\ucf00\ube48 \uc6cc\uc2dc\uac00 5\uc6d4 22\uc77c \ubc31\uc545\uad00\uc5d0\uc11c \uc81c17\ub300 \uc5f0\ubc29\uc900\ube44\uc81c\ub3c4(Fed\u00b7\ubbf8 \uc911\uc559\uc740\ud589) \uc758\uc7a5\uc73c\ub85c \ucde8\uc784 \uc120\uc11c\ub97c \ud558\uba74\uc11c, \uc5f0\uc900\uc774 \ud1b5\ud654\uc815\ucc45\uc744 \uc5b4\ub5bb\uac8c \uc124\uba85(\uc18c\ud1b5)\ud560\uc9c0\ub97c \ub458\ub7ec\uc2fc \ubd88\ud655\uc2e4\uc131\uc774 \ucee4\uc9c0\uace0 \uc788\ub2e4. \ub3c4\ub110\ub4dc \ud2b8\ub7fc\ud504 \ub300\ud1b5\ub839\uc740 \uae08\ub9ac \uc778\ud558 \uc120\ud638\ub97c \uc7ac\ud655\uc778\ud588\uace0, \uc6cc\uc2dc\ub294 \u2018\uac1c\ud601\ud615 \uc5f0\uc900\u2019\uc744 \ub0b4\uc138\uc6b0\uba70 \uacfc\uac70 \ub370\uc774\ud130\uc5d0\ub9cc \uc758\uc874\ud558\ub294 \ub0a1\uc740 \uacbd\uc81c \uad00\ud589\uc5d0\uc11c \ubc97\uc5b4\ub098\uaca0\ub2e4\uace0 \ubc1d\ud614\ub2e4. \ub610\ud55c \uc5f0\uc900\uc758 **\uc774\uc911 \ucc45\ubb34(dual mandate: \ubb3c\uac00 \uc548\uc815\uacfc \uace0\uc6a9\u00b7\uc131\uc7a5 \uc9c0\uc6d0)**\ub97c \u2018\ub0ae\uc740 \uc778\ud50c\ub808\uc774\uc158(\ubb3c\uac00\uc0c1\uc2b9\ub960)\uacfc \ub354 \uac15\ud55c \uc131\uc7a5\u2019\uc73c\ub85c \uc124\uba85\ud558\uace0, **\ub300\ucc28\ub300\uc870\ud45c \ucd95\uc18c(\uc591\uc801\uae34\ucd95: QT, \uc5f0\uc900\uc774 \ubcf4\uc720\ud55c \uad6d\ucc44\u00b7MBS\ub97c \uc904\uc5ec \uc2dc\uc911 \uc720\ub3d9\uc131\uc744 \ud761\uc218\ud558\ub294 \uac83)**\ub3c4 \ucd94\uc9c4\ud558\uaca0\ub2e4\ub294 \ubc29\ud5a5\uc744 \uc81c\uc2dc\ud588\ub2e4.<\/p>\n
\uc6cc\uc2dc\ub294 \uc55e\uc73c\ub85c **\ud3ec\uc6cc\ub4dc \uac00\uc774\ub358\uc2a4(\uc0ac\uc804 \uc608\uace0\uc2dd \uc815\ucc45 \uc2e0\ud638: \ud5a5\ud6c4 \uae08\ub9ac \uacbd\ub85c\ub97c \ubbf8\ub9ac \uc554\uc2dc\ud574 \uc2dc\uc7a5 \uae30\ub300\ub97c \uc870\uc808\ud558\ub294 \ubc29\uc2dd)**\uc5d0\uc11c \ubb3c\ub7ec\uc11c\uba70, \ud2b9\ud788 **\ub3c4\ud2b8\ud50c\ub86f(dot plot: FOMC \ucc38\uac00\uc790\ub4e4\uc774 \uc0dd\uac01\ud558\ub294 \ud5a5\ud6c4 \uae30\uc900\uae08\ub9ac \uc218\uc900\uc744 \uc810\uc73c\ub85c \ud45c\uc2dc\ud55c \uc804\ub9dd\ud45c)**\uacfc \uae30\uc790\ud68c\uacac \u2018\ubb38\uad6c \ud574\uc11d\u2019\uc758 \ube44\uc911\uc744 \ub0ae\ucd9c \uac83\uc73c\ub85c \uc608\uc0c1\ub41c\ub2e4. 6\uc6d4 \uacf5\uac1c\ub420 **\uacbd\uc81c\uc804\ub9dd\uc694\uc57d(SEP: \uc5f0\uc900\uc774 \uc131\uc7a5\u00b7\ubb3c\uac00\u00b7\uc2e4\uc5c5\ub960 \ubc0f \uae08\ub9ac \uc804\ub9dd\uc744 \uc815\ub9ac\ud574 \ubc1c\ud45c\ud558\ub294 \uc790\ub8cc)**\uc5d0\uc11c **\uae08\ub9ac \uc804\ub9dd(\uc77c\uba85 \uc810\ub3c4\ud45c)** \uc790\uccb4\ub97c \uc544\uc608 \ub0b4\ub193\uc9c0 \uc54a\uc744 \uac00\ub2a5\uc131\ub3c4 \uac70\ub860\ub41c\ub2e4. \uc774\ub807\uac8c \ub418\uba74 \uc5f0\ubc29\uacf5\uac1c\uc2dc\uc7a5\uc704\uc6d0\ud68c(**FOMC: \uc5f0\uc900\uc758 \uae08\ub9ac \uacb0\uc815\uc744 \ud558\ub294 \ud68c\uc758\uccb4**)\uac00 \u2018\ubbf8\ub9ac \uc815\ud574\ub454 \uc815\ucc45 \uacbd\ub85c\u2019\ub97c \ub530\ub97c \uac83\uc774\ub77c\ub294 \uc2dc\uc7a5\uc758 \uc778\uc2dd\uc774 \uc57d\ud574\uc9c8 \uc218 \uc788\ub2e4. \uc6cc\uc2dc\uc758 \uccab \uc758\uc7a5 \uc8fc\uc7ac FOMC\ub294 6\uc6d4 17\uc77c\ub85c \uc608\uc815\ub3fc \uc788\uc9c0\ub9cc, \uc774\ubc88 \uc8fc \ubaa9\uc694\uc77c \ubc1c\ud45c\ub418\ub294 **PCE \ubb3c\uac00\uc9c0\uc218(\uac1c\uc778\uc18c\ube44\uc9c0\ucd9c \ubb3c\uac00: \uc5f0\uc900\uc774 \uc120\ud638\ud558\ub294 \ubb3c\uac00 \uc9c0\ud45c)**\uac00 \uc608\uc0c1\ubcf4\ub2e4 \ub192\uac8c \ub098\uc624\uba74 \uc2dc\uc7a5 \ubc0f \uc5f0\uc900 \ub0b4\ubd80\uc640\uc758 \uae34\uc7a5\uc744 \ud0a4\uc6b0\uba70 \ub2ec\ub7ec \ud3ec\uc9c0\uc154\ub2dd(\ub2ec\ub7ec \ub9e4\uc218\u00b7\ub9e4\ub3c4 \ubc29\ud5a5 \uc120\ud0dd)\uc5d0\ub3c4 \ubd88\ud655\uc2e4\uc131\uc744 \ub354\ud560 \uc218 \uc788\ub2e4.<\/p>\n
\uc6cc\uc2dc \uc758\uc7a5 \uccb4\uc81c \ucd9c\ubc94(5\uc6d4 22\uc77c \ucde8\uc784 \uc120\uc11c)\uacfc \ud568\uaed8 \uc5f0\uc900\uc758 \u2018\uc0ac\uc804 \uc2e0\ud638\u2019\uac00 \uc57d\ud574\uc9c0\uba70 \ubd88\ud655\uc2e4\uc131\uc774 \ucee4\uc9c0\ub294 \uad6d\uba74\uc73c\ub85c \uc9c4\uc785\ud588\ub2e4\uace0 \ubcf8\ub2e4. \ud2b9\ud788 \ub3c4\ud2b8\ud50c\ub86f \ucd95\uc18c\ub294 \ud1b5\ud654\uc815\ucc45 \ubcc0\ud654\ub97c \uc608\uce21\ud558\ub294 \ud575\uc2ec \ub2e8\uc11c \ud558\ub098\uac00 \uc0ac\ub77c\uc9c0\ub294 \uc148\uc774\uc5b4\uc11c, \ub2e8\uae30\uac04 \uc5f0\uc900 \ubc1c(\u767c) \uc815\ucc45 \uac00\uc2dc\uc131\uc740 \ub0ae\uc544\uc9c8 \uac00\ub2a5\uc131\uc774 \ud06c\ub2e4.<\/p>\n
\uc2dc\uc7a5\uc758 \uc2dc\uc120\uc740 \uc774\ubc88 \uc8fc \ubaa9\uc694\uc77c \ubc1c\ud45c\ub418\ub294 PCE\uc5d0 \uc3e0\ub824 \uc788\ub2e4. \ud604\uc7ac \uc2dc\uc7a5 \uc608\uc0c1\uce58\ub85c\ub294 \uadfc\uc6d0 PCE(\ubcc0\ub3d9\uc131\uc774 \ud070 \uc2dd\ud488\u00b7\uc5d0\ub108\uc9c0\ub97c \uc81c\uc678\ud55c \ubb3c\uac00)\uac00 \uc804\ub144 \ub300\ube44 \uc57d 2.7% \uc218\uc900\uc774\ub2e4. \ub9cc\uc57d 3.0% \uc774\uc0c1\uc73c\ub85c \ub192\uac8c \ub098\uc624\uba74, \uc5f0\uc900\uc758 \uba85\ud655\ud55c \u2018\uae38\uc548\ub0b4\u2019\uac00 \uc57d\ud574\uc9c4 \uc0c1\ud669\uc5d0\uc11c \uc2dc\uc7a5 \ub9c8\ucc30\uc774 \ucee4\uc9c8 \uc218 \uc788\ub2e4. \uc774 \uacbd\uc6b0 \ubcc0\ub3d9\uc131 \ud655\ub300 \uac00\ub2a5\uc131\uc5d0 \ub300\ube44\ud560 \ud544\uc694\uac00 \uc788\ub2e4. \uc2e4\uc81c\ub85c \ucc44\uad8c\uc2dc\uc7a5\uc758 **MOVE \uc9c0\uc218(\ubbf8\uad6d \uad6d\ucc44 \uae08\ub9ac \ubcc0\ub3d9\uc131 \uc9c0\uc218: \ucc44\uad8c\uc2dc\uc7a5\uc758 \u2018\uacf5\ud3ec\uc9c0\uc218\u2019\ub85c \ubd88\ub9bc)**\uac00 \ucd5c\uadfc 100\uc744 \uc6c3\ub3cc\uba70 \ubd88\uc548 \uc2ec\ub9ac\ub97c \ubc18\uc601\ud558\uace0 \uc788\ub2e4.<\/p>\n
\uc774\ub7f0 \ud658\uacbd\uc740 \ubc29\ud5a5\uc131 \ubca0\ud305(\ud55c \ubc29\ud5a5\uc73c\ub85c\ub9cc \uae08\ub9ac\u00b7\ud658\uc728\uc774 \uc6c0\uc9c1\uc77c \uac83\uc774\ub77c\ub294 \ud22c\uc790)\ubcf4\ub2e4 \uac00\uaca9 \ubcc0\ub3d9 \ud655\ub300\uc5d0\uc11c \uc774\uc775\uc744 \ubcf4\ub294 \uc804\ub7b5\uc774 \uc720\ub9ac\ud574\uc9c8 \uc218 \uc788\uc74c\uc744 \uc2dc\uc0ac\ud55c\ub2e4. **\uae08\ub9ac\uc120\ubb3c \uc635\uc158**\uacfc \uc8fc\uc694 **\ub2ec\ub7ec \ud1b5\ud654\uc30d(FX: \uc678\ud658)**\uc5d0\uc11c \ubcc0\ub3d9\uc131 \ub9e4\uc218(\ub871 \ubcfc\ub77c) \uc804\ub7b5\uc774 \ub300\uc548\uc774 \ub420 \uc218 \uc788\ub2e4. \uc608\ub97c \ub4e4\uc5b4 **\uc2a4\ud2b8\ub798\ub4e4(straddle: \uac19\uc740 \ub9cc\uae30\u00b7\uac19\uc740 \ud589\uc0ac\uac00\uc758 \ucf5c\uc635\uc158\uacfc \ud48b\uc635\uc158\uc744 \ud568\uaed8 \ub9e4\uc218\ud574 \ud070 \ubcc0\ub3d9\uc774 \ub098\uc624\uba74 \uc774\uc775)** \ub610\ub294 **\uc2a4\ud2b8\ub7ad\uae00(strangle: \uc11c\ub85c \ub2e4\ub978 \ud589\uc0ac\uac00\uc758 \ucf5c\u00b7\ud48b\uc744 \ub9e4\uc218\ud574 \ud070 \ubcc0\ub3d9\uc5d0 \ubca0\ud305)**\uc740 \uae08\ub9ac\uac00 \ud06c\uac8c \uc624\ub974\uac70\ub098 \ub0b4\ub824\ub3c4 \uc218\uc775 \uae30\ud68c\uac00 \uc0dd\uaca8, \u2018\ubd88\ud655\uc2e4\uc131 \uadf8 \uc790\uccb4\u2019\uc5d0 \ud22c\uc790\ud558\ub294 \ubc29\uc2dd\uc774\ub2e4.<\/p>\n
\uc774\ubc88 \uc815\ucc45 \uc18c\ud1b5\uc758 \ubaa8\ud638\uc131\uc740 \uc568\ub7f0 \uadf8\ub9b0\uc2a4\ud380 \uc2dc\uc808\uc758 \uc774\ub978\ubc14 \u2018\uc5f0\uc900 \ud654\ubc95(Fedspeak: \ubaa8\ud638\ud55c \ud45c\ud604\uc73c\ub85c \uc2dc\uc7a5\uc774 \ubb38\uc7a5\uc744 \ud574\uc11d\ud558\uac8c \ub9cc\ub4dc\ub294 \uc18c\ud1b5 \ubc29\uc2dd)\u2019\uc744 \ub5a0\uc62c\ub9ac\uac8c \ud55c\ub2e4. 6\uc6d4 17\uc77c FOMC\ub97c \uc55e\ub450\uace0 \uac01\uc885 \uc9c0\ud45c\uc640 \ubc1c\uc5b8\uc774 \uacfc\ub3c4\ud558\uac8c \ud574\uc11d\ub418\uba70 \ucd94\uce21\uc774 \ub298\uc5b4\ub0a0 \uac00\ub2a5\uc131\uc774 \ud06c\ub2e4. \uadf8 \uacb0\uacfc \uae08\ub9ac\u00b7\uc678\ud658 \uc2dc\uc7a5 \uc804\ubc18\uc5d0\uc11c **\ub0b4\uc7ac\ubcc0\ub3d9\uc131(implied volatility: \uc635\uc158 \uac00\uaca9\uc5d0 \ubc18\uc601\ub41c \ud5a5\ud6c4 \ubcc0\ub3d9\uc131 \uae30\ub300\uce58)**\uc774 \ub192\uc740 \uc218\uc900\uc744 \uc720\uc9c0\ud560 \uc218 \uc788\ub2e4.<\/p>\n","protected":false},"excerpt":{"rendered":"
\u2018\uc6cc\uc2dc \uc5f0\uc900\u2019 \ucd9c\ubc94\uc5d0 \ud3ec\uc6cc\ub4dc\uac00\uc774\ub358\uc2a4\u00b7\ub3c4\ud2b8\ud50c\ub86f \ucd95\uc18c \uac00\ub2a5\uc131\uae4c\uc9c0\u2026\uae08\ub9ac \uae38\uc548\ub0b4 \uc57d\ud654\ub85c \ubd88\ud655\uc2e4\uc131 \ud655\ub300. PCE \uc1fc\ud06c \ub550 \ub2ec\ub7ec\u00b7\ucc44\uad8c \ubcc0\ub3d9\uc131 \uae09\ub4f1, \ub871\ubcfc\ub77c \uc804\ub7b5 \ubd80\uc0c1.<\/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-47339","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\/47339","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=47339"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/posts\/47339\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/media?parent=47339"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/categories?post=47339"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/tags?post=47339"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}