{"id":5762,"date":"2017-03-08T16:24:09","date_gmt":"2017-03-08T07:24:09","guid":{"rendered":"http:\/\/www.globalmacroresearch.org\/jp\/?p=5762"},"modified":"2017-03-08T16:24:09","modified_gmt":"2017-03-08T07:24:09","slug":"%e3%82%ac%e3%83%b3%e3%83%88%e3%83%a9%e3%83%83%e3%82%af%e6%b0%8f-%e7%b1%b3%e5%9b%bd%e5%88%a9%e4%b8%8a%e3%81%92%e3%81%af%e4%bd%95%e3%81%8b%e3%81%8c%e5%a3%8a%e3%82%8c%e3%82%8b%e3%81%be%e3%81%a7%e6%ad%a2","status":"publish","type":"post","link":"https:\/\/www.globalmacroresearch.org\/jp\/archives\/5762","title":{"rendered":"\u30ac\u30f3\u30c8\u30e9\u30c3\u30af\u6c0f: \u7c73\u56fd\u5229\u4e0a\u3052\u306f\u4f55\u304b\u304c\u58ca\u308c\u308b\u307e\u3067\u6b62\u307e\u3089\u306a\u3044"},"content":{"rendered":"<p>\u524d\u56de\u306e\u8a18\u4e8b\u3067\u4e88\u544a\u3057\u305f\u901a\u308a\u6295\u8cc7\u521d\u5fc3\u8005\u5411\u3051\u306e\u8a18\u4e8b\u3092\u66f8\u3044\u3066\u3044\u308b\u304c\u3001\u3068\u308a\u3042\u3048\u305a\u306f\u5148\u306b\u50b5\u5238\u6295\u8cc7\u5bb6\u30ac\u30f3\u30c8\u30e9\u30c3\u30af\u6c0f\u306e\u76f8\u5834\u89b3\u3092\u5831\u3058\u305f\u3044\u3002<\/p>\n<p>\u7c73\u56fd\u3067\u306f3\u670814-15\u65e5\u306eFOMC\u4f1a\u5408\u3067\u306e\u5229\u4e0a\u3052\u304c\u53d6\u308a\u6c99\u6c70\u3055\u308c\u3066\u3044\u308b\u304c\u3001\u3053\u306e\u7c73\u56fd\u5229\u4e0a\u3052\u306b\u3064\u3044\u3066\u30ac\u30f3\u30c8\u30e9\u30c3\u30af\u6c0f\u304c\u610f\u898b\u3092\u8868\u660e\u3057\u3066\u3044\u308b\u3002CNBC\uff08<a href=\"http:\/\/www.cnbc.com\/2017\/03\/07\/fed-to-make-sequential-hikes-until-something-breaks-gundlach-says.html\" target=\"_blank\">\u539f\u6587\u82f1\u8a9e<\/a>\uff09\u3084Bloomberg\uff08<a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2017-03-07\/gundlach-predicts-old-school-fed-will-do-sequential-rate-hikes\" target=\"_blank\">\u539f\u6587\u82f1\u8a9e<\/a>\uff09\u306a\u3069\u304c\u4f1d\u3048\u3066\u3044\u308b\u3002<\/p>\n<p><!--more--><strong>\u30c8\u30e9\u30f3\u30d7\u76f8\u5834\u3068Fed<\/strong><\/p>\n<p>2016\u5e74\u306e\u30a2\u30e1\u30ea\u30ab\u5927\u7d71\u9818\u9078\u6319\u3067\u30c8\u30e9\u30f3\u30d7\u6c0f\u304c\u52dd\u5229\u3057\u3066\u4ee5\u6765\u3001\u5e02\u5834\u3067\u306f\u69d8\u3005\u306a\u3053\u3068\u304c\u5909\u308f\u3063\u305f\u304c\u3001\u305d\u306e\u4e2d\u5fc3\u306b\u3042\u308b\u306e\u306f\u91d1\u5229\u3067\u3042\u308b\u3002\u30c8\u30e9\u30f3\u30d7\u653f\u6a29\u306e\u7d4c\u6e08\u653f\u7b56\u304c\u8a55\u4fa1\u3055\u308c\u305f\u3053\u3068\u304b\u3089\u3001\u30a4\u30f3\u30d5\u30ec\u3068\u7d4c\u6e08\u6210\u9577\u304c\u671f\u5f85\u3055\u308c\u3001\u5148\u305a\u9577\u671f\u91d1\u5229\u304c\u4e0a\u6607\u3057\u305f\u3002<\/p>\n<p>\u9577\u671f\u91d1\u5229\u306f\u30c9\u30eb\u76f8\u5834\u3084\u30a2\u30e1\u30ea\u30ab\u306e\u4f4f\u5b85\u30ed\u30fc\u30f3\u91d1\u5229\u306a\u3069\u69d8\u3005\u306a\u3082\u306e\u306b\u5f71\u97ff\u3092\u4e0e\u3048\u3066\u3044\u308b\u304c\u3001\u5f71\u97ff\u3092\u4e0e\u3048\u305f\u3082\u306e\u306e\u4e00\u3064\u306bFed\uff08\u9023\u90a6\u6e96\u5099\u5236\u5ea6\uff09\u306e\u91d1\u878d\u653f\u7b56\u304c\u3042\u308b\u3002\u30a2\u30e1\u30ea\u30ab\u306e\u91d1\u878d\u653f\u7b56\u3092\u53f8\u308bFed\u306f\u30a2\u30e1\u30ea\u30ab\u306e\u653f\u7b56\u91d1\u5229\u3092\u6c7a\u3081\u3066\u304a\u308a\u3001\u30c8\u30e9\u30f3\u30d7\u76f8\u5834\u3067\u30a4\u30f3\u30d5\u30ec\u671f\u5f85\u304c\u6539\u5584\u3057\u305f\u3068\u3057\u3066\u30012016\u5e7412\u6708\u306b\u30ea\u30fc\u30de\u30f3\u30b7\u30e7\u30c3\u30af\u4ee5\u6765\u4e8c\u5ea6\u76ee\u306e\u5229\u4e0a\u3052\u3092\u6c7a\u884c\u3057\u305f\u3002<\/p>\n<ul>\n<li><a href=\"http:\/\/www.globalmacroresearch.org\/jp\/archives\/5028\">12\u6708FOMC\u4f1a\u5408\u7d50\u679c\u306f\u5229\u4e0a\u3052\u6c7a\u5b9a\u3001\u9577\u671f\u91d1\u5229\u306f\u5371\u967a\u6c34\u57df\u3078<\/a><\/li>\n<\/ul>\n<p>\u4e00\u5ea6\u76ee\u306f2015\u5e7412\u6708\u3067\u3042\u308b\u304b\u3089\u3001\u4e00\u5e74\u3076\u308a\u306e\u5229\u4e0a\u3052\u3068\u306a\u3063\u305f\u3002Fed\u306f2017\u5e74\u5185\u306b\u66f4\u306b3\u56de\u306e\u5229\u4e0a\u3052\u3092\u884c\u304a\u3046\u3068\u3057\u3066\u304a\u308a\u3001\u30a2\u30e1\u30ea\u30ab\u306e\u91d1\u5229\u5148\u7269\u5e02\u5834\u306b\u3088\u308c\u3070\u3001\u5e02\u5834\u3082\u305d\u308c\u3092\u4fe1\u3058\u3066\u3044\u308b\u3088\u3046\u3067\u3042\u308b\u3002\u5e02\u5834\u306e\u7e54\u308a\u8fbc\u3080\u5e74\u5185\u5229\u4e0a\u3052\u56de\u6570\u306f\u4ee5\u4e0b\u306e\u901a\u308a\u3067\u3042\u308b\u3002\u6570\u5b57\u306f\u305d\u306e\u56de\u6570\u5229\u4e0a\u3052\u304c\u884c\u308f\u308c\u308b\u78ba\u7387\u3067\u3042\u308b\u3002<\/p>\n<ul>\n<li>0\u56de: 1.4%<\/li>\n<li>1\u56de: 12.1%<\/li>\n<li>2\u56de: 31.4%<\/li>\n<li>3\u56de: 34.0%<\/li>\n<li>4\u56de: 16.9%<\/li>\n<\/ul>\n<p>\u3053\u306e\u3088\u3046\u306b\u30013\u56de\u306e\u5229\u4e0a\u3052\u3068\u306a\u308b\u78ba\u7387\u304c\u6700\u3082\u9ad8\u3044\u3068\u8a08\u7b97\u3055\u308c\u3066\u304a\u308a\u3001Fed\u306e\u81ea\u5df1\u7533\u544a\u3068\u4e00\u81f4\u3057\u3066\u3044\u308b\u3002<\/p>\n<p><strong>Fed\u306f\u4fe1\u983c\u3092\u53d6\u308a\u623b\u3057\u305f\u306e\u304b\uff1f<\/strong><\/p>\n<p>\u56e0\u307f\u306b\u3001\u30c8\u30e9\u30f3\u30d7\u6c0f\u304c\u52dd\u5229\u3059\u308b\u307e\u3067Fed\u306f\u5e02\u5834\u306b\u307b\u3068\u3093\u3069\u4fe1\u3058\u3089\u308c\u3066\u3044\u306a\u304b\u3063\u305f\u3002\u7d4c\u6e08\u5b66\u8005\u3067\u5143\u8ca1\u52d9\u9577\u5b98\u306e\u30e9\u30ea\u30fc\u30fb\u30b5\u30de\u30fc\u30ba\u6c0f\u306f\u3001Fed\u306f\u5e38\u306b\u5229\u4e0a\u3052\u3092\u3059\u308b\u3068\u8a00\u3044\u306a\u304c\u3089\u3001\u5e02\u5834\u306f\u305d\u308c\u3092\u4fe1\u3058\u305a\u3001\u3057\u304b\u3082\u7d50\u5c40\u306f\u5e02\u5834\u306e\u307b\u3046\u304c\u6b63\u3057\u3044\u3068\u8a3c\u660e\u3055\u308c\u3001Fed\u306f\u5229\u4e0a\u3052\u3092\u64a4\u56de\u3057\u306a\u3051\u308c\u3070\u306a\u3089\u306a\u3044\u72b6\u614b\u304c\u7d9a\u3044\u3066\u3044\u308b\u3068\u63f6\u63c4\u3057\u3066\u3044\u305f\u3002<\/p>\n<ul>\n<li><a href=\"http:\/\/www.globalmacroresearch.org\/jp\/archives\/4354\">\u5143\u7c73\u56fd\u8ca1\u52d9\u9577\u5b98\u30b5\u30de\u30fc\u30ba\u6c0f: \u30a2\u30e1\u30ea\u30ab\u306e\u5229\u4e0a\u3052\u306f\u4e0d\u8981\u3001\u73fe\u884c\u306e\u91d1\u878d\u653f\u7b56\u306f\u77db\u76fe\u3057\u3066\u3044\u308b<\/a><\/li>\n<\/ul>\n<p>\u3057\u304b\u3057\u4eca\u3067\u306f\u3069\u3046\u304b\uff1f\u3000Fed\u306e\u81ea\u5df1\u7533\u544a\u3068\u5e02\u5834\u306e\u4e88\u60f3\u304c\u4e00\u81f4\u3057\u3066\u3044\u308b\u3002\u30ac\u30f3\u30c8\u30e9\u30c3\u30af\u6c0f\u306f\u3053\u306e\u72b6\u6cc1\u3092\u6b21\u306e\u3088\u3046\u306b\u8a00\u3044\u8868\u3057\u3066\u3044\u308b\u3002<\/p>\n<blockquote><p>Fed\u3078\u306e\u4fe1\u4efb\u306f\u5927\u3044\u306b\u5909\u308f\u3063\u305f\u3002\u5e02\u5834\u306f\u3044\u307e\u3084Fed\u306e\u8a00\u3046\u3053\u3068\u306b\u8033\u3092\u50be\u3051\u3066\u304a\u308a\u3001\u5927\u3044\u306b\u656c\u610f\u3092\u6255\u308f\u308c\u3066\u3044\u308b\u3002<\/p><\/blockquote>\n<p>\u500b\u4eba\u7684\u306b\u306f\u3001\u3053\u306e\u8868\u73fe\u306b\u306f\u61d0\u7591\u7684\u3067\u3042\u308b\u3002\u308f\u305f\u3057\u306e\u76f8\u5834\u89b3\u3067\u306f\u3001\u5e02\u5834\u304cFed\u306b\u656c\u610f\u3092\u6255\u3063\u3066\u3044\u308b\u306e\u3067\u306f\u306a\u304f\u3001Fed\u304c\u5e02\u5834\u306b\u656c\u610f\u3092\u6255\u3063\u3066\u3044\u308b\u306e\u3067\u3042\u308b\u3002\u3064\u307e\u308a\u3001\u5e02\u5834\u3067\u9577\u671f\u91d1\u5229\u304c\u5148\u306b\u4e0a\u304c\u3063\u3066\u3057\u307e\u3063\u305f\u306e\u3067\u3001Fed\u3082\u305d\u308c\u306b\u5408\u308f\u305b\u3066\u653f\u7b56\u91d1\u5229\u3092\u4e0a\u3052\u306a\u3051\u308c\u3070\u306a\u3089\u306a\u304f\u306a\u3063\u3066\u3044\u308b\u3068\u3044\u3046\u3053\u3068\u3067\u3042\u308b\u3002\u4ee5\u4e0b\u306f\u9577\u671f\u91d1\u5229\u306e\u30c1\u30e3\u30fc\u30c8\u3067\u3042\u308b\u3002<\/p>\n<p><a href=\"http:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2017\/03\/2017-3-8-us-10-year-treasury-note-yield-chart.png\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-5766\" src=\"http:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2017\/03\/2017-3-8-us-10-year-treasury-note-yield-chart.png\" alt=\"\" width=\"600\" height=\"402\" srcset=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2017\/03\/2017-3-8-us-10-year-treasury-note-yield-chart.png 600w, https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2017\/03\/2017-3-8-us-10-year-treasury-note-yield-chart-300x201.png 300w\" sizes=\"auto, (max-width: 600px) 100vw, 600px\" \/><\/a><\/p>\n<p>\u3044\u305a\u308c\u306b\u305b\u3088\u3001Fed\u306f\u5229\u4e0a\u3052\u3092\u884c\u304a\u3046\u3068\u3057\u3066\u3044\u308b\u3002\u30ac\u30f3\u30c8\u30e9\u30c3\u30af\u6c0f\u306f\u305d\u308c\u3092\u4ee5\u4e0b\u306e\u3088\u3046\u306b\u89e3\u8aac\u3059\u308b\u3002<\/p>\n<blockquote><p>Fed\u306f\u3044\u3064\u3082\u306e\u611a\u76f4\u306a\u5229\u4e0a\u3052\u306e\u30d1\u30bf\u30fc\u30f3\u306b\u5165\u3063\u305f\u3088\u3046\u3060\u3002\u305d\u308c\u306f\u307b\u3068\u3093\u3069\u65e7\u614b\u7136\u3068\u3057\u3066\u3044\u308b\u3002<\/p>\n<p>Fed\u306f\u4f55\u304b\u304c\u58ca\u308c\u308b\u307e\u3067\u5229\u4e0a\u3052\u3092\u7d9a\u3051\u308b\u3060\u308d\u3046\u3002<\/p><\/blockquote>\n<p>\u3053\u3053\u6570\u5341\u5e74\u306e\u9593\u3001Fed\u306f\u5e38\u306b\u5229\u4e0a\u3052\u306e\u6a5f\u4f1a\u3092\u4f3a\u3063\u3066\u304d\u305f\u3002\u305d\u3057\u3066\u3072\u3068\u305f\u3073\u5e02\u5834\u304c\u5229\u4e0a\u3052\u3092\u53d7\u3051\u5165\u308c\u308b\u3068\u3001\u305d\u306e\u5229\u4e0a\u3052\u306f\u5e02\u5834\u304c\u8a31\u3059\u9650\u308a\u611a\u76f4\u306b\u7d9a\u3051\u3089\u308c\u305f\u3002\u3053\u308c\u3092\u30ac\u30f3\u30c8\u30e9\u30c3\u30af\u6c0f\u306f\u300c\u3044\u3064\u3082\u306e\u611a\u76f4\u306a\u5229\u4e0a\u3052\u300d\u3068\u547c\u3093\u3067\u3044\u308b\u3002<\/p>\n<p>\u3057\u304b\u3057\u3001\u3067\u306f\u9006\u306b\u5e02\u5834\u304c\u8a31\u3055\u306a\u304f\u306a\u308b\u3068\u306f\u3069\u3046\u3044\u3046\u72b6\u614b\u304b\uff1f\u3000\u305d\u308c\u306f\u3064\u307e\u308a\u3001\u5e02\u5834\u3067\u4f55\u3089\u304b\u306e\u652f\u969c\u304c\u751f\u3058\u308b\u307e\u3067Fed\u306f\u5229\u4e0a\u3052\u3092\u884c\u3046\u3068\u3044\u3046\u3053\u3068\u3067\u3042\u308b\u3002<\/p>\n<p><strong>\u91d1\u878d\u5371\u6a5f\u304c\u8d77\u3053\u308b\u307e\u3067\u5229\u4e0a\u3052\u3092\u7d9a\u3051\u305fFed<\/strong><\/p>\n<p>\u305d\u308c\u306f\u307e\u3055\u306b\u30012008\u5e74\u306e\u91d1\u878d\u5371\u6a5f\u306b\u304a\u3051\u308bFed\u306e\u52d5\u304d\u3068\u540c\u3058\u3067\u3042\u308b\u3002\u30a4\u30a8\u30ec\u30f3\u8b70\u9577\uff08\u5f53\u6642\u30b5\u30f3\u30d5\u30e9\u30f3\u30b7\u30b9\u30b3\u9023\u9280\u7dcf\u88c1\uff09\u306f\u91d1\u878d\u5371\u6a5f\u76f4\u524d\u306e\u91d1\u5229\u306e\u6c34\u6e96\u3092\u300c\u7de9\u548c\u7684\u300d\u3068\u547c\u3093\u3060\u304c\u3001\u5371\u6a5f\u304c\u767a\u751f\u3059\u308b\u3068Fed\u306f\u76f4\u3061\u306b\u5229\u4e0b\u3052\u3068\u91cf\u7684\u7de9\u548c\u3092\u4f59\u5100\u306a\u304f\u3055\u308c\u305f\u3002\u4ee5\u4e0b\u306e\u8a18\u4e8b\u306b\u8a73\u3057\u304f\u89e3\u8aac\u3057\u3066\u3044\u308b\u3002<\/p>\n<ul>\n<li><a href=\"http:\/\/www.globalmacroresearch.org\/jp\/archives\/4442\">\u30ea\u30fc\u30de\u30f3\u30b7\u30e7\u30c3\u30af\u6642\u306b\u304a\u3051\u308b\u7c73\u56fd\u682a\u3001\u653f\u7b56\u91d1\u5229\u3001\u4f4f\u5b85\u4fa1\u683c\u306e\u63a8\u79fb<\/a><\/li>\n<\/ul>\n<p>\u30ac\u30f3\u30c8\u30e9\u30c3\u30af\u6c0f\u306e\u8a00\u3046\u300c\u4f55\u304b\u304c\u58ca\u308c\u308b\u300d\u3068\u306f\u305d\u3046\u3044\u3046\u3053\u3068\u3067\u3042\u308b\u30022008\u5e74\u306e\u5e02\u5834\u3067\u306f\u30a2\u30e1\u30ea\u30ab\u306e\u4f4f\u5b85\u30d0\u30d6\u30eb\u304c\u58ca\u308c\u305f\u304c\u3001\u4eca\u306e\u5e02\u5834\u3067\u306f\u4f55\u304c\u58ca\u308c\u308b\u306e\u304b\uff1f\u3000\u5f7c\u306f\u30c8\u30e9\u30f3\u30d7\u76f8\u5834\u3067\u4e0a\u6607\u3092\u7d9a\u3051\u308b\u30a2\u30e1\u30ea\u30ab\u306e\u682a\u5f0f\u5e02\u5834\u3092\u5fc3\u914d\u3057\u3066\u3044\u308b\u3088\u3046\u3067\u3042\u308b\u3002<\/p>\n<blockquote><p>\u682a\u5f0f\u5e02\u5834\u306b\u306f\u4e00\u5b9a\u306e\u52e2\u3044\u304c\u3042\u308a\u3001\u305d\u306e\u88cf\u306b\u306f\u30a2\u30cb\u30de\u30eb\u30b9\u30d4\u30ea\u30c3\u30c8\u304c\u3042\u308b\u3068\u3044\u3046\u3053\u3068\u306f\u8ab0\u3082\u304c\u77e5\u3063\u3066\u3044\u308b\u3002<\/p>\n<p>\u3060\u304c\u81ea\u5206\u306e\u4e88\u60f3\u901a\u308a\u4eca\u5e74\u306e\u534a\u3070\u306b\u3067\u3082\u91d1\u5229\u306e\u4e0a\u6607\u304c\u518d\u958b\u3059\u308b\u306e\u3067\u3042\u308c\u3070\u3001\u682a\u9ad8\u306f\u305d\u306e\u60aa\u5f71\u97ff\u306b\u6253\u3061\u52dd\u3064\u3053\u3068\u304c\u51fa\u6765\u306a\u3044\u3060\u308d\u3046\u3002<\/p><\/blockquote>\n<p>\u7d50\u679c\u3068\u3057\u3066\u3001\u30ac\u30f3\u30c8\u30e9\u30c3\u30af\u6c0f\u306f\u30b4\u30fc\u30eb\u30c9\u3068\u30a4\u30f3\u30d5\u30ec\u9023\u52d5\u50b5\u306e\u8cb7\u3044\u3092\u52e7\u3081\u3066\u3044\u308b\u3001\u30b4\u30fc\u30eb\u30c9\u3068\u30a4\u30f3\u30d5\u30ec\u9023\u52d5\u50b5\u306f\u3068\u3082\u306b\u5b9f\u8cea\u6210\u9577\u7387\u3078\u306e\u671f\u5f85\u304c\u4f4e\u4e0b\u3059\u308b\u6642\u306b\u4e0a\u6607\u3059\u308b\u3044\u308f\u3086\u308b\u300c\u5b89\u5168\u8cc7\u7523\u300d\u3067\u3042\u308b\u3002\u91d1\u4fa1\u683c\u306f\u30c8\u30e9\u30f3\u30d7\u76f8\u5834\u3067\u7d4c\u6e08\u6210\u9577\u304c\u671f\u5f85\u3055\u308c\u305f\u3053\u3068\u304b\u3089\u6025\u843d\u3057\u305f\u304c\u3001\u4eca\u5e74\u306b\u5165\u3063\u3066\u304b\u3089\u306f\u3084\u3084\u56de\u5fa9\u3057\u305f\u72b6\u614b\u306b\u3042\u308b\u3002<\/p>\n<p><a href=\"http:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2017\/03\/2017-3-8-gold-price-chart.png\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-5776\" src=\"http:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2017\/03\/2017-3-8-gold-price-chart.png\" alt=\"\" width=\"600\" height=\"402\" srcset=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2017\/03\/2017-3-8-gold-price-chart.png 600w, https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2017\/03\/2017-3-8-gold-price-chart-300x201.png 300w\" sizes=\"auto, (max-width: 600px) 100vw, 600px\" \/><\/a><\/p>\n<p>\u304b\u3064\u3066\u30b8\u30e7\u30fc\u30b8\u30fb\u30bd\u30ed\u30b9\u6c0f\u306e\u30af\u30a9\u30f3\u30bf\u30e0\u30fb\u30d5\u30a1\u30f3\u30c9\u3092\u6307\u63ee\u3057\u305f\u30c9\u30e9\u30c3\u30b1\u30f3\u30df\u30e9\u30fc\u6c0f\u3082\u30b4\u30fc\u30eb\u30c9\u3078\u306e\u518d\u6295\u8cc7\u3092\u8868\u660e\u3057\u3066\u3044\u305f\u3002\u3053\u308c\u3089\u306f\u30c8\u30e9\u30f3\u30d7\u653f\u6a29\u306b\u304a\u3051\u308b\u7d4c\u6e08\u6210\u9577\u306b\u61d0\u7591\u7684\u306a\u52d5\u304d\u3067\u3042\u308b\u3002<\/p>\n<ul>\n<li><a href=\"http:\/\/www.globalmacroresearch.org\/jp\/archives\/5482\">\u30c9\u30e9\u30c3\u30b1\u30f3\u30df\u30e9\u30fc\u6c0f\u3001\u91d1\u4fa1\u683c\u4e0b\u843d\u3067\u30b4\u30fc\u30eb\u30c9\u306b\u518d\u6295\u8cc7\u3001\u30c8\u30e9\u30f3\u30d7\u76f8\u5834\u5f8c\u9000\u3067<\/a><\/li>\n<\/ul>\n<p>\u3053\u3046\u3057\u305f\u30d8\u30c3\u30b8\u30d5\u30a1\u30f3\u30c9\u30de\u30cd\u30fc\u30b8\u30e3\u30fc\u3089\u306e\u60b2\u89b3\u7684\u306a\u898b\u65b9\u306b\u53cd\u3057\u3001\u7c73\u56fd\u682a\u306f\u4e0a\u6607\u3092\u7d9a\u3051\u3066\u3044\u308b\u3002\u65e2\u306b\u9577\u304f\u306a\u3063\u3066\u3057\u307e\u3063\u305f\u306e\u3067\u7b46\u3092\u7f6e\u304f\u304c\u3001\u9577\u671f\u91d1\u5229\u3068\u653f\u7b56\u91d1\u5229\u304c\u305d\u308c\u305e\u308c\u682a\u4fa1\u306b\u3069\u3046\u3044\u3046\u5f71\u97ff\u3092\u53ca\u307c\u3059\u306e\u304b\u306b\u3064\u3044\u3066\u306f\u3001\u4eca\u5f8c\u3088\u308a\u8a73\u3057\u304f\u8aac\u660e\u3057\u3066\u3086\u304d\u305f\u3044\u3068\u601d\u3063\u3066\u3044\u308b\u3002<\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u524d\u56de\u306e\u8a18\u4e8b\u3067\u4e88\u544a\u3057\u305f\u901a\u308a\u6295\u8cc7\u521d\u5fc3\u8005\u5411\u3051\u306e\u8a18\u4e8b\u3092\u66f8\u3044\u3066\u3044\u308b\u304c\u3001\u3068\u308a\u3042\u3048\u305a\u306f\u5148\u306b\u50b5\u5238\u6295\u8cc7\u5bb6\u30ac\u30f3\u30c8\u30e9\u30c3\u30af\u6c0f\u306e\u76f8\u5834\u89b3\u3092\u5831\u3058\u305f\u3044\u3002 \u7c73\u56fd\u3067\u306f3\u670814-15\u65e5\u306eFOMC\u4f1a\u5408\u3067\u306e\u5229\u4e0a\u3052\u304c\u53d6\u308a\u6c99\u6c70\u3055\u308c\u3066\u3044\u308b\u304c\u3001\u3053\u306e\u7c73\u56fd\u5229\u4e0a\u3052\u306b\u3064\u3044\u3066\u30ac\u30f3 &hellip; <a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/5762\" class=\"more-link\">\u7d9a\u304d\u3092\u8aad\u3080 <span class=\"screen-reader-text\">\u30ac\u30f3\u30c8\u30e9\u30c3\u30af\u6c0f: \u7c73\u56fd\u5229\u4e0a\u3052\u306f\u4f55\u304b\u304c\u58ca\u308c\u308b\u307e\u3067\u6b62\u307e\u3089\u306a\u3044<\/span> <span class=\"meta-nav\">&rarr;<\/span><\/a><\/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":[131],"class_list":["post-5762","post","type-post","status-publish","format-standard","hentry","category-us-bond-market","category-bond-markets","tag-jeffrey-gundlach"],"_links":{"self":[{"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/5762","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=5762"}],"version-history":[{"count":13,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/5762\/revisions"}],"predecessor-version":[{"id":5778,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/5762\/revisions\/5778"}],"wp:attachment":[{"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/media?parent=5762"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/categories?post=5762"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/tags?post=5762"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}