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Reserve&#8217;s Hawkish Outlook<\/h3>\n\n<p>\u622a\u81f32026\u5e747\u67081\u65e5\uff0c\u5e02\u573a\u51fa\u73b0\u663e\u8457\u5206\u5316\uff0c\u884d\u751f\u54c1\u4ea4\u6613\u8005\u9700\u8c28\u614e\u5e94\u5bf9\u3002\u7531\u4e8e\u5bf9\u5de5\u4e1a\u7ecf\u6d4e\u7684\u62c5\u5fe7\uff0c\u9053\u743c\u65af\u6307\u6570\u671f\u8d27\u8868\u73b0\u76f8\u5bf9\u6ede\u540e\uff1b\u800c\u7eb3\u65af\u8fbe\u514b\u671f\u8d27\u4ecd\u53d7\u79d1\u6280\u4e0e\u4eba\u5de5\u667a\u80fd\u5f3a\u52b2\u52a8\u80fd\u63a8\u52a8\u800c\u8d70\u5f3a\u3002\u8fd9\u79cd\u5206\u5316\u2014\u2014\u4ee5\u79d1\u6280\u80a1\u4e3a\u4e3b\u7684\u7eb3\u65af\u8fbe\u514b100\u6307\u6570\u5e74\u521d\u81f3\u4eca\u6da8\u5e45\u8d85\u8fc720%\uff0c\u800c\u9053\u6307\u4ec5\u4e0a\u6da84%\u2014\u2014\u610f\u5473\u7740\u7b56\u7565\u4e0a\u5e94\u66f4\u4fa7\u91cd\u5ef6\u7eed\u79d1\u6280\u5f3a\u52bf\uff0c\u800c\u975e\u66f4\u5e7f\u6cdb\u4e14\u5bf9\u7ecf\u6d4e\u5468\u671f\u66f4\u654f\u611f\u7684\u5e02\u573a\u677f\u5757\u3002<\/p>\n\n<p>\u7f8e\u8054\u50a8\u7684\u9e70\u6d3e\u7acb\u573a\u4ecd\u662f\u5e02\u573a\u7684\u4e3b\u5bfc\u6027\u9006\u98ce\u3002\u8054\u90a6\u57fa\u91d1\u671f\u8d27\u663e\u793a\uff0c9\u6708\u518d\u6b21\u52a0\u606f\u7684\u53ef\u80fd\u6027\u8f83\u9ad8\u3002\u8fd1\u671f\u901a\u80c0\u6570\u636e\u4ea6\u63d0\u4f9b\u652f\u6491\uff0c\u6d88\u8d39\u8005\u4ef7\u683c\u6307\u6570\uff08CPI\uff09\u4ecd\u987d\u56fa\u9ad8\u4e8e\u7f8e\u8054\u50a82%\u7684\u76ee\u6807\u3002\u9700\u4e3a\u5373\u5c06\u516c\u5e03\u7684\u5c31\u4e1a\u6570\u636e\u4ee5\u53ca\u7f8e\u8054\u50a8\u4e3b\u5e2d\u7684\u8868\u6001\u53ef\u80fd\u8fdb\u4e00\u6b65\u5f3a\u5316\u201c\u5229\u7387\u66f4\u9ad8\u3001\u66f4\u4e45\u201d\u7684\u60c5\u5f62\u505a\u597d\u51c6\u5907\uff0c\u8fd9\u5c06\u5927\u6982\u7387\u9650\u5236\u5bf9\u5229\u7387\u66f4\u654f\u611f\u677f\u5757\u7684\u4e0a\u884c\u7a7a\u95f4\u3002<\/p>\n\n<h3>Volatility, 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