{"id":8075,"date":"2025-09-15T09:26:53","date_gmt":"2025-09-15T09:26:53","guid":{"rendered":"https:\/\/www.mdwcc.com\/?p=8075"},"modified":"2025-09-23T01:41:00","modified_gmt":"2025-09-23T01:41:00","slug":"is-a-fed-rate-cut-a-foregone-conclusion-shifting-from-fighting-inflation-to-protecting-jobs","status":"publish","type":"post","link":"https:\/\/www.mdwcc.com\/ja\/is-a-fed-rate-cut-a-foregone-conclusion-shifting-from-fighting-inflation-to-protecting-jobs\/","title":{"rendered":"FRB\u306e\u5229\u4e0b\u3052\u306f\u65e2\u5b9a\u8def\u7dda\u304b\uff1f\u300c\u30a4\u30f3\u30d5\u30ec\u3068\u306e\u6226\u3044\u300d\u304b\u3089\u300c\u96c7\u7528\u4fdd\u8b77\u300d\u3078\u306e\u30b7\u30d5\u30c8\uff01"},"content":{"rendered":"<p>9\u670816\uff5e17\u65e5\u306b\u958b\u50ac\u3055\u308c\u308b\u9023\u90a6\u6e96\u5099\u5236\u5ea6\u7406\u4e8b\u4f1a\uff08FRB\uff09\u306e\u91d1\u878d\u653f\u7b56\u6c7a\u5b9a\u4f1a\u5408\u304c\u8fd1\u3065\u304f\u306b\u3064\u308c\u3001\u5e02\u5834\u306b\u304a\u3051\u308b\u5229\u4e0b\u3052\u89b3\u6e2c\u304c\u307e\u3059\u307e\u3059\u9bae\u660e\u306b\u306a\u308a\u3064\u3064\u3042\u308b\u3002\u6570\u30f6\u6708\u306b\u308f\u305f\u308aFRB\u3092\u60a9\u307e\u305b\u3066\u304d\u305f\u300c\u30b9\u30bf\u30b0\u30d5\u30ec\u30fc\u30b7\u30e7\u30f3\u30ea\u30b9\u30af\u300d\u306f\u3001\u6700\u8fd1\u306e\u5f31\u3044\u96c7\u7528\u5e02\u5834\u6307\u6a19\u3068\u30a4\u30f3\u30d5\u30ec\u5727\u529b\u306e\u7de9\u548c\u3068\u3044\u3046\u76f8\u4e57\u52b9\u679c\u306b\u3088\u308a\u5f90\u3005\u306b\u89e3\u6d88\u3057\u3064\u3064\u3042\u308a\u3001\u653f\u7b56\u306e\u65b9\u5411\u6027\u3092\u3081\u3050\u308b\u5f53\u5c40\u8005\u9593\u306e\u8b70\u8ad6\u3082\u7d42\u606f\u306b\u5411\u304b\u3046\u3068\u898b\u8fbc\u307e\u308c\u308b\u3002\u6a5f\u95a2\u6295\u8cc7\u5bb6\u306e\u4e88\u6e2c\u304b\u3089FRB\u81ea\u8eab\u306e\u30b9\u30bf\u30f3\u30b9\u306b\u81f3\u308b\u307e\u3067\u3001\u300c\u614e\u91cd\u306a\u7de9\u548c\u300d\u3078\u306e\u653f\u7b56\u8ee2\u63db\u306f\u5dee\u3057\u8feb\u3063\u3066\u3044\u308b\u3002\u96c7\u7528\u5e02\u5834\u304b\u3089\u306e\u8907\u6570\u306e\u8b66\u6212\u611f\u3068\u4f4e\u8ff7\u3059\u308b\u30a4\u30f3\u30d5\u30ec\u304c\u3001\u4eca\u56de\u306e\u5229\u4e0b\u3052\u306e\u30da\u30fc\u30b9\u3068\u898f\u6a21\u3092\u5de6\u53f3\u3057\u3066\u3044\u308b\u3002<\/p>\n<h2>1. 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fetchpriority=\"high\" decoding=\"async\" width=\"919\" height=\"544\" class=\"wp-image-8077\" src=\"https:\/\/www.mdwcc.com\/wp-content\/uploads\/2025\/09\/img_256-1.png\" alt=\"IMG_256\" srcset=\"https:\/\/www.mdwcc.com\/wp-content\/uploads\/2025\/09\/img_256-1.png 919w, https:\/\/www.mdwcc.com\/wp-content\/uploads\/2025\/09\/img_256-1-300x178.png 300w, https:\/\/www.mdwcc.com\/wp-content\/uploads\/2025\/09\/img_256-1-768x455.png 768w, https:\/\/www.mdwcc.com\/wp-content\/uploads\/2025\/09\/img_256-1-18x12.png 18w, https:\/\/www.mdwcc.com\/wp-content\/uploads\/2025\/09\/img_256-1-900x533.png 900w, https:\/\/www.mdwcc.com\/wp-content\/uploads\/2025\/09\/img_256-1-600x355.png 600w\" sizes=\"(max-width: 919px) 100vw, 919px\" \/><\/p>\n<h3>\uff08I\uff09\u96c7\u7528\u5e02\u5834\uff1a\u300c\u5b89\u5b9a\u3057\u3066\u3044\u308b\u3088\u3046\u306b\u898b\u3048\u308b\u300d\u304b\u3089\u300c\u5168\u4f53\u7684\u306b\u5f31\u3044\u300d\u3078<\/h3>\n<ul>\n<li class=\"translation-block\"><strong>\u4e3b\u8981\u6307\u6a19\u306f\u5727\u8feb\u3055\u308c\u3066\u3044\u308b:<\/strong>\u5931\u696d\u7387\u306f8\u6708\u306b4.3%\u306b\u4e0a\u6607\u3057\u3001\u6c42\u4eba\u6570\u306f6\u6708\u306b\u6e1b\u5c11\u3057\u30012025\u5e74\u307e\u3067\u306e1\u5e74\u9593\u306e\u65b0\u898f\u96c7\u7528\u6570\u306f\u5f53\u521d\u5831\u544a\u3055\u308c\u305f\u6570\u3088\u308a\u7d04100\u4e07\u4ef6\u6e1b\u5c11\u3057\u305f\u3002<\/li>\n<li 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class=\"translation-block\"><strong>\u771f\u306e\u5f31\u70b9\u306f\u96a0\u3055\u308c\u3066\u3044\u308b\uff1a<\/strong>2024\u5e74\u672b\u306e\u63a1\u7528\u6025\u5897\u3092\u9664\u3051\u3070\u30012024\u5e744\u6708\u304b\u30892025\u5e748\u6708\u307e\u3067\u306e\u5e73\u5747\u6708\u9593\u5897\u52a0\u6570\u306f\u308f\u305a\u304b\u7d044\u4e07\u4eba\u306b\u904e\u304e\u306a\u3044\u3002\u4f4e\u3044\u5931\u696d\u7387\u306f\u3001\u9700\u8981\u3067\u306f\u306a\u304f\u52b4\u50cd\u529b\u4f9b\u7d66\uff08\u79fb\u6c11\u5236\u9650\uff09\u306b\u3088\u308b\u3082\u306e\u3060\u3002<\/li>\n<\/ul>\n<h3>\uff08II\uff09\u30a4\u30f3\u30d5\u30ec\u52d5\u5411\uff1a\u95a2\u7a0e\u306e\u6ce2\u53ca\u52b9\u679c\u306f\u4e2d\u7a0b\u5ea6\u3001\u30b3\u30a2\u6307\u6a19\u306f\u30b3\u30f3\u30c8\u30ed\u30fc\u30eb\u53ef\u80fd<\/h3>\n<p>8\u6708\u306e\u6d88\u8cbb\u8005\u7269\u4fa1\u6307\u6570\uff08CPI\uff09\u306e\u4e0a\u6607\u7387\u306f\u524d\u6708\u3092\u4e0a\u56de\u3063\u305f\u3082\u306e\u306e\u3001\u30a4\u30f3\u30d5\u30ec\u5727\u529b\u306f\u4f9d\u7136\u3068\u3057\u3066\u7ba1\u7406\u53ef\u80fd\u306a\u6c34\u6e96\u306b\u3042\u308b\u3002\u30b3\u30a2CPI\u306f8\u6708\u306b\u524d\u6708\u6bd40.35%\u4e0a\u6607\u3057\u305f\u4e00\u65b9\u3001FRB\u306e\u653f\u7b56\u76ee\u6a19\u3092\u793a\u3059\u30b3\u30a2PCE\u306f0.18%\u306e\u4e0a\u6607\u306b\u3068\u3069\u307e\u308b\u3068\u4e88\u60f3\u3055\u308c\u3066\u3044\u308b\u3002\u3053\u308c\u306f\u4e88\u60f3\u3088\u308a\u3082\u4f4e\u3044\u30a4\u30f3\u30d5\u30ec\u7387\u3092\u793a\u5506\u3057\u3066\u304a\u308a\u3001\u30d1\u30a6\u30a8\u30eb\u8b70\u9577\u306e\u898b\u89e3\u3068\u6574\u5408\u7684\u3067\u3042\u308b\u3002\u5e02\u5834\u3067\u306f\u3001\u30a4\u30f3\u30d5\u30ec\u7387\u304c2025\u5e74\u672b\u307e\u3067\u306bFRB\u306e\u76ee\u6a19\u3067\u3042\u308b2%\u30921%\u30dd\u30a4\u30f3\u30c8\u4ee5\u4e0a\u4e0a\u56de\u308b\u53ef\u80fd\u6027\u304c\u3042\u308b\u3068\u4e88\u60f3\u3055\u308c\u3066\u3044\u308b\u304c\u3001\u653f\u7b56\u5f53\u5c40\u306f\u95a2\u7a0e\u306b\u3088\u308b\u30a4\u30f3\u30d5\u30ec\u306e\u6301\u7d9a\u4e0d\u53ef\u80fd\u6027\u3092\u8a8d\u8b58\u3057\u3066\u304a\u308a\u3001\u653f\u7b56\u306e\u7126\u70b9\u306f\u5f90\u3005\u306b\u96c7\u7528\u306e\u4fdd\u8b77\u3078\u3068\u79fb\u884c\u3057\u3066\u3044\u308b\u3002<\/p>\n<h2>\u6a5f\u95a2\u6295\u8cc7\u5bb6\u306e\u4e88\u6e2c\uff1a\u4e56\u96e2\u304b\u3089\u30b3\u30f3\u30bb\u30f3\u30b5\u30b9\u3078\u3001\u30e2\u30eb\u30ac\u30f3\u30fb\u30b9\u30bf\u30f3\u30ec\u30fc\u304c\u671f\u5f85\u4e0a\u6607\u3092\u30ea\u30fc\u30c9<\/h2>\n<p><img decoding=\"async\" width=\"730\" height=\"694\" class=\"wp-image-8078\" src=\"https:\/\/www.mdwcc.com\/wp-content\/uploads\/2025\/09\/img_256-2.png\" alt=\"IMG_256\" srcset=\"https:\/\/www.mdwcc.com\/wp-content\/uploads\/2025\/09\/img_256-2.png 730w, https:\/\/www.mdwcc.com\/wp-content\/uploads\/2025\/09\/img_256-2-300x285.png 300w, https:\/\/www.mdwcc.com\/wp-content\/uploads\/2025\/09\/img_256-2-13x12.png 13w, https:\/\/www.mdwcc.com\/wp-content\/uploads\/2025\/09\/img_256-2-600x570.png 600w\" sizes=\"(max-width: 730px) 100vw, 730px\" 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