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\u653e\u5230\u5f53\u524d\u6bd4\u7279\u5e01\u7684\u60c5\u5883\uff0c\u4fbf\u662f\u6700\u4f73\u6ce8\u89e3\u3002\u5373\u4fbf\u9762\u5bf9\u4f0a\u6717\u4e0e\u4ee5\u8272\u5217\u7684\u51b2\u7a81\u5347\u6e29\u3001\u751a\u81f3\u7f8e\u56fd\u5bf9\u4f0a\u6717\u53d1\u52a8\u7a7a\u88ad\u4e4b\u9645\uff0c\u6bd4\u7279\u5e01\u5728\u591a\u6570\u65f6\u5019\u4ecd\u7a33\u5b88 10 \u4e07\u7f8e\u5143\u5927\u5173\uff0c\u5c55\u73b0\u51fa\u5f3a\u5927\u7684\u6297\u538b\u6027\u4e0e\u5e02\u573a\u4fe1\u5fc3\u3002<\/p>\n

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Nansen \u8d44\u6df1\u7814\u7a76\u5458 Nicolai Soendergaard \u6307\u51fa\uff1a\u300c\u6211\u4eec\u89c2\u5bdf\u5230\u4ea4\u6613\u6240\u51fa\u73b0\u5927\u91cf\u8d44\u91d1\u6d41\u51fa\uff0c\u663e\u793a\u65e0\u8bba\u662f\u6563\u6237\u6216\u673a\u6784\u90fd\u5728\u9022\u4f4e\u5e03\u5c40\u3002\u300d<\/p>\n

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\u94fe\u4e0a\u6570\u636e\u5e73\u53f0 Glassnode \u4e5f\u89c2\u5bdf\u5230\uff0c\u81ea 6 \u6708 10 \u65e5\u4ee5\u6765\uff0c\u88ab\u5f52\u7c7b\u4e3a\u300c\u4e8f\u635f\u5356\u65b9\u300d\u7684\u6295\u8d44\u4eba\u6bd4\u4f8b\u5927\u589e 29%\uff0c\u4f46\u540c\u65f6\u4e5f\u6709\u66f4\u591a\u300c\u4fe1\u4ef0\u4e70\u5bb6\u300d\u8fdb\u573a\u6361\u4fbf\u5b9c\uff0c\u53cd\u6620\u5e02\u573a\u60c5\u7eea\u5e76\u672a\u5d29\u6e83\uff0c\u800c\u662f\u6709\u6295\u8d44\u4eba\u9009\u62e9\u9006\u52bf\u8fdb\u573a\u3001\u62c9\u4f4e\u6301\u4ed3\u6210\u672c\u3002<\/p>\n

\u4e8c\u3001 Fed\u300c\u9e70\u8f6c\u9e3d\u300d\uff0c\u8d27\u5e01\u5bbd\u677e\u9884\u671f\u5347\u6e29<\/p>\n

\u8d44\u91d1\u9762\u5411\u6765\u662f\u6bd4\u7279\u5e01\u884c\u60c5\u7684\u91cd\u8981\u71c3\u6599\u3002\u7f8e\u56fd\u8054\u51c6\u4f1a\uff08Fed\uff09\u8fd1\u671f\u91ca\u51fa\u653f\u7b56\u8f6c\u5411\u8baf\u53f7\uff0c\u5c24\u4ee5 Fed \u7406\u4e8b Michelle Bowman \u53ca Christopher Waller \u4e24\u4f4d\u8fc7\u5f80\u504f\u5411\u9e70\u6d3e\u7684\u5b98\u5458\uff0c\u7eb7\u7eb7\u8868\u6001\u652f\u6301 7 \u6708\u964d\u606f\uff0c\u4ee4\u5e02\u573a\u4e3a\u4e4b\u4e00\u632f\u3002<\/p>\n

\u8fd9\u4e0d\u4ec5\u6253\u7834 Fed \u4e3b\u5e2d\u9c8d\u5c14\uff08Jerome Powell\uff09\u300c\u4f9d\u636e\u6570\u636e\u8c03\u6574\u653f\u7b56\u300d\u7684\u4e00\u8d2f\u505a\u6cd5\uff0c\u4e5f\u4e0e\u5ddd\u666e\u547c\u5401\u964d\u606f\u7684\u4e3b\u5f20\u76f8\u547c\u5e94\u3002 ForexLive \u9996\u5e2d\u8d27\u5e01\u5206\u6790\u5e08 Adam Button \u66f4\u8bbd\u523a\u8868\u793a\uff1a\u300c\u770b\u6765\u5ddd\u666e\u7ec8\u4e8e\u627e\u5230\u4ed6\u7684\u9e3d\u6d3e\u76df\u53cb\u4e86\u3002\u300d<\/p>\n

Fed \u7406\u4e8b Michelle Bowman \u8ba4\u4e3a\uff0c\u5173\u7a0e\u5bf9\u901a\u81a8\u7684\u5f71\u54cd\u53ef\u80fd\u4f4e\u4e8e\u9884\u671f\uff0c\u5e76\u5f3a\u8c03\u53ea\u8981\u901a\u81a8\u672a\u518d\u5347\u6e29\uff0c\u5c31\u652f\u6301\u4e0b\u6708\u542f\u52a8\u964d\u606f\u3002\u82e5 Fed \u771f\u5982\u9884\u671f\u5f00\u59cb\u5bbd\u677e\u5faa\u73af\uff0c\u5c06\u4e3a\u52a0\u5bc6\u8d27\u5e01\u5e26\u6765\u66f4\u5bbd\u88d5\u7684\u6d41\u52a8\u6027\u73af\u5883\u3002<\/p>\n

\u4e09\u3001\u6cb9\u4ef7\u51fa\u4e4e\u610f\u6599\u8d70\u8dcc\uff0c\u538b\u6291\u901a\u81a8\u5347\u6e29\u7591\u8651<\/p>\n

\u5c31\u5728\u5e02\u573a\u666e\u904d\u9884\u671f\u7f8e\u4f0a\u51b2\u7a81\u5347\u7ea7\u3001\u4f0a\u6717\u5173\u95ed\u8377\u59c6\u5179\u6d77\u5ce1\u5c06\u5f15\u7206\u6cb9\u4ef7\u8d70\u9ad8\u4e4b\u9645\uff0c\u539f\u6cb9\u4ef7\u683c\u5374\u9006\u52bf\u5d29\u8dcc\u3002\u5468\u4e00\uff0c\u5e03\u5170\u7279\u3001\u897f\u5fb7\u5dde\u539f\u6cb9\u53cc\u53cc\u91cd\u632b\uff0c\u8dcc\u5e45\u8fbe 6.5%\uff0c\u540c\u6bd4\u4e0b\u6ed1\u903e 15% \u3002<\/p>\n

\u5bf9\u5168\u7403\u592e\u884c\u800c\u8a00\uff0c\u8fd9\u65e0\u7591\u662f\u4e00\u5927\u5229\u591a\u3002\u539f\u672c\u5e02\u573a\u62c5\u5fe7\u6cb9\u4ef7\u98d9\u5347\u5c06\u5e26\u52a8\u300c\u4e8c\u9636\u6548\u5e94\u300d\uff08second-order effects\uff09\uff0c\u5982\u8fd0\u8f93\u6210\u672c\u3001\u539f\u7269\u6599\u4ef7\u683c\u3001\u4eba\u529b\u85aa\u8d44\u7b49\u9f50\u6da8\uff0c\u6700\u7ec8\u5bfc\u81f4\u5168\u9762\u901a\u81a8\u3002\u4f46\u5982\u4eca\u6cb9\u4ef7\u5927\u5e45\u56de\u843d\uff0c\u65e0\u7591\u91ca\u653e\u4e86 Fed \u7684\u538b\u529b\uff0c\u4e5f\u66ff\u964d\u606f\u63d0\u4f9b\u4e86\u66f4\u591a\u653f\u7b56\u7a7a\u95f4\u3002<\/p>\n

Wellington Atlus \u9996\u5e2d\u7b56\u7565\u5e08 James E. Thorne \u76f4\u8a00\uff1a\u300c\u539f\u6cb9\u5355\u65e5\u66b4\u8dcc 6.5%\uff0c\u540c\u6bd4\u4e0b\u6ed1 15.41%\uff0c\u8fd9\u5c31\u662f\u901a\u8d27\u7d27\u7f29\u3002\u300d<\/p>\n

\u56db\u3001\u6280\u672f\u6307\u6807\u95ea\u73b0\u770b\u6da8\u8baf\u53f7<\/p>\n

\u9664\u4e86\u57fa\u672c\u9762\u4e0e\u653f\u7b56\u9884\u671f\uff0c\u6280\u672f\u9762\u540c\u6837\u4e0d\u5bb9\u5ffd\u89c6\u3002<\/p>\n

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\"\"<\/p>\n","protected":false},"excerpt":{"rendered":"

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