TD\uc99d\uad8c\uc758 \uc774\ucf54\ub178\ubbf8\uc2a4\ud2b8\ub4e4\uc740 5\uc6d4 \ubbf8\uad6d CPI\uac00 \uadfc\uc6d0 \ubb3c\uac00\uc758 \ub454\ud654 \ubaa8\uba58\ud140\uc744 \ubcf4\uc5ec\uc8fc\uaca0\uc9c0\ub9cc, \uc5ec\uc804\ud788 \ub192\uc740 \uc218\uc900\uc744 \uc720\uc9c0\ud560 \uac83\uc73c\ub85c \uc804\ub9dd\ud588\ub2e4. \uc774\ub4e4\uc740 \uadfc\uc6d0 CPI\uac00 \uc804\uc6d4 \ub300\ube44 0.23%, \uc804\ub144 \ub300\ube44 2.8% \uc0c1\uc2b9\ud560 \uac83\uc73c\ub85c \ubcf4\ub294 \ud55c\ud3b8, \ud5e4\ub4dc\ub77c\uc778 CPI\ub294 \ucd94\uac00\ub85c 0.4%\ud3ec\uc778\ud2b8 \uc0c1\uc2b9\ud558\uba70 \uc804\ub144 \ub300\ube44 4.2%\uae4c\uc9c0 \uc62c\ub77c\uac08 \uac83\uc73c\ub85c \uc608\uc0c1\ud588\ub2e4. \uc774\ubc88 \uc804\ub9dd\uc740 \uc9c1\uc804 \ubcf4\uace0\uc11c\uc5d0\uc11c \uc77c\uc2dc\uc801\uc73c\ub85c \ud655\ub300\ub410\ub358 \uc8fc\uac70\ube44 \uc0c1\uc2b9\uc774 \u2018\uc815\uc0c1\ud654(normalisation)\u2019\ub418\ub294 \ud750\ub984\uc744 \uc804\uc81c\ub85c \ud558\uba70, \uc5d0\ub108\uc9c0 \uad00\ub828 \uc555\ub825\uc774 \ud56d\uacf5\uc694\uae08 \uac15\uc138\ub97c \ud1b5\ud574 \uadfc\uc6d0 \uc11c\ube44\uc2a4 \ubb3c\uac00\uc5d0 \ud30c\uae09\ub418\ub294 \uc810\ub3c4 \ud568\uaed8 \ubc18\uc601\ub410\ub2e4.<\/p>\n
\uc138\ubd80 \ud56d\ubaa9\uc73c\ub85c\ub294 5\uc6d4 \uc7ac\ud654 \ubb3c\uac00\uac00 \uc804\uc6d4 \ub300\ube44 0.13% \uc0c1\uc2b9\ud574 3\uac1c\uc6d4 \ud3c9\uade0\uacfc \ube44\uc2b7\ud55c \uc218\uc900\uc744 \uae30\ub85d\ud560 \uac83\uc73c\ub85c \ub0b4\ub2e4\ubd24\ub2e4. \uac00\uacc4\uc6a9\ud488, \uc758\ub958 \ub4f1 \ud488\ubaa9\uc774 \uc624\ub974\uba70 \uc790\ub3d9\ucc28\ub97c \uc81c\uc678\ud55c \uadfc\uc6d0 \uc7ac\ud654\uac00 \uc0c1\uc2b9\ubd84\uc758 \ub300\ubd80\ubd84\uc744 \uc124\uba85\ud560 \uac83\uc73c\ub85c \uc608\uc0c1\ud588\ub2e4. \ub2e4\ub9cc \uc911\uace0\ucc28 \uac00\uaca9\uc774 \ucd94\uac00 \ud558\ub77d\ud574 \uc0c1\uc2b9\ud3ed\uc758 \uc77c\ubd80\ub97c \uc0c1\uc1c4\ud560 \uc804\ub9dd\uc774\ub2e4. \ud5a5\ud6c4\uc5d0\ub294 \uc720\uac00 \ucda9\uaca9\uacfc \uc794\uc874 \uad00\uc138 \uc804\uac00 \ud6a8\uacfc\uac00 6\uc6d4 \uadfc\uc6d0 \ubb3c\uac00\ub97c \uc804\ub144 \ub300\ube44 3.0% \uc218\uc900\uc73c\ub85c \ub04c\uc5b4\uc62c\ub9b4 \uac83\uc73c\ub85c \ubd24\uc73c\uba70, \uc81c\ud2b8\uc5f0\ub8cc \ube44\uc6a9\uc774 \uc608\uc0c1\ubcf4\ub2e4 \ub354 \ud06c\uac8c \ud56d\uacf5\uc694\uae08\uc73c\ub85c \uc804\uac00\ub420 \uacbd\uc6b0 \uc0c1\ubc29 \ub9ac\uc2a4\ud06c\uac00 \uc788\ub2e4\uace0 \ud588\ub2e4. \ub610\ud55c 2026\ub144\uc5d0\ub294 \uc804\ub144 \ub300\ube44 \uae30\uc900\uc73c\ub85c \uc81c\ud55c\uc801\uc778 \uac1c\uc120\uc5d0 \uadf8\uce60 \uac83\uc73c\ub85c \uc804\ub9dd\ud588\ub2e4.<\/p>\n
—<\/p>\n
\uc624\ub298(2026\ub144 6\uc6d4 8\uc77c) \uae30\uc900\uc73c\ub85c, \uace7 \ubc1c\ud45c\ub420 5\uc6d4 \ubbf8\uad6d CPI\ub294 \uc778\ud50c\ub808\uc774\uc158\uc774 \uc644\ud654\ub418\ub294 \ud750\ub984\uc744 \ud655\uc778\ud558\uba74\uc11c\ub3c4 \ub048\uc9c8\uae30\uac8c \ub192\uc740 \uc218\uc900\uc744 \uc720\uc9c0\ud558\uace0 \uc788\uc74c\uc744 \ubcf4\uc5ec\uc904 \uac83\uc73c\ub85c \uc608\uc0c1\ud55c\ub2e4. \uadfc\uc6d0 \ubb3c\uac00\ub294 \uc804\ub144 \ub300\ube44 2.8%\ub85c \uc608\uc0c1\ub418\uba70, \ud5e4\ub4dc\ub77c\uc778\uc740 3\ub144\ub798 \ucd5c\uace0\uce58\uc778 4.2%\uc5d0 \uc774\ub97c \uc804\ub9dd\uc774\ub2e4. \uc774\ub7ec\ud55c \u2018\uc9c0\uc18d \uc778\ud50c\ub808\uc774\uc158\u2019\uc740 \uc5f0\ubc29\uc900\ube44\uc81c\ub3c4(Fed)\uc758 \uc870\uae30 \uae08\ub9ac\uc778\ud558 \uae30\ub300\ub97c \uc5b4\ub835\uac8c \ub9cc\ub4e0\ub2e4.<\/p>\n
\uc774 \uac19\uc740 \uc804\ub9dd\uc740 \uc5f0\uc900\uc774 \uc2dc\uc7a5 \uc608\uc0c1\ubcf4\ub2e4 \ub354 \uc624\ub798 \uae34\ucd95\uc801 \uc815\ucc45 \uae30\uc870\ub97c \uc720\uc9c0\ud560 \uac00\ub2a5\uc131\uc744 \uc2dc\uc0ac\ud55c\ub2e4. 2026\ub144 6\uc6d4 \ucd08 \uae30\uc900 Fed Funds \uc120\ubb3c\uc2dc\uc7a5\uc740 9\uc6d4 \uae08\ub9ac\uc778\ud558 \ud655\ub960\uc744 \uc57d 45%\ub85c \ubc18\uc601\ud558\uace0 \uc788\uc73c\ub098, \uc774\ub294 \uc9c0\ub098\uce58\uac8c \ub099\uad00\uc801\uc774\ub77c\uace0 \ubcf8\ub2e4. \uc6b0\ub9ac\ub294 \u2018\uae08\ub9ac\uac00 \ub354 \uc624\ub798 \ub192\uac8c \uc720\uc9c0\ub418\ub294(higher for longer)\u2019 \uad6d\uba74\uc5d0 \ubca0\ud305\ud558\ub294 \ud30c\uc0dd\uc0c1\ud488\uc5d0\uc11c \ud22c\uc790 \uae30\ud68c\uac00 \uc788\ub2e4\uace0 \ud310\ub2e8\ud55c\ub2e4.<\/p>\n
—<\/p>\n
\uc774\uc5d0 \ub530\ub77c \uc6b0\ub9ac\ub294 \uc5f0\ub0b4 \uae08\ub9ac\uc778\ud558 \ud69f\uc218\uac00 \uc904\uc5b4\ub4dc\ub294 \ubc29\ud5a5\uc73c\ub85c \uc2dc\uc7a5\uc774 \uc7ac\ud3c9\uac00\ub420 \ub54c \uc218\uc775\uc744 \ub0bc \uc218 \uc788\ub294 SOFR \uc120\ubb3c \uc635\uc158\uc744 \uac80\ud1a0\ud558\uace0 \uc788\ub2e4. 3\ubd84\uae30\uc640 4\ubd84\uae30 \ub9cc\uae30\uc758 \uc120\ubb3c \uacc4\uc57d\uc5d0 \ub300\ud574 \ucf5c\uc635\uc158\uc744 \ub9e4\ub3c4\ud558\ub294 \uc804\ub7b5\uc774 \uc774\ub7ec\ud55c \uad00\uc810\uc5d0 \ubd80\ud569\ud558\ub294 \ud6a8\uacfc\uc801 \ubc29\uc548\uc774 \ub420 \uc218 \uc788\ub2e4. \uc720\uac00\uc640 \ud56d\uacf5\uc694\uae08\uc5d0 \uc758\ud574 \uc778\ud50c\ub808\uc774\uc158\uc774 \uc0c1\ubc29 \uc11c\ud504\ub77c\uc774\uc988\ub97c \ubcf4\uc77c \uc704\ud5d8\uc774 \uc788\uc5b4, \ud574\ub2f9 \ud3ec\uc9c0\uc154\ub2dd\uc758 \ub9e4\ub825\ub3c4\uac00 \ub192\ub2e4\ub294 \ud310\ub2e8\uc774\ub2e4.<\/p>\n
\ub610\ud55c \uc774\ubc88 CPI\uac00 \ucee8\uc13c\uc11c\uc2a4\ub97c \ud06c\uac8c \ubc97\uc5b4\ub0a0 \uac00\ub2a5\uc131\uc744 \uac10\uc548\ud558\uba74 \ubcc0\ub3d9\uc131 \uc2dc\uc7a5\uc5d0\uc11c\ub3c4 \uae30\ud68c\uac00 \uc788\ub2e4\uace0 \ubcf8\ub2e4. \uacfc\uac70 \ud1b5\uacc4\uc0c1 CPI\uac00 \uc2dc\uc7a5 \uc608\uc0c1\uc5d0\uc11c \ud06c\uac8c \uad34\ub9ac\ub420 \uacbd\uc6b0 VIX\uac00 \uae09\ub4f1\ud558\ub294 \uacbd\ud5a5\uc774 \uc788\uc5c8\uace0, \uc608\ucee8\ub300 2025\ub144 \ub9d0\uc758 \uc608\uc0c1 \ubc16 \uc9c0\ud45c \ubc1c\ud45c\ub294 VIX \uc77c\uac04 \uc0c1\uc2b9\ub960\uc774 \ud3c9\uade0 10%\ub97c \ub118\ub294 \uacb0\uacfc\ub85c \uc774\uc5b4\uc84c\ub2e4. \uc6b0\ub9ac\ub294 \ub2e8\uae30 \ub9cc\uae30 VIX \ucf5c\uc635\uc158 \ub9e4\uc218\uac00 \uc2dc\uc7a5 \ucda9\uaca9\uc5d0 \ub300\ube44\ud558\ub294 \ube44\uc6a9 \ud6a8\uc728\uc801 \ud5e4\uc9c0 \uc218\ub2e8\uc774 \ub420 \uc218 \uc788\ub2e4\uace0 \ubcf8\ub2e4.<\/p>\n
\uc9c4\ud589 \uc911\uc778 \uc774\ub780 \ubd84\uc7c1 \uc5b8\uae09\uc740 \uc5d0\ub108\uc9c0 \uac00\uaca9\uc5d0 \ub300\ud55c \uc758\ubbf8 \uc788\ub294 \uc0c1\ubc29 \ub9ac\uc2a4\ud06c\ub97c \ub354\ud558\uba70, \uc774\ub294 \ub354 \uad11\ubc94\uc704\ud55c \uc778\ud50c\ub808\uc774\uc158\uc73c\ub85c \uc804\uc774\ub420 \uc218 \uc788\ub2e4. \uae00\ub85c\ubc8c \ubca4\uce58\ub9c8\ud06c\uc778 \ube0c\ub80c\ud2b8\uc720\ub294 \uc9c0\ub09c \ud55c \ub2ec \ub3d9\uc548 8% \uc774\uc0c1 \uc62c\ub77c \ubc30\ub7f4\ub2f9 \uc57d 92\ub2ec\ub7ec \uc218\uc900\uc5d0 \uadfc\uc811\ud588\ub2e4. \uc6b0\ub9ac\ub294 \uc9c0\uc815\ud559\uc801 \uae34\uc7a5 \uace0\uc870\ub85c \uc778\ud50c\ub808\uc774\uc158\uc774 \ub354 \ub192\uc544\uc9c8 \uc218 \uc788\ub294 \uac00\ub2a5\uc131\uc5d0 \ub300\ube44\ud574 \uc6d0\uc720 \ucf5c\uc635\uc158\uc744 \uace0\ub824\ud560 \ud544\uc694\uac00 \uc788\ub2e4\uace0 \ubcf8\ub2e4.<\/p>\n
2026\ub144 \ud558\ubc18\uae30\ub85c \uc2dc\uacc4\ub97c \uc62e\uaca8\ub3c4 \uadfc\uc6d0 \ubb3c\uac00\ub97c \uc720\uc758\ubbf8\ud558\uac8c \ub0ae\ucd94\ub294 \uc9c4\uc804\uc740 \uc608\uc0c1\ud558\uc9c0 \uc54a\ub294\ub2e4. \uc790\ub3d9\ucc28\ub97c \uc81c\uc678\ud55c \uadfc\uc6d0 \uc7ac\ud654 \uac00\uaca9\uc774 \uac15\uc138\ub97c \uc774\uc5b4\uac00\uace0, \uc8fc\uac70\ube44\ub294 \ub192\uc740 \uc218\uc900\uc5d0\uc11c \uc815\uc0c1\ud654\ub418\uace0 \uc788\uae30 \ub54c\ubb38\uc774\ub2e4. \uc774\ub294 \uc5f0\ub9d0\uae4c\uc9c0 \u2018\uc9c0\uc18d \uc778\ud50c\ub808\uc774\uc158\u2019\uacfc \u2018\uc2e0\uc911\ud55c \uc5f0\uc900\u2019\uc774\ub77c\ub294 \ud14c\ub9c8\uc5d0 \ub9de\ucdb0 \ud30c\uc0dd \uc804\ub7b5\uc744 \uc124\uacc4\ud574\uc57c \ud55c\ub2e4\ub294 \uc6b0\ub9ac\uc758 \uad00\uc810\uc744 \ub4b7\ubc1b\uce68\ud55c\ub2e4.<\/p>\n","protected":false},"excerpt":{"rendered":"
5\uc6d4 \u7f8e CPI, \uadfc\uc6d0 \ub454\ud654\uc5d0\ub3c4 \u2018\ub192\uc740 \ubb3c\uac00\u2019 \uace0\ucc29\u2014\uadfc\uc6d0 2.8%\u00b7\ud5e4\ub4dc\ub77c\uc778 4.2% \uc804\ub9dd. \uc720\uac00\u00b7\ud56d\uacf5\uc694\uae08 \uc0c1\ubc29\ub9ac\uc2a4\ud06c\uc5d0 \u2018higher for longer\u2019 \ubca0\ud305: SOFR \ucf5c \ub9e4\ub3c4\u00b7VIX\/\uc6d0\uc720 \ucf5c\ub85c \ub300\uc751.<\/p>\n","protected":false},"author":87,"featured_media":47717,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[71],"tags":[],"class_list":["post-49399","post","type-post","status-publish","format-standard","has-post-thumbnail","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\/49399","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=49399"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/posts\/49399\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/media\/47717"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/media?parent=49399"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/categories?post=49399"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/tags?post=49399"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}