{"id":46652,"date":"2026-05-07T23:13:54","date_gmt":"2026-05-07T23:13:54","guid":{"rendered":"https:\/\/www.vtmarkets.com\/uncategorized\/46652\/"},"modified":"2026-05-07T23:13:54","modified_gmt":"2026-05-07T23:13:54","slug":"%e3%83%8b%e3%83%a5%e3%83%bc%e3%83%a8%e3%83%bc%e3%82%af%e9%80%a3%e9%8a%80%e8%aa%bf%e6%9f%bb%e3%81%a7%e7%9f%ad%e6%9c%9f%e3%82%a4%e3%83%b3%e3%83%95%e3%83%ac%e6%9c%9f%e5%be%85%e3%81%ae%e4%b8%8a%e6%98%87","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/jp-asia\/live-updates\/46652\/","title":{"rendered":"\u30cb\u30e5\u30fc\u30e8\u30fc\u30af\u9023\u9280\u8abf\u67fb\u3067\u77ed\u671f\u30a4\u30f3\u30d5\u30ec\u671f\u5f85\u306e\u4e0a\u6607\u304c\u793a\u5506\u3001\u5e02\u5834\u306f\u5229\u4e0b\u3052\u3078\u8ef8\u8db3\u3092\u79fb\u3059"},"content":{"rendered":"

\u30cb\u30e5\u30fc\u30e8\u30fc\u30af\u9023\u9280\u304c\u5b9f\u65bd\u3059\u308b\u300c\u6d88\u8cbb\u8005\u4e88\u60f3\u8abf\u67fb\u300d\uff08\u5bb6\u8a08\u306e\u30a4\u30f3\u30d5\u30ec\u898b\u901a\u3057\u3084\u96c7\u7528\u30fb\u6240\u5f97\u898b\u901a\u3057\u3092\u5c0b\u306d\u308b\u8abf\u67fb\uff09\u306e4\u6708\u5206\u306b\u3088\u308b\u3068\u3001\u7c73\u56fd\u306e\u5bb6\u8a08\u306f\u77ed\u671f\u306e\u30a4\u30f3\u30d5\u30ec\u7387\uff08\u7269\u4fa1\u306e\u4e0a\u6607\u7387\uff09\u304c\u4e0a\u632f\u308c\u3059\u308b\u3068\u898b\u8fbc\u3080\u4e00\u65b9\u3001\u4e2d\u671f\u30fb\u9577\u671f\u306e\u4e88\u60f3\u306f\u5909\u308f\u3089\u306a\u304b\u3063\u305f\u3002\u8abf\u67fb\u7d50\u679c\u306f\u6728\u66dc\u65e5\u306b\u516c\u8868\u3055\u308c\u305f\u3002<\/p>\n

\u5411\u3053\u304612\u30ab\u6708\u306e\u30a4\u30f3\u30d5\u30ec\u671f\u5f85\u306f4\u6708\u306b3.6%\u3068\u306a\u308a\u30013\u6708\u306e3.4%\u304b\u3089\u4e0a\u6607\u3057\u305f\u30023\u5e74\u5148\u306f3.1%\u30015\u5e74\u5148\u306f3.0%\u3067\u305d\u308c\u305e\u308c\u6a2a\u3070\u3044\u3060\u3063\u305f\u3002<\/p>\n

Near Term Inflation Expectations<\/h3>\n

\u5bb6\u8a08\u306f\u30013\u6708\u306b9.4%\u3078\u4e0a\u6607\u3057\u305f\u30ac\u30bd\u30ea\u30f3\u4fa1\u683c\uff08petrol prices\uff09\u304c\u305d\u306e\u5f8c\u306f\u4f4e\u4e0b\u3059\u308b\u3068\u898b\u8fbc\u3093\u3060\u30023\u6708\u306e\u4e0a\u6607\u306f\u3001\u30a4\u30e9\u30f3\u6226\u4e89\u306b\u4f34\u3046\u30a8\u30cd\u30eb\u30ae\u30fc\u4f9b\u7d66\u306e\u6df7\u4e71\uff08\u30a8\u30cd\u30eb\u30ae\u30fc\u30fb\u30b7\u30e7\u30c3\u30af\uff1a\u539f\u6cb9\u3084\u5929\u7136\u30ac\u30b9\u306a\u3069\u306e\u4fa1\u683c\u304c\u6025\u5909\u3059\u308b\u4e8b\u8c61\uff09\u3068\u7d50\u3073\u4ed8\u3051\u3089\u308c\u3066\u3044\u305f\u3002<\/p>\n

4\u6708\u306e\u5bb6\u8a08\u306e\u666f\u6cc1\u611f\u306f\u5f37\u5f31\u304c\u4ea4\u932f\u3057\u305f\u3002\u56de\u7b54\u8005\u306f\u81ea\u8eab\u306e\u5bb6\u8a08\u72b6\u6cc1\u306b\u4e0d\u78ba\u5b9f\u6027\u304c\u3042\u308b\u3068\u3057\u3001\u4e0e\u4fe1\uff08credit\uff1a\u30ed\u30fc\u30f3\u3084\u30af\u30ec\u30b8\u30c3\u30c8\u30ab\u30fc\u30c9\u306a\u3069\u501f\u308a\u5165\u308c\uff09\u304c3\u6708\u3088\u308a\u5f97\u306b\u304f\u304f\u306a\u308b\u3068\u4e88\u60f3\u3057\u305f\u3002<\/p>\n

\u63a1\u7528\uff08hiring\uff1a\u4f01\u696d\u304c\u4eba\u3092\u65b0\u305f\u306b\u96c7\u3046\u52d5\u304d\uff09\u3001\u8cc3\u91d1\uff08earnings\uff1a\u8cc3\u91d1\u3084\u7d66\u4e0e\u306e\u4f38\u3073\uff09\u3001\u6240\u5f97\uff08income\uff1a\u5bb6\u8a08\u304c\u5f97\u308b\u53ce\u5165\uff09\u306b\u95a2\u3059\u308b\u898b\u901a\u3057\u3082\u307e\u3061\u307e\u3061\u3060\u3063\u305f\u3002\u56de\u7b54\u8005\u306f\u4eca\u5f8c1\u5e74\u3067\u5931\u696d\u7387\u304c\u4e0a\u6607\u3059\u308b\u3068\u898b\u8fbc\u3093\u3060\u3002<\/p>\n

Shift Toward Growth Concerns<\/h3>\n

\u3057\u304b\u3057\u8db3\u5143\u3067\u306f\u3001FRB\uff08\u7c73\u9023\u90a6\u6e96\u5099\u5236\u5ea6\u7406\u4e8b\u4f1a\uff09\u306e\u91d1\u878d\u5f15\u304d\u7de0\u3081\uff08tighter policy\uff1a\u653f\u7b56\u91d1\u5229\u3092\u9ad8\u3081\u306b\u7dad\u6301\u3057\u9700\u8981\u3092\u6291\u3048\u308b\u3053\u3068\uff09\u304c\u52b9\u304d\u59cb\u3081\u305f\u3088\u3046\u306b\u898b\u3048\u308b\u3002\u76f4\u8fd1\u306e2026\u5e744\u6708\u306e\u30c7\u30fc\u30bf\u3067\u306f\u3001FRB\u304c\u91cd\u8996\u3059\u308b\u30a4\u30f3\u30d5\u30ec\u6307\u6a19\u3067\u3042\u308b\u30b3\u30a2PCE\u4fa1\u683c\u6307\u6570\uff08Core Personal Consumption Expenditures price index\uff1a\u500b\u4eba\u6d88\u8cbb\u652f\u51fa\u306e\u7269\u4fa1\u6307\u6570\u304b\u3089\u98df\u54c1\u30fb\u30a8\u30cd\u30eb\u30ae\u30fc\u3092\u9664\u3044\u305f\u3082\u306e\uff09\u304c\u524d\u5e74\u6bd42.8%\u307e\u3067\u920d\u5316\u3057\u305f\u3002\u6628\u5e74\u306e\u4e3b\u8981\u61f8\u5ff5\u304c\u5f8c\u9000\u3057\u3064\u3064\u3042\u308b\u3053\u3068\u3092\u793a\u3059\u3002<\/p>\n

\u4e00\u65b9\u3067\u30012025\u5e74\u6642\u70b9\u3067\u5bb6\u8a08\u304c\u8b66\u6212\u3057\u3066\u3044\u305f\u96c7\u7528\u60aa\u5316\u3078\u306e\u4e0d\u5b89\u304c\u73fe\u5b9f\u5473\u3092\u5e2f\u3073\u3066\u3044\u308b\u3002\u5931\u696d\u7387\u306f\u6628\u5e74\u306e3.5%\u306e\u4f4e\u6c34\u6e96\u304b\u3089\u3001\u6700\u65b0\u306e\u96c7\u7528\u7d71\u8a08\u30673.9%\u3078\u4e0a\u6607\u3057\u305f\u3002\u5bb6\u8a08\u304c\u60f3\u5b9a\u3057\u3066\u3044\u305f\u6d41\u308c\u304c\u78ba\u8a8d\u3055\u308c\u3001\u30a4\u30f3\u30d5\u30ec\u3088\u308a\u3082\u666f\u6c17\u6e1b\u901f\u304c\u4e3b\u306a\u30ea\u30b9\u30af\u306b\u7f6e\u304d\u63db\u308f\u308a\u3064\u3064\u3042\u308b\u3053\u3068\u3092\u793a\u5506\u3059\u308b\u3002<\/p>\n

\u30c7\u30ea\u30d0\u30c6\u30a3\u30d6\uff08derivatives\uff1a\u5148\u7269\u3084\u30aa\u30d7\u30b7\u30e7\u30f3\u306a\u3069\u3001\u5143\u3068\u306a\u308b\u91d1\u878d\u5546\u54c1\u306b\u9023\u52d5\u3059\u308b\u53d6\u5f15\uff09\u5e02\u5834\u3082\u5909\u5316\u3092\u6620\u3057\u3066\u304a\u308a\u3001FF\u91d1\u5229\u5148\u7269\uff08Fed funds futures\uff1aFRB\u306e\u653f\u7b56\u91d1\u5229\u306e\u898b\u901a\u3057\u3092\u53cd\u6620\u3059\u308b\u5148\u7269\uff09\u304c\u5e74\u5f8c\u534a\u306e\u5229\u4e0b\u3052\u78ba\u7387\u3092\u9ad8\u304f\u7e54\u308a\u8fbc\u3093\u3067\u3044\u308b\u3002\u5e02\u5834\u306f\u73fe\u5728\u30012026\u5e749\u6708\u4f1a\u5408\u307e\u3067\u306b\u5229\u4e0b\u3052\u304c\u884c\u308f\u308c\u308b\u78ba\u7387\u309270%\u8d85\u3068\u898b\u3066\u304a\u308a\u30011\u5e74\u524d\u306e\u30bf\u30ab\u6d3e\uff08hawkish\uff1a\u5229\u4e0a\u3052\u30fb\u5f15\u304d\u7de0\u3081\u306b\u524d\u5411\u304d\uff09\u59ff\u52e2\u304b\u3089\u5927\u304d\u304f\u53cd\u8ee2\u3057\u305f\u5f62\u3060\u3002<\/p>\n

\u4fe1\u7528\u5e02\u5834\u306b\u3082\u6ce8\u610f\u304c\u5fc5\u8981\u3060\u3002\u6628\u5e74\u306e\u8abf\u67fb\u3067\u793a\u3055\u308c\u305f\u300c\u4e0e\u4fe1\u304c\u53b3\u3057\u304f\u306a\u308b\u300d\u3068\u306e\u61f8\u5ff5\u306f\u3001\u3053\u306e\u5c40\u9762\u3067\u3082\u91cd\u8981\u3067\u3042\u308b\u3002\u7c73\u30b7\u30cb\u30a2\u30fb\u30ed\u30fc\u30f3\u30fb\u30aa\u30d5\u30a3\u30b5\u30fc\u8abf\u67fb\uff08Senior Loan Officer Opinion Survey\uff1a\u9280\u884c\u306e\u878d\u8cc7\u59ff\u52e2\u3092\u8abf\u3079\u308b\u8abf\u67fb\uff09\u3067\u306f\u3001\u9280\u884c\u304c\u5546\u696d\u30fb\u7523\u696d\u5411\u3051\u878d\u8cc7\uff08commercial and industrial loans\uff1a\u4f01\u696d\u5411\u3051\u306e\u904b\u8ee2\u8cc7\u91d1\u3084\u8a2d\u5099\u6295\u8cc7\u8cc7\u91d1\u306a\u3069\uff09\u306e\u5be9\u67fb\u57fa\u6e96\uff08lending standards\uff1a\u878d\u8cc7\u3092\u51fa\u3059\u6761\u4ef6\uff09\u3092\u5f15\u304d\u7de0\u3081\u7d9a\u3051\u3066\u3044\u308b\u3053\u3068\u304c\u793a\u3055\u308c\u3066\u3044\u308b\u3002\u3053\u308c\u306f\u3001\u4f01\u696d\u4fe1\u7528\uff08corporate credit\uff1a\u4f01\u696d\u304c\u8cc7\u91d1\u8abf\u9054\u3059\u308b\u969b\u306e\u4fe1\u7528\u72b6\u6cc1\uff09\u306b\u30b9\u30c8\u30ec\u30b9\u304c\u304b\u304b\u308b\u5c55\u958b\u3092\u898b\u8fbc\u3080\u53d6\u5f15\u306e\u4f59\u5730\u3092\u751f\u3080\u53ef\u80fd\u6027\u304c\u3042\u308b\u3002\u4f8b\u3048\u3070\u3001CDS\uff08credit default swaps\uff1a\u50b5\u52d9\u4e0d\u5c65\u884c\u306b\u5099\u3048\u308b\u4fdd\u967a\u306e\u3088\u3046\u306a\u53d6\u5f15\uff09\u3092\u901a\u3058\u3066\u3001\u8106\u5f31\u306a\u696d\u7a2e\u3078\u306e\u30d7\u30ed\u30c6\u30af\u30b7\u30e7\u30f3\uff08protection\uff1a\u4fe1\u7528\u60aa\u5316\u6642\u306b\u53d7\u3051\u53d6\u308c\u308b\u88dc\u511f\uff09\u3092\u8cb7\u3046\u3068\u3044\u3063\u305f\u624b\u6cd5\u304c\u6319\u3052\u3089\u308c\u308b\u3002<\/p>\n","protected":false},"excerpt":{"rendered":"

\u7c73\u5bb6\u8a08\u306e\u77ed\u671f\u30a4\u30f3\u30d5\u30ec\u671f\u5f85\u304c4\u6708\u306b3.6%\u3078\u4e0a\u632f\u308c\u3082\u3001\u4e2d\u9577\u671f\u306f\u6a2a\u3070\u3044\u3002\u4e0e\u4fe1\u30fb\u96c7\u7528\u4e0d\u5b89\u304c\u5f37\u307e\u308a\u3001\u5229\u4e0b\u3052\u89b3\u6e2c\u304c\u53f0\u982d\u3002\u30a4\u30f3\u30d5\u30ec\u304b\u3089\u666f\u6c17\u6e1b\u901f\u3078\u30ea\u30b9\u30af\u30b7\u30d5\u30c8\u3002\u5e02\u5834\u3082\u53cd\u8ee2\u3002<\/p>\n","protected":false},"author":116,"featured_media":0,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[40],"tags":[],"class_list":["post-46652","post","type-post","status-publish","format-standard","hentry","category-live-updates"],"acf":{"acf_article_selection_author":null},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.vtmarkets.com\/jp-asia\/wp-json\/wp\/v2\/posts\/46652","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vtmarkets.com\/jp-asia\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vtmarkets.com\/jp-asia\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/jp-asia\/wp-json\/wp\/v2\/users\/116"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/jp-asia\/wp-json\/wp\/v2\/comments?post=46652"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/jp-asia\/wp-json\/wp\/v2\/posts\/46652\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/jp-asia\/wp-json\/wp\/v2\/media?parent=46652"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/jp-asia\/wp-json\/wp\/v2\/categories?post=46652"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/jp-asia\/wp-json\/wp\/v2\/tags?post=46652"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}