кѥ˥塼

޸Ρкѥ˥塼̤ưͻ֥Ǥϵ岹Ȳ˻ߤΤúи󾧤ޤиӽиȤϰ㤤ޤߤʴ㤤ΤǤ

2014ǯ12

27׻յĤǡ3.5ߵϤηккꤵޤ

ϡηккˤĤƤɤΤ褦ˤˤʤäƤǤ礦Ȥ櫓ǤˤĤȿФƤͤδۤʹƤߤΤʤΤǤ

Τʤ褦˸ä֤ޤϡǤȿФ뤳ȤȸäƤΤǤϤʤΤǤǤ⡢ǤȿФΤǤСΤккȿФʤΤȸΤǤȤΤ⡢ҹ𲽤οŸǼҲݾ礷ƤȤ𤬤ˤƤ⡢ɬ˳ȤˤळȤʤܤμڶ⤳ޤǤ뤳ȤϤʤäȸ뤫Ǥ

ˤȤϻפޤ󤫡äơʤ㲼ƤƤΤˡνФȸäƤΤǤ顣

⤽⺣ηккǤϡɤʻȤˤ⤬ĤޤΤǤ礦

ƤӵԤȼԤؤλٱˣ

γˣ

ҳ®뤿ˣ


ҳ®뤿ˤĤȸСïȿФǤʤ⤷ޤ󤬡Ĥ褯ͤƤߤȡǤȤˤϤäפȤ⤬ĤޤƤȤष;굤̣ǤΤǤη̡ͼ­­ĤȤ򥹥ԡǥ˼¹ԤƤǤʤˤǤϤʤǤ

ʳˤǼǤʤȤޤȤΤ⡢ηккϡַкѤι۴ĤΤʤΤȤȤȤˡ˥٥Υߥ̤򹭤ԤϤ餻뤳ȤܻؤפΤǤȤΤȤǤܼȤ۴ĤȤϹͤƤʤ褦ˤפʤǤ

Ǥ礦ܤϼΤ褦˸äƤΤǤ衣

֤к»ܤ뤳ȤǣǣģС0.7ٲ夲뤳ȤԤǤ

GDPĹΨ0.7夲ΤǤС椬κǶĹΨ1%٤Ǥ뤳ȤͤСʸ̤Τ褦˻פ뤫⤷ޤ󤬡

⤽פޤ

Ǥ⡢˹ͤƤޤȤȤϡޤޤȤκ˾褻ƤΤǤ

Ǥ礦椬GDP绨Ĥˤä500ߡơ3.5ߵϤλȤ»ܤȤȤϡλٽФ˷ӤĤȤơ3.55000.007

ȤȤϡ0.7%GDP򲡤夲̤Ȥ⡢0.7%GDP򲡤夲̤ϤʤȤȤʤΤǤĤޤꡢηккȤˤٽФƤӿ̤Ȥȵڸ̤äƤʤȡǤȵڸ̤ȤΤǤСGDPβ夲̤0.7%ĶʤФʤʤΤǤ顣

ܤϡηккμ»ܤΤ˿ιĤȯԤϹԤʤȸޤĤккǤʤСĤȯԻĹ3.5ʬ餹̤ΤˤΥ󥹤ƤȤΤǤ

ơƹĤȯԻĹ⤬ǤΤǡǤɬ϶ޤ뤳Ȥޤ뤳ȤϤʤΤǤ

Ρ2ȾޥʥĹ³ΤǤ礦ϡǤǤǤ礦

äǤɬ򾯤Ǥ⾮뤿Ϥ򤹤뤳ȤȤȤǤǤϡΤˤϲ򤹤٤ʤΤ

Τˤ̵̸򤷤ʤȡɬפȤϻפʤккǤʤȤɬפʤΤǤ




ȤäơккɬפȤäƤФ黵ȤͤƤʤȻפå򤪴ꤤפޤ

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ϫƯʤ11θͿۤȯɽΤǤĤ¸ΤǤ礦

ּ¼¶⤬³ƤΡ

ʤȤΤǤϤʤΤǤäȤ¼¶ϸ³Ƥޤ

֤㤢ʤˤΡ

äƤϤޤ衣11̾¶⤬ǯƱ٤㲼ȤΤǤ

Ϥޤ󤫡Ǥ⡢¶Ϥʤ˾夬äȰƤǤϤʤǤ

Ǥ礦¼¶ˤĤƺäƤΤǤϤʤΤǤǤǤȤ¼¶⤬äΤϻߤʤǤ礦̾¶ޤDzäƤΤǤ顢뤹ɬפȻפΤǤ

Ϳ

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ǤϡǥϤɤΤ褦󤸤ƤΤǤ礦

С11θͿ֤ۡ긺Ϳ0.2

ָϫƯʤ26ȯɽ11ϫĴ®󡢽Ȱ5ͰʾˤˤȡȰ1ʿѤθͿۤǯƱ1.5󸺤272726ߤȡ9֤˥ޥʥžܵ6Ϣ³ǿӤΤΡܡʥ27.0󸺤礭Ϳۤʪ徺ʬ¼¶ǯƱ4.3󸺤17Ϣ³Ǹ

ۤۤ11˥ܡʥٵ뤹ȤʤˤΤǤ

ˤƤ⡢¶Ϥʤʤ夬ˤ곰¶ǤܡʥϾ夬䤹ȻפäƤ顢դη̤ФƤȤȤʤΤǤ礦

ФεϼΤ褦³ޤ

֥ܡʥ׽פεŪװƶƤ롣ϫʤˤȡ11ϾͿٵγϷˤΤΡ®ʳǤϳƴȤΥǡ鷺οФ䤹ȤͤǤϥܡʥ뤿ᡢͿۤοΨѤǽ⤤

ۤޤǤäȸ

Ǥ⡢줬Ȥ顢ΤäȤäĴ򤷤ʤΤǤ礦

ˡͿƤȤϤΤΡΨϤä0.2%ǤʤΤǤơΰǡ11ʪϾǤαƶʬȤ2%ʬ0.7%徺ƤǤ顢ǤԤƤʤäȤƤ⡢ϫƯԤμ¼ϸƤ뤳ȤˤʤΤǤ

˸С곰Ϳ0.9󸺾ƤȤΤǤ

ȤȤǡή줬ѤäƤΤǤϤȻפ䡢֤ޤǷʵȼ˴¸ҰλĶȻ֤䤷бƤ˥եȤбƤ뤿סʸϫʡˤȤޤǾҲ𤷤Ƥޤ

Ū˸ä⤤ΤǤ顢˥եȤƤΤǤСνͿäȾ夬ʤΤǤ礦

ޤ11ñοͤߤ̾¶⤬Ϥ᤿ȷդˤϤʤǤ礦ˤƤϢФƤۤ¶Ͼ夬äƤʤȸŪΤʤΤǤϤʤǤ礦


ǶΥޥߤϡܤ˵򸯤ǤϤʤΤȻפäå򤪴ꤤפޤ

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Ĺ0.3%ޤ㲼ƤΤ¸ΤǤ礦

ˡĹˤĤƾɬפ뤫⤷ޤĹȤϲǡǤ礦

Ĺζ

⤦Ū˸С

ִ1ǯʾζΤȡ

ޤΤ褦ʰ̣ΤǤǥʤɤĹ㲼פʤɤȸĹȤϡ̡10ǯʪḤ̂ƤΤǤ

ĤޤꡢĹ0.3%ˤޤ㲼ƤȤȤϡ10ǯĹĤ꤬0.3%㲼ȤȤʤΤǤ

ȤǡǯߤܡʥФޤ

ǯ¿Ǥ͡ޤǤ礦ǤϡΥܡʥΰ⤷ޤ

áɤΤǤ礦¤򤷤Ƥޤ͡

ʬޤ¶ζ;㤤ΤƤΤǤ͡

äơ5ǯʪ¤Ƥ̤ζԤʤ0.04%Ȥ0.06%դʤΤǤ顣Ǥ򤷤ʤDz0.4%Ȥ0.6%ǤϤʤΤǤ夬㤦ΤǤĤޤꡢ0.1%ʤΤǤ

ǤϡΤʤ˶㤯Τ

ϡΤΤ褦ܶԤĶºȤǤ⤤٤ͻŸƤ뤫ǤĤޤꡢܤȯԤ۰ʾιĤԾ줫ɤɤ㤤夲ΤǹĤβʤס夬롢ȡĤβʤ夬ȤȤϡĤ꤬㲼ȤȤƱǤ顢ΤǤ

˵ѤʤȤС25ǯοȯĤκǸǤäȤȤƶƤ褦ʤΤǤĤޤꡢĤζϺǤޤΰǡ轵Ծ줫Ĥ㤤夲ͽʤΤǡĤˤʤäƲʤ夬롢ΤǤ

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ǤϡϤޤǹĤ㤤夲ǮƤΤ

졢ϡĥХꡢʤ㲼Ƥ뤫Ǥ

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βʤ㲼ȡɤʤޤ

̤ȯۤȤƤϡʤ㲼ͥ륮ʤdz㲼Сη̡ԤιϤΤǡ񤬳ȯˤʤȹͤȻפΤǤĹۤϤϹͤʤΤǤȤ⡢ʤ㲼αƶ͡ʥΤ䥵ӥβʤ˵ڤ٤ХեΨϱס㲼ƤޤǤȡơʤɸ2%ΥեΨãˤʤĤĤޤǷФäƤǥեæѤϤǤʤȡ

ǡ֤ˤ뤿ˡʤȤƤޥɤʥե򵯤ȹͤĤ򥬥󥬥äƤΤǤ

ʬˤʤäǤ礦

פˡʤ㲼ƤΤˤȤäƤԹ礬ΤǤ

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ɤ㲼ƤȤʤΤ顢̤ʤΤ餫ǤϤʤΤȻפäå򤪴ꤤפޤ

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ǯⲡͤޤäƤޤΤǡǯηк10˥塼ȯɽޤ

1̡Ƥγξ徺

1̤ˤϡƤγξ徺󤲤ȻפޤΤΤȤNYʿѤͤ򹹿³ƤΤǤǯ֤̤Ʋ٤礭̤ͤ⤢äΤǤƤߤо徺³ȸǤ礦

¤ϡǯŪʳξ徺2̤˵󤲤ƤΤǡΤȤäȳ夬äƤ뤳Ȥˤʤޤ

2̡߰¤οŸ

2̤ˤϡ߰¤οŸ󤲤Ȼפޤɤ̤ˤơޤDZ߰¤ʤȤϻפäƤޤǤǤϡα߰¤ʤǤΤ

äѤƤζͻѲ줿ȤǤϤʤǤ礦ƹϡŪºλơ뤫˴ؿޤäƤΤˡܤξˤϡ10ιĥХ2ʬȤޤޤĶº³ȸ뤫Ǥˡǰֻä³Ƥ뤳Ȥ䡢ꥹή줬³Ƥ뤳Ȥ礭Ȼפޤ

3̡Υߥʻ

3̤ˤϡΥߥʻ󤲤Ȼפޤηкѥ˥塼ɤ̤ˤơƤФƷкۤݤϸΩƤޤäƤΤǤ롼֥βͤϵι̱Ȥ롼֥򳰲ߤ˸򴹤äƤΤǤ

Ϲ⤤вʧ蘆ƤȸäƤǤ礦

4̡ʤ㲼

4̤ϡʤ㲼Ǥθʤ㲼Ƥ뤫ˤĤƤϡкѤθ®طʤȤƸФפ夯ʤäƤΤˡΰǡĴ褦ȤưʤȸƤޤơĴ褦ȤʤΤϡƹΥ륬Ф븣Ǥ⤢롢ȡĤޤꡢʤ㲼С륬λȤڥʤǤȹͤƤΤǤ

ˤƤ⡢Ƹʤ礭㲼СʬԤιϤΤǡŪˤϷкѤȤ̤ΤǤơʤкƤӸФפ礭ʤǤ礦顢ʤ㲼Ĥޤ³ʬʤǤ礦

5̡Ǥμ»

5̤ˤϡ4˥ȤǤǤ󤲤ȻפޤΨ8%ؤΰ夲˴ؤƤȿаո⺬äΤǤĤơǤη̡2ȾϢ³ΥޥʥηкĹˤʤäΤǤƤߤС̱ϿѤƤΤǤϤʤǤ礦

ϡϻ֤򿼹ﲽǤ顢ǤȿФ뤳ȤϷ褷Ƥ̤ޤʤȹͤޤ

6̡٥

6̤ˤϡ٥褷Ȥ󤲤ȻפޤϡŪˤϥ٥ΥߥٻƤޤ󤬡6ǯ֤˥٥褷Τϻ¤Ǥ顢10˥塼鳰ˤϤʤǤ礦

â٥褷Ƥ⡢ΰǡ¼¶⤬㲼³ƤΤ¤Ǥ顢Υ˥塼Ǵޤˤ⤤ʤΤǤ

7̡Ǥμ»ܱ

7̤ˤϡ2015ǯ10ͽꤵƤǤμ»ܱ󤲤Ȼפޤ

ϡľ˹ĥХ2⤿줿ΤǾǤϼ»ܤΤȻפäΤǤ΢򤫤ޤ

ǡǤμ»ܻ2015ǯ102017ǯ4˱뤳Ȥˤʤꡢơʵ줿ΤǺƱϤʤȤΤȤʤΤǤĤǤ⡢ȤθȤǤ顢ľˤʤäɤʤ뤫ʬäΤǤϤʤΤǤ

8̡ĥХ2

8̤ˤϡޡåȤ礤˶äĥХ2󤲤Ȼפޤ10ɲäζͻºꤵ줿ȤǤ

ۤϡޤǸäƤȤ㤦褦ȽǤ򲼤ΤǤ顢ԾطԤäΤǤơ礭ȿΤǤǤ⡢Τ褦ʼˡ򷫤֤СïۤȯѤʤʤΤǡͻƩȸäƤ⤤Ǥ礦

9̡͢п̲

9̤ˤϡ߰¤οŸ˴ؤ餺͢п̤ؤɲʤäȤ󤲤Ȼפޤ11νܤˤϡƤ롼ޥ󶵼߰¤θ̤˴ؤƾǤäƤϤʤʤȯ򤷤ΤǤĤǤ⡢߰¤ϤޤäƤ⤦ޤ2ǯвᤷƤΤǤ

10ˤϰö͢п̤ΤǤ11ˤϡޤޥʥˤʤäƤޤäƤΤǤ

10̡ûĤ꤬ޥʥ

10̤ϡûĤ꤬ޥʥˤʤäȤ󤲤Ȼפޤ

ޤĤ꤬ޥʥˤʤʤơĤޤꡢڤ񤬶ʧΤǤϤʤդ˶館ߤäǤ

ǤϡΤʤʤȤΤ

ϡ䤬̤ĶʤǻԾ줫Ĥ㤤夲褦ʤȤ򤷤Ƥ뤫ǤĤޤꡢĤ̰ʾβʤܤƤ⡢ιĤ䤬˹⤤ͤäƤ٤뤳ȤǤΤǡʼΩΤǤ

ʤʤȤޤǤ䤬Ĥ̤㤤夲ơβΰ̣ΤȤΤΨľʴۤǤ


ʾ夬2014ǯηк10˥塼Ǥ

ɤ餫ȸСۤ礭ʥ˥塼ϤʤäȸäƤ⤷ޤ


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NY18000ɥ˾ޤ˾ǹͤޤΤǤ

ͳʤΤǤ礦

ϡ7-9ƹμ¼кĹΨ礭줿ʤΤȡ11ȯɽƤ®ͤ3.9%ääΤγͤǤ5.0%ˤʤäȤΤǤ

Τ3Ⱦνִ®ȤϤǯΨ5.0%ȤΤʹηкĹΨȤƤ˹⤤ͤȸäƤǤ礦

ǤĤϾŤ˹ͤƤߤɬפȻפޤ

⤽⡢Ƕᡢƹγͤ򹹿³ƤͳϲʤΤǤ礦

ƹηкѤĴ˲Ƥ뤫ʤΤǤ礦

ΤˡˤƵޤˤΤ褦ʷϵޤäƤΤϻ¤ʤΤǤ⤽ϡƹζͻƤȤΤθǤϤʤäΤǤ礦

פФޤ

ǤȤС奼СޤǤΤ褦ʳưѲ뤫⤷ޤ

ǤϡƹΥϤIJΤǤ礦

Ĺϡ3ޤǤϲϹԤʤȤ褦ȯ򤷤ޤΤǡԤȤ4ʹߤˤʤͽۤΤǤĤǤϡ4ʹߤˤȤơġ

ͽۤ뤿ˤFOMCʸԾѰˤβΥ塼򤭤İƤɬפΤǤ

FOMC

112728
231718
342829
461617
572829
691617
7102728
8121516

ǡǤ礦

3ܤβϡ42829˳ŤΤǡ륿ߥ󥰤ȤưᤤΤ429ȤȤˤʤꤽǤơλ˷ꤵʤȤС617Ƥμ729ȤʤΤǤ

ޤǤΤȤ6˥βʥ夲ˤԤΤǤϤʤȤ¿äΤǤϡ4βǽ⤤ȸޤ

Ǥϡ4ʤΤ

ͳȤƤϡ3Ⱦμ¼кĹΨ礭줿ȤȤ⤢ޤĤʾˤեΨFRBɸͤ2%ꤽʷϵˤʤäƤƤ뤫Ǥ

դ

ƹμΨȥեΨδط


30ǯ֤ۤɤƹμΨȥեΨδط򼨤ΤǤ

ΨȥեΨϡɤΤ褦ʴطˤΤ

ŪˤϡեåץȤΤƤȤꡢΨ⤤ˤϥեΨ㤯ơΨ㤤ˤϥեΨϹ⤤ޤ

ϤǤ͡ΤʤСΨ⤤ȤΤϷʵǤ顢ä饤եΨ㤤ȦȡơΨ㤤ȤΤϷʵɤǤ饤եΨϹ⤤Ȧȡ

դ򸫤ȡĤ⤽Τ褦ʴطΩƤǤϤʤȤʬޤȤΤ⡢ΨǥեΨ褦ʤȤⵯƤ뤫Ǥ

âΰǡΥդϡΨ6%ڤ褦ʾǤϥեΨ2%뤳Ȥ¿Ȥʬޤ

2014ǯμΨοͤ11οͤ򼨤Ƥޤ¾ǯϤ٤12ο͡ˤ11οͤǤ5.8%ޤDzäƤΤǤեΨˤĤƤϡ2014ǯοͤϡǯ֤θ͡¾ǯǯ֤ʿ͡ˤ򼨤Ƥޤ줬1.7%ȤˤʤäƤΤǤ

ΥդľįСƼΨϳμ¤㲼ƤƤꡢ⤽Υ٥ϴ6%ڤäƤΤǤ顢ޤǤηи餹ФեΨ2%äƤ⤪ʤȻפΤǤ

ˡǶ褳ʤСˤäƾԤιϤåפ졢θ̤ư˻ɷ㤵졢줬ޤʪξ徺ˤĤʤǽ⤢ΤǤ

¤ϡŪˤʪβ⤿餹Τȹͤ줬ǤˤäƤϡʪξ徺⤿餹̤ʤǤʤΤǤ

ˤƤ⡢ϡƹηʵ褯ʤ뤫Ȥ⡢եΨ徺Ǥ顢饼βޤꡢ줬˱ƶͿȻפΤǤ


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2014ǯ⤤褤財ͤޤäƤޤǶNHKΥ㥹ϡĤⲿȤޤ褦ˡפʤƤȤǤijͤˤȤäƺǯϤɤǯäǤ礦

ȤǡǯŤȡǯϤɤǯˤʤΤˤʤȻפΤǤ㤨СǯγؤϤɤʤΤȡ

ɤˤʤΤǤ礦

ͽۤȻפΤǤĤˤƤǯΤȤꤦ褺ǯ礷ƤȤɬפʤΤǤϤʤǤ礦

Ǥ衣ȿʤڡĤޤꡢͽۤΤäѤʤǤϥȤȤǤäơïͽۤäơïͽۤʤäƤʤȡȤǯͽۤʹƤ⡢ɤ줬ꤽܸĤʤǤ

פޤ󤫡

ǤϡǯϡïͽۤäΤ

Ȥ⡢ϡμͽۤʤȤ¿ȤոλǤäΤǡǯ⤽ۤͽۤŪ椷ͤϤʤȻפäƤޤ

äơǤ礦ιۤäХ2ͽۤͤʤɤʤäǤ

Ĵ٤Ƥߤȡºݤ˺ǯΰصڤӳͽۤŪ椷ͤΤǤ

οͤϡƥӤ˽б餷ƤΤϸȤʤΤǤĤǤ⡢ͥåȤǤϤĤͭפʾϪƤޤ

Maket Hack ԽĹιδͺȤͤΤǤοͤͽۤŪ椷ƤΤǤ

thirose_1354108344_73about.me

Ǥϡ1ǯˤɤͽۤΩƤƤΤ

ϡɡǼΤ褦˸äƤΤǤ

2014ǯʿѤ18300ߡƥɥ120ߡ乥ĴΥꥫνͳȤϡ

⤦ȰؤˤĤƾܤƤߤޤ礦

ʿѤɸ18300ߤǤ
ܳ2014ǯ³ĴˤʤͽۤƤޤ1ǯۤ˥٥ΥߥȤͤưʹߡܳưʬϡɥ롿ߤưǤޤΤ褦Ϣưϡǯ³Ȼפޤ

֤ʤɸʤ18300ߤȤΤϡñ˥㡼Ū˸ܤΤؤˤȤͳǤ

ְؤɸϥɥ롿ߤ120
ؤɸȤƤϥɥ롿ߤ120٤α߰¤򸫤Ƥޤñ˥ƥ˥롦㡼Ȥ鸫Τܰ¤Ǥ

ǡǤ礦

ˤԤäȸǤϤޤ󤬡ޤǤʿѤǯͤ18030ߤǤꡢƥɥߤ121ǯդΤǡۤŪ椷ȸäƤǤ礦

ˡΤ褦ͽۤͳˤĤơñ˥㡼ŪˤߤȤդܤ뤫ȡץ˽Ҥ٤뤢꤬cool!ǤϤޤ󤫡

ͽۤۤΤȤȻפޤ


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Ǥޤ۵޷ккǤ󤸤Ƥޤ¸ΤǤ礦

Ϥ3.5ߤۤɤˤʤ롢Ȥ⡣

ɤפޤ

ˤϡɤƤȤפޤ󡣤ȤΤ⡢ɤƤʵкɬפȤϻפʤǤդʹۤɤǤκʵкɬפʤΤǤ礦

ϡdz񤬹ߤޤꤷƺäƤ͡ʤäǤĤΤΤ褦˸ʤϵ㲼ƤΤǤ

Ǥdz񤬹ߤޤꤷƤʤƸΤǤ礦ޤ߰¤⤢ΤǸ㲼βäݡǤǤϤʤˤƤ⡢Ǥ

áǤ뤫顩

ХäƤϤޤ󡣳Τ7-9μ¼GDPĹΨϥޥʥˤʤäƤޤĿ;ƤǤϤʤǤ

кʤƸäƤ̵̤Ǥäơͼ­ˤʤۤɤǤ顣

ˡ⤽2ȾϢ³Ǽ¼GDPޥʥĹˤʤäȤäƤ⡢Ψ3ݥȤ夲ǤĤơľζ߼פäǤ2ȾϢ³ƥޥʥĹˤʤäƤ⡢νäȸäƤǤ礦

ĤޤꡢʵкǤɬפʤ褦ʾˤ⹴餺ʵкǤĤ顢סܤμڶ⤬ΤǤ

դ

ʵк

1998ǯٰʹߤΡʵкˤäôޤȤƤߤޤ

ʤ15ǯ֤ۤɤδ֤ˡ92.9ߤΤ⤬ꤸƤΤǤʸΤʤ褦˸äƤޤϻȵϤǤϤޤ󡣻ȵϤϤڤ礭ʤޤˡ

ȤϤ椬ǤϹ¤ŪǼ­ƤΤǤ顢ºݤˤؤɤĤȯԤˤäŤƤΤǤ

ĤޤꡢƷʵкǤäƤˡ򸶰ȤƹĻĹ90߰ʾƤΤǤ

Ǥϡΰǡ̾GDPϤɤۤäΤ

1998ǯ٤̾GDP510ߡơ2013ǯ٤̾GDP483ߤǤ顢27ߤۤɤषäƤΤǤ

ǤϡǼϤɤʤäƤΤ

1998ǯ٤ΰ̲פǼ50ߡ줬2014ǯ٤ΰ̲פǼ50ߤ򸫹ǤΤDzѲʤΤǤ

󥺷кѳؤȤ˽СʵкʺưˤԤȡ̤ΤGDPäǼȦǤϤʤäΤǤ礦

ʬȤꡢ椬ξˤϡ̾GDPϤषꡢǼƤϤʤΤǤƤΤϡĻĹʤΤǤ

䤬ʤȤȡʵкǤʤääȹ󤤤ȤˤʤäƤȦʤƸͤ뤫⤷ޤ

ʤƤ⼡Τ褦ʤȤϸΤǤ

⤷Τ褦˥ХХʵкǤĤȤʤäʤСڤǤɬϾƺѤȦǤơǤɬСΤ褦Ǥη̾ळȤʤäǤ

ˡäȽפʤȤޤϡäƶ۵ޤηккǤľ硢ƤƻȤ꤬ˤʤäƤޤɬʤΤˤޤͽĤƤޤȤ뤳ȤǤ

̤ǤСɤľ𤷤ƤʤʤǧʤͽޤͽȤळȤˤʤäˤϡ׶ɤ᤯ͽ׵򤷤ȸͭͤʤΤǤ

ʵкΤͽǤ顢ȤȤۤޤäƤޤޤơޤͽΩɬפ뤫顢Ȥ򤤤̣ƤˤʤɤʤΤǤ

ʬˤʤޤɬ˳Τʶ;ϤΤǤ

䤬ʤȤäƤǼʤͤ⤤Ǥ礦ĤޤꡢɤʻȤäơ̵̤ʻȤäơͽĤƤС򤭤äˤ⤬褦ˤʤ뤫顢Ƿʵ褯ʤȻפäƤͤʤ¿Ȥ

ΤˡΤ褦ˤƤ⤬ɤɤСʵϤ褯ʤ뤫⤷ޤ󡣤ºݤˤϤϤʤʤΤǤ龦ʤƤ⤬äƤƤ⡢Τή줬ȥåפƤޤȤ¿ΤǤʵаۤɡФ뤤Ÿ˾ƤʤΤǡΤ褦ˤʤ뷹ΤǤ

â1¤Ǥή줬ȥåפȤƤ⡢⤷줬ϰˤȤäƤɬԲķƻϩ䶶ηߤ˻Ȥ줿ȡؤѤ뤳ȤΤʤƻϩʤɤ˻Ȥ줿ȵڸ̤Ϥޤǰ㤦ΤǤ

Τʤ褦˸ޤȤ̵̤ȤΤǤϤʤΤǤȤǤ⡢ͭפʤΤ⤢ΤǤ֤ˤʤޤѲͤ㤤Ȥξˤϡɡɤ֤˼ΤƤƱǡܤμڶ⤬ʤΤǤ

ơäܤμڶ⤬ΤǡޤǤˤʤꡢǤ򤹤뤫ʵ­ĥ롢ȡ

ޤʬСܤμڶ⤬ʤ褦ʹפ򤹤ΤǤ顢Τ褦ʾǷʵкǤĤΤ̵̤Ǥ뤷ޤܷкѤ˼βƤޤȸΤǤ


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ƸԾѰβ礬λʸȯɽޤ

̤ơƹ夲ϲˤʤꤽʤΤ˴ؤơҥȤˤʤ뤳Ȥ󼨤줿Τ

褺β礬ޡåȤδؿϡʬδ֡פȤʸĤΤɤ˴ؿޤäƤȸޤ

ɤȤȸСʸäСʬδ֡ݻ뤳ȤŬǤפȤʸϤ뤳ȤˤʤΤǡ夲Υߥ󥰤ޤ뤳Ȥ̣ΤǤ

̤ϤȸСʸϻĤäΤǤƱˡǦѶפȤդäȡ

ǦѶפȤΤϡ夲η˴ؤơԾѰǦѶ٤פȤȤΤ褦ʤΤǤĤä顢βλ֤뤳Ȥ̣ȤǤʤΤǤ

Τ褦˲᤹ȡβΤȹͤΤ̤ǤϤʤΤǤ礦

ޡåȤϤΤ褦ˤȿƤʤΤǤΤʤХɥ߰¤ˤޤƤ뤫Ǥ

FRBϡΤʤˤͤƤΤ

褺ʸɤǤߤޤ礦


To support continued progress toward maximum employment and price stability, the Committee today reaffirmed its view that the current 0 to 1/4 percent target range for the federal funds rate remains appropriate.

ָѤκ粽ʪΰ³ٱ礹뤿ᡢѰϡեǥեɥ졼Ȥ00.25Τޤޤ˿֤ȤŬǤȤιͤƳǧ

In determining how long to maintain this target range, the Committee will assess progress--both realized and expected--toward its objectives of maximum employment and 2 percent inflation.

֤ɸͤɤ٤δְݻ뤫äơѰϡѤΰ2%ΥեΨȤ2Ĥλɸʼ¸ͤͽͤĤ򻲾ȡˤοŸ֤ɾ뤳Ȥˤʤ

This assessment will take into account a wide range of information, including measures of labor market conditions, indicators of inflation pressures and inflation expectations, and readings on financial developments.

֤ɾäƤϹϤʥǡθ뤳ȤȤ뤬ˤϡϫƯԾξե찵ϵڤӥեͽۡˤ϶ͻȽǤޤ


Based on its current assessment, the Committee judges that it can be patient in beginning to normalize the stance of monetary policy.

ָȽǤ˴ŤѰϡͻΥ󥹤ﲽäǦѶ٤Ǥ뤳ȤǤΤȽǤ


The Committee sees this guidance as consistent with its previous statement that it likely will be appropriate to maintain the 0 to 1/4 percent target range for the federal funds rate for a considerable time following the end of its asset purchase program in October, especially if projected inflation continues to run below the Committee's 2 percent longer-run goal, and provided that longer-term inflation expectations remain well anchored.

ѰϡΥ󥹤ϡäͽۥեΨѰĹɸȤ2%򲼲äޤޤǤꡢĹΥեͽۤʬ˰ꤷޤޤǤʤС10λ񻺹֤νλδ֤ˤƥեǥեɥ졼Ȥ00.25%˰ݻ뤳ȤŬǤȤޤǤʸȰפΤȹͤ


However, if incoming information indicates faster progress toward the Committee'semployment and inflation objectives than the Committee now expects, then increases in the target range for the federal funds rate are likely to occur sooner than currently anticipated.

֤ʤ顢Ѱ񤬸ͽۤʾΥԡɤǸѤκ粽ʪΰȤɸ˸äƤȤȤ򺣸ꤵǡȤˤϡեǥեɥ졼Ȥΰ夲ͽۤƤ᤯Ǥ

Conversely, if progress proves slower than expected, then increases in the target range are likely to occur later than currently anticipated.

ֵդ˸Сɸμ¸٤ʤˤ夲٤ʤǤ


ǡǤ礦FRBθȤǤǤ礦

ηкѾǥβ᤯ʤ뤳Ȥ⤢٤ʤ뤳Ȥ⤢ȸäƤΤǡ줫ͤСδ֡פȡǦѶפȤȤդäƤ褦Ȥޤȡۤɰ̣Τ뤳ȤǤϤʤ褦ʵ⤷Ƥޤ

ˡĹεԲ񸫤Ǥα֤ߤƤߤޤ礦

Today's statement which indicates that the committee judges that it can be patient inbeginning to normalise the stance of monetary policy does not signify any change in the committee's policy intentions as set forth in its recent statements.

ѰϡͻΥ󥹤ﲽäǦѶ٤Ǥ뤳ȤǤΤȽǤȤʸϡǶʸǼ줿ѰΰջפʤѹΤǤϤʤ

 Fed probably would not raise for the next couple of meetings.

FRBϡ餯οβ礬ԤޤǤδ֡夲ԤȤϤʤǤ

 So, a "couple," I believe, the dictionary probably says a "couple" means two. So a couple means two.

ֿ󡣼ˤcouple ΰ̣2Ǥȡ롣äơȤΤ2̣


ʬˤʤäǤ礦

Ĺϡ2βФޤǤϡ夲ϤʤǸƱʤΤǤ

ȤС夲Υߥ󥰤ۤޤ뤳ȤϤʤȰ¿Ƥ⤤ΤȤ⡢ʹߤ夲ĹԤƤ⤪Ϥʤȹͤ٤ʤΤ

̤ȤơFOMCβФơ߰¥ɥƤӳǧ졢ơƹγ徺äꡢ̤Ȥơ椬γ夲ƤȤȤʤΤǤ礦


פˡθʸθ󤷺˶ϫȤȤʤΤȻפäå򤪴ꤤפޤ

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ʤο

㤨С10.5%쵤17%˰夲Τ¸ΤǤ礦

Ǥ쵤6.5ݥȤ夲ΤǤ衣‌ʤۤɤξ夲äפꡣ

ǤϡΤΤ褦ʤȤ򤷤Τ

ϡ롼֥βͤβʤʤߤޤʤǤĤޤꡢܤƨ򤬵Ƥ롢ȡ롼֥βͤϡ1ǯ֤Ⱦʬۤɤˤޤ㲼ƤΤǤ

ǤϡΥ롼֥βͤΤ

褺1ǯ֤νפФĺȡߥʻ礷ФкۤʤɤäΤǤĤ˲äƺǶθʤ㲼ܥǥ֥Τ褦˸ƤΤǤ

Ǥϡθʤ㲼ȡ롼֥βͤΤ

ϥǤˡξ硢ʤ100ɥ򲼲ȺλʤȤƤޤΤǡΤ褦˸ʤȥˤϿʱƶڤ֤ΤǤ

ǤϡʳˤϱƶϤʤΤ

ʳˤ㤨СƱΥ٥ͥʱƶƤȸƤޤ

ʤ㲼ϤѤȼΤΡϡкѤ˥ץ饹θ̤ͿΤʤΤǤ

ϡ켡륷å򲱤ƤǤ礦

Ƥʤ㤤ΤǤ͡

Ǥ⡢ǯʤ鲱ƤȦ

Υ륷åΤŪ˥ե줬ʹԤܤޤкѤ纮˴ΤǤ

ǤʤεƭΤǡ͡ʾʤβʤƤ˾夬äΤ顢ԤǤ̱ϡϤ礭郎ƤޤäΤǤĤޤꡢԶƤޤäΤǤ

ȤȤϡդ˸ʤСȤȿФΤȤȦĤޤꡢʪ㲼Сʬ桹ԤϹϤĤĤޤꡢ̾ܤεγۤѤʤƤ⡢٤Ƥ¿ΥΤ䥵ӥ뤳ȤǤ褦ˤʤꡢϳڤˤʤΤǤ

äȸСǯ4˾ǤǤˤʤäƷʵʤƸƤޤ⤷θʤ㲼ܤʪ褦ʤȤˤʤСǤαƶĢäˤƤޤ̤ԤǤʤǤϤʤΤǤ

Ǥ顢λθʤ㲼ο͡ˤȤäƤϡޤ˥ꥹޥץ쥼ȤȸäƤ⤤ΤǤ

Ǥ⡢θʤ㲼ľ˴٤ʤ͡ΤǤ⡢Ǥ٥ͥǤʤܤιˡ

ϡեɤȸƤФ͡Ǥ

ϤɤƤ⡢ʪ2%ʾ夲ȡäΤ˸СǤαƶʪ2%夲ȡ顢ʤ㲼뤳ȤˤäʪޤDzȡʬǤɸãˤʤΤǡäƤΤǤ

褯ͤƤߤƲޥɤʥե줬¸ǤʤƤ⡢¤˹̱ब夹ΤǤСޤ٤ǤϤʤΤȡ

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ʵ褯ʤä̤Ȥʪ夬ΤǤа̣뤱ɡʵʤʤʪ夬äƤ̣ʤޤʵ褯ʤΤǤСʪ夬ʤƤϤʤȹͤå򤪴ꤤפޤ

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̱ޤ뤳Ȥ¿οͤͽۤƤȤǤ礦Ĥޤ¿οͤδԤ΢ڤäȤĤ褦ʵޤ

פޤ󤫡ϸΤ

γϤɤʤäƤޤʿѤϡ350ߤۤɲ16700档Ĥδ֡18000˾äΤΤ褦Ǥ⡢θ塢̱ޤΰ¤ΤΤȤʤäΤˤǤ衣

˵Ϥɤ˹ԤäΤȡǤϤʤΤȡ

ǤϡγϲƤΤ

μ礿ͳϳγäƤ뤫顣

ǤϡγγäƤΤ

ʤ㲼Ȥ줬˵ڤܤƶϥꥷʤɤΤˡƤӥꥹդ褷Ƥ뤫ȡ

ξڵ˱߹˿ƤΤǤ

ޤǸС߹˿ƤΤdzĴǤȸäƤ⤷ޤ

ϡʳˤͳꤽʵޤ

ǤϡͳȤϡ

ϸޤ

֥٥Υߥ򤵤˿ʤȤι̱ĺ

ˤʤΤǤ礦äȤ⼫̱ޤΤ顢Τ褦˲ᤷƤ⡢ϰμͳ

ǤϡޡåȤϤɤʤΤ

ޡåȤ⥢٥Υߥ򤵤˿ʤȸäƤΤ

ΤˡޡåȴطԤΤʤˤϥ٥Υߥ˴Ԥ¿ȤǤʤǤ礦

ƱˡԤϤʾθ̤ϤΤȡŪʸƤ뤳ȤǤʤǤ礦

θ̤ԤǤʤȸСä3ܤȤ˳Ǥ⤦2ǯԤäΤˡӤäꤹ褦ʵפԤ줿ȡäƤ뤳ȤѤ餺ΥХޥǤϤʤȡ

˸СƼ̱ޤ̡ϡ˷кѳФƤʤ¾夲򳫻ϤƤ褦ǤĤΤ褦٤᤮ȡбļԤȤƤϿӤäȤˤʤ뤫Ǥ

ˤƤ⡢ԾǤܤβɱ󤵤ȤȸäƤǤ礦ǡγԾ줬η̤ȿʤȤȤϡ鼫̱ޤΰ⤿餹ѤˤĤƵդϤƤȤȤǤϤʤΤǤ礦


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