{"id":44309,"date":"2026-04-09T16:31:13","date_gmt":"2026-04-09T16:31:13","guid":{"rendered":"https:\/\/www.vtmarkets.com\/uncategorized\/44309\/"},"modified":"2026-04-09T16:31:13","modified_gmt":"2026-04-09T16:31:13","slug":"frb%e8%ad%b0%e4%ba%8b%e8%a6%81%e6%97%a8%e3%80%81%e6%85%8e%e9%87%8d%e5%a7%bf%e5%8b%a2%e3%81%ae%e7%b6%99%e7%b6%9a%e7%a4%ba%e5%94%86%e3%80%80%e3%83%aa%e3%82%b9%e3%82%af%e3%81%af%e4%b8%80%e6%ae%b5","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/jp-asia\/live-updates\/44309\/","title":{"rendered":"FRB\u8b70\u4e8b\u8981\u65e8\u3001\u614e\u91cd\u59ff\u52e2\u306e\u7d99\u7d9a\u793a\u5506\u3000\u30ea\u30b9\u30af\u306f\u4e00\u6bb5\u3068\u5747\u8861\u3057\u653f\u7b56\u5f53\u5c40\u306f\u69d8\u5b50\u898b\u59ff\u52e2\u306b"},"content":{"rendered":"

FRB\uff08\u7c73\u9023\u90a6\u6e96\u5099\u5236\u5ea6\u7406\u4e8b\u4f1a\uff09\u304c\u516c\u8868\u3057\u305f3\u6708\u4f1a\u5408\u306e\u8b70\u4e8b\u8981\u65e8\u306b\u3088\u308b\u3068\u3001\u591a\u304f\u306e\u653f\u7b56\u62c5\u5f53\u8005\u304c\u653f\u7b56\u91d1\u5229\u306e\u636e\u3048\u7f6e\u304d\u3092\u652f\u6301\u3057\u3001\u30d5\u30a7\u30c7\u30e9\u30eb\u30d5\u30a1\u30f3\u30c9\uff08FF\uff09\u91d1\u5229\u306e\u8a98\u5c0e\u76ee\u6a19\u30ec\u30f3\u30b8\u306f3.50\uff05\uff5e3.75\uff05\u306b\u7dad\u6301\u3055\u308c\u305f\u3002\u591a\u304f\u306e\u53c2\u52a0\u8005\u306f\u3001\u91d1\u878d\u653f\u7b56\u304c\u300c\u4e2d\u7acb\u91d1\u5229\uff08\u666f\u6c17\u3092\u904e\u71b1\u3082\u51b7\u3084\u3057\u3082\u3057\u306a\u3044\u91d1\u5229\u6c34\u6e96\uff09\u300d\u306e\u60f3\u5b9a\u7bc4\u56f2\u5185\u306b\u3042\u308b\u53ef\u80fd\u6027\u304c\u9ad8\u3044\u3068\u5224\u65ad\u3057\u3066\u304a\u308a\u3001\u8ffd\u52a0\u5229\u4e0a\u3052\u306e\u30cf\u30fc\u30c9\u30eb\u304c\u4e0a\u304c\u3063\u3066\u3044\u308b\u3002<\/p>\n

\u5f53\u5c40\u8005\u306f\u3001\u30a4\u30f3\u30d5\u30ec\u304c\u920d\u5316\u3059\u308c\u3070\u5229\u4e0b\u3052\u3082\u3042\u308a\u5f97\u308b\u3068\u3044\u3046\u300c\u4e21\u306b\u3089\u307f\u300d\u306e\u59ff\u52e2\u3092\u8b70\u8ad6\u3057\u305f\u304c\u3001\u5b9f\u65bd\u306b\u306f\u6761\u4ef6\u304c\u4ed8\u304f\u3068\u3057\u305f\u3002\u5927\u591a\u6570\u306f\u3001\u539f\u6cb9\u9ad8\u3084\u5e45\u5e83\u3044\u7269\u4fa1\u4e0a\u6607\u5727\u529b\u306b\u3088\u308a\u3001\u30a4\u30f3\u30d5\u30ec\u9ad8\u6b62\u307e\u308a\u304c\u9577\u5f15\u304f\u30ea\u30b9\u30af\u3092\u8b66\u544a\u3057\u305f\u3002<\/p>\n

Fed Policy Outlook<\/h3>\n

\u4e00\u90e8\u306e\u53c2\u52a0\u8005\u306f\u3001\u30a4\u30f3\u30d5\u30ec\u304c\u6839\u5f37\u3044\u3068\u306e\u61f8\u5ff5\u304b\u3089\u3001\u5229\u4e0b\u3052\u306e\u6642\u671f\u3092\u5f8c\u308d\u5012\u3057\u3059\u3079\u304d\u3060\u3068\u4e3b\u5f35\u3057\u305f\u3002\u7d4c\u6e08\u898b\u901a\u3057\uff08SEP\u3001\u653f\u7b56\u62c5\u5f53\u8005\u306e\u6210\u9577\u7387\u30fb\u7269\u4fa1\u30fb\u91d1\u5229\u898b\u901a\u3057\u306e\u96c6\u8a08\uff09\u3067\u306f\u30012026\u5e74\u306b\u304b\u3051\u3066\u30a4\u30f3\u30d5\u30ec\u7387\u306e\u898b\u901a\u3057\u304c\u4e0a\u632f\u308c\u3057\u3001\u9577\u671f\u306e\u91d1\u5229\u898b\u901a\u3057\u3082\u308f\u305a\u304b\u306b\u5f15\u304d\u4e0a\u3052\u3089\u308c\u305f\u3002<\/p>\n

\u8b70\u4e8b\u8981\u65e8\u3067\u306f\u3001\u5e74\u521d\u6642\u70b9\u3088\u308a\u6210\u9577\u898b\u901a\u3057\u304c\u5f31\u307e\u308a\u3001\u52b4\u50cd\u5e02\u5834\u30ea\u30b9\u30af\u3078\u306e\u6ce8\u610f\u304c\u5f37\u307e\u3063\u305f\u3053\u3068\u3082\u793a\u3055\u308c\u305f\u3002\u5730\u653f\u5b66\u7684\u306a\u885d\u6483\u304c\u96c7\u7528\u3092\u6291\u3048\u3001\u5229\u4e0b\u3052\u3092\u5f8c\u62bc\u3057\u3059\u308b\u53ef\u80fd\u6027\u304c\u3042\u308b\u3068\u306e\u6307\u6458\u3082\u3042\u3063\u305f\u3002<\/p>\n

\u4e2d\u6771\u60c5\u52e2\u306e\u4e0d\u78ba\u5b9f\u6027\u306f\u8a55\u4fa1\u304c\u96e3\u3057\u3044\u3068\u3055\u308c\u3001FRB\u306e\u300c\u4e8c\u3064\u306e\u8cac\u52d9\uff08\u7269\u4fa1\u5b89\u5b9a\u3068\u96c7\u7528\u6700\u5927\u5316\uff09\u300d\u306e\u4e21\u9762\u3067\u30ea\u30b9\u30af\u304c\u9ad8\u307e\u3063\u3066\u3044\u308b\u3068\u3057\u305f\u30023\u670817\uff5e18\u65e5\u4f1a\u5408\u306e\u8b70\u4e8b\u8981\u65e8\u306f\u6c34\u66dc\u65e518:00\uff08GMT\uff09\u306b\u516c\u8868\u4e88\u5b9a\u3068\u3055\u308c\u305f\u3002<\/p>\n

\u7c73\u30c9\u30eb\u6307\u6570\u306f\u3001200\u65e5\u5358\u7d14\u79fb\u52d5\u5e73\u5747\u7dda\uff08SMA\u3001\u4e00\u5b9a\u671f\u9593\u306e\u7d42\u5024\u5e73\u5747\u3067\u30c8\u30ec\u30f3\u30c9\u3092\u898b\u308b\u6307\u6a19\uff09\u306b\u8fd1\u304498.50\u4ed8\u8fd1\u307e\u3067\u4e0b\u843d\u3057\u305f\u5f8c\u300199.00\u8fd1\u8fba\u3067\u63a8\u79fb\u3057\u305f\u3002\u5e02\u5834\u3067\u306f\u3001\u5e74\u5185\u306e\u5229\u4e0b\u3052\u306f1\u56de\u307e\u305f\u306f\u30bc\u30ed\u3068\u306e\u898b\u65b9\u304c\u5e83\u304c\u308a\u3001\u7c73\u56fd\u50b5\u5229\u56de\u308a\uff08\u56fd\u50b5\u306e\u5229\u606f\u6c34\u6e96\u3092\u793a\u3059\u6307\u6a19\uff09\u306f\u4f4e\u4e0b\u3057\u305f\u3002<\/p>\n

Market Implications<\/h3>\n

FRB\u306e\u300c\u69d8\u5b50\u898b\u300d\u59ff\u52e2\u306b\u3088\u308a\u3001\u4e0d\u78ba\u5b9f\u6027\u304c\u9ad8\u3044\u5c40\u9762\u304c\u7d9a\u304f\u30023\u6708\u306e\u6d88\u8cbb\u8005\u7269\u4fa1\u6307\u6570\uff08CPI\uff09\u306f\u30a4\u30f3\u30d5\u30ec\u7387\u304c3.8\uff05\u3068\u920d\u5316\u3057\u306b\u304f\u3044\u5185\u5bb9\u3067\u3001\u91d1\u5229\u636e\u3048\u7f6e\u304d\u3092\u5f8c\u62bc\u3057\u3059\u308b\u3002\u4e00\u65b9\u3001\u6700\u65b0\u306e\u96c7\u7528\u7d71\u8a08\u3067\u306f\u65b0\u898f\u96c7\u7528\u8005\u6570\uff08\u975e\u8fb2\u696d\u90e8\u9580\u96c7\u7528\u8005\u6570\uff09\u304c17.5\u4e07\u4eba\u5897\u306b\u3068\u3069\u307e\u308a\u3001\u52b4\u50cd\u5e02\u5834\u306e\u6e1b\u901f\u304c\u610f\u8b58\u3055\u308c\u3001\u666f\u6c17\u304c\u4e00\u6bb5\u3068\u5f31\u307e\u308c\u3070\u6b21\u306e\u4e00\u624b\u304c\u5229\u4e0b\u3052\u306b\u306a\u308a\u5f97\u308b\u3068\u306e\u898b\u65b9\u3092\u652f\u3048\u3066\u3044\u308b\u3002<\/p>\n

\u91d1\u5229\u30c7\u30ea\u30d0\u30c6\u30a3\u30d6\uff08\u91d1\u5229\u306e\u5148\u7269\u3084\u30aa\u30d7\u30b7\u30e7\u30f3\u306a\u3069\u3001\u91d1\u5229\u5909\u52d5\u3092\u53d6\u5f15\u3059\u308b\u91d1\u878d\u5546\u54c1\uff09\u3067\u306f\u3001\u65b9\u5411\u611f\u3088\u308a\u3082\u300c\u5909\u52d5\u6027\uff08\u5024\u52d5\u304d\u306e\u5927\u304d\u3055\uff09\u300d\u304c\u7126\u70b9\u306b\u306a\u308a\u3084\u3059\u3044\u3002\u5e02\u5834\u306f\u5e74\u672b\u307e\u3067\u306e\u5229\u4e0b\u3052\u3092\u307b\u3068\u3093\u3069\u7e54\u308a\u8fbc\u3093\u3067\u304a\u3089\u305a\u3001SOFR\u5148\u7269\uff08\u62c5\u4fdd\u4ed8\u304d\u7fcc\u65e5\u7269\u8cc7\u91d1\u8abf\u9054\u91d1\u5229\u3092\u57fa\u6e96\u306b\u3057\u305f\u91d1\u5229\u5148\u7269\uff09\u306e\u30aa\u30d7\u30b7\u30e7\u30f3\u304c\u6709\u52b9\u306a\u624b\u6bb5\u306b\u306a\u308a\u5f97\u308b\u3002\u5229\u56de\u308a\u898b\u901a\u3057\u304c\u5927\u304d\u304f\u52d5\u304f\u5c40\u9762\u3067\u5229\u76ca\u3092\u72d9\u3046\u3001\u30b9\u30c8\u30e9\u30c9\u30eb\uff08\u540c\u3058\u6e80\u671f\u30fb\u6a29\u5229\u884c\u4f7f\u4fa1\u683c\u306e\u30b3\u30fc\u30eb\u3068\u30d7\u30c3\u30c8\u3092\u540c\u6642\u306b\u8cb7\u3044\u3001\u4e0a\u4e0b\u3069\u3061\u3089\u306e\u5927\u304d\u306a\u52d5\u304d\u3067\u3082\u5229\u76ca\u3092\u72d9\u3046\u6226\u7565\uff09\u306a\u3069\u304c\u3001\u91cd\u8981\u306a\u7269\u4fa1\u30fb\u96c7\u7528\u6307\u6a19\u306e\u767a\u8868\u3092\u524d\u306b\u5897\u3048\u3066\u3044\u308b\u3002<\/p>\n

\u70ba\u66ff\u5e02\u5834\u3067\u306f\u3001\u7c73\u30c9\u30eb\u6307\u6570\u306f99.00\u4ed8\u8fd1\u3067\u65b9\u5411\u611f\u3092\u6b20\u304d\u30012024\u5e74\u306e\u591a\u304f\u306e\u671f\u9593\u306b\u898b\u3089\u308c\u305f104\uff5e106\u306e\u30ec\u30f3\u30b8\u304b\u3089\u5927\u304d\u304f\u4f4e\u4e0b\u3057\u3066\u3044\u308b\u3002\u3053\u308c\u306f\u3001\u30a4\u30f3\u30d5\u30ec\u518d\u71c3\u306a\u3089\u30c9\u30eb\u9ad8\u306b\u632f\u308c\u5f97\u308b\u4e00\u65b9\u3001\u666f\u6c17\u5931\u901f\u306a\u3089\u30c9\u30eb\u5b89\u304c\u9032\u307f\u5f97\u308b\u3068\u3044\u3046\u3001FRB\u3092\u53d6\u308a\u5dfb\u304f\u30ea\u30b9\u30af\u304c\u62ee\u6297\u3057\u3066\u3044\u308b\u3053\u3068\u3092\u6620\u3059\u3002\u660e\u78ba\u306a\u6750\u6599\u304c\u51fa\u308b\u307e\u3067\u3001EUR\/USD\u306a\u3069\u4e3b\u8981\u901a\u8ca8\u30da\u30a2\u306f\u3001\u30aa\u30d7\u30b7\u30e7\u30f3\u3092\u4f7f\u3063\u305f\u30ec\u30f3\u30b8\u578b\u306e\u5bfe\u5fdc\u304c\u7121\u96e3\u3068\u307f\u3089\u308c\u308b\u3002<\/p>\n

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