\uc6f0\uc2a4\ud30c\uace0 \uc774\ucf54\ub178\ubbf9\uc2a4\ub294 4\uc6d4 \ubbf8\uad6d \uc18c\ube44\uc790\ubb3c\uac00\uc9c0\uc218(CPI)\uac00 \uac15\uc138\ub97c \ubcf4\uc77c \uac83\uc73c\ub85c \uc608\uc0c1\ud588\ub2e4. \uc804\uccb4(\ud5e4\ub4dc\ub77c\uc778) \ubb3c\uac00\uc0c1\uc2b9\ub960\uc740 \uc804\ub144 \ub300\ube44 \uc57d 3.8%, \uadfc\uc6d0(\ucf54\uc5b4) \ubb3c\uac00\uc0c1\uc2b9\ub960\uc740 \uc804\ub144 \ub300\ube44 \uc57d 2.9%\ub85c \uc81c\uc2dc\ud588\ub2e4. \uc804\uc6d4 \ub300\ube44 \uae30\uc900\uc73c\ub85c\ub294 \ud5e4\ub4dc\ub77c\uc778 CPI\uac00 0.63%, \ucf54\uc5b4 CPI\uac00 0.50% \uc0c1\uc2b9\ud560 \uac83\uc73c\ub85c \uc804\ub9dd\ud588\ub2e4. <\/p>\n
\uc911\ub3d9 \ubd84\uc7c1\uacfc \uc5f0\ub3d9\ub41c \uc5d0\ub108\uc9c0 \uac00\uaca9(\ud718\ubc1c\uc720\u00b7\uc6d0\uc720 \ub4f1)\uc774 \ub192\uc740 \uc218\uc900\uc744 \uc720\uc9c0\ud558\uba70 \ub2e4\ub978 \ud488\ubaa9\u00b7\uc11c\ube44\uc2a4 \uac00\uaca9\uc5d0\ub3c4 \uc601\ud5a5\uc744 \uc8fc\ub294 \u2018\ud30c\uae09 \ud6a8\uacfc(\uc6d0\uac00 \uc0c1\uc2b9\uc774 \ub2e4\ub978 \uac00\uaca9\uc73c\ub85c \ubc88\uc9c0\ub294 \ud604\uc0c1)\u2019\uac00 \ub098\ud0c0\ub0a0 \uac83\uc73c\ub85c \ubd24\ub2e4. \uc6d4\uac04 \uc0c1\uc2b9\uc758 \uc0c1\ub2f9 \ubd80\ubd84\uc740 \uadfc\uc6d0 \uc11c\ube44\uc2a4 \ubb3c\uac00(\uc5d0\ub108\uc9c0\u00b7\uc2dd\ud488\uc744 \uc81c\uc678\ud55c \uc11c\ube44\uc2a4 \uac00\uaca9)\uac00 \uacac\uc778\ud560 \uac83\uc73c\ub85c \uc608\uc0c1\ud588\ub2e4. <\/p>\n
\uc8fc\uac70\ube44(\uc178\ud130) \ubb3c\uac00(\uc784\ub300\ub8cc\u00b7\uc790\uac00\uc8fc\uac70\ube44 \ub4f1 \uc8fc\uac70 \uad00\ub828 \ube44\uc6a9)\ub294 4\uc6d4\uc5d0 \ucd5c\uadfc\ubcf4\ub2e4 \uc57d 2\ubc30 \ube60\ub978 \uc18d\ub3c4\ub85c \uc624\ub97c \uac83\uc73c\ub85c \uc608\uc0c1\ud588\ub2e4. \uc774\ub294 \uc815\ubd80 \uc167\ub2e4\uc6b4(\uc5f0\ubc29\uc815\ubd80 \uae30\ub2a5 \uc77c\ubd80 \uc911\ub2e8) \uacfc\uc815\uc5d0\uc11c \ubc1c\uc0dd\ud55c \uc870\uc0ac(\uc124\ubb38) \ubb38\uc81c\uc758 \u2018\uae30\uc800\/\ubc18\uc804 \ud6a8\uacfc(\uc77c\uc2dc\uc801 \uc65c\uace1\uc774 \ub418\ub3cc\ub824\uc9c0\uba70 \uc218\uce58\uac00 \ud280\ub294 \ud604\uc0c1)\u2019\uac00 \ubc18\uc601\ub418\uae30 \ub54c\ubb38\uc774\ub77c\uace0 \uc124\uba85\ud588\ub2e4. \ub2e4\ub9cc 5\uc6d4\ubd80\ud130\ub294 \uc2e4\uc2dc\uac04 \uc784\ub300\ub8cc \uc9c0\ud45c(\ucd5c\uadfc \uacc4\uc57d \uc784\ub300\ub8cc\ub97c \ube60\ub974\uac8c \ubc18\uc601\ud558\ub294 \ubbfc\uac04 \uc9c0\ud45c)\ub97c \uadfc\uac70\ub85c \uc8fc\uac70\ube44 \ubb3c\uac00\uac00 \ub2e4\uc2dc \ub454\ud654\ud560 \uac83\uc73c\ub85c \ub0b4\ub2e4\ubd24\ub2e4. <\/p>\n
\uc8fc\uac70\ube44\ub97c \uc81c\uc678\ud55c \uc11c\ube44\uc2a4 \ubb3c\uac00\ub294 \uac15\uc138\ub97c \uc720\uc9c0\ud560 \uc804\ub9dd\uc774\ub2e4. \ud2b9\ud788 \ud56d\uacf5\uc720(\uc81c\ud2b8\uc5f0\ub8cc) \uac00\uaca9 \uc0c1\uc2b9\uc774 \ud56d\uacf5\uc6b4\uc784\uc744 \ub04c\uc5b4\uc62c\ub9b4 \uac83\uc73c\ub85c \ubd24\ub2e4. \uc6f0\uc2a4\ud30c\uace0\ub294 \uc62c\ud574 \ub0b4\ub0b4 \ucf54\uc5b4 CPI\uac00 \uc804\ub144 \ub300\ube44 3.0% \uc548\ud30e\uc744 \uc720\uc9c0\ud560 \uac83\uc73c\ub85c \uc804\ub9dd\uc744 \uc720\uc9c0\ud588\ub2e4. <\/p>\n
\ub610 \uc784\uae08 \uc0c1\uc2b9\uc138 \ub454\ud654\ub85c \uc2e4\uc9c8 \uad6c\ub9e4\ub825(\ubb3c\uac00\ub97c \uac10\uc548\ud55c \uc18c\ube44 \uc5ec\ub825)\uc774 \uc57d\ud574\uc9c0\uba74\uc11c \uae30\uc5c5\uc774 \ube44\uc6a9 \uc0c1\uc2b9\ubd84\uc744 \uac00\uaca9\uc5d0 \uc804\uac00\ud558\uae30(\ud310\ub9e4\uac00 \uc778\uc0c1\uc73c\ub85c \ub5a0\ub118\uae30\uae30) \uc5b4\ub824\uc6cc\uc9c8 \uc218 \uc788\ub2e4\uace0 \uc9c0\uc801\ud588\ub2e4. \uc774\uc5d0 \ub530\ub77c \uc5f0\ub9d0\ub85c \uac08\uc218\ub85d \ubb3c\uac00 \uc0c1\uc2b9 \uc555\ub825\uc740 \ub2e4\uc18c \uc644\ud654\ub418\uaca0\uc9c0\ub9cc, \uc804\ubc18\uc801\uc778 \ubb3c\uac00 \uc555\ub825\uc740 \uc5ec\uc804\ud788 \uacac\uc870\ud560 \uac83\uc73c\ub85c \uc608\uc0c1\ud588\ub2e4. <\/p>\n
2025\ub144\uc758 \uc6b0\ub824\ub294 \uc0c1\ub2f9 \ubd80\ubd84 \ud604\uc2e4\ud654\ub410\ub2e4. \uc8fc\uac70\ube44 \ubb3c\uac00\uac00 \ud558\ubc18\uae30 \ub4e4\uc5b4\uc11c\ub3c4 \uae30\ub300\ub9cc\ud07c \ube60\ub974\uac8c \uc2dd\uc9c0 \uc54a\uc558\uace0, \uadfc\uc6d0 \uc11c\ube44\uc2a4 \ubb3c\uac00\ub3c4 \uc27d\uac8c \ub0b4\ub824\uc624\uc9c0 \uc54a\uc73c\uba74\uc11c \uc5f0\uc900(Fed\u00b7\ubbf8 \uc5f0\ubc29\uc900\ube44\uc81c\ub3c4)\uc774 2025\ub144 \ub300\ubd80\ubd84 \uae30\uac04 \uacbd\uacc4 \ud0dc\uc138\ub97c \uc720\uc9c0\ud588\ub2e4. \uc774\ub294 \ubb3c\uac00\ub97c \uc644\uc804\ud788 \ud1b5\uc81c(\uc548\uc815 \uada4\ub3c4 \ubcf5\uadc0)\ud558\ub294 \uc77c\uc774 \uc5bc\ub9c8\ub098 \uc5b4\ub824\uc6e0\ub294\uc9c0\ub97c \ubcf4\uc5ec\uc900\ub2e4\uace0 \ud3c9\uac00\ud588\ub2e4. <\/p>\n
2026\ub144 5\uc6d4 \ud604\uc7ac\ub3c4 \ube44\uc2b7\ud55c \ud750\ub984\uc774 \uc774\uc5b4\uc9c0\uace0 \uc788\ub2e4. \ucd5c\uc2e0 4\uc6d4 CPI\uc5d0\uc11c \ud5e4\ub4dc\ub77c\uc778\uc740 3.6%\uc600\uc9c0\ub9cc \ucf54\uc5b4\ub294 \uc608\uc0c1\ubcf4\ub2e4 \uac15\ud55c 3.7%\ub85c \ub098\ud0c0\ub0ac\ub2e4. \ucd5c\uadfc \uc9c0\ud45c\ub3c4 \uc774\ub97c \ub4b7\ubc1b\uce68\ud55c\ub2e4. 2026\ub144 4\uc6d4 \uc18c\ub9e4\ud310\ub9e4\ub294 \uc804\uc6d4 \ub300\ube44 0.5% \uc99d\uac00\ud574 \uc18c\ube44 \uc218\uc694\uac00 \uacac\uc870\ud568\uc744 \uc2dc\uc0ac\ud588\ub2e4. \uc774\ub7f0 \ud658\uacbd\uc740 \uc5f0\uc900\uc758 \ubb3c\uac00 \ubaa9\ud45c(2%) \ub2ec\uc131\uc744 \ub354\uc6b1 \uc5b4\ub835\uac8c \ub9cc\ub4e0\ub2e4. <\/p>\n
\ubb3c\uac00\uac00 \uc27d\uac8c \uaebe\uc774\uc9c0 \uc54a\ub294 \ub9cc\ud07c, \uae08\ub9ac\uac00 \u2018\ub354 \ub192\uace0 \ub354 \uc624\ub798(higher for longer\u00b7\uace0\uae08\ub9ac \uc7a5\uae30\ud654)\u2019 \uc720\uc9c0\ub418\ub294 \ud658\uacbd\uc5d0 \ub300\ube44\ud560 \ud544\uc694\uac00 \uc788\ub2e4\ub294 \ud310\ub2e8\uc774\ub2e4. \ud2b8\ub808\uc774\ub354\ub294 SOFR \uc635\uc158(\ub2f4\ubcf4\ubd80 \ucd08\ub2e8\uae30 \uae08\ub9ac\uc778 SOFR\uc744 \uae30\uc900\uc73c\ub85c \ud55c \ud30c\uc0dd\uc0c1\ud488)\uc744 \ud65c\uc6a9\ud574 \uc5f0\uc900\uc758 \uae08\ub9ac \uc778\ud558\uac00 2027\ub144\uc73c\ub85c \ub354 \ub2a6\ucdb0\uc9c8 \uc704\ud5d8\uc744 \ud5e4\uc9c0(\uc704\ud5d8\uc744 \uc0c1\uc1c4\ud558\ub3c4\ub85d \ud3ec\uc9c0\uc158\uc744 \uc9dc\ub294 \uac83)\ud558\ub294 \ubc29\uc548\uc744 \uace0\ub824\ud560 \uc218 \uc788\ub2e4\uace0 \ud588\ub2e4. \ud604\uc7ac \uc120\ubb3c\uc2dc\uc7a5\uc740 2026\ub144 \ub9d0\uae4c\uc9c0 25bp(\ubca0\uc774\uc2dc\uc2a4\ud3ec\uc778\ud2b8\u00b70.01%\ud3ec\uc778\ud2b8) 1\ud68c \uc778\ud558\ub9cc\uc744 \ubc18\uc601\ud558\uace0 \uc788\ub294\ub370, \uc774\ub294 \ubd88\uacfc \uba87 \ub2ec \uc804 3\ud68c \uc778\ud558 \uae30\ub300\uc5d0\uc11c \ud06c\uac8c \ud6c4\ud1f4\ud55c \uc218\uc900\uc774\ub2e4. <\/p>\n
\ubb3c\uac00\uc640 \uc5f0\uc900 \uc815\ucc45\uc744 \ub458\ub7ec\uc2fc \ubd88\ud655\uc2e4\uc131\uc740 \ud5a5\ud6c4 \uba87 \uc8fc\uac04 \uc2dc\uc7a5 \ubcc0\ub3d9\uc131 \ud655\ub300 \uac00\ub2a5\uc131\uc744 \uc2dc\uc0ac\ud55c\ub2e4. VIX(\ubbf8 \uc99d\uc2dc \ubcc0\ub3d9\uc131\uc9c0\uc218\u00b7S&P500 \uc635\uc158 \uac00\uaca9\uc73c\ub85c \uacc4\uc0b0\ub418\ub294 \u2018\uacf5\ud3ec\uc9c0\uc218\u2019)\ub294 \ud604\uc7ac 14 \ubd80\uadfc\uc5d0\uc11c \uac70\ub798\ub418\uace0 \uc788\uc73c\ub098, \ub2e4\uc74c FOMC(\uc5f0\ubc29\uacf5\uac1c\uc2dc\uc7a5\uc704\uc6d0\ud68c\u00b7\uc5f0\uc900\uc758 \uae08\ub9ac \uacb0\uc815 \ud68c\uc758)\uc5d0\uc11c \ub9e4\ud30c\uc801(\ud1b5\ud654\uae34\ucd95 \uc131\ud5a5) \u2018\uc11c\ud504\ub77c\uc774\uc988\u2019\uac00 \ub098\uc62c \uc704\ud5d8\uc744 \ucda9\ubd84\ud788 \ubc18\uc601\ud558\uc9c0 \ubabb\ud560 \uc218 \uc788\ub2e4\uace0 \ubd24\ub2e4. VIX \ucf5c\uc635\uc158(\uc624\ub97c \ub54c \uc774\uc775\uc774 \ub098\ub294 \ub9e4\uc218 \uad8c\ub9ac)\uc774\ub098 \uc120\ubb3c\uc740 \uae09\ub77d \uc2dc \ud3ec\ud2b8\ud3f4\ub9ac\uc624\ub97c \ubc29\uc5b4\ud558\ub294 \ud5e4\uc9c0 \uc218\ub2e8\uc774 \ub420 \uc218 \uc788\ub2e4\uace0 \ud588\ub2e4. <\/p>\n
2025\ub144\uc5d0 \uc81c\uae30\ub410\ub358 \uc5d0\ub108\uc9c0 \uac00\uaca9\uc758 \ud30c\uae09 \ud6a8\uacfc \uc6b0\ub824\uc640 \ub9c8\ucc2c\uac00\uc9c0\ub85c, \uc9c0\uc815\ud559\uc801 \uae34\uc7a5\uc740 \uc720\uac00\ub97c \uc9c0\uc9c0\ud558\uace0 \uc788\ub2e4. WTI(\uc11c\ubd80\ud14d\uc0ac\uc2a4\uc0b0\uc6d0\uc720\u00b7\ubbf8\uad6d \uae30\uc900 \uc720\uc885) \uac00\uaca9\uc740 \ubc30\ub7f4\ub2f9 85\ub2ec\ub7ec\ub97c \uc6c3\ub3c4\ub294 \uc218\uc900\uc774\ub2e4. \uc774\ub294 \uc5d0\ub108\uc9c0 \ud30c\uc0dd\uc0c1\ud488(\uc6d0\uc720 \uc120\ubb3c\u00b7\uc635\uc158 \ub4f1)\uc5d0\uc11c \uae30\ud68c\uac00 \ub420 \uc218 \uc788\ub2e4. WTI \ub610\ub294 \ube0c\ub80c\ud2b8\uc720 \uc120\ubb3c(\ubbf8\ub798 \uac00\uaca9\uc73c\ub85c \uac70\ub798\ud558\ub294 \uacc4\uc57d) \ub9e4\uc218(\ub871)\ub098 \ucf5c\uc635\uc158 \ub9e4\uc218\ub294 \uc5d0\ub108\uc9c0 \uc8fc\ub3c4\uc758 \ubb3c\uac00 \uc555\ub825\uc774 \uc9c0\uc18d\ub420 \ub54c \ud65c\uc6a9 \uac00\ub2a5\ud55c \uc804\ub7b5\uc774\ub77c\uace0 \uc81c\uc2dc\ud588\ub2e4.<\/p>\n","protected":false},"excerpt":{"rendered":"
\u201c4\uc6d4 CPI \ub610 \ub72c\ub2e4\u201d \uc6f0\uc2a4\ud30c\uace0, \ud5e4\ub4dc\ub77c\uc778 3.8%\u00b7\ucf54\uc5b4 2.9% \uc804\ub9dd. \uc5d0\ub108\uc9c0 \ud30c\uae09\u00b7\uc8fc\uac70\ube44 \ubc18\uc804\uc774 \uc11c\ube44\uc2a4 \ubb3c\uac00 \uc790\uadf9, \uace0\uae08\ub9ac \uc7a5\uae30\ud654 \uacbd\uace0\uc640 SOFR\u00b7VIX\u00b7\uc720\uac00 \ud5e4\uc9c0 \uc81c\uc2dc.<\/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-46527","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\/46527","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=46527"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/posts\/46527\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/media?parent=46527"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/categories?post=46527"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/tags?post=46527"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}