{"id":37400,"date":"2026-02-03T18:32:16","date_gmt":"2026-02-03T18:32:16","guid":{"rendered":"https:\/\/www.vtmarkets.com\/kr\/uncategorized\/%ec%bc%80%eb%b9%88-%ec%9b%8c%ec%8b%9c%ec%9d%98-%ec%97%b0%ec%a4%80-%ec%9d%98%ec%9e%a5-%ed%9b%84%eb%b3%b4-%ec%a7%80%eb%aa%85%ec%9d%b4-%ea%b8%88%eb%a6%ac%ec%97%90-%eb%8c%80%ed%95%9c-%eb%b3%80%ed%99%94\/"},"modified":"2026-02-03T18:32:16","modified_gmt":"2026-02-03T18:32:16","slug":"%ec%bc%80%eb%b9%88-%ec%9b%8c%ec%8b%9c%ec%9d%98-%ec%97%b0%ec%a4%80-%ec%9d%98%ec%9e%a5-%ed%9b%84%eb%b3%b4-%ec%a7%80%eb%aa%85%ec%9d%b4-%ea%b8%88%eb%a6%ac%ec%97%90-%eb%8c%80%ed%95%9c-%eb%b3%80%ed%99%94","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/kr-asia\/live-updates\/%ec%bc%80%eb%b9%88-%ec%9b%8c%ec%8b%9c%ec%9d%98-%ec%97%b0%ec%a4%80-%ec%9d%98%ec%9e%a5-%ed%9b%84%eb%b3%b4-%ec%a7%80%eb%aa%85%ec%9d%b4-%ea%b8%88%eb%a6%ac%ec%97%90-%eb%8c%80%ed%95%9c-%eb%b3%80%ed%99%94\/","title":{"rendered":"\ucf00\ube48 \uc6cc\uc2dc\uc758 \uc5f0\uc900 \uc758\uc7a5 \ud6c4\ubcf4 \uc9c0\uba85\uc774 \uae08\ub9ac\uc5d0 \ub300\ud55c \ubcc0\ud654\ud558\ub294 \uc785\uc7a5\uc73c\ub85c \uc778\ud574 \uc815\ucc45 \ubcf5\uc7a1\uc131\uc744 \ucd08\ub798\ud560 \uc218 \uc788\ub2e4."},"content":{"rendered":"\ucf00\ube48 \uc6cc\uc2dc(Kevin Warsh)\uac00 \ub2e4\uc74c \uc5f0\ubc29\uc900\ube44\uc81c\ub3c4 \uc758\uc7a5\uc73c\ub85c \uc9c0\uba85\ub418\uc5c8\uc2b5\ub2c8\ub2e4. \uadf8\uc758 \uc778\uc900 \uacfc\uc815\uc740 \uc5b4\ub824\uc6c0\uc744 \uacaa\uc744 \uc218 \uc788\uc2b5\ub2c8\ub2e4. \uc6cc\uc2dc\ub294 \uc774\uc804\uc5d0 \uac15\uacbd\ud55c \uc785\uc7a5\uc73c\ub85c \uc798 \uc54c\ub824\uc84c\uc9c0\ub9cc \ucd5c\uadfc \uba87 \ub144 \ub3d9\uc548 \ub354\uc6b1 \uc628\uac74\ud574\uc84c\uc2b5\ub2c8\ub2e4. \ubd84\uc11d\uac00\ub4e4\uc740 \uadf8\uc758 \uc5f0\ubc29\uc900\ube44\uc81c\ub3c4\uc758 \ud1b5\ud654 \uc815\ucc45\uacfc \ub300\ucc28\ub300\uc870\ud45c\uc5d0 \ubbf8\uce60 \uc7a0\uc7ac\uc801\uc778 \uc601\ud5a5\uc744 \uc8fc\ubaa9\ud558\uace0 \uc788\uc2b5\ub2c8\ub2e4.\n\n<h3>\uc5f0\ubc29\uc900\ube44\uc81c\ub3c4 \ub300\ucc28\ub300\uc870\ud45c \uc6b0\ub824<\/h3>\n\uc6cc\uc2dc\ub294 \uc778\uc900\uc774 \uc644\ub8cc\ub418\uba74 \uc2a4\ud2f0\ube10 \ubbf8\ub780(Stephen Miran)\uc744 \ub300\uc2e0\ud558\uc5ec \uc774\uc0ac\ud68c\uc758 \uc77c\uc6d0\uc774 \ub429\ub2c8\ub2e4. \uc6cc\uc2dc\ub294 \uc5f0\uc900\uc758 \ub300\ucc28\ub300\uc870\ud45c\uc5d0 \ub300\ud574 &#8216;\ubd80\ud480\uc5b4 \uc624\ub978(bloated)&#8217; \uac83\uc774\ub77c\uba70 \uc6b0\ub824\ub97c \ud45c\uba85\ud588\uc2b5\ub2c8\ub2e4. \uadf8\ub294 \ub300\ucc28\ub300\uc870\ud45c\uc758 \uaddc\ubaa8 \ucd95\uc18c\ub97c \uc81c\uc548\ud588\uc2b5\ub2c8\ub2e4.\n\n\uc5f0\ubc29\uc900\ube44\uc81c\ub3c4\uc758 \uacf5\uac1c\uc2dc\uc7a5\uacc4\uc88c(SOMA) \ud3ec\ud2b8\ud3f4\ub9ac\uc624\ub294 \ud604\uc7ac 6.6\uc870 \ub2ec\ub7ec\ub85c, \uc774\ub294 \uad6d\ub0b4\ucd1d\uc0dd\uc0b0(GDP)\uc758 22%\uc5d0 \ud574\ub2f9\ud569\ub2c8\ub2e4. SOMA \ud3ec\ud2b8\ud3f4\ub9ac\uc624\uc758 \uaddc\ubaa8 \ubcc0\uacbd\uc740 \uae08\ub9ac \uc870\uc815\uacfc \ub9c8\ucc2c\uac00\uc9c0\ub85c \uacf5\uac1c\uc2dc\uc7a5\uc704\uc6d0\ud68c\uc758 \uacfc\ubc18\uc218 \uc2b9\uc778\uc774 \ud544\uc694\ud569\ub2c8\ub2e4.\n\n\uc6cc\uc2dc\uc758 \uc5f0\uc900 \uc758\uc7a5 \ud6c4\ubcf4 \uc9c0\uba85\uc73c\ub85c, \uc6b0\ub9ac\ub294 \ud5a5\ud6c4 \uba87 \uc8fc\uac04 \ud1b5\ud654 \uc815\ucc45\uc5d0 \ub300\ud55c \ud070 \ubd88\ud655\uc2e4\uc131\uc5d0 \uc9c1\uba74\ud558\uac8c \ub429\ub2c8\ub2e4. \uadf8\uc758 \uc778\uc900 \uacfc\uc815\uc740 \ub17c\ub780\uc774 \uc608\uc0c1\ub418\uba70, \uc774\ub294 \uc774\ubbf8 \uc2dc\uc7a5\uc758 \uae34\uc7a5\uc744 \ucd08\ub798\ud558\uace0 \uc788\uc2b5\ub2c8\ub2e4. CBOE \ubcc0\ub3d9\uc131 \uc9c0\uc218(VIX)\ub294 \ud604\uc7ac 18\ub85c \uc0c1\uc2b9\ud558\uc5ec \uc774\ub7ec\ud55c \uc815\ucc45 \ubcc0\ud654\uc5d0 \ub300\ud55c \uc6b0\ub824\ub97c \ubc18\uc601\ud558\uace0 \uc788\uc2b5\ub2c8\ub2e4.\n\n\uc6cc\uc2dc\uac00 \uac00\uc7a5 \uac15\ud558\uac8c \uc8fc\uc7a5\ud558\ub294 \uac83\uc740 \uc5f0\uc900\uc758 6.6\uc870 \ub2ec\ub7ec \uaddc\ubaa8\uc758 \ub300\ucc28\ub300\uc870\ud45c\ub97c \uc904\uc774\ub294 \uac83\uc785\ub2c8\ub2e4. \uae09\uaca9\ud55c \ucd95\uc18c\ub294 &#8216;\uc815\ub7c9\uc801 \uae34\ucd95(quantitative tightening)&#8217;\uc774\ub77c \ubd88\ub9ac\uba70, \uae08\uc735 \uc2dc\uc2a4\ud15c\uc5d0\uc11c \uc720\ub3d9\uc131\uc744 \uc81c\uac70\ud568\uc73c\ub85c\uc368 \uae08\ub9ac \uc778\uc0c1\uacfc \uc720\uc0ac\ud558\uac8c \uc791\uc6a9\ud569\ub2c8\ub2e4. \uc774\ub294 \uacf5\uc2dd\uc801\uc778 \uc5f0\ubc29 \uae30\uae08 \uae08\ub9ac\uc640 \uad00\uacc4\uc5c6\uc774 \uc7a5\uae30 \ub300\ucd9c \ube44\uc6a9\uc5d0 \uc0c1\uc2b9 \uc555\ub825\uc744 \uac00\ud569\ub2c8\ub2e4.\n\n<h3>\ud2b8\ub808\uc774\ub354\ub97c \uc704\ud55c \uae30\ud68c\uc640 \uc704\ud5d8<\/h3>\n\uc774\ubc88 \uc815\ucc45 \ucd08\uc810\uc740 \ubbfc\uac10\ud55c \uc2dc\uc810\uc5d0 \ub9de\ubb3c\ub824 \uc788\uc2b5\ub2c8\ub2e4. 2026\ub144 1\uc6d4\uc758 \ucd5c\uadfc \ubcf4\uace0\uc11c\uc5d0 \ub530\ub974\uba74 \ud575\uc2ec \ubb3c\uac00 \uc0c1\uc2b9\ub960\uc774 3.4%\ub85c \uace0\ucc29\ub418\uc5b4 \uc788\uc73c\uba70, \ub178\ub3d9 \uc2dc\uc7a5\uc740 \uc5ec\uc804\ud788 \u200b\u200b\uac15\uc138\ub97c \ubcf4\uc774\uba70 22\ub9cc \uac1c\uc758 \uc77c\uc790\ub9ac\ub97c \ucd94\uac00\ud588\uc2b5\ub2c8\ub2e4. \uc774\ub7ec\ud55c \uacbd\uc81c \ubc30\uacbd\uc740 \uc7a0\uc7ac\uc801\uc778 \uc758\uc7a5 \uc6cc\uc2dc\uc5d0\uac8c \ubcf4\ub2e4 \uacf5\uaca9\uc801\uc778 \ub300\ucc28\ub300\uc870\ud45c \ucd95\uc18c\ub97c \ucd94\uad6c\ud560 \uc815\ub2f9\uc131\uc744 \uc81c\uacf5\ud569\ub2c8\ub2e4. \uacb0\uacfc\uc801\uc73c\ub85c \uc6b0\ub9ac\ub294 10\ub144 \ub9cc\uae30 \uad6d\ucc44 \uc218\uc775\ub960\uc774 \uc774\ubbf8 4.5%\ub85c \uc0c1\uc2b9\ud558\uace0 \uc788\uc73c\uba70, \uc774\ub294 \uc774\ub7ec\ud55c \uac15\uacbd\ud55c \uc804\ud658\uc744 \uc608\uc0c1\ud55c \uac83\uc785\ub2c8\ub2e4.\n\n\ud30c\uc0dd\uc0c1\ud488 \ud2b8\ub808\uc774\ub354\uc5d0\uac8c \uc774\ub294 \uae08\ub9ac \ubcc0\ub3d9\uc131\uacfc \uc7a5\uae30 \uc218\uc775\ub960 \uc0c1\uc2b9\uc5d0 \ub300\ube44\ud558\uae30 \uc704\ud55c \uae30\ud68c\ub97c \ub098\ud0c0\ub0c5\ub2c8\ub2e4. \uad6d\ucc44 \uc120\ubb3c \uc635\uc158\uc744 \uc0ac\uac70\ub098, \ud2b9\ud788 \uac00\uaca9 \ud558\ub77d\uc5d0\uc11c \uc774\uc775\uc744 \uc5bb\uae30 \uc704\ud55c \ud48b \uc635\uc158 \uad6c\ub9e4\ub97c \uace0\ub824\ud574\uc57c \ud569\ub2c8\ub2e4. \uace0\uc815 \uae08\ub9ac\ub97c \uc9c0\ubd88\ud558\uace0 \ubcc0\ub3d9 \uae08\ub9ac\ub97c \ubc1b\ub294 \uae08\ub9ac \uc2a4\uc651\ub3c4 \uc6cc\uc2dc\uc758 \uc815\ucc45\uc774 \uc2dc\ud589\ub420 \uacbd\uc6b0 \uc218\uc775\uc744 \uc62c\ub9b4 \uc218 \uc788\uc2b5\ub2c8\ub2e4.\n\n2017\ub144\uc5d0\uc11c 2019\ub144 \uc0ac\uc774\uc758 \uc815\ub7c9\uc801 \uae34\ucd95 \uae30\uac04\uc744 \uc5ed\uc0ac\uc801 \uc0ac\ub840\ub85c \ub3cc\uc544\ubcfc \uc218 \uc788\uc2b5\ub2c8\ub2e4. \uadf8 \uae30\uac04\uc5d0\ub294 \uc720\ub3d9\uc131\uc774 \ucd95\uc18c\ub418\uba74\uc11c \ud2b9\ud788 2018\ub144 \ub9d0\uc5d0 \uc2dc\uc7a5\uc758 \uae09\uaca9\ud55c \uc2a4\ud2b8\ub808\uc2a4\uac00 \ub098\ud0c0\ub0ac\uc2b5\ub2c8\ub2e4. \uc774\ub294 S&#038;P 500 \uac19\uc740 \uc8fc\uc694 \uc9c0\uc218\uc5d0 \ub300\ud55c \ubcf4\ud638\ud615 \ud48b \uc635\uc158\uc774 \ud5a5\ud6c4 \uba87 \ub2ec\uac04 \uc720\uc0ac\ud55c \uc2dc\uc7a5 \ubc18\uc751\uc5d0 \ub300\ud55c \uc2e0\uc911\ud55c \ud5e4\uc9c0\uac00 \ub420 \uc218 \uc788\uc74c\uc744 \uc2dc\uc0ac\ud569\ub2c8\ub2e4.\n\n<b><a href=\"https:\/\/www.vtmarkets.com\/trade-now\/\">VT Markets \uacc4\uc815\uc744 \uc0dd\uc131\ud558\uc138\uc694<\/a>\u00a0\uadf8\ub9ac\uace0\u00a0<a href=\"https:\/\/myaccount.vtmarkets.com\/login\">\uc9c0\uae08 \uac70\ub798\ub97c \uc2dc\uc791\ud558\uc138\uc694<\/a>.<\/b>\n\n<!-- wp:paragraph-->\n<p><b>VT Markets \ub77c\uc774\ube0c \uacc4\uc815\uc744 \ub9cc\ub4e4\uace0 \uc9c0\uae08 \ubc14\ub85c <a href=\"https:\/\/www.vtmarkets.com\/kr\/trade-now\/\">\uac70\ub798<\/a>\ub97c \uc2dc\uc791\ud558\uc138\uc694.<\/b><\/p>\n<!-- \/wp:post-content -->","protected":false},"excerpt":{"rendered":"<p>\ucf00\ube48 \uc6cc\uc2dc\uac00 \uc5f0\uc900 \uc758\uc7a5 \ud6c4\ubcf4\ub85c \uc9c0\uba85\ub410\ub2e4. \uadf8\uc758 \uc815\ucc45 \ubcc0\ud654\uc640 \ubc38\ub7f0\uc2a4 \uc2dc\ud2b8 \ucd95\uc18c \uc81c\uc548\uc73c\ub85c \uc2dc\uc7a5 \ubd88\uc548\uc774 \ucee4\uc9c0\uace0 \uc788\ub2e4. \ud2b8\ub808\uc774\ub354\ub4e4\uc740 \uc774\ub97c \ud65c\uc6a9\ud55c \ud22c\uc790 \uc804\ub7b5\uc744 \ubaa8\uc0c9\ud574\uc57c \ud55c\ub2e4. &#8211; vtmarkets.com<\/p>\n","protected":false},"author":62,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[71],"tags":[],"class_list":["post-37400","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\/kr-asia\/wp-json\/wp\/v2\/posts\/37400","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/users\/62"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/comments?post=37400"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/posts\/37400\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/media?parent=37400"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/categories?post=37400"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/tags?post=37400"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}