{"id":46553,"date":"2026-05-07T00:42:36","date_gmt":"2026-05-07T00:42:36","guid":{"rendered":"https:\/\/www.vtmarkets.com\/uncategorized\/46553\/"},"modified":"2026-05-07T00:42:36","modified_gmt":"2026-05-07T00:42:36","slug":"%e3%82%b0%e3%83%bc%e3%83%ab%e3%82%ba%e3%83%93%e3%83%bc%e6%b0%8f%e3%80%81%e7%94%9f%e7%94%a3%e6%80%a7%e3%81%8c%e3%82%a4%e3%83%b3%e3%83%95%e3%83%ac%e3%81%ab%e4%b8%8e%e3%81%88%e3%82%8b%e5%bd%b1%e9%9f%bf","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/jp-asia\/live-updates\/46553\/","title":{"rendered":"\u30b0\u30fc\u30eb\u30ba\u30d3\u30fc\u6c0f\u3001\u751f\u7523\u6027\u304c\u30a4\u30f3\u30d5\u30ec\u306b\u4e0e\u3048\u308b\u5f71\u97ff\u3092\u5de1\u308bFRB\u5185\u306e\u8b70\u8ad6\u306b\u8a00\u53ca\u3000\u5e02\u5834\u306f\u30dc\u30e9\u30c6\u30a3\u30ea\u30c6\u30a3\u6025\u4e0a\u6607\u306b\u5099\u3048\u308b"},"content":{"rendered":"

\u7c73\u30b7\u30ab\u30b4\u9023\u90a6\u6e96\u5099\u9280\u884c\u306e\u30aa\u30fc\u30b9\u30bf\u30f3\u30fb\u30b0\u30fc\u30eb\u30ba\u30d3\u30fc\u7dcf\u88c1\u306f\u6c34\u66dc\u65e5\u3001\u30ab\u30ea\u30d5\u30a9\u30eb\u30cb\u30a2\u3067\u958b\u304b\u308c\u305f2026\u5e74\u30df\u30eb\u30b1\u30f3\u7814\u7a76\u6240\u30b0\u30ed\u30fc\u30d0\u30eb\u30fb\u30ab\u30f3\u30d5\u30a1\u30ec\u30f3\u30b9\u3067\u8b1b\u6f14\u3057\u3001\u751f\u7523\u6027\uff08\u50cd\u3044\u305f\u6642\u9593\u3042\u305f\u308a\u306b\u3069\u308c\u3060\u3051\u306e\u4ed8\u52a0\u4fa1\u5024\u3092\u751f\u307f\u51fa\u305b\u308b\u304b\uff09\u306e\u4e0a\u6607\u304c\u30a4\u30f3\u30d5\u30ec\uff08\u7269\u4fa1\u306e\u4e0a\u6607\uff09\u306b\u4e0e\u3048\u308b\u5f71\u97ff\u306b\u3064\u3044\u3066\u3001\u7c73\u9023\u90a6\u6e96\u5099\u5236\u5ea6\u7406\u4e8b\u4f1a\uff08FRB\uff09\u304c\u8b70\u8ad6\u3092\u7d9a\u3051\u3066\u3044\u308b\u3068\u8ff0\u3079\u305f\u3002<\/p>\n

\u540c\u7dcf\u88c1\u306f\u3001\u5bb6\u8a08\u304c\u300c\u751f\u7523\u6027\u306e\u4e0a\u6607\u306b\u3088\u3063\u3066\u5c06\u6765\u306e\u6240\u5f97\u3084\u8cc7\u7523\u304c\u5897\u3048\u308b\u300d\u3068\u898b\u8fbc\u3081\u3070\u652f\u51fa\u3092\u5897\u3084\u3059\u53ef\u80fd\u6027\u304c\u3042\u308a\u3001\u305d\u308c\u304c\u30a4\u30f3\u30d5\u30ec\u5727\u529b\u306b\u3064\u306a\u304c\u308a\u5f97\u308b\u3068\u6307\u6458\u3057\u305f\u3002<\/p>\n

Productivity Inflation Debate<\/h3>\n

\u3055\u3089\u306b\u540c\u7dcf\u88c1\u306f\u3001\u751f\u7523\u6027\u306f\u30a4\u30f3\u30d5\u30ec\u3084\u91d1\u5229\uff08\u8cc7\u91d1\u306e\u8cb8\u3057\u501f\u308a\u306e\u5bfe\u4fa1\uff09\u3092\u62bc\u3057\u4e0a\u3052\u308b\u5834\u5408\u3082\u62bc\u3057\u4e0b\u3052\u308b\u5834\u5408\u3082\u3042\u308a\u3001\u3069\u3061\u3089\u306b\u50cd\u304f\u304b\u306f\u4eca\u5f8c\u306e\u5c55\u958b\u6b21\u7b2c\u3060\u3068\u52a0\u3048\u305f\u3002<\/p>\n

FRB\u5185\u3067\u300c\u751f\u7523\u6027\u306e\u4e0a\u6607\u304c\u30a4\u30f3\u30d5\u30ec\u3092\u5f37\u3081\u308b\u306e\u304b\u3001\u6291\u3048\u308b\u306e\u304b\u300d\u3067\u898b\u89e3\u304c\u5272\u308c\u3066\u3044\u308b\u3053\u3068\u306f\u3001\u5e02\u5834\uff08\u6295\u8cc7\u5bb6\u304c\u58f2\u8cb7\u3059\u308b\u5834\uff09\u306b\u4e0d\u900f\u660e\u611f\u3092\u3082\u305f\u3089\u3057\u3066\u3044\u308b\u30022026\u5e741\u301c3\u6708\u671f\u306e\u975e\u8fb2\u696d\u90e8\u9580\u306e\u751f\u7523\u6027\u306f\u5e74\u7387\u63db\u7b97\u30673.5%\u5897\u3068\u5927\u304d\u304f\u4f38\u3073\u305f\u4e00\u65b9\u30014\u6708\u306eCPI\uff08\u6d88\u8cbb\u8005\u7269\u4fa1\u6307\u6570\u3001\u4ee3\u8868\u7684\u306a\u7269\u4fa1\u6307\u6a19\uff09\u306f3.1%\u3068\u9ad8\u6b62\u307e\u308a\u3057\u3001FRB\u306e\u6b21\u306e\u5224\u65ad\u306f\u8aad\u307f\u306b\u304f\u3044\u3002\u4eca\u5f8c\u306e\u7269\u4fa1\u6307\u6a19\u3084\u96c7\u7528\u7d71\u8a08\u306e\u516c\u8868\u306f\u3001\u5e02\u5834\u306e\u53cd\u5fdc\u304c\u5927\u304d\u304f\u306a\u308a\u3084\u3059\u3044\u3002<\/p>\n

\u3053\u306e\u4e0d\u900f\u660e\u611f\u3092\u80cc\u666f\u306b\u3001\u5024\u52d5\u304d\u306e\u5927\u304d\u3055\uff08\u30dc\u30e9\u30c6\u30a3\u30ea\u30c6\u30a3\uff09\u306e\u4e0a\u6607\u304c\u610f\u8b58\u3055\u308c\u308b\u3002VIX\uff08\u7c73\u682a\u5f0f\u5e02\u5834\u306e\u4e88\u60f3\u5909\u52d5\u7387\u3092\u793a\u3059\u6307\u6570\uff09\u306f17\u8fd1\u8fba\u3067\u63a8\u79fb\u3057\u3066\u3044\u308b\u304c\u3001\u6b21\u56deFOMC\uff08\u91d1\u878d\u653f\u7b56\u3092\u6c7a\u3081\u308b\u4f1a\u5408\uff09\u3092\u524d\u306b20\u3092\u4e0a\u56de\u308b\u5834\u9762\u304c\u60f3\u5b9a\u3055\u308c\u308b\u3002\u30c7\u30ea\u30d0\u30c6\u30a3\u30d6\uff08\u682a\u4fa1\u6307\u6570\u3084\u91d1\u5229\u306a\u3069\u3092\u3082\u3068\u306b\u5024\u6bb5\u304c\u6c7a\u307e\u308b\u91d1\u878d\u5546\u54c1\uff09\u3092\u6271\u3046\u6295\u8cc7\u5bb6\u306b\u3068\u3063\u3066\u306f\u3001VIX\u306e\u30b3\u30fc\u30eb\u30aa\u30d7\u30b7\u30e7\u30f3\uff08\u5c06\u6765\u3001\u3042\u3089\u304b\u3058\u3081\u6c7a\u3081\u305f\u4fa1\u683c\u3067\u8cb7\u3046\u6a29\u5229\uff09\u306a\u3069\u3001\u4e0a\u6607\u5c40\u9762\u3067\u5229\u76ca\u304c\u51fa\u3084\u3059\u3044\u5546\u54c1\u3092\u4f7f\u3046\u9078\u629e\u80a2\u304c\u3042\u308b\u3002<\/p>\n

\u91d1\u5229\u30c7\u30ea\u30d0\u30c6\u30a3\u30d6\u5e02\u5834\u306b\u3082\u8ff7\u3044\u304c\u8868\u308c\u3066\u3044\u308b\u3002FF\u91d1\u5229\u5148\u7269\uff08\u653f\u7b56\u91d1\u5229\u306e\u898b\u901a\u3057\u3092\u7e54\u308a\u8fbc\u3080\u5148\u7269\uff09\u3067\u306f\u3001\u590f\u306e\u7d42\u76e4\u306b\u304b\u3051\u3066\u300c\u636e\u3048\u7f6e\u304d\u300d\u3068\u300c\u5229\u4e0a\u3052\u300d\u306e\u78ba\u7387\u304c\u62ee\u6297\u3057\u3066\u3044\u308b\u3002\u65b9\u5411\u6027\u304c\u8aad\u307f\u306b\u304f\u3044\u5c40\u9762\u3067\u306f\u3001\u3069\u3061\u3089\u306b\u5927\u304d\u304f\u52d5\u3044\u3066\u3082\u5229\u76ca\u306b\u306a\u308a\u5f97\u308b\u30aa\u30d7\u30b7\u30e7\u30f3\u6226\u7565\u304c\u4f7f\u308f\u308c\u308b\u3002\u305f\u3068\u3048\u3070SOFR\u5148\u7269\uff08\u7c73\u56fd\u306e\u77ed\u671f\u91d1\u5229\u6307\u6a19SOFR\u306b\u9023\u52d5\u3059\u308b\u5148\u7269\uff09\u3067\u3001\u30b9\u30c8\u30e9\u30c9\u30eb\uff08\u540c\u3058\u884c\u4f7f\u4fa1\u683c\u306e\u30b3\u30fc\u30eb\u3068\u30d7\u30c3\u30c8\u3092\u540c\u6642\u306b\u8cb7\u3046\uff09\u3084\u30b9\u30c8\u30e9\u30f3\u30b0\u30eb\uff08\u7570\u306a\u308b\u884c\u4f7f\u4fa1\u683c\u306e\u30b3\u30fc\u30eb\u3068\u30d7\u30c3\u30c8\u3092\u540c\u6642\u306b\u8cb7\u3046\uff09\u3092\u7d44\u3080\u65b9\u6cd5\u3060\u3002FRB\u304c\u30a4\u30f3\u30d5\u30ec\u5bfe\u5fdc\u3067\u5229\u4e0a\u3052\u305b\u3056\u308b\u3092\u5f97\u306a\u3044\u5834\u5408\u306b\u3082\u3001\u751f\u7523\u6027\u306e\u6539\u5584\u3067\u7269\u4fa1\u304c\u6291\u3048\u3089\u308c\u636e\u3048\u7f6e\u304d\u306b\u306a\u308b\u5834\u5408\u306b\u3082\u3001\u3069\u3061\u3089\u306e\u52d5\u304d\u306b\u3082\u5099\u3048\u3089\u308c\u308b\u3002<\/p>\n

Market Hedging Strategies<\/h3>\n

\u682a\u5f0f\u306e\u89b3\u70b9\u3067\u306f\u30012\u3064\u306e\u30b7\u30ca\u30ea\u30aa\u3067\u682a\u4fa1\u306e\u65b9\u5411\u304c\u5927\u304d\u304f\u5206\u304b\u308c\u3084\u3059\u3044\u30022022\u301c2024\u5e74\u306b\u898b\u3089\u308c\u305f\u3088\u3046\u306b\u3001\u5e02\u5834\u306fFRB\u306e\u653f\u7b56\u8ee2\u63db\u306b\u654f\u611f\u3067\u3001\u8db3\u5143\u306e\u74b0\u5883\u3082\u4f3c\u3066\u3044\u308b\u3002\u4fdd\u6709\u682a\u306e\u4e0b\u843d\u30ea\u30b9\u30af\u3092\u6291\u3048\u308b\u624b\u6bb5\u3068\u3057\u3066\u306f\u3001S&P500\u306a\u3069\u682a\u4fa1\u6307\u6570\u306e\u30a2\u30a6\u30c8\u30fb\u30aa\u30d6\u30fb\u30b6\u30fb\u30de\u30cd\u30fc\u306e\u30d7\u30c3\u30c8\uff08\u73fe\u72b6\u3088\u308a\u4f4e\u3044\u884c\u4f7f\u4fa1\u683c\u306e\u58f2\u308b\u6a29\u5229\uff09\u306b\u3088\u308b\u30d8\u30c3\u30b8\uff08\u640d\u5931\u3092\u6291\u3048\u308b\u5bfe\u7b56\uff09\u304c\u3001\u30bf\u30ab\u6d3e\uff08\u91d1\u878d\u5f15\u304d\u7de0\u3081\u306b\u524d\u5411\u304d\uff09\u5224\u65ad\u304c\u51fa\u305f\u5834\u5408\u306e\u4fdd\u967a\u3068\u3057\u3066\u76f8\u5bfe\u7684\u306b\u4f4e\u30b3\u30b9\u30c8\u306b\u306a\u308a\u3084\u3059\u3044\u3002<\/p>\n

\u904e\u53bb\u3092\u632f\u308a\u8fd4\u308b\u3068\u30011990\u5e74\u4ee3\u5f8c\u534a\u306f\u751f\u7523\u6027\u306e\u4e0a\u6607\u304c\u3042\u3063\u3066\u3082\u30a4\u30f3\u30d5\u30ec\u304c\u6025\u62e1\u5927\u3057\u306a\u3044\u5c40\u9762\u304c\u3042\u3063\u305f\u3002\u4e00\u65b9\u30012022\u5e74\u306e\u30b5\u30d7\u30e9\u30a4\u30c1\u30a7\u30fc\u30f3\uff08\u4f9b\u7d66\u7db2\uff09\u306e\u6df7\u4e71\u306f\u5225\u306e\u5c40\u9762\u3092\u793a\u3057\u305f\u3002\u8cc3\u91d1\u306e\u4f38\u3073\u306f\u5e74\u73874.2%\u3068\u306a\u3063\u3066\u304a\u308a\u3001\u751f\u7523\u6027\u306e\u4e0a\u6607\u304c\u6d88\u8cbb\u9700\u8981\u306e\u62e1\u5927\u3068\u7269\u4fa1\u62bc\u3057\u4e0a\u3052\u306b\u7d50\u3073\u3064\u3044\u3066\u3044\u308b\u53ef\u80fd\u6027\u3092\u793a\u5506\u3059\u308b\u3002\u5e02\u5834\u304c\u7e54\u308a\u8fbc\u307f\u304d\u308c\u3066\u3044\u306a\u3044\u30a4\u30f3\u30d5\u30ec\u5bc4\u308a\u306e\u30ea\u30b9\u30af\u304c\u6b8b\u308b\u3002<\/p>\n","protected":false},"excerpt":{"rendered":"

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