{"id":46218,"date":"2026-05-05T17:27:45","date_gmt":"2026-05-05T17:27:45","guid":{"rendered":"https:\/\/www.vtmarkets.com\/kr\/uncategorized\/4%ec%9b%94-%eb%af%b8%ea%b5%ad-ism-%ec%84%9c%eb%b9%84%ec%8a%a4%ec%97%85-%ea%b3%a0%ec%9a%a9%ec%a7%80%ec%88%98-48%eb%a1%9c-%ec%83%81%ec%8a%b9%ec%a0%84%ec%9b%94-45-2\/"},"modified":"2026-05-05T17:27:45","modified_gmt":"2026-05-05T17:27:45","slug":"4%ec%9b%94-%eb%af%b8%ea%b5%ad-ism-%ec%84%9c%eb%b9%84%ec%8a%a4%ec%97%85-%ea%b3%a0%ec%9a%a9%ec%a7%80%ec%88%98-48%eb%a1%9c-%ec%83%81%ec%8a%b9%ec%a0%84%ec%9b%94-45-2","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/kr-asia\/live-updates\/4%ec%9b%94-%eb%af%b8%ea%b5%ad-ism-%ec%84%9c%eb%b9%84%ec%8a%a4%ec%97%85-%ea%b3%a0%ec%9a%a9%ec%a7%80%ec%88%98-48%eb%a1%9c-%ec%83%81%ec%8a%b9%ec%a0%84%ec%9b%94-45-2\/","title":{"rendered":"4\uc6d4 \ubbf8\uad6d ISM \uc11c\ube44\uc2a4\uc5c5 \uace0\uc6a9\uc9c0\uc218 48\ub85c \uc0c1\uc2b9\u2026\uc804\uc6d4 45.2"},"content":{"rendered":"

\ubbf8\uad6d ISM \uc11c\ube44\uc2a4\uc5c5 \uace0\uc6a9\uc9c0\uc218\ub294 4\uc6d4 48\ub85c \uc0c1\uc2b9\ud588\ub2e4. \uc804\uc6d4\uc740 45.2\uc600\ub2e4.<\/p>\n

\uc9c0\uc218\ub294 \uc5ec\uc804\ud788 50\uc744 \ubc11\ub3c8\ub2e4. \ud1b5\uc0c1 50 \ubbf8\ub9cc\uc740 \uc11c\ube44\uc2a4\uc5c5 \uace0\uc6a9 \ud65c\ub3d9\uc774 \uc904\uace0 \uc788\uc74c\uc744 \ub73b\ud55c\ub2e4. \ub2e4\ub9cc \uc774\ubc88 \uc0c1\uc2b9\uc740 4\uc6d4\uc5d0 \uac10\uc18c \uc18d\ub3c4\uac00 \ub454\ud654\ub410\ub2e4\ub294 \uc2e0\ud638\ub85c \ud574\uc11d\ub41c\ub2e4.<\/p>\n

Fed Policy Implications<\/h3>\n

ISM \uc11c\ube44\uc2a4\uc5c5 \uace0\uc6a9\uc9c0\uc218\ub294 48\ub85c \uac1c\uc120\ub410\ub2e4. \uc5ec\uc804\ud788 \uace0\uc6a9\uc774 \uc904\uc5b4\ub4dc\ub294 \uad6c\uac04(50 \ubbf8\ub9cc)\uc774\uc9c0\ub9cc, \uace0\uc6a9 \uac10\uc18c \uc18d\ub3c4\uac00 \ub290\ub824\uc9c4 \uc810\uc740 \uc758\ubbf8\uac00 \ud06c\ub2e4. \uc774\uc5d0 \ub530\ub77c \uc5f0\ubc29\uc900\ube44\uc81c\ub3c4(Fed\u00b7\ubbf8 \uc911\uc559\uc740\ud589)\uac00 \ub2e8\uae30\uac04\uc5d0 \uae30\uc900\uae08\ub9ac(\uc911\uc559\uc740\ud589\uc774 \uc815\ud558\ub294 \ub300\ud45c \uae08\ub9ac)\ub97c \uacf5\uaca9\uc801\uc73c\ub85c \uc778\ud558\ud560 \uc774\uc720\ub294 \uc904\uc5b4\ub4e0\ub2e4. \ud5a5\ud6c4 \uba87 \uc8fc\uac04 Fed\uac00 \uae08\ub9ac \uc778\ud558\uc5d0 \ub354 \uc2e0\uc911\ud55c(\ud1b5\ud654\uae34\ucd95 \uc131\ud5a5\uc774 \uc0c1\ub300\uc801\uc73c\ub85c \uac15\ud55c) \ud0dc\ub3c4\ub97c \ubcf4\uc77c \uac00\ub2a5\uc131\uc774 \uc788\ub2e4.<\/p>\n

\uc2dc\uc7a5\uc774 \ud558\ubc18\uae30 \ucd5c\uc18c 1\ucc28\ub840\uc758 \uae08\ub9ac \uc778\ud558 \uae30\ub300\ub97c \uc77c\ubd80 \ub0ae\ucd9c \uc218 \uc788\uc5b4, \uae08\ub9ac \uc120\ubb3c \uc635\uc158\uc744 \uc810\uac80\ud560 \ud544\uc694\uac00 \uc788\ub2e4. \ubbf8 \uad6d\ucc44\uc120\ubb3c(\uc608: 10\ub144\ubb3c \uad6d\ucc44\uc120\ubb3c\ub85c \ub110\ub9ac \uc4f0\uc774\ub294 ZN) \ud48b\uc635\uc158(\uac00\uaca9 \ud558\ub77d\uc5d0 \ubca0\ud305\ud558\ub294 \uad8c\ub9ac)\uc744 \ub9e4\uc218\ud558\ub294 \uc804\ub7b5\uc740 \uae08\ub9ac\uac00 \u2018\ub192\uc740 \uc218\uc900\uc5d0\uc11c \ub354 \uc624\ub798\u2019 \uc720\uc9c0\ub418\ub294 \uc0c1\ud669\uc5d0 \ub300\ube44\ud558\ub294 \ubc29\ubc95\uc774 \ub420 \uc218 \uc788\ub2e4. \uc774\ub294 \uacac\uc870\ud55c \uc9c0\ud45c\uac00 \uc644\ud654(\uae08\ub9ac \uc778\ud558) \uc804\ud658 \uc2dc\uc810\uc744 \ub2a6\ucdc4\ub358 2025\ub144 \ub9d0 \uc2dc\uc7a5 \ubc18\uc751\uacfc \uc720\uc0ac\ud558\ub2e4. (\uc218\uc775\ub960\uc740 \ucc44\uad8c \uac00\uaca9\uacfc \ubc18\ub300\ub85c \uc6c0\uc9c1\uc774\uba70, \uae08\ub9ac \uc778\ud558 \uae30\ub300\uac00 \uc57d\ud574\uc9c0\uba74 \uc218\uc775\ub960\uc774 \uc624\ub974\uace0 \ucc44\uad8c \uac00\uaca9\uc740 \ud558\ub77d\ud558\uae30 \uc27d\ub2e4.)<\/p>\n

\uc8fc\uac00\uc9c0\uc218 \uce21\uba74\uc5d0\uc11c\ub294 \uc774\ubc88 \u2018\ub35c \ub098\uc05c\u2019 \uc9c0\ud45c\uac00 \uacbd\uae30 \uae09\ub77d \uc704\ud5d8\uc744 \ub2f9\uc7a5 \ud0a4\uc6b0\uc9c0\ub294 \uc54a\uc73c\uba74\uc11c, S&P500\uc758 \uc678\uac00\uaca9 \ud48b\uc635\uc158(\ud604\uc7ac \uc9c0\uc218\ubcf4\ub2e4 \ub0ae\uc740 \ud589\uc0ac\uac00\uc758 \ud48b)\uc744 \ub9e4\ub3c4\ud574 \ud504\ub9ac\ubbf8\uc5c4(\uc635\uc158 \uac00\uaca9)\uc744 \ubc1b\ub294 \uc804\ub7b5\uc774 \uad00\uc2ec\uc744 \ub04c \uc218 \uc788\ub2e4. VIX(\ubbf8 \uc99d\uc2dc \ubcc0\ub3d9\uc131 \uc9c0\uc218)\uac00 \ucd5c\uadfc 18 \uc544\ub798\ub85c \ub0b4\ub824\uc624\uba74\uc11c \uc635\uc158 \ud504\ub9ac\ubbf8\uc5c4\uc740 \uc904\uc5c8\uc9c0\ub9cc, \uacbd\uae30\uce68\uccb4 \uc6b0\ub824 \uc644\ud654\ub85c \uc778\ud55c \ud504\ub9ac\ubbf8\uc5c4 \uc218\ucde8 \uae30\ud68c\ub294 \ub0a8\uc544 \uc788\ub2e4. \uc2e4\uc5c5\uc218\ub2f9 \uccad\uad6c \uac74\uc218\ub3c4 \ucd5c\uadfc 3\uc8fc \uc5f0\uc18d \uac10\uc18c\ud574 21\ub9cc5000\uac74\uc744 \uae30\ub85d\ud558\uba70, \ub178\ub3d9\uc2dc\uc7a5\uc774 \ube44\uad50\uc801 \uacac\uc870\ud558\ub2e4\ub294 \uc810\uc744 \ub4b7\ubc1b\uce68\ud55c\ub2e4. (\uc2e0\uaddc \uc2e4\uc5c5\uc218\ub2f9 \uccad\uad6c\ub294 \uace0\uc6a9\uc2dc\uc7a5\uc758 \ub2e8\uae30 \uc628\ub3c4\ub97c \ubcf4\uc5ec\uc8fc\ub294 \ub300\ud45c \uc9c0\ud45c\ub2e4.)<\/p>\n

\uae08\ub9ac \uae30\ub300 \ubcc0\ud654\ub294 \ub2ec\ub7ec\uc5d0\ub3c4 \uc6b0\ud638\uc801\uc77c \uc218 \uc788\ub2e4. \ub2e4\ub978 \ub098\ub77c \uc911\uc559\uc740\ud589\uc774 \ub354 \uc644\ud654\uc801\uc778(\uae08\ub9ac \uc778\ud558\uc5d0 \uc801\uadf9\uc801\uc778) \ud1b5\ud654\uc815\ucc45\uc744 \ubcf4\uc77c\uc218\ub85d \ub2ec\ub7ec \uac15\uc138 \uc555\ub825\uc774 \ucee4\uc9c8 \uac00\ub2a5\uc131\uc774 \uc788\ub2e4. \uc774\uc5d0 \ub300\ud55c \ub300\uc751\uc73c\ub85c \ub2ec\ub7ec\uc778\ub371\uc2a4(DXY\u00b7\uc8fc\uc694 \ud1b5\ud654 \ub300\ube44 \ub2ec\ub7ec \uac00\uce58\ub97c \ub098\ud0c0\ub0b4\ub294 \uc9c0\uc218) \ucf5c\uc635\uc158(\uac00\uaca9 \uc0c1\uc2b9\uc5d0 \ubca0\ud305\ud558\ub294 \uad8c\ub9ac) \ub9e4\uc218\ub97c \uace0\ub824\ud560 \uc218 \uc788\ub2e4. DXY\ub294 \ucd5c\uadfc \ud55c \ub2ec\uac04 1.5% \uc0c1\uc2b9\ud588\ub2e4.<\/p>\n

Dollar Positioning<\/h3>\n","protected":false},"excerpt":{"rendered":"

\u201c\uace0\uc6a9 \uc1fc\ud06c\u201d \ud53c\ud588\ub098? ISM \uc11c\ube44\uc2a4\uc5c5 \uace0\uc6a9\uc9c0\uc218 45.2\u219248\ub85c \ubc18\ub4f1\ud588\uc9c0\ub9cc 50 \ud558\ud68c \uc9c0\uc18d. Fed \uc870\uae30 \uc778\ud558 \uba85\ubd84 \uc57d\ud654, \uae08\ub9ac\u00b7\ub2ec\ub7ec \uac15\uc138 \uc2dc\ub098\ub9ac\uc624\uc5d0 \uc635\uc158 \uc810\uac80 \ud544\uc694.<\/p>\n","protected":false},"author":87,"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-46218","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\/46218","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\/87"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/comments?post=46218"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/posts\/46218\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/media?parent=46218"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/categories?post=46218"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/tags?post=46218"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}