{"id":510572,"date":"2025-11-27T05:31:49","date_gmt":"2025-11-27T05:31:49","guid":{"rendered":"https:\/\/www.wacoca.com\/media\/510572\/"},"modified":"2025-11-27T05:31:49","modified_gmt":"2025-11-27T05:31:49","slug":"%e3%83%99%e3%83%bc%e3%82%b8%e3%83%a5%e3%83%96%e3%83%83%e3%82%af%e3%80%81%e7%b1%b3%e7%b5%8c%e6%b8%88%e6%b4%bb%e5%8b%95%e3%81%bb%e3%81%bc%e5%a4%89%e3%82%8f%e3%82%89%e3%81%9a%ef%bc%8d%e9%ab%98%e6%89%80","status":"publish","type":"post","link":"https:\/\/www.wacoca.com\/media\/510572\/","title":{"rendered":"\u30d9\u30fc\u30b8\u30e5\u30d6\u30c3\u30af\u3001\u7c73\u7d4c\u6e08\u6d3b\u52d5\u307b\u307c\u5909\u308f\u3089\u305a\uff0d\u9ad8\u6240\u5f97\u5c64\u9664\u304d\u6d88\u8cbb\u6e1b\u5c11 – Bloomberg"},"content":{"rendered":"
\n

\u7c73\u7d4c\u6e08\u6d3b\u52d5\u306f\u3053\u3053\u6570\u9031\u9593\u3001\u307b\u3068\u3093\u3069\u5909\u5316\u304c\u898b\u3089\u308c\u306a\u304b\u3063\u305f\u3068\u3001\u9023\u90a6\u6e96\u5099\u5236\u5ea6\u7406\u4e8b\u4f1a\uff08FRB\uff09\u304c26\u65e5\u516c\u8868\u3057\u305f\u5730\u533a\u9023\u9280\u7d4c\u6e08\u5831\u544a\uff08\u30d9\u30fc\u30b8\u30e5\u30d6\u30c3\u30af\uff09\u3067\u6307\u6458\u3057\u305f\u3002\u4e00\u65b9\u3001\u5168\u4f53\u7684\u306a\u500b\u4eba\u6d88\u8cbb\u306f\u9ad8\u6240\u5f97\u5c64\u3092\u9664\u3044\u3066\u3055\u3089\u306b\u6e1b\u5c11\u3057\u305f\u3068\u3044\u3046\u3002<\/p>\n

\u3000\u3000\u30d9\u30fc\u30b8\u30e5\u30d6\u30c3\u30af\u306b\u3088\u308b\u3068\u3001\u96c7\u7528\u306f\u308f\u305a\u304b\u306b\u6e1b\u5c11\u3057\u3001\u7269\u4fa1\u306f\u7de9\u3084\u304b\u306b\u4e0a\u6607\u3057\u305f\u3002<\/p>\n

\u3000\u3000FRB\u306f\u300c\u5168\u4f53\u3068\u3057\u3066\u5148\u884c\u304d\u898b\u901a\u3057\u306b\u5927\u304d\u306a\u5909\u5316\u306f\u306a\u304b\u3063\u305f\u300d\u3068\u3057\u305f\u4e0a\u3067\u3001\u300c\u4eca\u5f8c\u6570\u30ab\u6708\u306e\u6d3b\u52d5\u920d\u5316\u30ea\u30b9\u30af\u304c\u9ad8\u307e\u3063\u3066\u3044\u308b\u3068\u306e\u58f0\u304c\u4e00\u90e8\u304b\u3089\u4e0a\u304c\u308b\u4e00\u65b9\u3001\u88fd\u9020\u696d\u8005\u306e\u9593\u3067\u306f\u697d\u89b3\u7684\u306a\u898b\u65b9\u3082\u805e\u304b\u308c\u305f\u300d\u3068\u8ff0\u3079\u305f\u3002<\/p>\n

\n \n <\/div>\n

\u3000\u3000\u4eca\u56de\u306e\u30d9\u30fc\u30b8\u30e5\u30d6\u30c3\u30af\u306f\u300112\u5730\u533a\u9023\u9280\u304c17\u65e5\u307e\u3067\u306b\u53ce\u96c6\u3057\u305f\u60c5\u5831\u3092\u57fa\u306b\u3001\u30c0\u30e9\u30b9\u9023\u9280\u304c\u307e\u3068\u3081\u305f\u3002<\/p>\n

\u3000\u3000\u30cb\u30e5\u30fc\u30e8\u30fc\u30af\u3001\u30a2\u30c8\u30e9\u30f3\u30bf\u3001\u30df\u30cd\u30a2\u30dd\u30ea\u30b9\u306a\u3069\u8907\u6570\u306e\u5730\u533a\u306f\u3001\u9ad8\u6240\u5f97\u5c64\u306e\u6d88\u8cbb\u304c\u5805\u8abf\u3060\u3063\u305f\u4e00\u65b9\u3001\u4f4e\u4e2d\u6240\u5f97\u5c64\u3067\u306f\u5f31\u307e\u3063\u305f\u3068\u5831\u544a\u3057\u305f\u3002<\/p>\n

\u3000\u3000\u30df\u30cd\u30a2\u30dd\u30ea\u30b9\u9023\u9280\u306f\u300c\u9ad8\u6240\u5f97\u306e\u9867\u5ba2\u306f\u7279\u306b\u5236\u7d04\u3092\u611f\u3058\u3066\u3044\u306a\u3044\u304c\u3001\u300e\u4e2d\u6240\u5f97\u304b\u3089\u4f4e\u6240\u5f97\u5c64\u306e\u9867\u5ba2\u306f\u652f\u51fa\u3092\u5f15\u304d\u7de0\u3081\u3066\u3044\u308b\u300f\u3068\u306e\u56de\u7b54\u304c\u3042\u3063\u305f\u300d\u3068\u3057\u3066\u3044\u308b\u3002<\/p>\n

\u3000\u3000FRB\u5185\u3067\u306f12\u6708\u4f1a\u5408\u3067\u91d1\u5229\u636e\u3048\u7f6e\u304d\u304b\u3001\u5229\u4e0b\u3052\u304b\u3067\u898b\u89e3\u304c\u5206\u304b\u308c\u3066\u3044\u308b\u304c\u3001\u4eca\u56de\u306e\u30d9\u30fc\u30b8\u30e5\u30d6\u30c3\u30af\u306f\u3001\u4e21\u9663\u55b6\u306b\u305d\u308c\u305e\u308c\u90fd\u5408\u306e\u826f\u3044\u6750\u6599\u3092\u63d0\u4f9b\u3057\u305f\u3002<\/p>\n

\u51cd\u7d50\u63a1\u7528<\/p>\n

\u3000\u3000\u30ec\u30a4\u30aa\u30d5\u306e\u767a\u8868\u306f\u5897\u3048\u3066\u3044\u308b\u3082\u306e\u306e\u3001\u4f01\u696d\u306f\u5f93\u696d\u54e1\u3092\u76f4\u63a5\u524a\u6e1b\u3059\u308b\u306e\u3067\u306f\u306a\u304f\u3001\u63a1\u7528\u51cd\u7d50\u3084\u81ea\u7136\u6e1b\u306a\u3069\u306e\u7b56\u3092\u8b1b\u3058\u3066\u3044\u308b\u3068\u306e\u5831\u544a\u304c\u5897\u3048\u305f\u3002<\/p>\n

\u3000\u3000\u7269\u4fa1\u306b\u95a2\u3057\u3066\u306f\u3001\u95a2\u7a0e\u304c\u4f9d\u7136\u3068\u3057\u3066\u4f01\u696d\u306b\u3068\u3063\u3066\u61f8\u5ff5\u6750\u6599\u3068\u306a\u3063\u3066\u304a\u308a\u3001\u7279\u306b\u88fd\u9020\u696d\u3084\u5c0f\u58f2\u696d\u3067\u306f\u5e83\u7bc4\u306a\u539f\u6750\u6599\u30b3\u30b9\u30c8\u306e\u4e0a\u6607\u304c\u5831\u544a\u3055\u308c\u305f\u3002\u8907\u6570\u306e\u4f01\u696d\u304c\u3001\u95a2\u7a0e\u306b\u95a2\u9023\u3057\u3066\u5229\u76ca\u7387\u306e\u5727\u8feb\u3084\u8ca1\u52d9\u9762\u3067\u306e\u8ca0\u62c5\u3092\u62b1\u3048\u3066\u3044\u308b\u3068\u3057\u305f\u4e00\u65b9\u3001\u9700\u8981\u306e\u6e1b\u5c11\u3084\u95a2\u7a0e\u7387\u306e\u5f15\u304d\u4e0b\u3052\u3001\u95a2\u7a0e\u9069\u7528\u306e\u5ef6\u671f\u306b\u3088\u308a\u3001\u7269\u4fa1\u304c\u4e0b\u304c\u3063\u305f\u3068\u6307\u6458\u3059\u308b\u4f01\u696d\u3082\u3042\u3063\u305f\u3002<\/p>\n

\n
\n <\/p>\n
\n \n <\/div>\n<\/p><\/div>\n<\/p><\/div>\n

\u30d6\u30eb\u30fc\u30e0\u30d0\u30fc\u30b0\u30fb\u30a8\u30b3\u30ce\u30df\u30af\u30b9\u306e\u30b9\u30c1\u30e5\u30a2\u30fc\u30c8\u30fb\u30dd\u30fc\u30eb\u6c0f\u304c\u30d9\u30fc\u30b8\u30e5\u30d6\u30c3\u30af\u306b\u3064\u3044\u3066\u30ea\u30dd\u30fc\u30c8<\/p>\n

Source: Bloomberg<\/p>\n

\u3000\u3000FRB\u306f\u300c\u5148\u884c\u304d\u306b\u3064\u3044\u3066\u306f\u3001\u591a\u304f\u306e\u56de\u7b54\u8005\u304c\u30b3\u30b9\u30c8\u4e0a\u6607\u5727\u529b\u306e\u7d99\u7d9a\u3092\u4e88\u60f3\u3057\u3066\u3044\u308b\u304c\u3001\u8fd1\u3044\u5c06\u6765\u306b\u4fa1\u683c\u3092\u5f15\u304d\u4e0a\u3052\u308b\u8a08\u753b\u306b\u3064\u3044\u3066\u306f\u898b\u65b9\u304c\u5206\u304b\u308c\u3066\u3044\u308b\u300d\u3068\u6307\u6458\u3057\u305f\u3002<\/p>\n

\u3000\u3000\u8cc3\u91d1\u306e\u4e0a\u6607\u7387\u306f\u3053\u3053\u6570\u30ab\u6708\u3001FRB\u306e\u30a4\u30f3\u30d5\u30ec\u76ee\u6a19\u3068\u304a\u304a\u3080\u306d\u4e00\u81f4\u3057\u3066\u3044\u308b\u3082\u306e\u306e\u3001\u88fd\u9020\u696d\u3084\u5efa\u8a2d\u696d\u3001\u533b\u7642\u5206\u91ce\u3067\u306f\u300c\u7de9\u3084\u304b\u306a\u300d\u306e\u8cc3\u91d1\u4e0a\u6607\u5727\u529b\u304c\u898b\u3089\u308c\u305f\u3068\u5831\u544a\u3055\u308c\u3066\u3044\u308b\u3002<\/p>\n

\u3000\u3000\u30d5\u30a3\u30e9\u30c7\u30eb\u30d5\u30a3\u30a2\u9023\u9280\u5730\u533a\u306e\u3042\u308b\u4eba\u6750\u6d3e\u9063\u4f1a\u793e\u306f\u3001\u79fb\u6c11\u653f\u7b56\u306e\u5f71\u97ff\u3067\u65b0\u305f\u306b\u5165\u56fd\u3059\u308b\u52b4\u50cd\u8005\u6570\u304c\u5927\u5e45\u306b\u6e1b\u5c11\u3057\u3066\u304a\u308a\u3001\u591a\u304f\u306e\u7ba1\u7406\u8077\u304c\u9650\u3089\u308c\u305f\u52b4\u50cd\u529b\u3092\u78ba\u4fdd\u3059\u308b\u305f\u3081\u306b\u8cc3\u91d1\u3092\u5f15\u304d\u4e0a\u3052\u3066\u3044\u308b\u3068\u6307\u6458\u3057\u305f\u3002<\/p>\n

\u653f\u5e9c\u9589\u9396\u306e\u5f71\u97ff<\/p>\n

\u3000\u3000\u4eca\u56de\u306e\u30d9\u30fc\u30b8\u30e5\u30d6\u30c3\u30af\u306f\u5927\u534a\u304c\u300112\u65e5\u306b\u7d42\u4e86\u3057\u305f\u7c73\u653f\u5e9c\u6a5f\u95a2\u306e\u9589\u9396\u671f\u9593\u4e2d\u306b\u53d6\u308a\u307e\u3068\u3081\u3089\u308c\u305f\u3002\u5831\u544a\u306b\u3088\u308c\u3070\u3001\u4e00\u90e8\u306e\u5c0f\u58f2\u696d\u8005\u306f\u653f\u5e9c\u9589\u9396\u304c\u6d88\u8cbb\u306b\u60aa\u5f71\u97ff\u3092\u53ca\u307c\u3057\u305f\u3068\u6307\u6458\u3002\u653f\u5e9c\u9589\u9396\u4e2d\u306b\u88dc\u52a9\u7684\u6804\u990a\u652f\u63f4\u30d7\u30ed\u30b0\u30e9\u30e0\uff08SNAP\u3001\u65e7\u79f0\u30d5\u30fc\u30c9\u30b9\u30bf\u30f3\u30d7\uff09\u7d66\u4ed8\u304c\u6ede\u3063\u305f\u3053\u3068\u3082\u3042\u308a\u3001\u98df\u6599\u652f\u63f4\u3078\u306e\u9700\u8981\u304c\u9ad8\u307e\u3063\u305f\u3068\u3001\u5730\u57df\u306e\u652f\u63f4\u56e3\u4f53\u304c\u5831\u544a\u3057\u3066\u3044\u308b\u3002<\/p>\n

\u3000\u3000\u653f\u5e9c\u9589\u9396\u306b\u3088\u308a\u4e3b\u8981\u306a\u7d4c\u6e08\u6307\u6a19\u306e\u53ce\u96c6\u30fb\u516c\u8868\u304c\u59a8\u3052\u3089\u308c\u305f\u305f\u3081\u3001\u4f01\u696d\u3084\u6d88\u8cbb\u8005\u306e\u5b9f\u60c5\u3092\u4f1d\u3048\u308b\u3053\u3046\u3057\u305f\u805e\u304d\u53d6\u308a\u5831\u544a\u306f\u3001\u3053\u3053\u6570\u30ab\u6708\u3067\u6ce8\u76ee\u5ea6\u304c\u9ad8\u307e\u3063\u3066\u3044\u308b\u3002FRB\u5f53\u5c40\u8005\u306f\u300110\u6708\u306811\u6708\u5206\u306e\u96c7\u7528\u3084\u30a4\u30f3\u30d5\u30ec\u95a2\u9023\u306e\u4e3b\u8981\u7d71\u8a08\u3092\u300112\u6708\u306e\u653f\u7b56\u4f1a\u5408\u307e\u3067\u306b\u5f97\u3089\u308c\u306a\u3044\u898b\u901a\u3057\u3060\u3002<\/p>\n

\u3000\u3000\u5168\u56fd\u30ec\u30d9\u30eb\u306e\u516c\u5f0f\u7d71\u8a08\u304c\u4e0d\u8db3\u3057\u3066\u3044\u308b\u3053\u3068\u3082\u3042\u308a\u3001\u6765\u6708\u306e\u5229\u4e0b\u3052\u306e\u662f\u975e\u3092\u3081\u3050\u3063\u3066\u5f53\u5c40\u8005\u306e\u9593\u3067\u306f\u610f\u898b\u304c\u5206\u304b\u308c\u3066\u3044\u308b\u3002<\/p>\n

\u3000\u3000\u5e02\u5834\u3067\u306f12\u6708\u4f1a\u5408\u306b\u5411\u3051\u3066\u3001\u5229\u4e0b\u3052\u3068\u636e\u3048\u7f6e\u304d\u306e\u3069\u3061\u3089\u3092\u898b\u8fbc\u3080\u304b\u3067\u898b\u65b9\u304c\u63fa\u308c\u3066\u304d\u305f\u304c\u3001\u30d1\u30a6\u30a8\u30ebFRB\u8b70\u9577\u306e\u65b9\u91dd\u306b\u6cbf\u3046\u3053\u3068\u304c\u591a\u30442\u4eba\u306e\u5f53\u5c40\u8005\u304c\u5229\u4e0b\u3052\u652f\u6301\u3092\u793a\u5506\u3057\u305f\u3053\u3068\u3092\u53d7\u3051\u3001\u73fe\u5728\u306f\u5229\u4e0b\u3052\u78ba\u7387\u304c\u7d0480\uff05\u306b\u9054\u3057\u3066\u3044\u308b\u3002<\/p>\n

\u95a2\u9023\u8a18\u4e8b\uff1a12\u6708FOMC\u306f\u7570\u4f8b\u306e\u50c5\u5dee\u6c7a\u5b9a\u304b\u3001\u7968\u8aad\u307f\u306b\u8d70\u308b\u5e02\u5834\uff0d\u5229\u4e0b\u3052\u300c\u4e94\u5206\u4e94\u5206\u300d<\/a><\/p>\n

\u539f\u984c\uff1aFed\u2019s Beige Book Shows K-Shaped Split Deepens Among Consumers<\/a>\uff08\u629c\u7c8b\uff09<\/p>\n

(\u7b2c3\u6bb5\u843d\u4ee5\u964d\u3092\u8ffd\u52a0\u3057\u3001\u66f4\u65b0\u3057\u307e\u3059)<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

\u7c73\u7d4c\u6e08\u6d3b\u52d5\u306f\u3053\u3053\u6570\u9031\u9593\u3001\u307b\u3068\u3093\u3069\u5909\u5316\u304c\u898b\u3089\u308c\u306a\u304b\u3063\u305f\u3068\u3001\u9023\u90a6\u6e96\u5099\u5236\u5ea6\u7406\u4e8b\u4f1a\uff08FRB\uff09\u304c26\u65e5\u516c\u8868\u3057\u305f\u5730\u533a\u9023\u9280\u7d4c\u6e08\u5831\u544a\uff08\u30d9\u30fc\u30b8\u30e5\u30d6\u30c3\u30af\uff09\u3067\u6307\u6458\u3057\u305f\u3002\u4e00\u65b9\u3001\u5168\u4f53\u7684\u306a\u500b\u4eba\u6d88\u8cbb\u306f\u9ad8\u6240\u5f97\u5c64\u3092\u9664\u3044\u3066\u3055\u3089\u306b\u6e1b\u5c11\u3057\u305f\u3068\u3044\u3046\u3002 \u3000\u3000\u30d9\u30fc\u30b8<\/p>\n","protected":false},"author":3,"featured_media":510573,"comment_status":"open","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[26133],"tags":[34696,46057,202563,192435,177522,45391],"class_list":{"0":"post-510572","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-book","8":"tag-book","9":"tag-books","10":"tag-cojp","11":"tag-government","12":"tag-inflation","13":"tag-45391"},"share_on_mastodon":{"url":"","error":""},"_links":{"self":[{"href":"https:\/\/www.wacoca.com\/media\/wp-json\/wp\/v2\/posts\/510572","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.wacoca.com\/media\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.wacoca.com\/media\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.wacoca.com\/media\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.wacoca.com\/media\/wp-json\/wp\/v2\/comments?post=510572"}],"version-history":[{"count":0,"href":"https:\/\/www.wacoca.com\/media\/wp-json\/wp\/v2\/posts\/510572\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.wacoca.com\/media\/wp-json\/wp\/v2\/media\/510573"}],"wp:attachment":[{"href":"https:\/\/www.wacoca.com\/media\/wp-json\/wp\/v2\/media?parent=510572"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.wacoca.com\/media\/wp-json\/wp\/v2\/categories?post=510572"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.wacoca.com\/media\/wp-json\/wp\/v2\/tags?post=510572"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}