\u7f8e\u570b\u80a1\u6307\u671f\u8ca8\u8b8a\u52d5\u4e0d\u5927\uff0c\u9ec3\u91d1\u5f98\u5f8a\u5728\u6bcf\u76ce\u53f8 4,000 \u7f8e\u5143\u9644\u8fd1\uff0c\u7f8e\u5143\u5c0f\u5e45\u8d70\u9ad8\uff0c\u56e0\u806f\u90a6\u653f\u5e9c\u505c\u64fa\u9032\u5165\u7b2c\u4e03\u5929\uff0c\u95dc\u9375\u7d93\u6fdf\u6578\u64da\u906d\u51cd\u7d50\uff0c\u4e26\u4f7f Fed \u7684\u4e0b\u4e00\u6b65\u8209\u63aa\u8499\u4e0a\u9670\u5f71\u3002\u516c\u50b5\u6b96\u5229\u7387\u5728\u65e9\u76e4\u4fdd\u6301\u7a69\u5b9a\uff0c\u98a8\u96aa\u8cc7\u7522\u666e\u904d\u7f3a\u4e4f\u660e\u78ba\u65b9\u5411\uff0c\u6295\u8cc7\u4eba\u5fc5\u9808\u5728\u7f3a\u5c11\u5e73\u5e38\u5b8f\u89c0\u6307\u6a19\u7684\u60c5\u6cc1\u4e0b\u64cd\u4f5c\u3002\u4e00\u4f4d\u7b56\u7565\u5e2b\u7a31\u9019\u5834\u50f5\u5c40\u300c\u5c0d\u80a1\u5e02\u4f86\u8aaa\u66f4\u50cf\u662f\u500b\u5e72\u64fe\uff0c\u800c\u975e\u771f\u6b63\u969c\u7919\u300d\uff0c\u4f46\u505c\u64fa\u6642\u9593\u6108\u9577\uff0c\u4e0d\u78ba\u5b9a\u6027\u6ea2\u50f9\u5c31\u6108\u9ad8\u3002<\/p>\n
\u6700\u76f4\u63a5\u7684\u5e02\u5834\u6469\u64e6\u662f\u6578\u64da\u65b7\u5c64\u3002\u6bcf\u6708\u5c31\u696d\u5831\u544a\u548c CPI \u767c\u5e03\u88ab\u64f1\u7f6e\uff0c\u8b93\u653f\u7b56\u5236\u5b9a\u8005\u8207\u6295\u8cc7\u4eba\u5931\u53bb\u901a\u5e38\u7528\u4f86\u6821\u6e96\u5229\u7387\u9810\u671f\u7684\u95dc\u9375\u8f38\u5165\u3002\u6c92\u6709\u5c31\u696d\u8207\u901a\u81a8\u6578\u64da\uff0cFed \u7684\u53cd\u61c9\u51fd\u6578\u66f4\u96e3\u4ee5\u63cf\u7e6a\u30029 \u6708\u9593\u4ea4\u6613\u54e1\u9084\u5728\u722d\u8ad6\u9032\u4e00\u6b65\u964d\u606f\u7684\u898f\u6a21\u8207\u6642\u9ede\uff0c\u5982\u4eca\u5fc5\u9808\u5f9e\u6b21\u512a\u4f86\u6e90\u8207\u5e02\u5834\u4fe1\u865f\u63a8\u65b7\u5b8f\u89c0\u5065\u5eb7\u72c0\u614b\u3002\u9019\u610f\u5473\u8457\u66f4\u591a\u566a\u97f3\u8207\u66f4\u5bec\u7684\u8aa4\u5dee\u7bc4\u570d\u3002\u5c0d Fed \u800c\u8a00\uff0c\u9019\u4f7f\u5f97\u6e9d\u901a\u8207\u653f\u7b56\u6642\u5e8f\u8907\u96dc\u5316\uff0c\u53ef\u80fd\u4f7f\u5b98\u54e1\u50be\u5411\u63a1\u53d6\u89c0\u671b\u7acb\u5834\uff0c\u5373\u4fbf\u6210\u9577\u8a0a\u865f\u6b63\u8d70\u5f31\u3002<\/p>\n
S&P 500 (SPX) \u8207 Nasdaq 100 (NDX) \u671f\u8ca8\u5728\u5e73\u76e4\u9644\u8fd1\u9707\u76ea\uff0c\u9019\u662f\u505c\u64fa\u671f\u9593\u5e38\u898b\u7684\u683c\u5c40\u2014\u2014\u982d\u689d\u98a8\u96aa\u4e0a\u5347\u4f46\u57fa\u790e\u76c8\u9918\u9a45\u52d5\u56e0\u7d20\u5c1a\u672a\u53d7\u640d\u3002\u9053\u74ca\u5de5\u696d\u6307\u6578 (DJIA) \u4e5f\u5448\u73fe\u985e\u4f3c\u7121\u65b9\u5411\u6027\u3002\u9ec3\u91d1\u8d70\u5411\u6bcf\u76ce\u53f8 4,000 \u7f8e\u5143\u7a81\u986f\u907f\u96aa\u5c0d\u6c96\u60c5\u7dd2\uff0c\u800c\u8f03\u5f37\u7684\u7f8e\u5143\u6307\u6578 (DXY) \u986f\u793a\u6c42\u5b89\u5168\u7684\u8cb7\u76e4\u3002\u80a1\u5e02\u6ce2\u52d5\u5c0d\u83ef\u5e9c\u982d\u689d\u6d88\u606f\u53cd\u61c9\u654f\u611f\uff0c\u9078\u64c7\u6b0a\u5e02\u5834\u5c07\u65e5\u5167\u6ce2\u52d5\u5e45\u5ea6\u5b9a\u50f9\u5f97\u66f4\u5bec\u3001\u77ed\u671f\u5c0d\u6c96\u6ea2\u50f9\u5347\u9ad8\u3002\u7cfb\u7d71\u5316\u8207\u4e3b\u89c0\u7b56\u7565\u5728\u7f3a\u4e4f\u5b98\u65b9\u6578\u64da\u50ac\u5316\u5291\u7684\u5e02\u6cc1\u4e0b\u6536\u7e2e\u98a8\u96aa\uff0c\u6d41\u52d5\u6027\u5728\u908a\u7de3\u5730\u5e36\u8b8a\u8584\u3002<\/p>\n
\u904e\u53bb\u7684\u505c\u64fa\u7d93\u9a57\u50be\u5411\u65bc\u8b93\u4eba\u51b7\u975c\u3002\u4e0a\u4e00\u6b21\u8f03\u9577\u6642\u9593\u7684\u505c\u64fa\u5728 2018\u20132019 \u5e74\uff0c\u671f\u9593 S&P 500 \u5e73\u5747\u4e0a\u6f32\uff0c\u4e14\u4e3b\u8981\u9280\u884c\u7814\u7a76\u9577\u671f\u6307\u51fa\uff0c\u82e5\u505c\u64fa\u77ed\u66ab\uff0c\u5e02\u5834\u5f71\u97ff\u901a\u5e38\u6709\u9650\u3002\u6b77\u53f2\u4e0a\u5e73\u5747\u505c\u64fa\u50c5\u6301\u7e8c\u5e7e\u5929\u3002\u9019\u4e00\u5287\u672c\u89e3\u91cb\u4e86\u4eca\u65e5\u884c\u60c5\u7684\u6c89\u7a69\uff1a\u6295\u8cc7\u4eba\u5047\u5b9a\u5e72\u64fe\u662f\u66ab\u6642\u7684\uff0c\u4f01\u696d\u57fa\u672c\u9762\u4ecd\u4e3b\u5c0e\u5e02\u5834\uff0c\u653f\u6cbb\u566a\u97f3\u8f03\u53ef\u80fd\u662f\u77ed\u66ab\u800c\u975e\u8da8\u52e2\u5316\u3002\u6b64\u756a\u4e0d\u540c\u4e4b\u8655\u5728\u65bc\uff0c\u6578\u64da\u5168\u9762\u51cd\u7d50\u767c\u751f\u5728 Fed \u8def\u5f91\u95dc\u9375\u4e14\u901a\u81a8\u8d70\u52e2\u654f\u611f\u7684\u6642\u523b\u3002\u9019\u63d0\u9ad8\u4e86\u8aa4\u8b80\u8a0a\u865f\u8207\u5009\u4f4d\u6a5f\u68b0\u6027\u904e\u5ea6\u8abf\u6574\u7684\u6a5f\u7387\uff0c\u5373\u4fbf\u6307\u6578\u5c64\u9762\u7684\u5f71\u97ff\u7dad\u6301\u6709\u9650\u3002<\/p>\n
\u96a8\u6642\u9593\u5ef6\u9577\uff0c\u5be6\u9ad4\u7d93\u6fdf\u4ee3\u50f9\u5347\u9ad8\u3002\u5e02\u5834\u4f30\u7b97\u6307\u51fa\uff0c\u6bcf\u5ef6\u9577\u4e00\u9031\u505c\u64fa\u53ef\u80fd\u4f7f GDP \u6e1b\u5c11\u7d04 0.1 \u500b\u767e\u5206\u9ede\uff0c\u56e0\u70ba\u806f\u90a6\u85aa\u8cc7\u3001\u63a1\u8cfc\u3001\u8a31\u53ef\u8207\u670d\u52d9\u66ab\u505c\u3002\u76f4\u63a5\u885d\u64ca\u5728\u5fa9\u5de5\u5f8c\u53ef\u9006\u8f49\uff0c\u4f46\u5ef6\u5f8c\u7684\u73fe\u91d1\u6d41\u8207\u88ab\u8feb\u5ef6\u9072\u7684\u6c7a\u7b56\u6703\u6ce2\u53ca\u627f\u5305\u5546\u3001\u8207\u806f\u90a6\u6d3b\u52d5\u76f8\u95dc\u7684\u65c5\u904a\u8207\u4f11\u9592\u7522\u696d\uff0c\u4ee5\u53ca\u4f9d\u8cf4\u5be9\u6279\u8207\u8cb8\u6b3e\u7684\u5c0f\u578b\u4f01\u696d\u3002\u5c0d\u65bc\u6b63\u9032\u5165\u8ca1\u5831\u5b63\u7684\u4f01\u696d\u800c\u8a00\uff0c\u8a02\u55ae\u72c0\u6cc1\u3001\u4ea4\u671f\u8207\u5ba2\u6236\u884c\u70ba\u7684\u5373\u6642\u8a0a\u606f\u53ef\u80fd\u6bd4\u56de\u9867\u6027\u7684\u7b2c\u4e8c\u5b63\u76c8\u9918\u66f4\u91cd\u8981\u3002\u82e5\u505c\u64fa\u62d6\u9577\uff0c\u8ca1\u6e2c\u53ef\u80fd\u504f\u5411\u4fdd\u5b88\uff0c\u4e14\u5728\u5927\u578b\u79d1\u6280\u80a1\u8207\u9632\u79a6\u6027\u80a1\u7968\u722d\u596a\u9818\u5c0e\u5730\u4f4d\u4e4b\u969b\uff0c\u5e02\u76c8\u7387\u64f4\u5f35\u4e5f\u53ef\u80fd\u53d7\u9650\u3002<\/p>\n
\u5229\u7387\u5e02\u5834\u53ad\u60e1\u6a21\u7cca\u6027\u3002\u5728 CPI \u8207\u5c31\u696d\u5831\u8868\u88ab\u64f1\u7f6e\u4e0b\uff0c\u4ea4\u6613\u54e1\u6b63\u4f9d\u8cf4\u9ad8\u983b\u66ff\u4ee3\u6307\u6a19\u2500\u2500\u5361\u7247\u6d88\u8cbb\u3001\u8077\u7f3a\u6578\u3001\u79c1\u71df\u8cc7\u6599\u63d0\u4f9b\u8005\u7684\u6642\u85aa\u6578\u64da\u2500\u2500\u4ee5\u53ca\u5e02\u5834\u96b1\u542b\u7684\u901a\u81a8\u9810\u671f\u3002\u9019\u662f\u4e00\u5e45\u6df7\u4e82\u7684\u62fc\u5716\u3002\u77ed\u7aef\u5229\u7387\u53cd\u6620\u51fa\u964d\u606f\u8def\u5f91\u653e\u7de9\uff0c\u4e26\u975e\u56e0\u901a\u81a8\u66f4\u71b1\uff0c\u800c\u662f\u56e0\u59d4\u54e1\u6703\u7f3a\u4e4f\u65b0\u6578\u64da\u6388\u6b0a\u4ee5\u679c\u65b7\u884c\u52d5\u3002\u9019\u5728\u908a\u969b\u4e0a\u652f\u6490\u7f8e\u5143\uff0c\u4e26\u4f7f\u5341\u5e74\u671f\u516c\u50b5\u7684\u671f\u9650\u6ea2\u916c\u4fdd\u6301\u9328\u5b9a\u3002Fed \u5b98\u54e1\u5df2\u8868\u660e\u5c0d\u6578\u64da\u7684\u4f9d\u8cf4\uff1b\u5728\u7f3a\u4e4f\u6578\u64da\u6642\uff0c\u4f9d\u8cf4\u6703\u8f49\u5411\u91d1\u878d\u689d\u4ef6\uff0c\u9019\u6bd4\u76f4\u63a5\u63a7\u5236\u66f4\u5bb9\u6613\u89c0\u5bdf\u537b\u96e3\u4ee5\u64cd\u63a7\u3002\u9019\u500b\u53cd\u994b\u8ff4\u8def\u2014\u2014\u7f8e\u5143\u4e0a\u5347\u3001\u9ec3\u91d1\u4e0a\u5347\u3001\u80a1\u7968\u76e4\u6574\u2014\u2014\u53ef\u80fd\u6703\u6301\u7e8c\uff0c\u76f4\u5230\u65e5\u7a0b\u6062\u5fa9\u3002<\/p>\n
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