{"id":47603,"date":"2026-05-26T22:41:01","date_gmt":"2026-05-26T22:41:01","guid":{"rendered":"https:\/\/www.vtmarkets.com\/uncategorized\/47603\/"},"modified":"2026-05-26T22:41:01","modified_gmt":"2026-05-26T22:41:01","slug":"td%e8%a8%bc%e5%88%b8%e3%80%81%e3%82%a4%e3%83%a9%e3%83%b3%e6%83%85%e5%8b%a2%e3%81%ab%e3%82%88%e3%82%8b%e5%8e%9f%e6%b2%b9%e3%82%b7%e3%83%a7%e3%83%83%e3%82%af%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\/47603\/","title":{"rendered":"TD\u8a3c\u5238\u3001\u30a4\u30e9\u30f3\u60c5\u52e2\u306b\u3088\u308b\u539f\u6cb9\u30b7\u30e7\u30c3\u30af\u3067\u7c73\u30a4\u30f3\u30d5\u30ec\u9ad8\u6b62\u307e\u308a\u2014FRB\u306f2026\u5e74\u307e\u3067\u636e\u3048\u7f6e\u304d\u3068\u4e88\u60f3"},"content":{"rendered":"

TD\u30bb\u30ad\u30e5\u30ea\u30c6\u30a3\u30fc\u30ba\u306e\u7c73\u56fd\u7d4c\u6e08\u898b\u901a\u3057\u306f\u3001\u7c73\u9023\u90a6\u6e96\u5099\u5236\u5ea6\u7406\u4e8b\u4f1a\uff08FRB\uff09\u304c\u300c\u9ad8\u91d1\u5229\u306e\u9577\u671f\u5316\uff08higher for longer\uff09\u300d\u59ff\u52e2\u3092\u7dad\u6301\u3059\u308b\u53ef\u80fd\u6027\u3092\u793a\u3057\u3066\u304a\u308a\u3001\u3053\u308c\u306f\u4e00\u822c\u306b\u7c73\u30c9\u30eb\u3092\u4e0b\u652f\u3048\u3059\u308b\u74b0\u5883\u3060\u3002\u4eca\u5e74\u306f\u30a4\u30e9\u30f3\u7d1b\u4e89\u304c\u666f\u6c17\u3092\u5727\u8feb\u3057\u3001\u5b9f\u8cea\u6210\u9577\u7387\u306f\u6a2a\u3070\u3044\u63a8\u79fb\u306b\u306a\u308b\u3068\u4e88\u60f3\u3002\u52a0\u3048\u3066\u3001\u9ad8\u6b62\u307e\u308a\u3059\u308b\u539f\u6cb9\u4fa1\u683c\u3068\u30b5\u30d7\u30e9\u30a4\u30c1\u30a7\u30fc\u30f3\u306e\u903c\u8feb\u304c\u3082\u305f\u3089\u3059\u30b9\u30bf\u30b0\u30d5\u30ec\u30fc\u30b7\u30e7\u30f3\u5727\u529b\u306b\u3088\u308a\u3001\u5f53\u5c40\u306f\u5e74\u5185\u3092\u901a\u3058\u3066\u653f\u7b56\u3092\u636e\u3048\u7f6e\u304f\u3068\u307f\u308b\u3002\u540c\u793e\u306f\u307e\u305f\u3001AI\uff08\u4eba\u5de5\u77e5\u80fd\uff09\u4e3b\u5c0e\u306e\u9700\u8981\u3084\u9ad8\u6240\u5f97\u5c64\u306e\u6d88\u8cbb\u304c\u57fa\u8abf\u7684\u306a\u6210\u9577\u3092\u652f\u3048\u308b\u8981\u56e0\u306b\u306a\u308b\u3068\u3082\u6307\u6458\u3057\u305f\u3002<\/p>\n\n

\u7269\u4fa1\u9762\u3067\u306f\u3001\u30a4\u30e9\u30f3\u7d1b\u4e89\u306e\u81a0\u7740\u3001\u9ad8\u6c34\u6e96\u306e\u539f\u6cb9\u3001\u4f9b\u7d66\u5236\u7d04\u306b\u3088\u308a\u3001\u4eca\u5e74\u306e\u30a4\u30f3\u30d5\u30ec\u920d\u5316\u306f\u9032\u307f\u306b\u304f\u3044\u3068\u3057\u3066\u3044\u308b\u3002\u30b3\u30a2CPI\u30a4\u30f3\u30d5\u30ec\u7387\u306f2026\u5e7410-12\u6708\u671f\uff08Q4\uff09\u306b\u524d\u5e74\u6bd43.0%\u3067\u30d4\u30fc\u30af\u3092\u8fce\u3048\u30012026\u5e74\u672b\u306f\u5e74\u521d\u3092\u4e0a\u56de\u308b\u6c34\u6e96\u306b\u306a\u308b\u3068\u4e88\u6e2c\u3002\u30b3\u30a2PCE\u3082\u540c\u69d8\u306b\u9ad8\u6b62\u307e\u308a\u3059\u308b\u3068\u4ed8\u3051\u52a0\u3048\u305f\u3002\u539f\u6cb9\u30b7\u30e7\u30c3\u30af\u306e\u5927\u534a\u306f\u7dcf\u5408\u30a4\u30f3\u30d5\u30ec\u306b\u8ee2\u5ac1\u3055\u308c\u3001\u7de9\u3084\u304b\u306a\u30c7\u30a3\u30b9\u30a4\u30f3\u30d5\u30ec\u3068\u518d\u5ea6\u306e\u91d1\u878d\u7de9\u548c\u5c40\u9762\u306e\u5fa9\u5e30\u306f2027\u5e74\u306b\u306a\u308b\u3068\u898b\u8fbc\u3080\u4e00\u65b9\u3001\u30a4\u30e9\u30f3\u60c5\u52e2\u3084\u30c8\u30e9\u30f3\u30d7\u653f\u6a29\u306e\u901a\u5546\u30fb\u8ca1\u653f\u30fb\u898f\u5236\u30fb\u79fb\u6c11\u653f\u7b56\u3092\u3081\u3050\u308b\u4e0d\u78ba\u5b9f\u6027\u3082\u8a8d\u3081\u3066\u3044\u308b\u3002<\/p>\n\n

Federal Reserve Policy and Inflation Backdrop<\/h3>\n\n

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Market Strategies and Historical Parallels<\/h3>\n\n

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\u6b74\u53f2\u7684\u306b\u306f\u30011970\u5e74\u4ee3\u5f8c\u534a\u306e\u3088\u3046\u306b\u5730\u653f\u5b66\u7684\u7dca\u5f35\u3068\u30a8\u30cd\u30eb\u30ae\u30fc\u4fa1\u683c\u9ad8\u9a30\u304c\u91cd\u306a\u3063\u305f\u5c40\u9762\u3067\u306f\u3001\u7c73\u30c9\u30eb\u9ad8\u3068\u9ad8\u91d1\u5229\u304c\u9577\u671f\u5316\u3057\u3084\u3059\u304b\u3063\u305f\u3002\u540c\u69d8\u306e\u529b\u5b66\u304c\u518d\u73fe\u3055\u308c\u3001\u30dc\u30e9\u30c6\u30a3\u30ea\u30c6\u30a3\u304c\u5e02\u5834\u306e\u7279\u5fb4\u3068\u3057\u3066\u6b8b\u308b\u3068\u898b\u8fbc\u3080\u3002\u3057\u305f\u304c\u3063\u3066\u3001VIX\u306e\u30b3\u30fc\u30eb\u30aa\u30d7\u30b7\u30e7\u30f3\u306a\u3069\u3092\u901a\u3058\u305f\u30ed\u30f3\u30b0\u30fb\u30dc\u30e9\u30c6\u30a3\u30ea\u30c6\u30a3\u30fb\u30dd\u30b8\u30b7\u30e7\u30f3\u306f\u3001\u7a81\u767a\u7684\u306a\u4e8b\u614b\u60aa\u5316\u306b\u5bfe\u3059\u308b\u6709\u52b9\u306a\u30d8\u30c3\u30b8\u306b\u306a\u308a\u5f97\u308b\u3002<\/p>\n\n\n

\u4eca\u3059\u3050\u53d6\u5f15\u3092\u59cb\u3081\u307e\u3057\u3087\u3046 \u2014 VT Markets\u306e\u30ea\u30a2\u30eb\u53e3\u5ea7\u3092\u958b\u8a2d\u3059\u308b\u306b\u306f\u3053\u3061\u3089<\/a>\u3092\u30af\u30ea\u30c3\u30af\u3057\u3066\u304f\u3060\u3055\u3044\u3002<\/b><\/p>","protected":false},"excerpt":{"rendered":"

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