{"id":46643,"date":"2026-05-07T21:08:28","date_gmt":"2026-05-07T21:08:28","guid":{"rendered":"https:\/\/www.vtmarkets.com\/uncategorized\/46643\/"},"modified":"2026-05-07T21:08:28","modified_gmt":"2026-05-07T21:08:28","slug":"%e3%82%af%e3%83%aa%e3%83%bc%e3%83%96%e3%83%a9%e3%83%b3%e3%83%89%e9%80%a3%e9%8a%80%e3%81%ae%e3%83%8f%e3%83%9e%e3%83%83%e3%82%af%e7%b7%8f%e8%a3%81%e3%80%81%e3%82%a4%e3%83%a9%e3%83%b3%e6%88%a6%e4%ba%89","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/jp-asia\/live-updates\/46643\/","title":{"rendered":"\u30af\u30ea\u30fc\u30d6\u30e9\u30f3\u30c9\u9023\u9280\u306e\u30cf\u30de\u30c3\u30af\u7dcf\u88c1\u3001\u30a4\u30e9\u30f3\u6226\u4e89\u3068\u30ac\u30bd\u30ea\u30f3\u9ad8\u306b\u3088\u308b\u30a4\u30f3\u30d5\u30ec\u30ea\u30b9\u30af\u3092\u8b66\u6212\u3000\u4e2d\u7acb\u91d1\u5229\u6c34\u6e96\u7dad\u6301\u306e\u59ff\u52e2\u3092\u652f\u6301"},"content":{"rendered":"

\u30af\u30ea\u30fc\u30d6\u30e9\u30f3\u30c9\u9023\u9280\u306e\u30d9\u30b9\u30fb\u30cf\u30de\u30c3\u30af\u7dcf\u88c1\u306f\u6728\u66dc\u65e5\u3001\u516c\u5171\u30e9\u30b8\u30aa\u306e\u30a4\u30f3\u30bf\u30d3\u30e5\u30fc\u3067\u3001\u666f\u6c17\u898b\u901a\u3057\u306b\u306f\u4e0d\u78ba\u5b9f\u6027\u304c\u5927\u304d\u3044\u3068\u8ff0\u3079\u305f\u3002\u3053\u306e\u4e0d\u78ba\u5b9f\u6027\u306f\u3001FRB\uff08\u7c73\u9023\u90a6\u6e96\u5099\u5236\u5ea6\u7406\u4e8b\u4f1a\uff09\u304c\u300c\u4e2d\u7acb\u7684\u300d\u306a\u91d1\u878d\u653f\u7b56\u30b9\u30bf\u30f3\u30b9\uff08\u666f\u6c17\u3092\u62bc\u3057\u4e0a\u3052\u3082\u51b7\u3084\u3057\u3082\u3057\u306a\u3044\u6c34\u6e96\u306e\u653f\u7b56\u904b\u55b6\uff09\u3092\u53d6\u308b\u6839\u62e0\u306b\u306a\u308b\u3068\u3044\u3046\u3002<\/p>\n

\u591a\u304f\u306e\u4eba\u304c\u30ac\u30bd\u30ea\u30f3\u4fa1\u683c\u306e\u4e0a\u6607\u3092\u5b9f\u611f\u3057\u3066\u304a\u308a\u3001\u4eca\u5f8c\u306e\u7269\u4fa1\u4e0a\u6607\u5727\u529b\uff08\u30a4\u30f3\u30d5\u30ec\u306b\u306a\u308a\u3084\u3059\u3044\u529b\uff09\u3092\u61f8\u5ff5\u3057\u3066\u3044\u308b\u3068\u3082\u8a9e\u3063\u305f\u3002\u4fa1\u683c\u4e0a\u6607\u304c\u5bb6\u8a08\u306e\u8cfc\u8cb7\u529b\uff08\u540c\u3058\u6240\u5f97\u3067\u8cb7\u3048\u308b\u91cf\uff09\u3092\u524a\u308a\u3001\u6d88\u8cbb\u3092\u6291\u3048\u3001\u652f\u51fa\u306e\u512a\u5148\u9806\u4f4d\u3092\u4ed8\u3051\u3056\u308b\u3092\u5f97\u306a\u3044\u72b6\u6cc1\u3092\u5f37\u3081\u3066\u3044\u308b\u3068\u3044\u3046\u3002<\/p>\n

Uncertainty Drives A Neutral Fed Stance<\/h3>\n

\u30cf\u30de\u30c3\u30af\u7dcf\u88c1\u306f\u3001\u30a4\u30e9\u30f3\u3067\u306e\u6226\u4e89\u304cFRB\u306e\u300c2\u3064\u306e\u4f7f\u547d\u300d\uff08\u7269\u4fa1\u306e\u5b89\u5b9a\uff1d\u30a4\u30f3\u30d5\u30ec\u6291\u5236\u3001\u6700\u5927\u96c7\u7528\uff1d\u96c7\u7528\u306e\u6539\u5584\uff09\u306e\u4e21\u65b9\u306b\u5f71\u97ff\u3057\u3001\u7269\u4fa1\u4e0a\u6607\u5727\u529b\u304c\u9577\u5f15\u304f\u53ef\u80fd\u6027\u304c\u3042\u308b\u3068\u6307\u6458\u3057\u305f\u3002\u6226\u4e89\u304c\u3069\u306e\u7a0b\u5ea6\u9577\u5f15\u304f\u304b\u3092\u6ce8\u8996\u3057\u3066\u304a\u308a\u3001\u9ad8\u30a4\u30f3\u30d5\u30ec\u304c\u9700\u8981\uff08\u30e2\u30ce\u3084\u30b5\u30fc\u30d3\u30b9\u3092\u8cb7\u3046\u529b\uff09\u3092\u6291\u3048\u59cb\u3081\u308b\u53ef\u80fd\u6027\u306b\u3082\u8a00\u53ca\u3057\u305f\u3002<\/p>\n

\u307e\u305f\u3001FRB\u4f1a\u5408\u3067\u306f\u5916\u304b\u3089\u898b\u3048\u308b\u307b\u3069\u610f\u898b\u306e\u98df\u3044\u9055\u3044\u306f\u5927\u304d\u304f\u306a\u304b\u3063\u305f\u3068\u8ff0\u3079\u305f\u3002\u653f\u7b56\u91d1\u5229\u306f\u5f53\u9762\u636e\u3048\u7f6e\u304b\u308c\u308b\u53ef\u80fd\u6027\u304c\u3042\u308b\u304c\u3001\u671f\u9593\u306b\u3064\u3044\u3066\u660e\u78ba\u306a\u6570\u5b57\u306f\u793a\u305b\u306a\u3044\u3068\u3044\u3046\u3002<\/p>\n

\u5931\u696d\u7387\u306f\u4f4e\u304f\u5b89\u5b9a\u3057\u3066\u304a\u308a\u3001\u300c\u96c7\u7528\u3082\u89e3\u96c7\u3082\u5c11\u306a\u3044\u300d\u52b4\u50cd\u5e02\u5834\u3060\u3068\u8aac\u660e\u3057\u305f\u3002FRB\u306f\u30a4\u30f3\u30d5\u30ec\u76ee\u6a19\uff08\u901a\u5e382%\uff09\u3092\u9577\u5e74\u9054\u6210\u3067\u304d\u3066\u3044\u306a\u3044\u4e00\u65b9\u3067\u3001\u30a4\u30f3\u30d5\u30ec\u671f\u5f85\uff08\u5c06\u6765\u306e\u7269\u4fa1\u4e0a\u6607\u7387\u306b\u5bfe\u3059\u308b\u5e02\u5834\u3084\u5bb6\u8a08\u306e\u898b\u65b9\uff09\u306f\u6982\u306d\u5b89\u5b9a\u3057\u3066\u3044\u308b\u3068\u3057\u305f\u3002<\/p>\n

\u6b63\u5f53\u5316\u3055\u308c\u306a\u3044\u5229\u4e0b\u3052\u306f\u30a4\u30f3\u30d5\u30ec\u3092\u62bc\u3057\u4e0a\u3052\u308b\u3068\u3057\u3001\u898b\u901a\u3057\u306e\u4e0d\u78ba\u5b9f\u6027\u306f\u653f\u7b56\u5224\u65ad\u306e\u4e0d\u78ba\u5b9f\u6027\u306b\u3064\u306a\u304c\u308b\u3068\u8ff0\u3079\u305f\u3002FRB\u306f\u53ef\u80fd\u306a\u9650\u308a\u653f\u6cbb\u304b\u3089\u8ddd\u96e2\u3092\u7f6e\u304f\u59ff\u52e2\uff08\u653f\u6cbb\u7684\u306b\u4e2d\u7acb\u306a\u904b\u55b6\uff09\u3092\u76ee\u6307\u3059\u3068\u8a9e\u3063\u305f\u3002<\/p>\n

Market Volatility And Rate Hold Outlook<\/h3>\n

\u4e0d\u78ba\u5b9f\u6027\u304c\u9ad8\u3044\u72b6\u6cc1\u3092\u8e0f\u307e\u3048\u308b\u3068\u3001FRB\u306f\u653f\u7b56\u91d1\u5229\u3092\u76f8\u5f53\u671f\u9593\u636e\u3048\u7f6e\u304f\u516c\u7b97\u304c\u5927\u304d\u3044\u3002\u73fe\u5728\u306e\u30d5\u30a7\u30c7\u30e9\u30eb\u30fb\u30d5\u30a1\u30f3\u30c9\uff08FF\uff09\u91d1\u5229\u8a98\u5c0e\u76ee\u6a19\uff08\u9280\u884c\u540c\u58eb\u306e\u8d85\u77ed\u671f\u91d1\u5229\u306e\u76ee\u6a19\u30ec\u30f3\u30b8\uff09\u3067\u3042\u308b5.25%\u301c5.50%\u306f\u7dad\u6301\u3055\u308c\u3084\u3059\u3044\u3002\u6700\u65b0\u306e2026\u5e744\u6708\u306e\u30a4\u30f3\u30d5\u30ec\u6307\u6a19\u3067\u306f\u3001\u6d88\u8cbb\u8005\u7269\u4fa1\u6307\u6570\uff08CPI\u3001\u5bb6\u8a08\u304c\u8cfc\u5165\u3059\u308b\u30e2\u30ce\u3084\u30b5\u30fc\u30d3\u30b9\u306e\u4fa1\u683c\u52d5\u5411\u3092\u793a\u3059\u4ee3\u8868\u7684\u306a\u6307\u6570\uff09\u304c3.6%\u3068\u9ad8\u6b62\u307e\u308a\u3057\u3066\u304a\u308a\u3001\u7c98\u7740\u7684\u306a\u30a4\u30f3\u30d5\u30ec\uff08\u4e0b\u304c\u308a\u306b\u304f\u3044\u30a4\u30f3\u30d5\u30ec\uff09\u304c\u8fd1\u3044\u5c06\u6765\u306e\u5229\u4e0b\u3052\u3092\u96e3\u3057\u304f\u3057\u3066\u3044\u308b\u3002<\/p>\n

\u3053\u3046\u3057\u305f\u653f\u7b56\u306e\u52d5\u304d\u306b\u304f\u3055\u306b\u30a4\u30e9\u30f3\u6226\u4e89\u304c\u91cd\u306a\u308a\u3001\u5e02\u5834\u306e\u5909\u52d5\uff08\u30dc\u30e9\u30c6\u30a3\u30ea\u30c6\u30a3\uff1d\u4fa1\u683c\u306e\u632f\u308c\u306e\u5927\u304d\u3055\uff09\u3092\u9ad8\u3081\u3084\u3059\u3044\u3002\u4e88\u60f3\u5909\u52d5\u7387\u306e\u4ee3\u8868\u6307\u6a19\u3067\u3042\u308bVIX\uff08S&P500\u306e\u30aa\u30d7\u30b7\u30e7\u30f3\u4fa1\u683c\u304b\u3089\u7b97\u51fa\u3055\u308c\u308b\u300c\u6050\u6016\u6307\u6570\u300d\uff09\u306f22\u8fd1\u8fba\u3067\u63a8\u79fb\u3057\u3001\u9577\u671f\u5e73\u5747\u3092\u4e0a\u56de\u3063\u3066\u3044\u308b\u3002\u6295\u8cc7\u5bb6\u306f\u3001\u660e\u78ba\u306a\u4e0a\u6607\u30fb\u4e0b\u843d\u306e\u65b9\u5411\u6027\u3088\u308a\u3082\u3001\u5024\u52d5\u304d\u306e\u5e45\u304b\u3089\u53ce\u76ca\u6a5f\u4f1a\u3092\u72d9\u3046\u767a\u60f3\u304c\u5fc5\u8981\u306b\u306a\u308a\u3084\u3059\u3044\u3002<\/p>\n

\u30a4\u30e9\u30f3\u306e\u7d1b\u4e89\u306f\u7269\u4fa1\u4e0a\u6607\u5727\u529b\u306e\u4e3b\u8981\u56e0\u3067\u3001\u7279\u306b\u30a8\u30cd\u30eb\u30ae\u30fc\u5e02\u5834\u3067\u5f71\u97ff\u304c\u5927\u304d\u3044\u3002\u8db3\u5143\u306e\u30c7\u30fc\u30bf\u3067\u306f\u3001\u30d6\u30ec\u30f3\u30c8\u539f\u6cb9\u4fa1\u683c\u306f1\u30d0\u30ec\u30eb95\u30c9\u30eb\u8d85\u307e\u3067\u6025\u9a30\u3057\u305f\u3002\u3053\u308c\u306f\u30a4\u30f3\u30d5\u30ec\u3068\u500b\u4eba\u6d88\u8cbb\u306e\u53cc\u65b9\u306b\u76f4\u7d50\u3059\u308b\u305f\u3081\u3001FRB\u306b\u3068\u3063\u3066\u91cd\u8981\u306a\u76e3\u8996\u5bfe\u8c61\u3068\u306a\u308b\u3002<\/p>\n

\u96c7\u7528\u74b0\u5883\u306f\u5931\u696d\u73874.1%\u3068\u5b89\u5b9a\u3057\u3066\u3044\u308b\u4e00\u65b9\u3001\u6d88\u8cbb\u8005\u5fc3\u7406\u306e\u6539\u5584\u306b\u306f\u3064\u306a\u304c\u3063\u3066\u3044\u306a\u3044\u3002\u751f\u6d3b\u5fc5\u9700\u54c1\u306e\u5024\u4e0a\u304c\u308a\u304c\u5bb6\u8a08\u306e\u4e88\u7b97\u3092\u5727\u8feb\u3057\u3001\u88c1\u91cf\u7684\u652f\u51fa\uff08\u5fc5\u9700\u54c1\u4ee5\u5916\u306e\u652f\u51fa\uff09\u3092\u6291\u3048\u3066\u3044\u308b\u3002\u5f37\u3044\u52b4\u50cd\u5e02\u5834\u306f\u5229\u4e0b\u3052\u306b\u614e\u91cd\u306b\u306a\u308b\u7406\u7531\u3068\u306a\u308b\u304c\u3001\u5bb6\u8a08\u306e\u75db\u307f\u306f\u5229\u4e0a\u3052\u3092\u96e3\u3057\u304f\u3059\u308b\u8981\u56e0\u3067\u3042\u308a\u3001\u653f\u7b56\u5224\u65ad\u306f\u96e3\u3057\u3044\u3002<\/p>\n

2025\u5e74\u306b\u306f\u5e02\u5834\u304c\u7e70\u308a\u8fd4\u3057\u5229\u4e0b\u3052\u3092\u7e54\u308a\u8fbc\u3093\u3060\u3082\u306e\u306e\u5b9f\u73fe\u3057\u306a\u304b\u3063\u305f\u7d4c\u7def\u304c\u3042\u308b\u3002\u3053\u306e\u7d4c\u9a13\u306f\u3001FRB\u304c\u5fcd\u8010\u5f37\u304f\u3001\u30c7\u30fc\u30bf\u6b21\u7b2c\u3067\u52d5\u304f\u59ff\u52e2\uff08\u30c7\u30fc\u30bf\u4f9d\u5b58\uff09\u3092\u7d9a\u3051\u308b\u3068\u306e\u898b\u65b9\u3092\u88dc\u5f37\u3059\u308b\u3002\u8db3\u5143\u306e\u72b6\u6cc1\u3067\u306f\u3001\u6570\u9031\u9593\u4ee5\u5185\u306e\u653f\u7b56\u8ee2\u63db\u3092\u898b\u8fbc\u3080\u306e\u306f\u73fe\u5b9f\u7684\u3067\u306f\u306a\u3044\u3002<\/p>\n

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