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TD Securities \u6307\u51fa\uff0c\u7f8e\u56fd\u672c\u5468\u5c06\u8fce\u6765\u5bc6\u96c6\u6570\u636e\u5468\uff0c\u6db5\u76d6\u56fd\u5185\u751f\u4ea7\u603b\u503c\uff08GDP\uff0c\u8861\u91cf\u4e00\u56fd\u7ecf\u6d4e\u603b\u4ea7\u51fa\uff09\u3001PCE\u7269\u4ef7\u6307\u6570\uff08\u4e2a\u4eba\u6d88\u8d39\u652f\u51fa\u7269\u4ef7\u6307\u6570\uff0c\u7f8e\u8054\u50a8\u5e38\u7528\u7684\u901a\u80c0\u6307\u6807\uff09\u3001ISM\u5236\u9020\u4e1a\u6307\u6570\uff08\u4f9b\u5e94\u7ba1\u7406\u534f\u4f1a\u7684\u5236\u9020\u4e1a\u666f\u6c14\u6307\u6807\uff09\u4e0e\u6d88\u8d39\u8005\u4fe1\u5fc3\uff1b\u540c\u65f6\u8fd8\u6709\u8010\u7528\u54c1\u8ba2\u5355\uff08\u4f7f\u7528\u5bff\u547d\u8f83\u957f\u5546\u54c1\u7684\u8ba2\u5355\uff0c\u53cd\u6620\u4f01\u4e1a\u4e0e\u5bb6\u5ead\u7684\u91c7\u8d2d\u610f\u613f\uff09\u3001\u8d38\u6613\u6570\u636e\u3001\u623f\u5c4b\u6570\u636e\u4e0e\u5404\u5730\u533a\u8054\u50a8\u8c03\u67e5\u3002\u8fd9\u4e9b\u6570\u636e\u9884\u8ba1\u5c06\u5f71\u54cd\u7f8e\u5143\u7684\u77ed\u671f\u8d70\u52bf\u3002<\/p>\n

\u672c\u5468\u6570\u636e\u9884\u8ba1\u4f1a\u663e\u73b0\u4f0a\u6717\u51b2\u7a81\u7684\u521d\u6b65\u5f71\u54cd\uff1a\u6cb9\u4ef7\u4e0a\u5347\u4e0e\u5173\u7a0e\u538b\u529b\u3002\u5e02\u573a\u9884\u671f\u8fd9\u5c06\u63a8\u9ad8\u603b\u4f53\u901a\u80c0\uff08headline inflation\uff0c\u5305\u542b\u80fd\u6e90\u4e0e\u98df\u54c1\u7684\u901a\u80c0\uff09\uff0c\u5e76\u5728\u540d\u4e49\u5c42\u9762\u652f\u6301\u6d88\u8d39\u652f\u51fa\uff08nominal spending\uff0c\u672a\u6263\u9664\u901a\u80c0\u7684\u91d1\u989d\uff09\uff0c\u4f46\u4f1a\u538b\u4f4e\u5b9e\u9645\u652f\u51fa\uff08real spending\uff0c\u6263\u9664\u901a\u80c0\u540e\u7684\u8d2d\u4e70\u529b\uff09\u3002<\/p>\n

\u5173\u952e\u901a\u80c0\u4e0e\u652f\u51fa\u4fe1\u53f7<\/h3>\n

\u5e02\u573a\u9884\u6d4b\uff0c3\u6708\u6838\u5fc3PCE\u901a\u80c0\uff08core PCE\uff0c\u5254\u9664\u98df\u54c1\u4e0e\u80fd\u6e90\u7684\u901a\u80c0\uff09\u4e3a0.26%\uff08\u6708\u6bd4\uff0cm\/m\uff09\u4e0e3.2%\uff08\u5e74\u6bd4\uff0cy\/y\uff09\uff1b\u603b\u4f53PCE\u4e3a0.64%\uff08\u6708\u6bd4\uff09\u4e0e3.5%\uff08\u5e74\u6bd4\uff09\u3002\u4e2a\u4eba\u652f\u51fa\u9884\u8ba1\u4e3a0.7%\uff0c\u800c\u5b9e\u9645\u652f\u51fa\u9884\u8ba1\u4ec50.1%\u3002<\/p>\n

\u7b2c\u4e00\u5b63GDP\u9884\u8ba1\u6309\u5e74\u7387\uff08annualised\uff0c\u628a\u5b63\u5ea6\u589e\u901f\u6362\u7b97\u6210\u5e74\u5316\uff09\u8ba1\u7b97\u5c06\u56de\u5347\u81f32.2%\uff08\u5b63\u5ea6\u73af\u6bd4\uff0cq\/q\uff09\uff0c\u6b64\u524d\u7b2c\u56db\u5b63\u4e3a0.5%\uff0c\u4e3b\u8981\u7531\u653f\u5e9c\u652f\u51fa\u5728\u505c\u6446\uff08shutdown\uff0c\u653f\u5e9c\u90e8\u5206\u673a\u6784\u505c\u5de5\uff09\u540e\u53cd\u5f39\u5e26\u52a8\u3002GDP\u4e2d\u7684\u6d88\u8d39\u8005\u652f\u51fa\u9884\u8ba1\u653e\u7f13\u81f31%\u3002<\/p>\n

ISM\u5236\u9020\u4e1a\u6307\u6570\u9884\u8ba1\u5347\u81f353.5\uff0c\u5c3d\u7ba1\u6295\u5165\u6210\u672c\u4e0a\u5347\u3002\u6d88\u8d39\u8005\u4fe1\u5fc3\u9884\u8ba1\u56e0\u6c7d\u6cb9\u4ef7\u683c\u66f4\u9ad8\u800c\u5c0f\u5e45\u8d70\u4f4e\u3002<\/p>\n

\u5bf9\u4ea4\u6613\u8005\u7684\u5e02\u573a\u542b\u4e49<\/h3>\n

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\u7531\u4e8e\u901a\u80c0\u9650\u5236\u7f8e\u8054\u50a8\u64cd\u4f5c\u7a7a\u95f4\uff0c\u964d\u606f\u9884\u671f\u88ab\u5ef6\u540e\uff1b\u8054\u90a6\u57fa\u91d1\u671f\u8d27\uff08Fed Funds futures\uff0c\u7528\u4e8e\u62bc\u6ce8\u653f\u7b56\u5229\u7387\u8def\u5f84\u7684\u5408\u7ea6\uff09\u76ee\u524d\u628a\u9996\u6b21\u53ef\u80fd\u884c\u52a8\u5b9a\u4ef7\u52302027\u5e74\u521d\u3002\u653f\u7b56\u4e0d\u786e\u5b9a\u6027\u4ee4VIX\uff08\u6ce2\u52a8\u7387\u6307\u6570\uff0c\u5e38\u88ab\u79f0\u4e3a\u201c\u6050\u614c\u6307\u6570\u201d\uff09\u4ece\u7ea614\u56de\u5347\u541118\u3002\u4ea4\u6613\u8005\u53ef\u8003\u8651\u4e70\u5165SPX\uff08\u6807\u666e500\u6307\u6570\uff09\u7b49\u5927\u76d8\u6307\u6570\u7684\u770b\u8dcc\u671f\u6743\uff08puts\uff0c\u4ef7\u683c\u4e0b\u8dcc\u65f6\u83b7\u5229\u7684\u671f\u6743\uff09\u4f5c\u4e3a\u5bf9\u51b2\uff0c\u4ee5\u9632\u6ede\u80c0\u538b\u529b\u5f15\u53d1\u4e0b\u884c\u3002<\/p>\n

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\u521b\u5efa\u4f60\u7684VT Markets\u771f\u5b9e\u8d26\u6237<\/a>\u00a0\u5e76\u00a0\u7acb\u5373\u5f00\u59cb\u4ea4\u6613<\/a>\u3002 <\/b><\/p>\n","protected":false},"excerpt":{"rendered":"

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