2c2\u6ce2\u306b\u7a81\u5165\u3059\u308b\u30b7\u30ca\u30ea\u30aa\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/29942\" data-type=\"post\" data-id=\"29942\">\u30b8\u30e0\u30fb\u30ed\u30b8\u30e3\u30fc\u30ba\u6c0f: \u666f\u6c17\u5f8c\u9000\u3067\u7d19\u5e63\u5370\u5237\u518d\u958b\u3001\u30a4\u30f3\u30d5\u30ec\u7b2c2\u6ce2\u3078<\/a><\/li>\n<\/ul>\n\n\n\n<p>\u3082\u30461\u3064\u306fFed\u304c\u5ba3\u8a00\u901a\u308a\u9ad8\u91d1\u5229\u3092\u7dad\u6301\u3057\u3066\u30a4\u30f3\u30d5\u30ec\u7b2c2\u6ce2\u304c\u8d77\u3053\u3089\u306a\u3044\u5834\u5408\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u524d\u8005\u306f1970\u5e74\u4ee3\u306b\u304a\u3051\u308b\u30a4\u30f3\u30d5\u30ec\u7b2c2\u6ce2\u306e\u30b1\u30fc\u30b9\u3001\u5f8c\u8005\u306f\u305d\u306e\u5f8c\u30a4\u30f3\u30d5\u30ec\u304c\u8d77\u3053\u3089\u306a\u304b\u3063\u305f\u7b2c3\u6ce2\u306e\u30b1\u30fc\u30b9\u306b\u76f8\u5f53\u3059\u308b\u3002\u3060\u304c\u7b46\u8005\u306e\u898b\u89e3\u3067\u306f\u3001\u3069\u3061\u3089\u306b\u3057\u3066\u3082\u5229\u4e0b\u3052\u304c\u5fc5\u8981\u306b\u306a\u308b\u3002<\/p>\n\n\n\n<p><strong>1970\u5e74\u4ee3\u306e\u30a4\u30f3\u30d5\u30ec\u7b2c2\u6ce2\u3068\u7b2c3\u6ce2\u306e\u9055\u3044<\/strong><\/p>\n\n\n\n<p>1970\u5e74\u4ee3\u306e\u30a4\u30f3\u30d5\u30ec\u7387\u306e\u30c1\u30e3\u30fc\u30c8\u306b\u653f\u7b56\u91d1\u5229\u3092\u88ab\u305b\u305f\u3082\u306e\u3092\u63b2\u8f09\u3057\u3088\u3046\u3002<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2022\/12\/1970s-us-cpi-growth-and-federal-funds-rate-chart.png\"><img loading=\"lazy\" decoding=\"async\" width=\"468\" height=\"466\" src=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2022\/12\/1970s-us-cpi-growth-and-federal-funds-rate-chart.png\" alt=\"\" class=\"wp-image-31922\" srcset=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2022\/12\/1970s-us-cpi-growth-and-federal-funds-rate-chart.png 468w, https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2022\/12\/1970s-us-cpi-growth-and-federal-funds-rate-chart-300x300.png 300w, https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2022\/12\/1970s-us-cpi-growth-and-federal-funds-rate-chart-150x150.png 150w, https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2022\/12\/1970s-us-cpi-growth-and-federal-funds-rate-chart-120x120.png 120w\" sizes=\"auto, (max-width: 468px) 100vw, 468px\" \/><\/a><\/figure>\n\n\n\n<p>\u7b2c2\u6ce2\u306b\u304a\u3044\u3066\u306f\u653f\u7b56\u91d1\u5229\u306f\u6025\u901f\u306b\u4e0b\u3052\u3089\u308c\u30011975\u5e74\u4ee5\u964d\u306e\u4f4e\u91d1\u5229\u306b\u3088\u3063\u3066\u30a4\u30f3\u30d5\u30ec\u304c\u518d\u767a\u3057\u3066\u3044\u308b\u69d8\u5b50\u304c\u5206\u304b\u308b\u3002<\/p>\n\n\n\n<p>\u4e00\u65b9\u3067\u7b2c3\u6ce2\u306f\u5f53\u6642\u306e\u30dd\u30fc\u30eb\u30fb\u30dc\u30eb\u30ab\u30fc\u8b70\u9577\u304c\u30a4\u30f3\u30d5\u30ec\u9000\u6cbb\u3092\u3084\u308a\u5207\u308a\u3001\u30a4\u30f3\u30d5\u30ec\u306f\u518d\u767a\u3057\u306a\u304b\u3063\u305f\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/27377\" data-type=\"post\" data-id=\"27377\">\u30dd\u30fc\u30eb\u30fb\u30dc\u30eb\u30ab\u30fc\u6c0f\u30011980\u5e74\u306e\u30a4\u30f3\u30d5\u30ec\u6253\u5012\u304c\u3069\u308c\u3060\u3051\u53b3\u3057\u304b\u3063\u305f\u304b\u3092\u8a9e\u308b<\/a><\/li>\n<\/ul>\n\n\n\n<p>\u7b2c2\u6ce2\u3068\u7b2c3\u6ce2\u306e\u9055\u3044\u304c\u4f55\u304b\u3068\u8a00\u3048\u3070\u3001\u653f\u7b56\u91d1\u5229\u304b\u3089\u30a4\u30f3\u30d5\u30ec\u7387\u3092\u5dee\u3057\u5f15\u3044\u305f\u5b9f\u8cea\u91d1\u5229\u3067\u3042\u308b\u3002\u7b2c3\u6ce2\u3067\u306f\u30a4\u30f3\u30d5\u30ec\u304c\u6e1b\u901f\u3057\u305f\u5f8c\u3082\u653f\u7b56\u91d1\u5229\u306f\u30a4\u30f3\u30d5\u30ec\u7387\u3088\u308a\u3082\u9ad8\u3044\u6c34\u6e96\u3067\u7dad\u6301\u3055\u308c\u3066\u3044\u308b\uff08\u3064\u307e\u308a\u5b9f\u8cea\u91d1\u5229\u304c\u30d7\u30e9\u30b9\u306e\u72b6\u614b\u3067\u7dad\u6301\u3055\u308c\u3066\u3044\u308b\uff09\u3053\u3068\u304c\u5206\u304b\u308b\u3002<\/p>\n\n\n\n<p>\u3060\u304c\u305d\u306e\u5834\u5408\u306b\u304a\u3044\u3066\u3082\u653f\u7b56\u91d1\u5229\u306f\u30a4\u30f3\u30d5\u30ec\u7387\u306b\u5bc4\u308a\u6dfb\u3044\u306a\u304c\u3089\u4e0b\u843d\u3057\u3066\u3044\u308b\u3002\u3064\u307e\u308a\u3001\u7dad\u6301\u3055\u308c\u305f\u306e\u306f\u5b9f\u8cea\u91d1\u5229\u3067\u3042\u3063\u3066\u3001\u540d\u76ee\u91d1\u5229\u3067\u306f\u306a\u3044\u3002<\/p>\n\n\n\n<p>\u4e00\u65b9\u3067\u73fe\u5728\u30d1\u30a6\u30a8\u30eb\u8b70\u9577\u304c\u4e3b\u5f35\u3057\u3066\u3044\u308b\u306e\u306f\u3001\u653f\u7b56\u91d1\u5229\u30925%\u4ee5\u4e0a\u306b\u4e0a\u3052\u3066\u305d\u308c\u3092\u305d\u306e\u307e\u307e5%\u53f0\u3067\u6a2a\u3070\u3044\u306b\u3055\u305b\u308b\u3068\u3044\u3046\u3053\u3068\u3067\u3042\u308b\u3002\u3060\u304c\u305d\u308c\u306f\u8d77\u3053\u3089\u306a\u3044\u3002<\/p>\n\n\n\n<p><strong>\u30a4\u30f3\u30d5\u30ec\u9000\u6cbb\u3092\u5b8c\u4e86\u3059\u308b\u5834\u5408\u3067\u3082\u5229\u4e0b\u3052\u306f\u8d77\u3053\u308b<\/strong><\/p>\n\n\n\n<p>Fed\u304c\u5b9f\u969b\u306b\u30a4\u30f3\u30d5\u30ec\u9000\u6cbb\u3092\u3084\u308a\u5207\u308b\u306e\u304b\u3069\u3046\u304b\u306f\u5206\u304b\u3089\u306a\u3044\u3002\u5229\u4e0a\u3052\u306e\u672c\u5f53\u306e\u96e3\u3057\u3055\u306f\u3001\u30a4\u30f3\u30d5\u30ec\u6e1b\u901f\u5f8c\u306b\u767a\u751f\u3059\u308b\u5927\u91cf\u5931\u696d\u306b\u304a\u3044\u3066\u3001\u8077\u3092\u5931\u3063\u305f\u6709\u6a29\u8005\u304c\u5f15\u304d\u7de0\u3081\u306b\u53cd\u5bfe\u3057\u3066\u3082\u9ad8\u91d1\u5229\u3092\u7d9a\u3051\u3089\u308c\u308b\u304b\u3069\u3046\u304b\u306b\u3042\u308b\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/31421\" data-type=\"post\" data-id=\"31421\">\u30cf\u30a4\u30a8\u30af: \u30a4\u30f3\u30d5\u30ec\u6e1b\u901f\u5f8c\u306e\u5931\u696d\u5897\u52a0\u306f\u907f\u3051\u3089\u308c\u306a\u3044<\/a><\/li>\n<\/ul>\n\n\n\n<p>\u3060\u304b\u3089\u30b9\u30bf\u30f3\u30ec\u30fc\u30fb\u30c9\u30e9\u30c3\u30b1\u30f3\u30df\u30e9\u30fc\u6c0f\u306e\u3088\u3046\u306a\u8ad6\u8005\u306f\u30d1\u30a6\u30a8\u30eb\u8b70\u9577\u306e\u30a4\u30f3\u30d5\u30ec\u9000\u6cbb\u3078\u306e\u6c7a\u610f\u3092\u5272\u308a\u5f15\u3044\u3066\u898b\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/30291\" data-type=\"post\" data-id=\"30291\">\u30c9\u30e9\u30c3\u30b1\u30f3\u30df\u30e9\u30fc\u6c0f: \u7d4c\u6e08\u304c\u5f37\u3044\u6642\u306b\u5f15\u304d\u7de0\u3081\u3092\u7d9a\u3051\u308b\u306e\u306f\u7c21\u5358\u3060\u304c<\/a><\/li>\n<\/ul>\n\n\n\n<p>\u3060\u304c\u4eca\u56de\u306e\u8a18\u4e8b\u306b\u304a\u3051\u308b\u8ad6\u70b9\u306f\u3001\u3069\u3061\u3089\u306e\u5834\u5408\u306b\u3057\u3066\u3082\u30a4\u30f3\u30d5\u30ec\u306e\u30d4\u30fc\u30af\u3068\u653f\u7b56\u91d1\u5229\u306e\u30d4\u30fc\u30af\u306f\u6642\u671f\u7684\u306b\u305d\u308c\u307b\u3069\u5909\u308f\u3089\u306a\u3044\u3068\u3044\u3046\u3053\u3068\u3060\u3002\u3082\u3046\u4e00\u5ea6\u30011970\u5e74\u4ee3\u306e\u30c1\u30e3\u30fc\u30c8\u3092\u63b2\u8f09\u3057\u3088\u3046\u3002<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2022\/12\/1970s-us-cpi-growth-and-federal-funds-rate-chart.png\"><img loading=\"lazy\" decoding=\"async\" width=\"468\" height=\"466\" src=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2022\/12\/1970s-us-cpi-growth-and-federal-funds-rate-chart.png\" alt=\"\" class=\"wp-image-31922\" srcset=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2022\/12\/1970s-us-cpi-growth-and-federal-funds-rate-chart.png 468w, https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2022\/12\/1970s-us-cpi-growth-and-federal-funds-rate-chart-300x300.png 300w, https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2022\/12\/1970s-us-cpi-growth-and-federal-funds-rate-chart-150x150.png 150w, https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2022\/12\/1970s-us-cpi-growth-and-federal-funds-rate-chart-120x120.png 120w\" sizes=\"auto, (max-width: 468px) 100vw, 468px\" \/><\/a><\/figure>\n\n\n\n<p><strong>\u7d50\u8ad6<\/strong><\/p>\n\n\n\n<p>\u73fe\u5728\u30012\u5e74\u7269\u7c73\u56fd\u50b5\u306e\u91d1\u5229\u306f4%\u3092\u4e0a\u56de\u3063\u3066\u63a8\u79fb\u3057\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\/12\/2022-12-17-us-2-year-treasury-bond-yield-chart.png\"><img loading=\"lazy\" decoding=\"async\" width=\"618\" height=\"406\" src=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2022\/12\/2022-12-17-us-2-year-treasury-bond-yield-chart.png\" alt=\"\" class=\"wp-image-31925\" srcset=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2022\/12\/2022-12-17-us-2-year-treasury-bond-yield-chart.png 618w, https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2022\/12\/2022-12-17-us-2-year-treasury-bond-yield-chart-300x197.png 300w\" sizes=\"auto, (max-width: 618px) 100vw, 618px\" \/><\/a><\/figure>\n\n\n\n<p>2\u5e74\u7269\u56fd\u50b5\u306f\u305d\u306e\u540d\u306e\u901a\u308a\u4eca\u5f8c2\u5e74\u306e\u653f\u7b56\u91d1\u5229\u306e\u52d5\u5411\u3092\u7e54\u308a\u8fbc\u3093\u3067\u63a8\u79fb\u3059\u308b\u3002\u73fe\u5728\u306e\u653f\u7b56\u91d1\u5229\u306f\u4eca\u306e2\u5e74\u7269\u56fd\u50b5\u306e\u91d1\u5229\u3068\u307b\u307c\u540c\u3058\u306a\u306e\u3067\u30012\u5e74\u7269\u56fd\u50b5\u306f\u4eca\u5f8c2\u5e74\u9593\u3001\u653f\u7b56\u91d1\u5229\u304c\u5e73\u5747\u3057\u3066\u3053\u306e\u6c34\u6e96\u306b\u7559\u307e\u308b\u3068\u3044\u3046\u3053\u3068\u3092\u7e54\u308a\u8fbc\u3093\u3067\u3044\u308b\u3002<\/p>\n\n\n\n<p>\u3060\u304c\u4e0a\u8a18\u306e\u8b70\u8ad6\u304b\u3089\u660e\u3089\u304b\u306a\u3088\u3046\u306b\u305d\u308c\u306f\u6709\u308a\u5f97\u306a\u3044\u3002\u91d1\u5229\u304c\u6bd4\u8f03\u7684\u9ad8\u3044\u6c34\u6e96\u306b\u7559\u307e\u308b\u30b7\u30ca\u30ea\u30aa\u306b\u304a\u3044\u3066\u3082\u3001\u653f\u7b56\u91d1\u5229\u306f\u6a2a\u3070\u3044\u306b\u306f\u306a\u3089\u306a\u3044\u30022\u5e74\u3082\u653f\u7b56\u91d1\u5229\u304c\u3053\u306e\u6c34\u6e96\u3067\u6a2a\u3070\u3044\u306b\u306a\u308c\u3070\u30a4\u30f3\u30d5\u30ec\u7387\u306f\u78ba\u5b9f\u306b\u30de\u30a4\u30ca\u30b9\u307e\u3067\u884c\u3063\u3066\u3057\u307e\u3046\u3002<\/p>\n\n\n\n<p>Fed\u306f\u3053\u3053\u304b\u3089\u66f4\u306b\u5229\u4e0a\u3052\u3059\u308b\u3053\u3068\u3092\u8868\u660e\u3057\u3066\u3044\u308b\u306e\u3067\u3001\u4eca\u5f8c1\u5e74\u9593\u3067\u653f\u7b56\u91d1\u5229\u304c\u5e73\u5747\u3057\u30664.1%\u7a0b\u5ea6\u306b\u7559\u307e\u308b\u3053\u3068\u306f\u3042\u308b\u304b\u3082\u3057\u308c\u306a\u3044\u304c\u3001\u30a4\u30f3\u30d5\u30ec\u7387\u3092\u65e2\u306b\u6025\u964d\u4e0b\u3055\u305b\u3066\u3044\u308b\u73fe\u5728\u306e\u91d1\u5229\u6c34\u6e96\u306b2\u5e74\u3082\u7559\u307e\u308a\u7d9a\u3051\u308b\u3053\u3068\u306f\u6709\u308a\u5f97\u306a\u3044\u3002<\/p>\n\n\n\n<p>\u3068\u3044\u3046\u3053\u3068\u3067\u3001\u30b4\u30fc\u30eb\u30c9\u306e\u8cb7\u3044\u306b\u7d9a\u3044\u30662\u5e74\u7269\u56fd\u50b5\u306e\u91d1\u5229\u4f4e\u4e0b\u306b\u8ced\u3051\u308b\u53d6\u5f15\u3001\u3064\u307e\u308a\u306f2\u5e74\u7269\u56fd\u50b5\u306e\u8cb7\u3044\u306e\u30dd\u30b8\u30b7\u30e7\u30f3\u3092\u884c\u3046\u3053\u3068\u306b\u3057\u305f\u3002\u91d1\u5229\u4f4e\u4e0b\u306f\u50b5\u5238\u4fa1\u683c\u4e0a\u6607\u3092\u610f\u5473\u3059\u308b\u3002<\/p>\n\n\n\n<p>\u30a4\u30f3\u30d5\u30ec\u7387\u6025\u843d\u3092\u53d7\u3051\u3066\u614c\u305f\u3060\u3057\u304f\u30dd\u30fc\u30c8\u30d5\u30a9\u30ea\u30aa\u3092\u8abf\u6574\u3057\u3066\u3044\u308b\u304c\u3001\u30b4\u30fc\u30eb\u30c9\u30682\u5e74\u7269\u56fd\u50b5\u306e\u8cb7\u3044\u306e\u7d44\u307f\u5408\u308f\u305b\u3092\u5f53\u9762\u306e\u30e1\u30a4\u30f3\u306e\u30dd\u30b8\u30b7\u30e7\u30f3\u3068\u3057\u305f\u3044\u3002\u30a4\u30f3\u30d5\u30ec\u7b2c2\u6ce2\u30b7\u30ca\u30ea\u30aa\u306a\u3089\u30b4\u30fc\u30eb\u30c9\u3001\u30a4\u30f3\u30d5\u30ec\u7d42\u7d50\u30b7\u30ca\u30ea\u30aa\u306a\u3089\u7c73\u56fd\u50b5\u304c\u5229\u76ca\u3092\u51fa\u3057\u3066\u304f\u308c\u308b\u3060\u308d\u3046\u304c\u3001\u305d\u306e\u5206\u5c90\u306f\u3082\u3046\u5c11\u3057\u5148\u306e\u8a71\u3067\u3042\u308b\u3002<\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u30a2\u30e1\u30ea\u30ab\u306e\u30a4\u30f3\u30d5\u30ec\u7387\u306e\u6025\u4f4e\u4e0b\u3092\u8e0f\u307e\u3048\u3066\u65b0\u305f\u306a\u30dd\u30b8\u30b7\u30e7\u30f3\u3092\u958b\u59cb\u3059\u308b\u30022\u5e74\u7269\u7c73\u56fd\u50b5\u306e\u8cb7\u3044\u3067\u3042\u308b\u3002<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[118,108],"tags":[],"class_list":["post-31913","post","type-post","status-publish","format-standard","hentry","category-us-bond-market","category-bond-markets"],"_links":{"self":[{"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/31913","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/comments?post=31913"}],"version-history":[{"count":28,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/31913\/revisions"}],"predecessor-version":[{"id":31943,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/31913\/revisions\/31943"}],"wp:attachment":[{"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/media?parent=31913"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/categories?post=31913"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/tags?post=31913"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}