{"id":46688,"date":"2026-05-05T06:42:08","date_gmt":"2026-05-05T06:42:08","guid":{"rendered":"https:\/\/www.vtmarkets.com\/uncategorized\/46688\/"},"modified":"2026-05-05T06:42:08","modified_gmt":"2026-05-05T06:42:08","slug":"%e6%a0%bc%e5%a5%a7%e7%88%be%e5%9f%ba%e8%80%b6%e5%a8%83%e8%ad%a6%e5%91%8a%e9%80%9a%e8%84%b9%e6%ad%a3%e5%9c%a8%e4%b8%8a%e5%8d%87%ef%bc%8c%e4%b8%ad%e6%9d%b1%e8%a1%9d%e7%aa%81%e6%8c%81%e7%ba%8c%e6%8e%a8","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/zh\/live-updates\/46688\/","title":{"rendered":"\u683c\u5967\u723e\u57fa\u8036\u5a03\u8b66\u544a\u901a\u8139\u6b63\u5728\u4e0a\u5347\uff0c\u4e2d\u6771\u885d\u7a81\u6301\u7e8c\u63a8\u9ad8\u6cb9\u50f9\u81f3125\u7f8e\u5143\uff0c\u4ee4\u5168\u7403\u7522\u51fa\u9032\u4e00\u6b65\u60e1\u5316"},"content":{"rendered":"<p>\u570b\u969b\u8ca8\u5e63\u57fa\u91d1\u7d44\u7e54\uff08IMF\uff09\u7e3d\u88c1\u683c\u5967\u723e\u57fa\u8036\u5a03\uff08Kristalina Georgieva\uff09\u8868\u793a\uff0c\u901a\u8139\uff08inflation\uff0c\u7269\u50f9\u6301\u7e8c\u4e0a\u5347\uff09\u5df2\u5728\u56de\u5347\uff1b\u82e5\u4e2d\u6771\u6230\u4e8b\u5ef6\u7e8c\u81f32027\u5e74\uff0c\u5168\u7403\u7d93\u6fdf\u6216\u9762\u81e8\u300c\u66f4\u5dee\u5f97\u591a\u7684\u7d50\u679c\u300d\u3002\u8def\u900f\u5468\u4e8c\u5831\u9053\u5176\u8a00\u8ad6\u3002<\/p>\n<p>\u5979\u63d0\u51fa\u4e00\u500b\u60c5\u666f\uff1a\u52302027\u5e74\u6cb9\u50f9\u5347\u81f3\u6bcf\u6876\u7d04125\u7f8e\u5143\uff0c\u53ef\u80fd\u9032\u4e00\u6b65\u63a8\u9ad8\u901a\u8139\u3002<\/p>\n<h3>Oil Prices And Inflation Risks<\/h3>\n<p>\u683c\u5967\u723e\u57fa\u8036\u5a03\u6307\uff0cIMF\u7684\u300c\u4e0d\u5229\u60c5\u666f\u300d\uff08adverse scenario\uff0c\u6307\u8f03\u5dee\u3001\u98a8\u96aa\u8f03\u9ad8\u7684\u5047\u8a2d\u60c5\u6cc1\uff09\u5176\u5be6\u5df2\u958b\u59cb\u51fa\u73fe\uff0c\u56e0\u885d\u7a81\u6301\u7e8c\uff0c\u800c\u6cb9\u50f9\u9810\u6e2c\u7d04\u5728\u6bcf\u6876100\u7f8e\u5143\u6216\u4ee5\u4e0a\u3002\u5979\u628a\u6b64\u8207\u901a\u8139\u58d3\u529b\u4e0a\u5347\u806f\u7e6b\u8d77\u4f86\u3002<\/p>\n<p>\u5979\u8868\u793a\uff0c\u9577\u671f\u901a\u8139\u9810\u671f\uff08long-term inflation expectations\uff0c\u5e02\u5834\u548c\u6c11\u773e\u5c0d\u672a\u4f86\u591a\u5e74\u7269\u50f9\u5347\u5e45\u7684\u4f30\u8a08\uff09\u4ecd\u7b97\u7a69\u5b9a\uff08anchored\uff0c\u610f\u6307\u672a\u5927\u5e45\u504f\u96e2\u592e\u884c\u76ee\u6a19\uff09\uff0c\u91d1\u878d\u72c0\u6cc1\uff08financial conditions\uff0c\u5305\u62ec\u878d\u8cc7\u6210\u672c\u3001\u501f\u8cb8\u96e3\u6613\u3001\u4fe1\u8cb8\u4f9b\u61c9\u7b49\uff09\u4ea6\u672a\u898b\u660e\u986f\u6536\u7dca\uff08tightening\uff0c\u501f\u9322\u66f4\u8cb4\u3001\u66f4\u96e3\uff09\u3002\u4f46\u5979\u6307\uff0c\u82e5\u6230\u4e8b\u6301\u7e8c\uff0c\u60c5\u6cc1\u53ef\u80fd\u6539\u8b8a\u3002<\/p>\n<p>\u5979\u8aaa\uff0c\u82e5\u6cb9\u50f9\u5347\u81f3\u6bcf\u6876125\u7f8e\u5143\uff0c\u901a\u8139\u5c07\u4e0a\u5347\uff0c\u800c\u901a\u8139\u9810\u671f\u53ef\u80fd\u300c\u5931\u53bb\u9328\u5b9a\u300d\uff08de-anchored\uff0c\u5373\u9810\u671f\u4e0d\u518d\u7a69\u5b9a\uff0c\u5bb9\u6613\u98c6\u5347\u4e26\u4ee4\u7269\u50f9\u58d3\u529b\u81ea\u6211\u5f37\u5316\uff09\u3002\u5979\u8b66\u544a\uff0c\u9019\u6703\u4ee4\u6574\u9ad4\u7d93\u6fdf\u7d50\u679c\u66f4\u5dee\u3002<\/p>\n<h3>Positioning For Higher For Longer<\/h3>\n<p>\u5e03\u862d\u7279\u539f\u6cb9\u671f\u8ca8\uff08Brent crude futures\uff0c\u4ee5\u5e03\u862d\u7279\u539f\u6cb9\u4f5c\u57fa\u6e96\u7684\u671f\u8ca8\u5408\u7d04\uff0c\u7528\u4f5c\u8cb7\u8ce3\u672a\u4f86\u4ea4\u6536\u7684\u6cb9\u50f9\uff097\u6708\u4ea4\u5272\u5408\u7d04\u5347\u7a7f\u6bcf\u6876110\u7f8e\u5143\uff0c\u5347\u5e45\u660e\u986f\uff0c\u4e3b\u56e0\u8fd1\u671f\u5728\u4e3b\u8981\u822a\u904b\u901a\u9053\u9644\u8fd1\u5c40\u52e2\u5347\u6eab\u3002\u4ee5\u539f\u6cb9\u671f\u8ca8\u300c\u505a\u591a\u300d\uff08long positions\uff0c\u62bc\u6ce8\u50f9\u683c\u4e0a\u5347\uff09\u53ca\u8cb7\u5165\u80fd\u6e90ETF\u7684\u8a8d\u8cfc\u671f\u6b0a\uff08call options\uff0c\u652f\u4ed8\u6b0a\u5229\u91d1\u5f8c\uff0c\u672a\u4f86\u53ef\u6309\u6307\u5b9a\u50f9\u683c\u8cb7\u5165\uff1b\u5728\u50f9\u683c\u4e0a\u5347\u6642\u53d7\u60e0\uff09\u53ef\u76f4\u63a5\u53cd\u6620\u7dca\u5f35\u5c40\u52e2\u3002\u82e5\u5730\u7de3\u653f\u6cbb\u672a\u6539\u5584\uff0c\u6cb9\u50f9\u8d70\u5411125\u7f8e\u5143\u7684\u8def\u5f91\u66f4\u6e05\u6670\u3002<\/p>\n<p>\u4e0a\u6708\u6838\u5fc3CPI\uff08Core CPI\uff0c\u6263\u9664\u98df\u54c1\u53ca\u80fd\u6e90\u7b49\u6ce2\u52d5\u8f03\u5927\u7684\u9805\u76ee\uff0c\u7528\u4f5c\u89c0\u5bdf\u8f03\u7a69\u5b9a\u7684\u901a\u8139\u8da8\u52e2\uff09\u6578\u64da\u6309\u5e74\u5316\uff08annualized\uff0c\u628a\u77ed\u671f\u5347\u5e45\u63db\u7b97\u6210\u5168\u5e74\u901f\u5ea6\uff09\u70ba4.2%\uff0c\u986f\u793a\u901a\u8139\u6b63\u5728\u56fa\u5316\uff08entrenched\uff0c\u5373\u8f03\u96e3\u56de\u843d\uff09\u3002\u806f\u5132\u5c40\uff08Federal Reserve\uff0c\u7f8e\u570b\u592e\u884c\uff09\u91cb\u51fa\u66f4\u504f\u300c\u9df9\u6d3e\u300d\uff08hawkish\uff0c\u5373\u66f4\u50be\u5411\u52a0\u606f\u6216\u7dad\u6301\u9ad8\u606f\u4ee5\u58d3\u901a\u8139\uff09\u7684\u8a0a\u865f\uff0c\u5e02\u5834\u5e7e\u4e4e\u4e0d\u518d\u62bc\u6ce82026\u5e74\u6e1b\u606f\uff0c\u4e26\u52a0\u5f37\u5c0d\u5229\u7387\u671f\u8ca8\uff08interest rate futures\uff0c\u7528\u671f\u8ca8\u62bc\u6ce8\u672a\u4f86\u5229\u7387\u6c34\u5e73\uff09\u4e0d\u5229\u7684\u90e8\u7f72\u3002\u53ef\u8003\u616e\u4f7f\u7528\u9577\u5e74\u671f\u50b5\u5238ETF\u7684\u8a8d\u6cbd\u671f\u6b0a\uff08put options\uff0c\u652f\u4ed8\u6b0a\u5229\u91d1\u5f8c\uff0c\u672a\u4f86\u53ef\u6309\u6307\u5b9a\u50f9\u683c\u8ce3\u51fa\uff1b\u5728\u50f9\u683c\u4e0b\u8dcc\u6642\u53d7\u60e0\uff09\u4ee5\u53cd\u6620\u5b73\u606f\u7387\uff08yields\uff0c\u50b5\u5238\u56de\u5831\u7387\uff1b\u50f9\u683c\u8dcc\u901a\u5e38\u4ee4\u5b73\u606f\u7387\u5347\uff09\u4e0a\u5347\u98a8\u96aa\u3002<\/p>\n<p>\u66f4\u5ee3\u6cdb\u7684\u4e0d\u78ba\u5b9a\u6027\u4e5f\u53cd\u6620\u5728VIX\u6307\u6578\uff08VIX\uff0c\u5e02\u5834\u6050\u614c\u6307\u6a19\uff0c\u53cd\u6620\u6a19\u666e500\u671f\u6b0a\u96b1\u542b\u6ce2\u5e45\uff0c\u5373\u5e02\u5834\u9810\u671f\u672a\u4f86\u6ce2\u52d5\u7a0b\u5ea6\uff09\u4e0a\uff0c\u8a72\u6307\u6578\u7dad\u6301\u572825\u4ee5\u4e0a\uff0c\u5c6c\u5e02\u5834\u7dca\u5f35\u8a0a\u865f\uff0c\u9019\u7a2e\u6c34\u5e73\u81ea2025\u5e74\u5e95\u4ee5\u4f86\u4e26\u4e0d\u5e38\u898b\u3002\u6b64\u74b0\u5883\u610f\u5473\u6295\u8cc7\u7d44\u5408\uff08portfolio\uff0c\u6301\u6709\u7684\u4e00\u7c43\u5b50\u8cc7\u7522\uff09\u66f4\u9700\u8981\u9632\u5b88\u3002\u8cb7\u5165\u4e3b\u8981\u6307\u6578\u5982\u6a19\u666e500\u7684\u8a8d\u6cbd\u671f\u6b0a\uff0c\u53ef\u4f5c\u5c0d\u6c96\uff08hedge\uff0c\u7528\u91d1\u878d\u5de5\u5177\u964d\u4f4e\u4e0b\u8dcc\u98a8\u96aa\uff09\uff0c\u4ee5\u61c9\u5c0d\u9ad8\u80fd\u6e90\u50f9\u683c\u53ca\u901a\u8139\u5e36\u4f86\u7684\u7d93\u6fdf\u963b\u529b\u3002<\/p>\n<p>\u5e02\u5834\u7126\u9ede\u6b63\u8f49\u5411\u300c\u9ad8\u606f\u7dad\u6301\u66f4\u4e45\u300d\uff08higher for longer\uff0c\u5229\u7387\u9577\u6642\u9593\u4fdd\u6301\u5728\u8f03\u9ad8\u6c34\u5e73\uff09\u3002\u884d\u751f\u5de5\u5177\u5e02\u5834\uff08derivatives market\uff0c\u671f\u8ca8\u3001\u671f\u6b0a\u7b49\u4ee5\u5176\u4ed6\u8cc7\u7522\u50f9\u683c\u70ba\u57fa\u790e\u7684\u5408\u7d04\u5e02\u5834\uff09\u958b\u59cb\u628a\u5229\u7387\u9ad8\u4f01\u7684\u60c5\u6cc1\u8a08\u5165\u50f9\u683c\uff0c\u53ef\u80fd\u5ef6\u4f38\u81f32027\u5e74\u3002\u9019\u610f\u5473\u62bc\u6ce8\u7d93\u6fdf\u5feb\u901f\u56de\u5fa9\u6b63\u5e38\u7684\u7b56\u7565\u5c07\u9762\u5c0d\u66f4\u5927\u963b\u529b\u3002<\/p>\n<p><b><a href=\"https:\/\/www.vtmarkets.com\/trade-now\/\">Create your live VT Markets account<\/a>\u00a0and\u00a0<a href=\"https:\/\/myaccount.vtmarkets.com\/login\">start trading<\/a>\u00a0now. <\/b><\/p>\n","protected":false},"excerpt":{"rendered":"<p>IMF\u7e3d\u88c1\u683c\u5967\u723e\u57fa\u8036\u5a03\u8b66\u544a\u901a\u8139\u518d\u5347\u6eab\uff1b\u4e2d\u6771\u885d\u7a81\u672a\u6b62\uff0c\u6cb9\u50f9\u6216\u98c6\u81f3125\u7f8e\u5143\uff0c\u5168\u7403\u7522\u51fa\u6050\u518d\u60e1\u5316\u2014\u2014\u5e02\u5834\u98a8\u96aa\u6025\u589e\uff0c\u6295\u8cc7\u8005\u9808\u56b4\u9663\u4ee5\u5f85\u3002<\/p>\n","protected":false},"author":87,"featured_media":0,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[4],"tags":[],"class_list":["post-46688","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\/zh\/wp-json\/wp\/v2\/posts\/46688","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vtmarkets.com\/zh\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vtmarkets.com\/zh\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/zh\/wp-json\/wp\/v2\/users\/87"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/zh\/wp-json\/wp\/v2\/comments?post=46688"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/zh\/wp-json\/wp\/v2\/posts\/46688\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/zh\/wp-json\/wp\/v2\/media?parent=46688"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/zh\/wp-json\/wp\/v2\/categories?post=46688"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/zh\/wp-json\/wp\/v2\/tags?post=46688"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}