{"id":46872,"date":"2026-05-14T03:05:59","date_gmt":"2026-05-14T03:05:59","guid":{"rendered":"https:\/\/www.vtmarkets.com\/uncategorized\/46872\/"},"modified":"2026-05-14T03:05:59","modified_gmt":"2026-05-14T03:05:59","slug":"%e3%82%ab%e3%82%b7%e3%83%a5%e3%82%ab%e3%83%aa%e7%b7%8f%e8%a3%81%ef%bc%9a%e3%83%9b%e3%83%ab%e3%83%a0%e3%82%ba%e6%b5%b7%e5%b3%a1%e3%81%ae%e6%b7%b7%e4%b9%b1%e3%81%a7%e7%b1%b3%e3%82%a4%e3%83%b3%e3%83%95","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/jp-asia\/live-updates\/46872\/","title":{"rendered":"\u30ab\u30b7\u30e5\u30ab\u30ea\u7dcf\u88c1\uff1a\u30db\u30eb\u30e0\u30ba\u6d77\u5ce1\u306e\u6df7\u4e71\u3067\u7c73\u30a4\u30f3\u30d5\u30ec\u306f\u9ad8\u6b62\u307e\u308a\u306e\u6050\u308c\u3001FRB\u306f\u9ad8\u91d1\u5229\u3092\u3088\u308a\u9577\u671f\u7dad\u6301\u3078"},"content":{"rendered":"

\u7c73\u30df\u30cd\u30a2\u30dd\u30ea\u30b9\u9023\u90a6\u6e96\u5099\u9280\u884c\uff08\u5730\u533a\u9023\u9280\uff09\u7dcf\u88c1\u306e\u30cb\u30fc\u30eb\u30fb\u30ab\u30b7\u30e5\u30ab\u30ea\u6c0f\u306f\u6c34\u66dc\u65e5\u3001\u30df\u30cd\u30bd\u30bf\u5dde\u30bb\u30f3\u30c8\u30dd\u30fc\u30eb\u3067\u958b\u304b\u308c\u305f\u30bb\u30f3\u30c8\u30dd\u30fc\u30eb\u5730\u57df\u5546\u5de5\u4f1a\u8b70\u6240\u306e\u30a4\u30d9\u30f3\u30c8\u3067\u8b1b\u6f14\u3057\u3001\u6700\u5927\u306e\u8ad6\u70b9\u306f\u30db\u30eb\u30e0\u30ba\u6d77\u5ce1\u304c\u3069\u308c\u3060\u3051\u9577\u304f\u5c01\u9396\u3055\u308c\u3001\u305d\u306e\u5f71\u97ff\u304c\u30a4\u30f3\u30d5\u30ec\uff08\u7269\u4fa1\u306e\u4e0a\u6607\uff09\u306b\u3069\u3046\u6ce2\u53ca\u3059\u308b\u304b\u3060\u3068\u8ff0\u3079\u305f\u3002<\/p>\n

\u540c\u6c0f\u306f\u300c\u30a4\u30f3\u30d5\u30ec\u306f\u9ad8\u3059\u304e\u308b\u300d\u3068\u3057\u305f\u3046\u3048\u3067\u3001\u7c73\u9023\u90a6\u6e96\u5099\u5236\u5ea6\u7406\u4e8b\u4f1a\uff08FRB\u3001\u7c73\u4e2d\u592e\u9280\u884c\uff09\u306f\u7269\u4fa1\u4e0a\u6607\u7387\u30922%\u306b\u623b\u3059\u5fc5\u8981\u304c\u3042\u308b\u3068\u5f37\u8abf\u30022%\u3068\u3044\u3046\u76ee\u6a19\u306f\u5909\u66f4\u3059\u3079\u304d\u3067\u306f\u306a\u3044\u3068\u306e\u8a8d\u8b58\u3082\u793a\u3057\u305f\u3002<\/p>\n

Inflation Outlook After Hormuz Closure<\/h3>\n

\u540c\u6c0f\u306f\u3001\u30a4\u30f3\u30d5\u30ec\u306e\u300c\u30b7\u30e7\u30c3\u30af\uff08\u6025\u306a\u7269\u4fa1\u5909\u52d5\u8981\u56e0\uff09\u300d\u304c\u3042\u3063\u3066\u3082FRB\u306e\u8cac\u4efb\u304c\u6e1b\u308b\u308f\u3051\u3067\u306f\u306a\u3044\u304c\u3001\u9054\u6210\u306f\u96e3\u3057\u304f\u306a\u308b\u3068\u6307\u6458\u3057\u305f\u3002\u30a4\u30e9\u30f3\u3092\u5de1\u308b\u885d\u7a81\u524d\u306f\u3001\u30a4\u30f3\u30d5\u30ec\u304c2%\u306b\u5411\u3051\u3066\u4f4e\u4e0b\u3057\u3066\u3044\u308b\u3068\u3044\u3046\u4e00\u5b9a\u306e\u624b\u5fdc\u3048\u304c\u3042\u3063\u305f\u3068\u3044\u3046\u3002<\/p>\n

\u4e00\u65b9\u3067\u3001\u30a4\u30e9\u30f3\u95a2\u9023\u306e\u30b7\u30e7\u30c3\u30af\u304c\u30a4\u30f3\u30d5\u30ec\u898b\u901a\u3057\u3092\u5909\u3048\u305f\u3068\u3082\u8ff0\u3079\u305f\u3002\u307e\u305f\u3001\u52b4\u50cd\u5e02\u5834\u306f\u300c\u6a2a\u3070\u3044\u300d\u3067\u3001\u71b1\u304f\u3082\u51b7\u305f\u304f\u3082\u306a\u3044\u300c\u306c\u308b\u3044\u300d\u72b6\u614b\u3060\u3068\u8868\u73fe\u3057\u305f\u3002<\/p>\n

\u52b4\u50cd\u5e02\u5834\u306f\u6301\u3061\u3053\u305f\u3048\u3066\u3044\u308b\u3088\u3046\u306b\u898b\u3048\u308b\u3068\u3082\u8a9e\u3063\u305f\u3002\u3055\u3089\u306b\u3001FRB\u306e\u653f\u7b56\u91d1\u5229\uff08\u4e2d\u592e\u9280\u884c\u304c\u8a2d\u5b9a\u3059\u308b\u77ed\u671f\u91d1\u5229\uff09\u306e\u6c7a\u5b9a\u304c\u4f4f\u5b85\u30ed\u30fc\u30f3\u91d1\u5229\u306b\u3069\u306e\u7a0b\u5ea6\u5f71\u97ff\u3059\u308b\u304b\u306f\u78ba\u4fe1\u304c\u306a\u3044\u3068\u3057\u305f\u3002<\/p>\n

Market Positioning For Higher Rates<\/h3>\n

2025\u5e74\u306e\u30a4\u30e9\u30f3\u60c5\u52e2\u3092\u53d7\u3051\u305f\u30b7\u30e7\u30c3\u30af\u3067\u3001WTI\u539f\u6cb9\uff08\u7c73\u56fd\u306e\u4ee3\u8868\u7684\u306a\u539f\u6cb9\u6307\u6a19\uff09\u4fa1\u683c\u306f\u4e00\u66421\u30d0\u30ec\u30eb=120\u30c9\u30eb\u3092\u4e0a\u56de\u3063\u305f\u3002\u73fe\u5728\u306f95\u30c9\u30eb\u524d\u5f8c\u306b\u843d\u3061\u7740\u3044\u305f\u3082\u306e\u306e\u3001\u5730\u653f\u5b66\u7684\u30ea\u30b9\u30af\u30fb\u30d7\u30ec\u30df\u30a2\u30e0\uff08\u7d1b\u4e89\u306a\u3069\u306e\u4e0d\u78ba\u5b9f\u6027\u3092\u7e54\u308a\u8fbc\u3093\u3060\u4e0a\u4e57\u305b\u5206\uff09\u306f\u5e02\u5834\u306b\u5b9a\u7740\u3057\u305f\u3002\u4e2d\u6771\u3067\u65b0\u305f\u306a\u7dca\u5f35\u304c\u8d77\u304d\u308c\u3070\u518d\u3073\u6025\u9a30\u3057\u5f97\u308b\u305f\u3081\u3001\u539f\u6cb9\u306e\u9577\u671f\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\u3092\u7528\u3044\u305f\u30d8\u30c3\u30b8\uff08\u640d\u5931\u3092\u6291\u3048\u308b\u5099\u3048\uff09\u304c\u3001\u4fa1\u683c\u5909\u52d5\u3078\u306e\u5099\u3048\u3068\u3057\u3066\u6709\u52b9\u3060\u3068\u3044\u3046\u898b\u65b9\u304c\u793a\u3055\u308c\u3066\u3044\u308b\u3002\u3053\u306e\u6226\u7565\u306f\u3001\u4f9b\u7d66\u5074\u30ea\u30b9\u30af\uff08\u7523\u51fa\u30fb\u8f38\u9001\u306e\u6ede\u308a\u306a\u3069\uff09\u304c\u6d88\u3048\u3066\u3044\u306a\u3044\u524d\u63d0\u306b\u7acb\u3064\u3002<\/p>\n

\u305d\u306e\u7d50\u679c\u3001\u30a4\u30f3\u30d5\u30ec\u306f\u7c98\u7740\u7684\uff08\u4e0b\u304c\u308a\u306b\u304f\u3044\uff09\u306a\u72b6\u614b\u304c\u7d9a\u304d\u30012026\u5e744\u6708\u306eCPI\uff08\u6d88\u8cbb\u8005\u7269\u4fa1\u6307\u6570\u3001\u5bb6\u8a08\u304c\u8cb7\u3046\u30e2\u30ce\u30fb\u30b5\u30fc\u30d3\u30b9\u306e\u5024\u52d5\u304d\u3092\u793a\u3059\u6307\u6a19\uff09\u306f\u524d\u5e74\u6bd4+3.4%\u3068\u3001FRB\u76ee\u6a19\u3092\u5927\u304d\u304f\u4e0a\u56de\u3063\u305f\u3002\u5916\u90e8\u30b7\u30e7\u30c3\u30af\u304c\u300c2%\u56de\u5e30\u300d\u3092\u4e00\u6bb5\u3068\u96e3\u3057\u304f\u3059\u308b\u3068\u3044\u30462025\u5e74\u306e\u61f8\u5ff5\u304c\u88cf\u4ed8\u3051\u3089\u308c\u305f\u683c\u597d\u3067\u3001\u8fd1\u3044\u5c06\u6765\u306b\u91d1\u878d\u7de9\u548c\uff08\u5229\u4e0b\u3052\u306a\u3069\uff09\u3092\u793a\u5506\u3059\u308b\u3068\u306f\u898b\u8fbc\u307f\u306b\u304f\u3044\u3002<\/p>\n

\u91d1\u5229\u30c8\u30ec\u30fc\u30c0\u30fc\u306b\u3068\u3063\u3066\u306f\u3001\u300c\u9ad8\u91d1\u5229\u304c\u9577\u671f\u5316\uff08higher for longer\uff09\u300d\u3092\u524d\u63d0\u3068\u3057\u305f\u30dd\u30b8\u30b7\u30e7\u30f3\u304c\u4f9d\u7136\u3001\u5408\u7406\u7684\u3060\u3002\u5e02\u5834\u306f\u5e74\u5f8c\u534a\u306e\u5229\u4e0b\u3052\u3092\u7e54\u308a\u8fbc\u307f\u3064\u3064\u3042\u308b\u304c\u3001\u7c98\u7740\u7684\u306a\u30a4\u30f3\u30d5\u30ec\u6307\u6a19\u3092\u8e0f\u307e\u3048\u308b\u3068\u3001\u305d\u306e\u898b\u901a\u3057\u306f\u3055\u3089\u306b\u5148\u9001\u308a\u3055\u308c\u308b\u53ef\u80fd\u6027\u304c\u3042\u308b\u3002SOFR\u5148\u7269\uff08\u7c73\u56fd\u306e\u7fcc\u65e5\u7269\u62c5\u4fdd\u4ed8\u304d\u8cc7\u91d1\u8abf\u9054\u91d1\u5229\u3092\u57fa\u306b\u3057\u305f\u91d1\u5229\u5148\u7269\uff09\u306b\u5bfe\u3059\u308b\u30aa\u30d7\u30b7\u30e7\u30f3\u6226\u7565\u3068\u3057\u3066\u3001FRB\u304c\u5e74\u672b\u307e\u3067\u91d1\u5229\u3092\u636e\u3048\u7f6e\u304b\u3056\u308b\u3092\u5f97\u306a\u3044\u5c55\u958b\u3067\u5229\u76ca\u304c\u5f97\u3089\u308c\u308b\u8a2d\u8a08\u306b\u5999\u5473\u304c\u3042\u308b\u3001\u3068\u306e\u898b\u65b9\u3082\u3042\u308b\u3002<\/p>\n

\u52b4\u50cd\u5e02\u5834\u306b\u3064\u3044\u3066\u3082\u3001\u6628\u5e74\u300c\u306c\u308b\u3044\u300d\u300c\u6301\u3061\u3053\u305f\u3048\u3066\u3044\u308b\u300d\u3068\u3055\u308c\u305f\u72b6\u6cc1\u306f\u6982\u306d\u7d9a\u3044\u3066\u3044\u308b\u3002\u76f4\u8fd1\u306e\u96c7\u7528\u7d71\u8a08\u3067\u306f\u96c7\u7528\u8005\u6570\u304c21\u4e07\u4eba\u5897\u3001\u5931\u696d\u7387\u306f3.8%\u3068\u4f4e\u6c34\u6e96\u3067\u3001\u96c7\u7528\u4e0b\u652f\u3048\u3092\u7406\u7531\u306b\u5229\u4e0b\u3052\u3059\u308b\u5fc5\u8981\u6027\u306f\u4e4f\u3057\u3044\u3002\u52b4\u50cd\u5e02\u5834\u306e\u5e95\u5805\u3055\u306f\u3001FRB\u304c\u30a4\u30f3\u30d5\u30ec\u6291\u5236\u306b\u96c6\u4e2d\u3059\u308b\u6839\u62e0\u306b\u306a\u308a\u5f97\u308b\u3002<\/p>\n","protected":false},"excerpt":{"rendered":"

\u30db\u30eb\u30e0\u30ba\u6d77\u5ce1\u5c01\u9396\u306e\u9577\u671f\u5316\u304c\u6700\u5927\u8ad6\u70b9\u2015\u2015\u30ab\u30b7\u30e5\u30ab\u30ea\u7dcf\u88c1\u306f\u300c\u30a4\u30f3\u30d5\u30ec\u306f\u9ad8\u3059\u304e\u308b\u30012\uff05\u76ee\u6a19\u5805\u6301\u300d\u3068\u5f37\u8abf\u3002\u539f\u6cb9\u30ea\u30b9\u30af\u3067\u7c98\u7740\u7684\u30a4\u30f3\u30d5\u30ec\u7d9a\u304d\u3001\u9ad8\u91d1\u5229\u9577\u671f\u5316\u304c\u5408\u7406\u7684\u3001\u5229\u4e0b\u3052\u5148\u9001\u308a\u89b3\u6e2c\u3002\u52b4\u50cd\u5e02\u5834\u306f\u300c\u306c\u308b\u3044\u300d\u5e95\u5805\u3055\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-46872","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\/46872","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=46872"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/jp-asia\/wp-json\/wp\/v2\/posts\/46872\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/jp-asia\/wp-json\/wp\/v2\/media?parent=46872"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/jp-asia\/wp-json\/wp\/v2\/categories?post=46872"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/jp-asia\/wp-json\/wp\/v2\/tags?post=46872"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}