{"id":796353,"date":"2026-06-10T10:25:34","date_gmt":"2026-06-10T02:25:34","guid":{"rendered":"https:\/\/www.alphaseek.cn\/?p=796353"},"modified":"2026-06-10T10:25:34","modified_gmt":"2026-06-10T02:25:34","slug":"%e7%be%8e%e5%9b%bdcpi%e4%bb%8a%e6%99%9a%e6%9b%b4%e6%96%b0%ef%bc%81%e9%80%9a%e8%83%80%e6%88%96%e9%87%8d%e5%9b%9e4%e4%bb%a5%e4%b8%8a%ef%bc%8c%e5%8a%a0%e6%81%af%e9%a2%84%e6%9c%9f%e6%80%a5%e5%89%a7","status":"publish","type":"post","link":"https:\/\/www.alphaseek.cn\/?p=796353","title":{"rendered":"\u7f8e\u56fdCPI\u4eca\u665a\u66f4\u65b0\uff01\u901a\u80c0\u6216\u91cd\u56de4%\u4ee5\u4e0a\uff0c\u52a0\u606f\u9884\u671f\u6025\u5267\u5347\u6e29"},"content":{"rendered":"

\u6765\u6e90\uff1a\u91d1\u5341<\/p>\n

6\u670810\u65e5\uff08\u5468\u4e09\uff0920\uff1a30\uff0c\u7f8e\u56fd\u52b3\u5de5\u7edf\u8ba1\u5c40\uff08BLS\uff09\u5c06\u516c\u5e035\u6708\u6d88\u8d39\u8005\u7269\u4ef7\u6307\u6570\uff08CPI<\/a>\uff09\u62a5\u544a\u3002\u6b64\u6b21\u6570\u636e\u8ddd\u79bb\u7f8e\u8054\u50a86\u6708\u8bae\u606f\u4f1a\u8bae\u4ec5\u4e00\u5468\uff0c\u88ab\u5e02\u573a\u89c6\u4e3a\u51b3\u5b9a\u5e74\u5185\u5229\u7387\u8def\u5f84\u7684\u91cd\u8981\u524d\u77bb\u6307\u6807\u3002<\/p>\n

\u5e02\u573a\u666e\u904d\u9884\u8ba1\uff0c\u7f8e\u56fd\u901a\u80c0\u5c06\u7ee7\u7eed\u56de\u5347\uff0c\u4f0a\u6717\u6218\u4e89\u5bfc\u81f4\u7684\u80fd\u6e90\u4ef7\u683c\u4e0a\u6da8\uff0c\u88ab\u8ba4\u4e3a\u662f\u63a8\u5347\u7269\u4ef7\u7684\u4e3b\u8981\u56e0\u7d20<\/font>\u3002<\/p>\n

\u5177\u4f53\u6765\u770b\uff0c\u5e02\u573a\u9884\u8ba15\u6708\u6574\u4f53CPI\u73af\u6bd4\u4e0a\u6da80.5%\uff0c\u4f4e\u4e8e4\u6708\u76840.6%\uff1b\u540c\u6bd4\u6da8\u5e45\u5219\u5c06\u75314\u6708\u76843.8%\u5347\u81f34.2%\u3002\u5254\u9664\u98df\u54c1\u548c\u80fd\u6e90\u4ef7\u683c\u540e\u7684\u6838\u5fc3CPI\u9884\u8ba1\u73af\u6bd4\u4e0a\u6da80.3%\uff0c\u4f4e\u4e8e4\u6708\u76840.4%\uff1b\u540c\u6bd4\u5219\u75312.8%\u5347\u81f32.9%\u3002<\/p>\n

\u5982\u679c\u6570\u636e\u7b26\u5408\u9884\u671f\uff0c\u8fd9\u5c06\u662f\u6574\u4f53CPI\u81ea2023\u5e745\u6708\u4ee5\u6765\u9996\u6b21\u518d\u5ea6\u5f55\u5f97\u201c4\u5b57\u5934\u201d\u3002<\/font><\/p>\n

\"\u7f8e\u56fdCPI\u4eca\u665a\u66f4\u65b0\uff01\u901a\u80c0\u6216\u91cd\u56de4%\u4ee5\u4e0a\uff0c\u52a0\u606f\u9884\u671f\u6025\u5267\u5347\u6e29\"<\/span><\/div>\n

\u5148\u950b\u96c6\u56e2\u9ad8\u7ea7\u7ecf\u6d4e\u5b66\u5bb6\u4e9a\u5f53\u00b7\u5e2d\u514b\u6797\uff08Adam Schickling\uff09\u8868\u793a\uff1a\u201c\u8fd9\u4efdCPI\u62a5\u544a\u603b\u4f53\u4e0a\u5c06\u5448\u73b0\u8fd9\u6837\u4e00\u4e2a\u5c40\u9762\uff1a\u6d88\u8d39\u8005\u4ef7\u683c\u4ecd\u4ee5\u9ad8\u4e8e2%\u7684\u901f\u5ea6\u4e0a\u6da8\uff0c\u4e5f\u9ad8\u4e8e\u653f\u7b56\u5236\u5b9a\u8005\u666e\u904d\u5e0c\u671b\u770b\u5230\u7684\u6c34\u5e73\u3002\u201d<\/p>\n

\u5c3d\u7ba1\u90e8\u5206\u63a8\u52a84\u6708\u6570\u636e\u8d70\u9ad8\u7684\u4f4f\u623f\u6210\u672c\u8865\u6da8\u56e0\u7d20\u6b63\u5728\u6d88\u9000\uff0c\u4f46\u5e02\u573a\u5f53\u524d\u66f4\u5173\u6ce8\u4f0a\u6717\u6218\u4e89\u5f15\u53d1\u7684\u901a\u80c0\u538b\u529b\u662f\u5426\u4f1a\u6301\u7eed\u6269\u5927\u3002<\/p>\n

\u5e2d\u514b\u6797\u8ba4\u4e3a\uff0c\u77ed\u671f\u5185\u8fd9\u79cd\u4f20\u5bfc\u6548\u5e94\u4ecd\u76f8\u5bf9\u6709\u9650\uff0c\u4f46\u5982\u679c\u6cb9\u4ef7\u672a\u67653\u81f36\u4e2a\u6708\u6301\u7eed\u7ef4\u6301\u5728100\u7f8e\u5143\/\u6876\u4ee5\u4e0a\uff0c\u90a3\u4e48\u66f4\u591a\u5546\u54c1\u548c\u670d\u52a1\u7c7b\u522b\u5c06\u5f00\u59cb\u53d7\u5230\u5f71\u54cd\u3002<\/font><\/p>\n

\u4ed6\u6307\u51fa\uff0c\u76ee\u524d\u8fd0\u8f93\u670d\u52a1\u5df2\u7ecf\u5f00\u59cb\u5438\u6536\u66f4\u9ad8\u71c3\u6599\u6210\u672c\uff0c\u672a\u6765\u4ed3\u50a8\u3001\u96f6\u552e\u4ee5\u53ca\u6279\u53d1\u884c\u4e1a\u4e5f\u53ef\u80fd\u53d7\u5230\u8fdb\u4e00\u6b65\u5f71\u54cd\u3002<\/p>\n

\u80fd\u6e90\u51b2\u51fb\u6269\u6563\u98ce\u9669\u4e0a\u5347\uff0c\u591a\u5bb6\u673a\u6784\u4e0a\u8c03\u901a\u80c0\u9884\u6d4b<\/p>\n

\u53d7\u4f0a\u6717\u6218\u4e89\u5f71\u54cd\uff0c\u56fd\u9645\u6cb9\u4ef7\u8fd1\u51e0\u4e2a\u6708\u6301\u7eed\u6500\u5347\uff0c\u80fd\u6e90\u6210\u672c\u7ee7\u7eed\u6210\u4e3a\u6574\u4f53\u901a\u80c0\u7684\u91cd\u8981\u63a8\u52a8\u529b\u91cf\u3002<\/p>\n

\u5e02\u573a\u5173\u6ce8\u7684\u6838\u5fc3\u95ee\u9898\u5728\u4e8e\uff0c\u80fd\u6e90\u4ef7\u683c\u4e0a\u6da8\u662f\u5426\u4ec5\u5c40\u9650\u4e8e\u6c7d\u6cb9\u3001\u8fd0\u8f93\u7b49\u76f4\u63a5\u76f8\u5173\u9886\u57df\uff0c\u8fd8\u662f\u4f1a\u9010\u6b65\u6269\u6563\u81f3\u66f4\u5e7f\u6cdb\u7684\u7ecf\u6d4e\u9886\u57df\u3002<\/font><\/p>\n

\u5fb7\u610f\u5fd7\u94f6\u884c\u9884\u8ba1\uff0c5\u6708\u6c7d\u6cb9\u4ef7\u683c\u540c\u6bd4\u4e0a\u6da86.8%\uff0c\u5c06\u8fdb\u4e00\u6b65\u63a8\u9ad8\u6574\u4f53\u901a\u80c0\u6c34\u5e73\u3002\u8be5\u884c\u9884\u8ba1\uff0c5\u6708\u6574\u4f53CPI\u73af\u6bd4\u4e0a\u6da80.51%\uff0c\u540c\u6bd4\u4e0a\u6da84.29%\uff1b\u6838\u5fc3CPI\u73af\u6bd4\u4e0a\u6da80.22%\uff0c\u540c\u6bd4\u4e0a\u6da82.87%\u3002<\/p>\n

\u7f8e\u56fd\u94f6\u884c\u5219\u9884\u8ba1\uff0c\u80fd\u6e90\u4ef7\u683c\u4e0a\u6da8\u5c06\u63a8\u52a8\u6574\u4f53CPI\u73af\u6bd4\u589e\u957f0.46%\uff0c\u540c\u6bd4\u5347\u81f34.2%\uff0c\u521b2023\u5e744\u6708\u4ee5\u6765\u6700\u9ad8\u6c34\u5e73\u3002<\/p>\n

\u4e0e\u6b64\u540c\u65f6\uff0c\u7f8e\u56fd\u94f6\u884c\u8ba4\u4e3a\u6838\u5fc3\u901a\u80c0\u538b\u529b\u6709\u6240\u7f13\u548c\u3002<\/font>\u8be5\u884c\u9884\u8ba1\u6838\u5fc3CPI\u73af\u6bd4\u4e0a\u6da80.2%\uff0c\u539f\u56e0\u5305\u62ec\u6838\u5fc3\u5546\u54c1\u901a\u80c0\u4fdd\u6301\u6e29\u548c\u30014\u6708\u4f4f\u623f\u79df\u91d1\u8c03\u6574\u6548\u5e94\u9010\u6b65\u6d88\u9000\uff0c\u4ee5\u53ca\u5254\u9664\u79df\u91d1\u540e\u7684\u6838\u5fc3\u670d\u52a1\u4ef7\u683c\u8d70\u5f31\uff1b\u6838\u5fc3CPI\u540c\u6bd4\u9884\u8ba1\u4e0a\u6da82.8%\u3002<\/p>\n

\u52a0\u62ff\u5927\u7687\u5bb6\u94f6\u884c\u65d7\u4e0bRBC Economics\u4e5f\u9884\u8ba1\uff0c\u7f8e\u56fd\u901a\u80c0\u6b63\u5728\u5411\u8fd1\u4e09\u5e74\u6765\u6700\u9ad8\u6c34\u5e73\u9760\u8fd1\uff0c\u201c\u8fd9\u4e0d\u4f1a\u662f\u4e00\u4efd\u4ee4\u4eba\u5b89\u5fc3\u7684\u62a5\u544a\u3002\u201d<\/font>\u8be5\u673a\u6784\u9884\u8ba1\uff0c5\u6708\u6574\u4f53CPI\u73af\u6bd4\u4e0a\u6da80.5%\uff0c\u63a8\u52a8\u540c\u6bd4\u589e\u901f\u5347\u81f34.2%\u3002<\/p>\n

RBC\u5206\u6790\u5e08\u5728\u62a5\u544a\u4e2d\u5199\u9053\uff1a\u201c\u66f4\u9ad8\u7684\u80fd\u6e90\u4ef7\u683c\u6301\u7eed\u63a8\u5347\u6574\u4f53\u901a\u80c0\uff0c\u800c\u98df\u54c1\u4ef7\u683c\u65b9\u9762\u4e5f\u770b\u4e0d\u5230\u660e\u663e\u7f13\u89e3\u8ff9\u8c61\uff0c\u5c24\u5176\u662f\u5728\u8fd1\u671f\u725b\u8089\u4ef7\u683c\u76f8\u5173\u65b0\u95fb\u51fa\u73b0\u4e4b\u540e\u3002\u201d<\/p>\n

\u5bf9\u4e8e\u6838\u5fc3\u901a\u80c0\uff0cRBC\u9884\u8ba15\u6708\u6838\u5fc3CPI\u73af\u6bd4\u4e0a\u6da80.3%\uff0c\u540c\u6bd4\u5347\u81f32.9%\uff0c\u7ee7\u7eed\u660e\u663e\u9ad8\u4e8e\u7f8e\u8054\u50a82%\u7684\u76ee\u6807\u6c34\u5e73\u3002<\/p>\n

RBC\u8ba4\u4e3a\uff0c\u822a\u7a7a\u71c3\u6cb9\u4ef7\u683c\u4e0a\u6da8\u6b63\u5728\u63a8\u9ad8\u6838\u5fc3\u670d\u52a1\u901a\u80c0\uff0c\u800c\u52b3\u52a8\u529b\u5e02\u573a\u6301\u7eed\u7d27\u5f20\u5219\u652f\u6491\u5de5\u8d44\u589e\u957f\uff0c\u4ece\u800c\u9650\u5236\u670d\u52a1\u4e1a\u901a\u80c0\u964d\u6e29\u7a7a\u95f4\u3002<\/font><\/p>\n

\u8be5\u673a\u6784\u8868\u793a\uff0c\u8fd1\u51e0\u4e2a\u6708\u6765\uff0c\u65b0\u8f66\u548c\u4e8c\u624b\u8f66\u4ef7\u683c\u8868\u73b0\u75b2\u5f31\u6216\u6e29\u548c\uff0c\u5e2e\u52a9\u538b\u4f4e\u4e86\u6838\u5fc3\u5546\u54c1\u901a\u80c0\uff0c\u4ece\u800c\u63a9\u76d6\u4e86\u670d\u88c5\u3001\u4e2a\u4eba\u62a4\u7406\u7528\u54c1\u3001\u673a\u52a8\u8f66\u96f6\u90e8\u4ef6\u7b49\u8d38\u6613\u654f\u611f\u5546\u54c1\u6b63\u5728\u51fa\u73b0\u7684\u6da8\u4ef7\u538b\u529b\u3002RBC\u8fd8\u6307\u51fa\uff0c\u8fd1\u671fISM\u5236\u9020\u4e1a\u548c\u670d\u52a1\u4e1a\u8c03\u67e5\u663e\u793a\uff0c\u4f01\u4e1a\u8d8a\u6765\u8d8a\u613f\u610f\u5c06\u6210\u672c\u4e0a\u6da8\u8f6c\u5ac1\u7ed9\u6d88\u8d39\u8005\u3002<\/p>\n

\u5c31\u4e1a\u5e02\u573a\u7a33\u5065\uff0c\u7f8e\u8054\u50a8\u4e0d\u4f1a6\u6708\u5c31\u52a0\u606f<\/p>\n

\u867d\u7136\u901a\u80c0\u9ad8\u4e8e\u76ee\u6807\u6c34\u5e73\uff0c\u4f46\u591a\u6570\u7ecf\u6d4e\u5b66\u5bb6\u8ba4\u4e3a\uff0c5\u6708CPI\u62a5\u544a\u5c06\u4e0d\u8db3\u4ee5\u4fc3\u4f7f\u7f8e\u8054\u50a8\u57286\u6708\u4f1a\u8bae\u4e0a\u8c03\u6574\u5229\u7387<\/font>\u3002\u652f\u6491\u8fd9\u4e00\u5224\u65ad\u7684\u91cd\u8981\u539f\u56e0\u5728\u4e8e\uff0c\u7f8e\u56fd\u52b3\u52a8\u529b\u5e02\u573a\u4f9d\u7136\u4fdd\u6301\u97e7\u6027\u3002<\/p>\n

\u5c3d\u7ba1\u5982\u6b64\uff0c\u503a\u5238\u5e02\u573a\u5bf9\u672a\u6765\u653f\u7b56\u8def\u5f84\u7684\u5224\u65ad\u6b63\u5728\u53d1\u751f\u53d8\u5316\u30025\u6708\u975e\u519c\u5c31\u4e1a\u6570\u636e\u5927\u5e45\u5f3a\u4e8e\u9884\u671f\u540e\uff0c\u8d8a\u6765\u8d8a\u591a\u6295\u8d44\u8005\u5f00\u59cb\u62bc\u6ce8\u7f8e\u8054\u50a8\u5c06\u5728\u4eca\u5e74\u665a\u4e9b\u65f6\u5019\u52a0\u606f\u3002\u6839\u636eCME FedWatch\u5de5\u5177\uff0c\u76ee\u524d\u5e02\u573a\u9884\u8ba12026\u5e74\u81f3\u5c11\u52a0\u606f\u4e00\u6b21\u7684\u6982\u7387\u5df2\u8d85\u8fc770%\u3002<\/font><\/p>\n

\u5fb7\u610f\u5fd7\u94f6\u884c\u8868\u793a\uff0c\u968f\u7740\u901a\u80c0\u98ce\u9669\u4e0a\u5347\u3001\u52b3\u52a8\u529b\u5e02\u573a\u98ce\u9669\u4e0b\u964d\uff0c\u7f8e\u8054\u50a8\u653f\u7b56\u53ef\u80fd\u5df2\u7ecf\u5bf9\u5c31\u4e1a\u5e02\u573a\u4e0b\u884c\u98ce\u9669\u63d0\u4f9b\u4e86\u8fc7\u5ea6\u4fdd\u9669\u3002\u672a\u6765\u52a0\u606f\u524d\u666f\u6216\u5e94\u88ab\u89c6\u4e3a\u5bf9\u8fd9\u79cd\u4fdd\u9669\u7684\u8c28\u614e\u56de\u64a4\uff0c\u56e0\u4e3a\u98ce\u9669\u5929\u5e73\u6b63\u9010\u6e10\u5411\u901a\u80c0\u503e\u659c\u3002<\/font><\/p>\n

\u6d88\u8d39\u8005\u4f3c\u4e4e\u5df2\u7ecf\u8ba4\u540c\u8fd9\u4e00\u89c2\u70b9\u3002\u4f46\u7f8e\u56fd\u603b\u7edf\u7279\u6717\u666e\u4e0a\u5468\u65e5\u518d\u5ea6\u516c\u5f00\u547c\u5401\u964d\u4f4e\u5229\u7387\uff0c\u5176\u7acb\u573a\u4e0e\u5f53\u524d\u7ecf\u6d4e\u57fa\u672c\u9762\u5f62\u6210\u9c9c\u660e\u5f20\u529b\u3002PGIM\u9996\u5e2d\u6295\u8d44\u7b56\u7565\u5e08\u7f57\u4f2f\u7279\u00b7\u8482\u666e\uff08Robert Tipp\uff09\u6307\u51fa\uff0c\u7f8e\u56fd\u7ecf\u6d4e\u5b9e\u9645\u80fd\u591f\u627f\u53d7\u66f4\u9ad8\u7684\u8054\u90a6\u57fa\u91d1\u5229\u7387\uff0c\u6b64\u524d\u201c\u901a\u80c0\u6682\u65f6\u8bba\u201d\u7684\u9884\u671f\u5df2\u88ab\u8bc1\u4f2a\u3002<\/font><\/p>\n

\u4f5c\u4e3a\u65b0\u4efb\u7f8e\u8054\u50a8\u4e3b\u5e2d\uff0c\u51ef\u6587\u00b7\u6c83\u4ec0\u5c06\u4e8e\u4e0b\u5468\u4e3b\u6301\u5176\u9996\u6b21\u8054\u90a6\u516c\u5f00\u5e02\u573a\u59d4\u5458\u4f1a\uff08FOMC\uff09\u4f1a\u8bae\u3002\u8482\u666e\u8ba4\u4e3a\uff0c\u6c83\u4ec0\u672a\u5fc5\u7acb\u5373\u52a0\u606f\uff0c\u4f46\u9700\u5f00\u59cb\u91ca\u653e\u653f\u7b56\u8f6c\u5411\u4fe1\u53f7\uff0c\u201c\u5e02\u573a\u4e0d\u4f1a\u53cd\u5bf9\u7f13\u6162\u3001\u8c28\u614e\u5730\u63a8\u8fdb\u52a0\u606f\u4ee5\u786e\u4fdd\u4ef7\u683c\u7a33\u5b9a\u3002\u201d<\/font><\/p>\n

\u8d23\u4efb\u7f16\u8f91\uff1a\u51cc\u8fb0 <\/p>\n","protected":false},"excerpt":{"rendered":"

\u6765\u6e90\uff1a\u91d1\u5341 6\u670810\u65e5\uff08\u5468\u4e09\uff0920\uff1a30\uff0c\u7f8e\u56fd\u52b3\u5de5\u7edf\u8ba1\u5c40\uff08BLS\uff09\u5c06\u516c\u5e035\u6708\u6d88\u8d39\u8005\u7269\u4ef7\u6307\u6570\uff08CPI\uff09\u62a5\u544a\u3002\u6b64\u6b21 […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[382],"views":4,"_links":{"self":[{"href":"https:\/\/www.alphaseek.cn\/index.php?rest_route=\/wp\/v2\/posts\/796353"}],"collection":[{"href":"https:\/\/www.alphaseek.cn\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.alphaseek.cn\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.alphaseek.cn\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.alphaseek.cn\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=796353"}],"version-history":[{"count":0,"href":"https:\/\/www.alphaseek.cn\/index.php?rest_route=\/wp\/v2\/posts\/796353\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.alphaseek.cn\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=796353"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.alphaseek.cn\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=796353"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.alphaseek.cn\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=796353"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}