{"id":452771,"date":"2023-02-22T14:45:57","date_gmt":"2023-02-22T22:45:57","guid":{"rendered":"https:\/\/nai500.com\/?p=452771"},"modified":"2023-02-22T14:46:24","modified_gmt":"2023-02-22T22:46:24","slug":"%e4%ba%a4%e6%98%93%e9%80%bb%e8%be%91%e5%86%8d%e5%8f%98-%e4%b9%b0%e5%85%a5%e4%b8%ad%e5%9b%bd%e4%bb%8d%e5%85%b7%e5%90%b8%e5%bc%95%e5%8a%9b","status":"publish","type":"post","link":"https:\/\/nai500.com\/zh-hans\/blog\/2023\/02\/%e4%ba%a4%e6%98%93%e9%80%bb%e8%be%91%e5%86%8d%e5%8f%98-%e4%b9%b0%e5%85%a5%e4%b8%ad%e5%9b%bd%e4%bb%8d%e5%85%b7%e5%90%b8%e5%bc%95%e5%8a%9b\/","title":{"rendered":"\u4ea4\u6613\u903b\u8f91\u518d\u53d8\uff0c\u201c\u4e70\u5165\u4e2d\u56fd\u201d\u4ecd\u5177\u5438\u5f15\u529b"},"content":{"rendered":"<p>\u4e00\u4e2a\u8ba9\u4eba\u610f\u5916\u7684\u6570\u636e\uff0c\u8ba9\u6628\u65e5\u7f8e\u56fd\u4e09\u5927\u80a1\u6307\u906d\u90472023\u5e74\u6700\u5dee\u5355\u65e5\u8868\u73b0\uff0c\u6807\u666e500\u6307\u6570\u548c\u7eb3\u65af\u8fbe\u514b\u6307\u6570\u8fde\u7eed3\u4e2a\u4ea4\u6613\u65e5\u6536\u4f4e\uff0c\u9053\u743c\u65af\u5de5\u4e1a\u6307\u6570\u56de\u5410\u4e86\u5f00\u5e74\u4ee5\u6765\u7684\u6240\u6709\u6da8\u5e45\u3002\u4eca\u65e5\u5e02\u573a\u4f9d\u7136\u5904\u4e8e\u9893\u52bf\u3002<\/p>\n<p>\u8981\u77e5\u9053\u8fdb\u51652023\u5e74\uff0c\u5e02\u573a\u666e\u904d\u8ba4\u4e3a\u5b8f\u89c2\u7ecf\u6d4e\u6b63\u7531\u901a\u8d27\u81a8\u80c0\u8f6c\u5411\u8870\u9000\uff0c<a href=\"https:\/\/www.federalreserve.gov\/\" target=\"_blank\" rel=\"noopener\">\u7f8e\u8054\u50a8<\/a>\u4e0d\u4f1a\u518d\u8fdb\u884c\u6fc0\u8fdb\u7684\u52a0\u606f\uff0c\u751a\u81f3\u6709\u4eba\u9884\u8ba1\u5e74\u5185\u53ef\u80fd\u51fa\u73b0\u964d\u606f\u3002\u5728\u8fd9\u79cd\u9884\u671f\u4e4b\u4e0b\uff0c\u80a1\u5e02\u4e00\u65392022\u5e74\u7684\u9eef\u6de1\u52bf\u5934\uff0c\u5f00\u59cb\u6d3b\u8dc3\u8d77\u6765\uff0c\u65e9\u524d\u8170\u65a9\u6709\u4f59\u7684\u6210\u957f\u80a1\u4eec\u5c24\u5176\u53d7\u5230\u9752\u7750\u3002<\/p>\n<p>\u8c01\u77e5\u521a\u521a\u516c\u5e03\u76842\u6708\u6570\u636e\u663e\u793a\uff0c\u7f8e\u56fd\u4f01\u4e1a\u6d3b\u52a8\u53cd\u5f39\uff0c\u5236\u9020\u4e1aPMI\u521d\u503c\u4ece1\u6708\u768446.9\u5347\u81f347.8\uff0c\u4e3a\u8fd14\u4e2a\u6708\u7684\u6700\u9ad8\u6c34\u5e73\uff1b\u670d\u52a1\u4e1aPMI\u521d\u503c\u4ece46.8\u5347\u81f350.5\uff0c\u89e6\u53ca8\u4e2a\u6708\u4ee5\u6765\u7684\u6700\u9ad8\u6c34\u5e73\u3002\u800c\u4e14\uff0c\u4e24\u4e2a\u6570\u636e\u5747\u597d\u4e8e\u5e02\u573a\u5148\u524d\u9884\u671f\u768447.1\u548c47.2\u3002<\/p>\n<p>\u8fd9\u610f\u5473\u7740\u5e02\u573a\u90fd\u5728\u9884\u671f\u7684\u8870\u9000\u53ef\u80fd\u4e0d\u4f1a\u6765\u4e34\uff0c\u4f46\u5e76\u4e0d\u662f\u597d\u6d88\u606f\uff0c\u56e0\u4e3a\u540c\u6837\u9884\u793a\u7740\u4e3a\u4e86\u63a7\u5236\u901a\u80c0\uff0c\u6700\u7ec8\u7684\u5229\u7387\u5cf0\u503c\u53ef\u80fd\u6bd4\u5927\u5bb6\u7684\u9884\u671f\u90fd\u9ad8\uff0c\u4e14\u7ef4\u6301\u9ad8\u5229\u7387\u7684\u65f6\u95f4\u5c06\u66f4\u957f\u3002<\/p>\n<p>Prudential Management Associates\u6295\u8d44\u603b\u76d1\u4e39\u5c3c\u5c14\u00b7\u4f2f\u79d1\u7ef4\u8328\u8bc4\u8bba\u8bf4\uff1a\u201c\u76ee\u524d\u503a\u5238\u5e02\u573a\u51e0\u4e4e\u653e\u5f03\u4e86\u5bf92023\u5e74\u4e0b\u534a\u5e74\u52a0\u606f\u6b21\u6570\u6709\u9650\u548c\u964d\u606f\u7684\u4e50\u89c2\u9884\u671f\u201d\u3002<\/p>\n<p>\u6309\u7167<a href=\"https:\/\/nai500.com\/zh-hans\/%e8%82%a1%e7%a5%a8%e6%9f%a5%e8%af%a2\/?qm_symbol=JPM\" target=\"_blank\" rel=\"noopener\">\u6469\u6839\u5927\u901a<\/a>\u7684\u7b56\u7565\u56e2\u961f\u6240\u8bf4\uff1a\u201c\u4ece\u5386\u53f2\u4e0a\u770b\uff0c\u80a1\u5e02\u901a\u5e38\u4e0d\u4f1a\u5728\u7f8e\u8054\u50a8\u5ba3\u5e03\u964d\u606f\u4e4b\u524d\u89e6\u5e95\uff0c\u5728\u7f8e\u8054\u50a8\u505c\u6b62\u52a0\u606f\u4e4b\u524d\uff0c\u6211\u4eec\u4ece\u672a\u770b\u5230\u8fc7\u4f4e\u70b9\u3002\u201d<\/p>\n<h2><strong>\u7f8e\u80a1\u906d\u9047\u6700\u5dee\u4e00\u5929\uff0c\u534e\u5c14\u8857\u770b\u7a7a<\/strong><\/h2>\n<p>\u521d\u51652023\u5e74\u65f6\uff0c\u5e02\u573a\u6574\u4f53\u90fd\u9884\u8ba1\u7f8e\u56fd\u4f1a\u6709\u4e00\u573a\u7ecf\u6d4e\u8870\u9000\uff0c\u6210\u4e3a\u7f8e\u8054\u50a8\u8d27\u5e01\u653f\u7b56\u5f7b\u5e95\u6539\u5411\u7684\u52a8\u529b\u3002\u4e0d\u5c11\u4ea4\u6613\u5458\u751a\u81f3\u9884\u6d4b\u8054\u90a6\u57fa\u91d1\u5229\u7387\u7684\u5cf0\u503c\u4e0d\u4f1a\u8d85\u8fc75%\u3002\u4e5f\u6b63\u57fa\u4e8e\u6b64\u9884\u671f\uff0c\u80a1\u5e02\u53cd\u5f39\u7684\u52bf\u5934\u4e00\u5ea6\u975e\u5e38\u5f3a\u52b2\u3002<\/p>\n<p>\u4f34\u968f\u7740\u7ecf\u6d4e\u6570\u636e\u4e00\u518d\u8d85\u9884\u671f\uff0c\u5982\u4eca\uff0c\u7ecf\u6d4e\u8870\u9000\u5df2\u7ecf\u4e0d\u5728\u8003\u8651\u8303\u56f4\u5185\uff0c\u8fd9\u4e5f\u4f7f\u5f97\u80a1\u5e02\u591a\u5934\u7eb7\u7eb7\u9000\u7f29\uff0c\u800c\u4ea4\u6613\u5458\u5f00\u59cb\u8003\u8651\u5229\u7387\u5cf0\u503c\u6709\u63a5\u8fd16%\u7684\u53ef\u80fd\u6027\u3002<\/p>\n<p>\u56fd\u503a\u6536\u76ca\u7387\u6bd4\u80a1\u5e02\u7684\u53cd\u6620\u66f4\u4e3a\u76f4\u63a5\uff0c2\u5e74\u671f\u7f8e\u56fd\u56fd\u503a\u6536\u76ca\u7387\u8df3\u5347\u81f34.729%\uff0c\u8fbe\u52302007\u5e747\u670824\u65e5\u4ee5\u6765\u4ea4\u6613\u65f6\u6bb5\u6700\u9ad8\u6536\u76d8\u6c34\u5e73\uff1b10\u5e74\u671f\u7f8e\u56fd\u56fd\u503a\u6536\u76ca\u7387\u6500\u5347\u81f33.953%\uff0c\u4e3a2022\u5e7411\u67089\u65e5\u4ee5\u6765\u7684\u6700\u9ad8\u6c34\u5e73\uff0c\u8868\u660e\u4ea4\u6613\u5458\u4eec\u6b63\u5728\u5e94\u5bf9\u9ad8\u4e8e\u9884\u671f\u7684\u901a\u80c0\u6570\u636e\u3002<\/p>\n<p>\u4f17\u6240\u5468\u77e5\uff0c\u503a\u5238\u6536\u76ca\u7387\u7684\u8d70\u9ad8\u5c06\u5bf9\u80a1\u5e02\u4ea7\u751f\u4e0d\u5229\u5f71\u54cd\uff0c\u5927\u578b\u79d1\u6280\u80a1\u66f4\u4f1a\u627f\u538b\u4e25\u91cd\u3002\u56e0\u4e3a\u79d1\u6280\u80a1\u7684\u4f30\u503c\u5f80\u5f80\u57fa\u4e8e\u672a\u6765\u83b7\u5229\uff0c\u800c\u968f\u7740\u5229\u7387\u8d70\u9ad8\uff0c\u672a\u6765\u83b7\u5229\u4f1a\u5927\u6253\u6298\u6263\u3002<\/p>\n<p>\u53d7\u5230\u7f8e\u8054\u50a8\u653f\u7b56\u4e0d\u4f1a\u5feb\u901f\u8f6c\u5411\u7684\u5f71\u54cd\uff0c\u534e\u5c14\u8857\u51e0\u5927\u6295\u884c\u5747\u8868\u793a\u770b\u7a7a\u540e\u5e02\u3002<\/p>\n<p>\u6469\u6839\u5927\u901a\u7b56\u7565\u5e08Marko Kolanovic\u91cd\u7533\uff0c\u6295\u8d44\u8005\u5e94\u5f53\u9009\u62e9\u9022\u9ad8\u5356\u51fa\uff0c\u53cd\u901a\u80c0\u8d8b\u52bf\u53ef\u80fd\u53ea\u662f\u201c\u6682\u65f6\u7684\u201d\u3002\u6ca1\u6709\u5145\u5206\u7406\u7531\u786e\u8ba4\u4e0b\u4e00\u8f6e\u6da8\u52bf\uff0c\u80a1\u5e02\u53cd\u5f39\u52bf\u5934\u5c06\u5728\u5f53\u524d\u5b63\u5ea6\u9010\u6e10\u51cf\u5f31\uff0c\u7b2c\u4e00\u5b63\u5ea6\u53ef\u80fd\u5c31\u662f\u4eca\u5e74\u7684\u9ad8\u70b9\u4e86\u3002<\/p>\n<p>\u201c\u4eca\u5e74\u524d\u4e09\u4e2a\u6708\u53ef\u80fd\u6807\u5fd7\u7740\u5e02\u573a\u62d0\u70b9\uff0c\u4e8c\u5b63\u5ea6\u548c\u4e09\u5b63\u5ea6\u7f8e\u80a1\u5c06\u9677\u5165\u8dcc\u52bf\u3002\u7531\u4e8e\u7f8e\u8054\u50a8\u6216\u5728\u4e00\u6bb5\u65f6\u95f4\u5185\u5c06\u5229\u7387\u7ef4\u6301\u5728\u9ad8\u4f4d\uff0c\u5e74\u5e95\u524d\u57fa\u672c\u9762\u5c06\u518d\u5ea6\u6076\u5316\u201d\u3002<\/p>\n<p>\u6469\u6839\u58eb\u4e39\u5229\u7b56\u7565\u5e08Mike 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