{"id":13819,"date":"2025-04-23T15:55:57","date_gmt":"2025-04-23T07:55:57","guid":{"rendered":"https:\/\/blog.roboadvisor.com.tw\/?p=13819"},"modified":"2025-04-23T15:58:27","modified_gmt":"2025-04-23T07:58:27","slug":"%e5%b7%9d%e6%99%ae%e7%8c%9b%e8%bd%9f-fed-%e4%b8%bb%e5%b8%ad%e9%ae%91%e7%88%be%ef%bc%81%e6%8f%ad%e7%a7%98%e7%be%8e%e5%9c%8b%e8%81%af%e6%ba%96%e6%9c%83%e7%8d%a8%e7%ab%8b%e6%80%a7%e5%a6%82%e4%bd%95","status":"publish","type":"post","link":"https:\/\/blog.roboadvisor.com.tw\/?p=13819","title":{"rendered":"\u5ddd\u666e\u731b\u8f5f Fed \u4e3b\u5e2d\u9b91\u723e\uff01\u63ed\u79d8\u7f8e\u570b\u806f\u6e96\u6703\u7368\u7acb\u6027\u5982\u4f55\u5236\u8861\u5168\u7403\u91d1\u878d\u5e02\u5834"},"content":{"rendered":"\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"883\" height=\"571\" src=\"https:\/\/blog.roboadvisor.com.tw\/wp-content\/uploads\/2025\/04\/image-17.png\" alt=\"\" class=\"wp-image-13876\" srcset=\"https:\/\/blog.roboadvisor.com.tw\/wp-content\/uploads\/2025\/04\/image-17.png 883w, https:\/\/blog.roboadvisor.com.tw\/wp-content\/uploads\/2025\/04\/image-17-300x194.png 300w, https:\/\/blog.roboadvisor.com.tw\/wp-content\/uploads\/2025\/04\/image-17-768x497.png 768w\" sizes=\"auto, (max-width: 883px) 100vw, 883px\" \/><\/figure>\n\n\n\n<p>2025\u5e744\u6708\uff0c\u7f8e\u570b\u7e3d\u7d71\u5ddd\u666e\u518d\u6b21\u5c07\u77db\u982d\u6307\u5411\u806f\u6e96\u6703\u4e3b\u5e2d\u5091\u7f85\u59c6\u00b7\u9b91\u723e\uff08Jerome Powell\uff09\u3002\u4ed6\u57284\u670821\u65e5\u7684\u793e\u7fa4\u5a92\u9ad4\u300cTruth Social\u300d\u4e0a\u75db\u65a5\u9b91\u723e\u70ba\u300c\u5927\u9b6f\u86c7\u300d\uff08A major loser\uff09\uff0c\u8981\u6c42\u7acb\u5373\u964d\u606f\uff0c\u4e26\u5a01\u8105\u82e5\u4e0d\u9075\u5f9e\u4fbf\u5c07\u5176\u89e3\u96c7\uff0c\u7a31\u300c\u9b91\u723e\u7684\u7d42\u6b62\uff08termination\uff09\u4e0d\u80fd\u518d\u5feb\u4e86\uff01\u300d\u6b64\u8a00\u4e00\u51fa\uff0c\u7f8e\u80a1\u61c9\u8072\u4e0b\u8dcc\uff0c\u7f8e\u5143\u514c\u5176\u4ed6\u8ca8\u5e63\u532f\u7387\u6ed1\u843d\u81f3\u4e09\u5e74\u4f4e\u9ede\uff0c\u5168\u7403\u91d1\u878d\u5e02\u5834\u4e00\u7247\u9707\u76ea\u3002\u7136\u800c\uff0c\u50c5\u9694\u4e00\u5929\uff0c4\u670822\u65e5\uff0c\u5ddd\u666e\u5728\u767d\u5bae\u6a62\u5713\u5f62\u8fa6\u516c\u5ba4\u6539\u53e3\uff0c\u8072\u7a31\u7121\u610f\u958b\u9664\u9b91\u723e\uff0c\u50c5\u5e0c\u671b\u806f\u6e96\u6703\u5728\u964d\u606f\u4e0a\u300c\u65e9\u4e00\u9ede\u6216\u6e96\u6642\u300d\uff0c\u4e26\u5f37\u8abf\u7f8e\u570b\u8207\u4e2d\u570b\u7b49\u570b\u7684\u8cbf\u6613\u95dc\u4fc2\u826f\u597d\u3002\u9019\u7a2e\u53cd\u8986\u7121\u5e38\u7684\u8a00\u8ad6\u4e0d\u50c5\u8b93\u6295\u8cc7\u8005\u96f2\u88e1\u9727\u88e1\uff0c\u4e5f\u8b93\u5168\u7403\u5e02\u5834\u5c0d\u806f\u6e96\u6703\u7684\u7368\u7acb\u6027\u7522\u751f\u64d4\u6182\u3002\u5ddd\u666e\u7684\u53cd\u590d\u653b\u64ca\u7a76\u7adf\u610f\u5473\u8457\u4ec0\u9ebc\uff1f\u70ba\u4f55\u806f\u6e96\u6703\u7684\u7368\u7acb\u6027\u5982\u6b64\u91cd\u8981\uff0c\u4e0d\u61c9\u53d7\u7e3d\u7d71\u63a7\u5236\uff1f\u9019\u4e00\u5207\uff0c\u90fd\u6307\u5411\u4e86\u806f\u6e96\u6703\u4f5c\u70ba\u5168\u7403\u91d1\u878d\u6838\u5fc3\u7684\u7368\u7279\u89d2\u8272\u3002<\/p>\n\n\n\n<figure class=\"wp-block-image aligncenter size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"601\" height=\"461\" src=\"https:\/\/blog.roboadvisor.com.tw\/wp-content\/uploads\/2025\/04\/image-16.png\" alt=\"\" class=\"wp-image-13875\" srcset=\"https:\/\/blog.roboadvisor.com.tw\/wp-content\/uploads\/2025\/04\/image-16.png 601w, https:\/\/blog.roboadvisor.com.tw\/wp-content\/uploads\/2025\/04\/image-16-300x230.png 300w\" sizes=\"auto, (max-width: 601px) 100vw, 601px\" \/><figcaption class=\"wp-element-caption\">\u5716\u7247\u4f86\u6e90\uff1aTruth Social\u3002<\/figcaption><\/figure>\n\n\n\n<p>\u7f8e\u570b\u806f\u6e96\u6703\uff08Federal Reserve System\uff0c\u7c21\u7a31\u806f\u6e96\u6703\uff0cFed\uff09\u7121\u7591\u662f\u5168\u7403\u91d1\u878d\u5e02\u5834\u6700\u5177\u5f71\u97ff\u529b\u7684\u6a5f\u69cb\u4e4b\u4e00\u3002\u5b83\u7684\u6bcf\u4e00\u500b\u6c7a\u7b56\u90fd\u80fd\u5728\u5168\u7403\u7d93\u6fdf\u4e2d\u6380\u8d77\u6ce2\u703e\uff0c\u5f71\u97ff\u5f9e\u80a1\u5e02\u5230\u5c31\u696d\u7387\u7684\u5404\u500b\u9762\u5411\u3002\u653f\u7b56\u5931\u8aa4\u53ef\u80fd\u5f15\u767c\u7d93\u6fdf\u5371\u6a5f\uff0c\u4f8b\u598220\u4e16\u7d00\u7684\u5927\u856d\u689d\uff1b\u800c\u7cbe\u6e96\u7684\u5e72\u9810\u5247\u63a8\u52d5\u4e86\u9577\u671f\u7684\u5e02\u5834\u7e41\u69ae\uff0c\u4f8b\u5982\u904e\u53bb\u5341\u591a\u5e74\u7f8e\u570b\u80a1\u5e02\u7684\u5927\u725b\u5e02\u3002\u7136\u800c\uff0c\u76e3\u7ba1\u4e0d\u56b4\u4e5f\u66fe\u591a\u6b21\u5f15\u767c\u91d1\u878d\u6d77\u562f\u3002\u806f\u6e96\u6703\u7684 12 \u4eba\u6c7a\u7b56\u5c0f\u7d44\uff0c\u50c5\u50c5\u901a\u904e\u958b\u6703\u8207\u8a0e\u8ad6\uff0c\u5c31\u80fd\u5de6\u53f3\u5168\u7403\u7d93\u6fdf\u7684\u8d70\u5411\u3002\u66f4\u4ee4\u4eba\u9a5a\u8a1d\u7684\u662f\uff0c\u9019\u500b\u5982\u6b64\u91cd\u8981\u7684\u6a5f\u69cb\u7adf\u7136\u9084\u6709\u80a1\u6771\uff0c\u4e26\u6bcf\u5e74\u5411\u5176\u5206\u7d05\u3002<\/p>\n\n\n\n<p>\u672c\u6587\u5c07\u6df1\u5165\u63a2\u8a0e\u806f\u6e96\u6703\u7684\u67b6\u69cb\u3001\u904b\u4f5c\u6a5f\u5236\u3001\u8ca8\u5e63\u653f\u7b56\u5236\u5b9a\u4e2d\u7684\u6b0a\u8861\u53d6\u6368\uff0c\u4ee5\u53ca\u5c0d\u5176\u89d2\u8272\u7684\u4e00\u4e9b\u53cd\u601d\u3002\u5e0c\u671b\u901a\u904e\u9019\u7bc7\u6587\u7ae0\uff0c\u4e0d\u50c5\u4ecb\u7d39\u806f\u6e96\u6703\u7684\u904b\u4f5c\uff0c\u9084\u5e36\u9818\u5927\u5bb6\u4e86\u89e3\u9019\u500b\u6a5f\u69cb\u7684\u6838\u5fc3\u908f\u8f2f\u53ca\u5176\u5c0d\u5168\u7403\u7d93\u6fdf\u7684\u6df1\u9060\u5f71\u97ff\u3002<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">\u806f\u6e96\u6703\u7684\u6b77\u53f2\u6cbf\u9769<\/h2>\n\n\n\n<p>\u806f\u6e96\u6703\u5168\u7a31\u70ba\u300c\u806f\u90a6\u5132\u5099\u7cfb\u7d71\u300d\uff08Federal Reserve System\uff09\uff0c\u662f\u7f8e\u570b\u7684\u4e2d\u592e\u9280\u884c\uff0c\u8ca0\u8cac\u5236\u5b9a\u8ca8\u5e63\u653f\u7b56\uff0c\u5305\u62ec\u63a7\u5236\u8ca8\u5e63\u4f9b\u61c9\u91cf\u8207\u77ed\u671f\u5229\u7387\u3002\u6bcf\u4e00\u5f35\u7f8e\u5143\u7d19\u5e63\u4e0a\u90fd\u5370\u6709\u300cFederal Reserve Note\u300d\uff0c\u986f\u793a\u5176\u4f5c\u70ba\u7f8e\u570b\u8ca8\u5e63\u767c\u884c\u6a5f\u69cb\u7684\u5730\u4f4d\u3002\u7136\u800c\uff0c\u4e2d\u592e\u9280\u884c\u7684\u6982\u5ff5\u5728\u7f8e\u570b\u6b77\u53f2\u4e0a\u4e26\u975e\u81ea\u59cb\u5c31\u6709\u3002<\/p>\n\n\n\n<p>\u5728\u7f8e\u570b\u5efa\u570b\u7684250\u5e74\u9593\uff081776\u5e74\u81f3\u4eca\uff09\uff0c\u8d85\u904e\u4e00\u534a\u7684\u6642\u9593\u88e1\uff0c\u7f8e\u570b\u4e26\u6c92\u6709\u4e2d\u592e\u9280\u884c\u3002\u9019\u6e90\u65bc\u7f8e\u570b\u4eba\u5c0d\u4e2d\u592e\u96c6\u6b0a\u7684\u6df1\u523b\u4e0d\u4fe1\u4efb\u3002\u4ed6\u5011\u4e0d\u9858\u8b93\u806f\u90a6\u653f\u5e9c\u638c\u63a7\u8ca8\u5e63\u767c\u884c\uff0c\u751a\u81f3\u9023\u5370\u9214\u9019\u6a23\u7684\u6838\u5fc3\u8077\u80fd\u4e5f\u4e0d\u5e0c\u671b\u4ea4\u7d66\u4e2d\u592e\u6a5f\u69cb\u3002\u572819\u4e16\u7d00\uff0c\u7f8e\u570b\u66fe\u5169\u5ea6\u56e0\u6230\u722d\u8cc7\u91d1\u77ed\u7f3a\u800c\u8a2d\u7acb\u81e8\u6642\u4e2d\u592e\u9280\u884c \u2013 \u7f8e\u570b\u7b2c\u4e00\u9280\u884c\u8207\u7f8e\u570b\u7b2c\u4e8c\u9280\u884c\uff0c\u4f46\u9019\u5169\u500b\u6a5f\u69cb\u5728\u6210\u7acb20\u5e74\u5f8c\u5747\u88ab\u95dc\u9589\u3002<\/p>\n\n\n\n<p>\u5728\u6c92\u6709\u4e2d\u592e\u9280\u884c\u7684\u5e74\u4ee3\uff0c\u8ca8\u5e63\u767c\u884c\u5e7e\u4e4e\u662f\u300c\u8ab0\u90fd\u53ef\u4ee5\u5370\u300d\u3002\u7576\u6642\uff0c\u8a31\u591a\u79c1\u4eba\u9280\u884c\u80fd\u767c\u884c\u81ea\u5df1\u7684\u7968\u64da\uff0c\u9019\u4e9b\u7968\u64da\u5728\u67d0\u7a2e\u7a0b\u5ea6\u4e0a\u7b49\u540c\u65bc\u8ca8\u5e63\u3002\u7f8e\u570b\u7576\u6642\u5949\u884c\u81ea\u7531\u7af6\u722d\u7684\u7406\u5ff5\uff0c\u8ca8\u5e63\u5e02\u5834\u4e5f\u6975\u5176\u81ea\u7531\u3002\u7136\u800c\uff0c\u9019\u4e9b\u7968\u64da\u5fc5\u9808\u4ee5\u9ec3\u91d1\u3001\u767d\u9280\u6216\u7f8e\u570b\u516c\u50b5\u7b49\u62b5\u62bc\u7269\u4f5c\u70ba\u652f\u6490\uff0c\u5426\u5247\u7121\u6cd5\u6d41\u901a\u3002<\/p>\n\n\n\n<p>\u9019\u7a2e\u81ea\u7531\u7af6\u722d\u7684\u8ca8\u5e63\u9ad4\u7cfb\u572819\u4e16\u7d00\u672b\u9010\u6f38\u66b4\u9732\u554f\u984c\u3002\u9280\u884c\u7cfb\u7d71\u591a\u6b21\u767c\u751f\u5371\u6a5f\uff0c\u7279\u5225\u662f1907\u5e74\u7684\u91d1\u878d\u6050\u614c\uff0c\u7576\u6642\u6c11\u773e\u807d\u5230\u98a8\u5439\u8349\u52d5\u4fbf\u8702\u64c1\u81f3\u9280\u884c\u64e0\u514c\uff0c\u5c0e\u81f4\u5e02\u5834\u5d29\u6f70\u3002\u6700\u7d42\uff0c\u7f8e\u570b\u653f\u5e9c\u4e0d\u5f97\u4e0d\u8acb\u51fa\u79c1\u4eba\u9280\u884c\u5bb6 J.P. \u6469\u6839\uff0c\u6191\u85c9\u5176\u500b\u4eba\u5a01\u671b\u8207\u8cc7\u91d1\u624d\u7a69\u5b9a\u5e02\u5834\u3002\u9019\u5834\u5371\u6a5f\u8b93\u7f8e\u570b\u610f\u8b58\u5230\uff0c\u81ea\u7531\u7af6\u722d\u7684\u8ca8\u5e63\u9ad4\u7cfb\u96e3\u4ee5\u61c9\u5c0d\u7cfb\u7d71\u6027\u98a8\u96aa\uff0c\u4e2d\u592e\u9280\u884c\u7684\u5fc5\u8981\u6027\u986f\u800c\u6613\u898b\u3002<\/p>\n\n\n\n<p>\u65bc\u662f\uff0c\u806f\u90a6\u653f\u5e9c\u958b\u59cb\u8d77\u8349\u300a\u806f\u6e96\u6703\u6cd5\u6848\u300b\uff0c\u4e26\u65bc1913\u5e74\u6b63\u5f0f\u6210\u7acb\u806f\u6e96\u6703\u3002\u806f\u6e96\u6703\u7684\u5236\u5ea6\u8a2d\u8a08\u6975\u70ba\u7cbe\u5999\uff0c\u5e73\u8861\u4e86\u653f\u5e9c\u8207\u79c1\u4eba\u9280\u884c\u4e4b\u9593\u7684\u535a\u5f08\uff0c\u89e3\u6c7a\u4e86\u6c11\u773e\u5c0d\u4e2d\u592e\u96c6\u6b0a\u7684\u64d4\u6182\uff0c\u540c\u6642\u78ba\u4fdd\u653f\u5e9c\u5728\u8ca8\u5e63\u653f\u7b56\u4e2d\u7684\u53c3\u8207\u3002<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">\u806f\u6e96\u6703\u7684\u7d44\u7e54\u67b6\u69cb\u8207\u7368\u7acb\u6027<\/h2>\n\n\n\n<p>\u806f\u6e96\u6703\u4e26\u975e\u55ae\u4e00\u9280\u884c\uff0c\u800c\u662f\u753112\u500b\u5730\u5340\u5132\u5099\u9280\u884c\u7d44\u6210\u7684\u300c\u806f\u90a6\u5132\u5099\u7cfb\u7d71\u300d\u3002\u6bcf\u500b\u5730\u5340\u5132\u5099\u9280\u884c\u8ca0\u8cac\u7ba1\u7406\u5176\u8f44\u5340\u5167\u7684\u5546\u696d\u9280\u884c\uff0c\u4e26\u7531\u7576\u5730\u6578\u5343\u5bb6\u6210\u54e1\u9280\u884c\u63a7\u80a1\u3002\u9019\u610f\u5473\u8457\u806f\u6e96\u6703\u5728\u6cd5\u5f8b\u4e0a\u662f\u4e00\u5bb6\u7531\u79c1\u4eba\u9280\u884c\u63a7\u80a1\u7684\u6a5f\u69cb\uff0c\u4f46\u5176\u904b\u4f5c\u4e26\u975e\u5b8c\u5168\u7531\u80a1\u6771\u4e3b\u5c0e\u3002<\/p>\n\n\n\n<p>\u96d6\u7136\u5730\u5340\u5132\u5099\u9280\u884c\u5728\u884c\u653f\u4e8b\u52d9\u4e0a\u64c1\u6709\u4e00\u5b9a\u81ea\u4e3b\u6b0a\uff0c\u4f46\u95dc\u9375\u8ca8\u5e63\u653f\u7b56\uff08\u5982\u5229\u7387\u8abf\u6574\u6216\u8ca8\u5e63\u767c\u884c\uff09\u7531\u4e2d\u592e\u7684\u300c\u806f\u90a6\u516c\u958b\u5e02\u5834\u59d4\u54e1\u6703\u300d\uff08 FOMC \uff09\u7d71\u4e00\u6c7a\u7b56\u3002FOMC \u753112\u540d\u6210\u54e1\u7d44\u6210\uff0c\u88ab\u7a31\u70ba\u300c12\u7f85\u6f22\u300d\uff0c\u662f\u806f\u6e96\u6703\u6c7a\u7b56\u7684\u6838\u5fc3\u3002\u901912\u4eba\u5305\u62ec7\u540d\u57f7\u884c\u59d4\u54e1\uff08Board of Governors\uff0c\u5176\u4e2d\u5305\u62ec\u806f\u6e96\u6703\u4e3b\u5e2d\uff0c\u73fe\u4efb\u70ba\u9b91\u723e\uff09\u4ee5\u53ca5\u540d\u5730\u5340\u5132\u5099\u9280\u884c\u4e3b\u5e2d\u3002\u57f7\u884c\u59d4\u54e1\u7531\u7e3d\u7d71\u4efb\u547d\uff0c\u53c3\u8b70\u9662\u6279\u51c6\uff0c\u4efb\u671f\u9577\u905414\u5e74\uff08\u4e3b\u5e2d\u70ba4\u5e74\uff0c\u53ef\u9023\u4efb\uff09\uff1b\u800c5\u540d\u5730\u5340\u5132\u5099\u9280\u884c\u4e3b\u5e2d\u4e2d\uff0c\u7d10\u7d04\u806f\u6e96\u6703\u4e3b\u5e2d\u9577\u671f\u5360\u64da\u4e00\u5e2d\uff0c\u5176\u99184\u5e2d\u7531\u5176\u4ed611\u500b\u5730\u5340\u5132\u5099\u9280\u884c\u8f2a\u503c\u64d4\u4efb\u3002<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"683\" src=\"https:\/\/blog.roboadvisor.com.tw\/wp-content\/uploads\/2025\/04\/image-18-1024x683.png\" alt=\"\" class=\"wp-image-13877\" srcset=\"https:\/\/blog.roboadvisor.com.tw\/wp-content\/uploads\/2025\/04\/image-18-1024x683.png 1024w, https:\/\/blog.roboadvisor.com.tw\/wp-content\/uploads\/2025\/04\/image-18-300x200.png 300w, https:\/\/blog.roboadvisor.com.tw\/wp-content\/uploads\/2025\/04\/image-18-768x512.png 768w, https:\/\/blog.roboadvisor.com.tw\/wp-content\/uploads\/2025\/04\/image-18-1536x1024.png 1536w, https:\/\/blog.roboadvisor.com.tw\/wp-content\/uploads\/2025\/04\/image-18-2048x1365.png 2048w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">\u5716\u7247\u4f86\u6e90\uff1aWikipedia\u3002<\/figcaption><\/figure>\n\n\n\n<p>FOMC \u6bcf\u5e74\u53ec\u958b8\u6b21\u6703\u8b70\uff08\u7d04\u6bcf1-2\u500b\u6708\u4e00\u6b21\uff09\uff0c\u8a0e\u8ad6\u8ca8\u5e63\u653f\u7b56\uff0c\u5982\u662f\u5426\u5347\u964d\u606f\u3001\u5347\u964d\u606f\u5e45\u5ea6\u7b49\u3002\u6703\u8b70\u7d50\u675f\u5f8c\uff0c\u6703\u767c\u5e03\u4e00\u4efd\u6703\u8b70\u8072\u660e\uff0c\u9019\u662f\u5168\u7403\u91d1\u878d\u5e02\u5834\u7684\u7126\u9ede\u3002FOMC \u6210\u54e1\u7684\u7acb\u5834\u901a\u5e38\u5206\u70ba\u300c\u9d3f\u6d3e\u300d\uff08\u4e3b\u5f35\u5bec\u9b06\u653f\u7b56\uff0c\u5982\u964d\u606f\u6216\u5370\u9214\uff09\u548c\u300c\u9df9\u6d3e\u300d\uff08\u4e3b\u5f35\u7dca\u7e2e\u653f\u7b56\uff0c\u5982\u5347\u606f\uff09\u3002\u4f8b\u5982\uff0c\u524d\u4e3b\u5e2d\u4f2f\u5357\u514b\u8207\u8036\u502b\u504f\u9d3f\u6d3e\uff0c\u800c\u73fe\u4efb\u4e3b\u5e2d\u9b91\u5a01\u723e\u76f8\u5c0d\u4e2d\u7acb\u3002\u9019\u4e9b\u6210\u54e1\u7684\u7acb\u5834\u5c0d\u5e02\u5834\u9810\u671f\u5f71\u97ff\u6975\u5927\uff0c\u751a\u81f3\u67d0\u4f4d\u9d3f\u6d3e\u6210\u54e1\u4e0a\u4efb\uff08\u5982 2016 \u5e74\u7684 Kashkari \uff09\u5c31\u80fd\u76f4\u63a5\u63a8\u9ad8\u80a1\u5e02\u3002<\/p>\n\n\n\n<p>\u806f\u6e96\u6703\u7684\u67b6\u69cb\u9ad4\u73fe\u4e86\u653f\u5e9c\u8207\u79c1\u4eba\u9280\u884c\u4e4b\u9593\u7684\u5236\u8861\u3002\u5730\u5340\u5132\u5099\u9280\u884c\u7684\u8463\u4e8b\u6703\u7531\u5546\u696d\u9280\u884c\u8207\u653f\u5e9c\u4ee3\u8868\u5171\u540c\u7d44\u6210\uff0c\u800c FOMC \u7684\u6c7a\u7b56\u6b0a\u5247\u4e3b\u8981\u638c\u63e1\u5728\u653f\u5e9c\u4efb\u547d\u7684\u57f7\u884c\u59d4\u54e1\u624b\u4e2d\u3002\u7136\u800c\uff0c\u4e00\u65e6\u57f7\u884c\u59d4\u54e1\u88ab\u4efb\u547d\uff0c\u653f\u5e9c\u5f88\u96e3\u7f77\u514d\u4ed6\u5011\uff08\u9700\u570b\u6703\u4e09\u5206\u4e4b\u4e8c\u4ee5\u4e0a\u6295\u7968\u901a\u904e\uff09\uff0c\u9019\u78ba\u4fdd\u4e86\u806f\u6e96\u6703\u7684\u7368\u7acb\u6027\u3002\u4f8b\u5982\uff0c2018 \u5e74\uff0c\u6642\u4efb\u7e3d\u7d71\u5ddd\u666e\u66fe\u516c\u958b\u6279\u8a55\u806f\u6e96\u6703\u5347\u606f\u653f\u7b56\uff0c\u4f46\u4e3b\u5e2d\u9b91\u5a01\u723e\u4ecd\u5805\u6301\u7368\u7acb\u6c7a\u7b56\uff0c\u986f\u793a\u806f\u6e96\u6703\u4e0d\u53d7\u653f\u5e9c\u76f4\u63a5\u63a7\u5236\u3002<\/p>\n\n\n\n<p>\u9019\u7a2e\u7368\u7acb\u6027\u662f\u806f\u6e96\u6703\u7684\u6838\u5fc3\u57fa\u77f3\uff0c\u56e0\u70ba\u5176\u6b0a\u529b\u5efa\u7acb\u5728\u5e02\u5834\u4fe1\u4efb\u4e4b\u4e0a\u3002\u5168\u7403 60 %\u7684\u5916\u532f\u5132\u5099\u70ba\u7f8e\u5143\uff0c\u7f8e\u5143\u7684\u767c\u884c\u91cf\u8207\u5229\u7387\u7531 FOMC \u6c7a\u5b9a\u3002\u82e5\u5e02\u5834\u4fe1\u4efb\u806f\u6e96\u6703\u7684\u4e2d\u7acb\u6027\uff0c\u7f8e\u5143\u7684\u5168\u7403\u5f71\u97ff\u529b\u4fbf\u80fd\u6301\u7e8c\u589e\u5f37\u3002\u53cd\u4e4b\uff0c\u82e5\u806f\u6e96\u6703\u88ab\u8996\u70ba\u653f\u5e9c\u7684\u9644\u5eb8\uff0c\u5176\u8ca8\u5e63\u653f\u7b56\u7684\u9577\u671f\u6548\u76ca\u5c07\u5927\u6253\u6298\u6263\u3002<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">\u6b77\u53f2\u4e0a\u7684\u50b3\u5947\uff1a\u4fdd\u7f85\u00b7\u6c83\u514b\u8207\u7f8e\u5143\u9738\u6b0a<\/h2>\n\n\n\n<p>\u806f\u6e96\u6703\u7684\u7368\u7acb\u6027\u5728\u6b77\u53f2\u4e0a\u66fe\u591a\u6b21\u5f97\u5230\u9a57\u8b49\uff0c\u5176\u4e2d\u6700\u8457\u540d\u7684\u662f 1979 \u5e74\u4e0a\u4efb\u7684\u4e3b\u5e2d\u4fdd\u7f85\u00b7\u6c83\u514b\uff08 Paul Volcker \uff09\u3002\u7576\u6642\uff0c\u7f8e\u570b\u9762\u81e8\u5169\u6b21\u77f3\u6cb9\u5371\u6a5f\uff0c\u901a\u81a8\u7387\u5c45\u9ad8\u4e0d\u4e0b\u3002\u6c83\u514b\u9802\u4f4f\u5de8\u5927\u58d3\u529b\uff0c\u5c07\u5229\u7387\u63d0\u9ad8\u81f3 20 %\u4ee5\u4e0a\uff0c\u4ee5\u904f\u5236\u901a\u81a8\u3002\u9019\u4e00\u653f\u7b56\u96d6\u6709\u6548\u63a7\u5236\u7269\u50f9\uff0c\u4f46\u4e5f\u5c0e\u81f4\u7d93\u6fdf\u77ed\u671f\u8870\u9000\uff0c\u5931\u696d\u7387\u8d85\u904e 10 %\u3002\u6c83\u514b\u4e0d\u50c5\u9762\u81e8\u653f\u5ba2\u8207\u6c11\u773e\u7684\u5f37\u70c8\u53cd\u5c0d\uff0c\u751a\u81f3\u6536\u5230\u6b7b\u4ea1\u5a01\u8105\uff0c\u9700\u7279\u52e4\u5c40\u4fdd\u8b77\u3002\u7136\u800c\uff0c\u4ed6\u7684\u6c7a\u7b56\u6700\u7d42\u58d3\u5236\u901a\u81a8\uff0c\u70ba\u7f8e\u570b\u7d93\u6fdf\u5f8c\u7e8c 20 \u5e74\u7684\u9ad8\u901f\u767c\u5c55\u5960\u5b9a\u57fa\u790e\u3002<\/p>\n\n\n\n<p>\u6c83\u514b\u7684\u6210\u529f\u4e0d\u50c5\u7a69\u5b9a\u4e86\u7f8e\u5143\uff0c\u9084\u5e6b\u52a9\u7f8e\u570b\u5f9e\u91d1\u672c\u4f4d\u5236\u904e\u6e21\u5230\u6d6e\u52d5\u532f\u7387\u6642\u4ee3\uff0c\u78ba\u7acb\u4e86\u7f8e\u5143\u7684\u5168\u7403\u9738\u6b0a\u5730\u4f4d\u3002\u81ea\u6b64\uff0c\u806f\u6e96\u6703\u6210\u70ba\u5168\u7403\u91d1\u878d\u9ad4\u7cfb\u4e2d\u6700\u5177\u6b0a\u529b\u7684\u6a5f\u69cb\uff0c\u5176\u4e00\u8209\u4e00\u52d5\u727d\u52d5\u5168\u7403\u8cc7\u672c\u5e02\u5834\u3002<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">\u806f\u6e96\u6703\u7684\u76ee\u6a19\u8207\u8ca8\u5e63\u653f\u7b56\u5de5\u5177<\/h2>\n\n\n\n<p>\u806f\u6e96\u6703\u7684\u5169\u5927\u6838\u5fc3\u76ee\u6a19\u662f\uff1a<\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li><strong>\u7a69\u5b9a\u7269\u50f9\uff08Stable Prices\uff09<\/strong>\uff1a\u63a7\u5236\u901a\u8ca8\u81a8\u8139\uff0c\u4fdd\u6301\u7269\u50f9\u7a69\u5b9a\u3002<\/li>\n\n\n\n<li><strong>\u6700\u5927\u5c31\u696d\uff08Maximum Employment\uff09<\/strong>\uff1a\u4fc3\u9032\u7d93\u6fdf\u589e\u9577\uff0c\u964d\u4f4e\u5931\u696d\u7387\u3002<\/li>\n<\/ol>\n\n\n\n<p>\u9019\u5169\u500b\u76ee\u6a19\u5e38\u5e38\u76f8\u4e92\u885d\u7a81\u3002\u4f8b\u5982\uff0c\u523a\u6fc0\u5c31\u696d\u9700\u8981\u5bec\u9b06\u8ca8\u5e63\u653f\u7b56\uff08\u5982\u964d\u606f\u6216\u5370\u9214\uff09\uff0c\u4f46\u9019\u53ef\u80fd\u5c0e\u81f4\u901a\u81a8\u4e0a\u5347\uff1b\u53cd\u4e4b\uff0c\u6291\u5236\u901a\u81a8\u9700\u5347\u606f\uff0c\u537b\u53ef\u80fd\u58d3\u5236\u7d93\u6fdf\u6d3b\u529b\u3002\u806f\u6e96\u6703\u5fc5\u9808\u5728\u5169\u8005\u9593\u5c0b\u6c42\u5e73\u8861\uff0c\u800c\u7576\u524d\u7d93\u6fdf\u5b78\u666e\u904d\u8a8d\u70ba\u7a69\u5b9a\u7269\u50f9\u66f4\u70ba\u512a\u5148\u3002<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u5ef6\u4f38\u95b1\u8b80\uff1a <a href=\"https:\/\/blog.roboadvisor.com.tw\/?p=7022\">\u9ad8\u901a\u81a8\u3001\u9ad8\u5229\u7387\u6642\u4ee3\uff0c\u8cc7\u7522\u8a72\u5982\u4f55\u914d\u7f6e\uff1f\u77ed\u5929\u671f\u50b5\u5238\u9069\u5408\u5c0d\u6297\u901a\u81a8\u55ce\uff1f<\/a><\/p>\n\n\n\n<p>\u5ef6\u4f38\u95b1\u8b80\uff1a <a href=\"https:\/\/blog.roboadvisor.com.tw\/?p=13537\">\u5931\u696d\u7387\u662f\u4ec0\u9ebc\uff1f\u5931\u696d\u7387\u54ea\u88e1\u67e5\uff1f\u5931\u696d\u7387\u5b9a\u7fa9\u8207\u5f71\u97ff\u4e00\u6b21\u770b\uff01<\/a><\/p>\n<\/blockquote>\n\n\n\n<p>\u806f\u6e96\u6703\u7684\u4e3b\u8981\u8ca8\u5e63\u653f\u7b56\u5de5\u5177\u662f\u63a7\u5236\u300c\u806f\u90a6\u57fa\u91d1\u5229\u7387\u300d\uff08Federal Funds Rate\uff09\uff0c\u5373\u9280\u884c\u9593\u9694\u591c\u62c6\u501f\u5229\u7387\u3002\u901a\u904e\u8abf\u6574\u9019\u4e00\u77ed\u671f\u5229\u7387\uff0c\u806f\u6e96\u6703\u5f71\u97ff\u5e02\u5834\u8ca8\u5e63\u6d41\u901a\u901f\u5ea6\uff0c\u5f9e\u800c\u9593\u63a5\u63a7\u5236\u5176\u4ed6\u5229\u7387\uff08\u5982\u623f\u8cb8\u5229\u7387\u3001\u516c\u50b5\u5229\u7387\u7b49\uff09\u3002\u6b64\u5916\uff0c\u806f\u6e96\u6703\u9084\u901a\u904e\u516c\u958b\u5e02\u5834\u64cd\u4f5c\uff08\u8cb7\u8ce3\u516c\u50b5\uff09\u8abf\u7bc0\u8ca8\u5e63\u4f9b\u61c9\u91cf\u3002<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">\u91cf\u5316\u5bec\u9b06\u8207\u91d1\u878d\u5e02\u5834\u7684\u300c\u85e5\u7269\u4f9d\u8cf4\u300d<\/h2>\n\n\n\n<p>\u806f\u6e96\u6703\u7684\u8ca8\u5e63\u653f\u7b56\u5728 20 \u4e16\u7d00 90 \u5e74\u4ee3\uff08\u4e3b\u5e2d\u683c\u6797\u65af\u6f58\u6642\u671f\uff09\u9054\u5230\u9802\u5cf0\uff0c\u6210\u529f\u61c9\u5c0d\u591a\u6b21\u80a1\u5e02\u5d29\u76e4\u8207\u4e9e\u6d32\u91d1\u878d\u5371\u6a5f\u3002\u7136\u800c\uff0c2008 \u5e74\u7684\u91d1\u878d\u6d77\u562f\u8b93\u806f\u6e96\u6703\u9762\u81e8\u524d\u6240\u672a\u6709\u7684\u6311\u6230\u3002\u70ba\u523a\u6fc0\u7d93\u6fdf\uff0c\u806f\u6e96\u6703\u5c07\u5229\u7387\u964d\u81f3\u8fd1\u96f6\uff0c\u4f46\u9019\u4ecd\u4e0d\u8db3\u4ee5\u6062\u5fa9\u5e02\u5834\u4fe1\u5fc3\u3002\u65bc\u662f\uff0c\u806f\u6e96\u6703\u501f\u9452\u65e5\u672c\u592e\u884c\u7684\u7d93\u9a57\uff0c\u63a8\u51fa\u300c\u91cf\u5316\u5bec\u9b06\u300d\uff08 QE \uff09\uff0c\u5373\u901a\u904e\u5370\u9214\u8cfc\u8cb7\u9577\u671f\u50b5\u5238\uff0c\u58d3\u4f4e\u9577\u671f\u5229\u7387\uff0c\u523a\u6fc0\u878d\u8cc7\u8207\u6295\u8cc7\u3002<\/p>\n\n\n\n<p>2008 \u5e74\u7684 QE \u662f\u4e00\u5834\u300c\u8c6a\u8ced\u300d\u3002\u806f\u6e96\u6703\u5728\u4e00\u5e74\u591a\u5167\u8cb7\u5165 1.75 \u842c\u5104\u7f8e\u5143\u50b5\u5238\uff08\u5360\u5e02\u5834\u6d41\u901a\u50b5\u5238\u7684\u56db\u5206\u4e4b\u4e00\uff09\uff0c\u5c0e\u81f4\u5341\u5e74\u671f\u516c\u50b5\u5229\u7387\u5927\u5e45\u4e0b\u964d\u3002\u8cc7\u91d1\u5f9e\u50b5\u5e02\u6e67\u5411\u80a1\u5e02\uff0c\u63a8\u52d5\u8cc7\u7522\u50f9\u683c\u4e0a\u6f32\uff0c\u901a\u904e\u300c\u8ca1\u5bcc\u6548\u61c9\u300d\uff08\u8cc7\u7522\u589e\u503c\u523a\u6fc0\u6d88\u8cbb\uff09\u5e36\u52d5\u5be6\u9ad4\u7d93\u6fdf\u5fa9\u7526\u3002\u96a8\u5f8c\uff0c\u806f\u6e96\u6703\u53c8\u63a8\u51fa\u7b2c\u4e8c\u8f2a\u8207\u7b2c\u4e09\u8f2a QE\uff0c\u6210\u529f\u907f\u514d\u7d93\u6fdf\u9677\u5165\u5927\u856d\u689d\u3002<\/p>\n\n\n\n<p>\u7136\u800c\uff0cQE \u4e5f\u5e36\u4f86\u526f\u4f5c\u7528 \u2013 \u5e02\u5834\u5c0d\u5bec\u9b06\u653f\u7b56\u7684\u300c\u85e5\u7269\u4f9d\u8cf4\u300d\u30022013 \u5e74\uff0c\u4e3b\u5e2d\u4f2f\u5357\u514b\u50c5\u63d0\u53ca\u8003\u616e\u6e1b\u5c11 QE \uff08 Taper \uff09\uff0c\u4fbf\u5f15\u767c\u50b5\u5e02\u6050\u614c\uff0c\u5341\u5e74\u671f\u516c\u50b5\u5229\u7387\u534a\u5e74\u5167\u98c6\u5347 100 \u591a\u500b\u57fa\u9ede\uff0c\u53f2\u7a31\u300c\u7e2e\u8868\u6050\u614c\u300d\uff08 Taper Tantrum \uff09\u3002\u9019\u8868\u660e\u5e02\u5834\u5df2\u7fd2\u6163\u5bec\u9b06\u653f\u7b56\uff0c\u7a0d\u6709\u6536\u7dca\u4fbf\u5f15\u767c\u5287\u70c8\u53cd\u5f48\u3002<\/p>\n\n\n\n<p>\u66f4\u91cd\u8981\u7684\u662f\uff0cQE \u7684\u8cc7\u91d1\u4e26\u672a\u5b8c\u5168\u6d41\u5165\u5be6\u9ad4\u7d93\u6fdf\uff0c\u800c\u662f\u5927\u91cf\u6e67\u5165\u80a1\u5e02\u8207\u623f\u5730\u7522\u3002\u806f\u6e96\u6703\u7684\u8ca8\u5e63\u653f\u7b56\u597d\u6bd4\u4e00\u500b\u704c\u6e89\u7cfb\u7d71\uff0c\u96d6\u7136\u5e0c\u671b\u6c34\u6d41\u5411\u5be6\u9ad4\u7d93\u6fdf\uff08\u8fb2\u7530\uff09\uff0c\u4f46\u5927\u90e8\u5206\u6c34\u537b\u6d41\u5411\u4e86\u80a1\u5e02\u8207\u623f\u5730\u7522\uff08\u84c4\u6c34\u6e56\uff09\u3002\u9019\u5c0e\u81f4\u806f\u6e96\u6703\u7684\u653f\u7b56\u9593\u63a5\u63a8\u9ad8\u8cc7\u7522\u50f9\u683c\uff0c\u800c\u975e\u5176\u9810\u671f\u7684\u7a69\u5b9a\u7269\u50f9\u8207\u4fc3\u9032\u5c31\u696d\u3002 <\/p>\n\n\n\n<h2 class=\"wp-block-heading\">\u75ab\u60c5\u6642\u4ee3\u8207\u901a\u81a8\u5371\u6a5f<\/h2>\n\n\n\n<p>2020 \u5e74\u65b0\u51a0\u75ab\u60c5\u7206\u767c\uff0c\u806f\u6e96\u6703\u518d\u6b21\u796d\u51fa QE\uff0c\u4e26\u5c07\u898f\u6a21\u63a8\u5411\u6b77\u53f2\u65b0\u9ad8\u3002\u4e0d\u50c5\u8cfc\u8cb7\u516c\u50b5\u8207\u62b5\u62bc\u8cb8\u6b3e\u8b49\u5238\uff08 MBS \uff09\uff0c\u751a\u81f3\u9996\u6b21\u8cfc\u5165\u516c\u53f8\u50b5\u3002\u8207\u6b64\u540c\u6642\uff0c\u7f8e\u570b\u653f\u5e9c\u63a8\u51fa 5 \u842c\u5104\u7f8e\u5143\u7684\u8ca1\u653f\u523a\u6fc0\u3002\u9019\u4e9b\u653f\u7b56\u8fc5\u901f\u7a69\u5b9a\u5e02\u5834\uff0c\u80a1\u5e02\u5728\u7d93\u6fdf\u505c\u64fa\u4e2d\u9006\u52e2\u4e0a\u6f32\u3002\u7136\u800c\uff0c\u904e\u5ea6\u7684\u91cf\u5316\u5bec\u9b06\u6700\u7d42\u559a\u9192\u4e86\u806f\u6e96\u6703\u6700\u6050\u61fc\u7684\u300c\u602a\u7378\u300d\u2013 \u901a\u8ca8\u81a8\u8139\u3002<\/p>\n\n\n\n<p>2022\u5e74\u806f\u6e96\u6703\u56e0\u61c9\u70cf\u4fc4\u6230\u722d\u958b\u6253\u53ca\u901a\u81a8\u58d3\u529b\uff0c\u5728\u4e00\u5e74\u5167\u5c07\u5229\u7387\u8abf\u5347\u8d85\u904e500\u500b\u57fa\u9ede\uff0c\u5f71\u97ff\u5168\u7403\u8cc7\u7522\u8d70\u4e86\u8fd1\u4e00\u5e74\u7684\u7a7a\u982d\uff0c\u53f0\u3001\u7f8e\u80a1\u66f4\u662f\u6df1\u9677\u5176\u5bb3\u3002\u7f8e\u570b\u81ea\u8eab\u4e5f\u5728 2023 \u5e74\u906d\u9047\u53f2\u4e0a\u7b2c\u4e8c\u3001\u7b2c\u4e09\u3001\u7b2c\u56db\u5927\u9280\u884c\u5012\u9589\u4e8b\u4ef6\uff0c\u986f\u793a\u5feb\u901f\u7dca\u7e2e\u7684\u526f\u4f5c\u7528\u3002\u806f\u6e96\u6703\u7684\u5bec\u9b06\u8207\u7dca\u7e2e\u653f\u7b56\u5728\u904e\u53bb\u5341\u591a\u5e74\u9593\u53cd\u8986\u4e0a\u6f14\uff0c\u6f5b\u5728\u7684\u5371\u6a5f\u5c1a\u672a\u5b8c\u5168\u986f\u73fe\u3002<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"374\" src=\"https:\/\/blog.roboadvisor.com.tw\/wp-content\/uploads\/2025\/04\/image-14-1024x374.png\" alt=\"\" class=\"wp-image-13868\" srcset=\"https:\/\/blog.roboadvisor.com.tw\/wp-content\/uploads\/2025\/04\/image-14-1024x374.png 1024w, https:\/\/blog.roboadvisor.com.tw\/wp-content\/uploads\/2025\/04\/image-14-300x109.png 300w, https:\/\/blog.roboadvisor.com.tw\/wp-content\/uploads\/2025\/04\/image-14-768x280.png 768w, https:\/\/blog.roboadvisor.com.tw\/wp-content\/uploads\/2025\/04\/image-14.png 1409w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">\u8cc7\u6599\u4f86\u6e90\uff1aMorningstar Direct\uff0c\u963f\u723e\u767c\u6295\u9867\u6574\u7406\u3002<\/figcaption><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\">\u806f\u6e96\u6703\u7684\u89d2\u8272\u8207\u6311\u6230<\/h2>\n\n\n\n<p>\u806f\u6e96\u6703\u7684\u653f\u7b56\u5728\u7d93\u6fdf\u7e41\u69ae\u6642\u904e\u65bc\u5bec\u9b06\uff0c\u5e02\u5834\u5d29\u6f70\u5f8c\u53c8\u4e0d\u5f97\u4e0d\u6551\u5e02\uff0c\u9019\u5c0e\u81f4\u83ef\u723e\u8857\u9010\u6f38\u5f62\u6210\u300c\u73a9\u5d29\u4e86\u6709\u806f\u6e96\u6703\u515c\u5e95\u300d\u7684\u5fc3\u7406\u9810\u671f\u3002\u9019\u7a2e\u300c\u9053\u5fb7\u98a8\u96aa\u300d\u4e0d\u50c5\u5b58\u5728\u65bc\u83ef\u723e\u8857\u8207\u806f\u6e96\u6703\u4e4b\u9593\uff0c\u4e5f\u8cab\u7a7f\u6574\u500b\u91d1\u878d\u9ad4\u7cfb\u3002\u91d1\u878d\u6a5f\u69cb\u56e0\u6709\u300c\u515c\u5e95\u300d\u9078\u9805\uff0c\u50be\u5411\u65bc\u653e\u5927\u6760\u6746\uff0c\u8ffd\u6c42\u9ad8\u98a8\u96aa\u9ad8\u56de\u5831\u7684\u6295\u8cc7\u3002\u9019\u4fc3\u4f7f\u806f\u6e96\u6703\u5728 2008 \u5e74\u5f8c\u52a0\u5f37\u76e3\u7ba1\uff0c\u4f46\u8fd1\u671f\u9280\u884c\u5012\u9589\u4e8b\u4ef6\u986f\u793a\uff0c\u76e3\u7ba1\u529b\u5ea6\u4ecd\u9700\u5347\u7d1a\u3002<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">\u806f\u6e96\u6703\u7684\u900f\u660e\u5ea6\u8207\u5e02\u5834\u6e9d\u901a<\/h2>\n\n\n\n<p>\u806f\u6e96\u6703\u7684\u4e00\u5927\u4eae\u9ede\u662f\u5176\u8207\u5e02\u5834\u7684\u5145\u5206\u6e9d\u901a\u8207\u900f\u660e\u5ea6\u3002\u6bcf\u6b21 FOMC \u6703\u8b70\u5f8c\uff0c\u806f\u6e96\u6703\u6703\u767c\u5e03\u8a73\u7d30\u7684\u6703\u8b70\u8a18\u9304\uff0c\u5305\u62ec\u6c7a\u7b56\u4f9d\u64da\u3001\u6210\u54e1\u6295\u7968\u60c5\u6cc1\u8207\u672a\u4f86\u5229\u7387\u9810\u671f\uff08\u5373\u300c\u9ede\u9663\u5716\u300d\uff0c Dot Plot \uff09\u3002\u9ede\u9663\u5716\u986f\u793a\u6bcf\u4f4d\u6210\u54e1\u5c0d\u672a\u4f86\u5229\u7387\u7684\u770b\u6cd5\uff0c\u5c0d\u5e02\u5834\u9810\u671f\u5f71\u97ff\u5de8\u5927\u3002\u6b64\u5916\uff0c\u806f\u6e96\u6703\u7db2\u7ad9\u63d0\u4f9b\u8c50\u5bcc\u7684\u7d93\u6fdf\u6578\u64da\u3001\u7814\u7a76\u8ad6\u6587\u8207\u300a\u8910\u76ae\u66f8\u300b\uff08 Beige Book \uff09\uff0c\u8a73\u7d30\u8a18\u9304\u5404\u5730\u5340\u7d93\u6fdf\u72c0\u6cc1\uff0c\u70ba\u6295\u8cc7\u8005\u8207\u7814\u7a76\u8005\u63d0\u4f9b\u5bf6\u8cb4\u8cc7\u6e90\u3002<\/p>\n\n\n\n<figure class=\"wp-block-image aligncenter size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"596\" height=\"581\" src=\"https:\/\/blog.roboadvisor.com.tw\/wp-content\/uploads\/2025\/04\/image-13.png\" alt=\"\" class=\"wp-image-13862\" srcset=\"https:\/\/blog.roboadvisor.com.tw\/wp-content\/uploads\/2025\/04\/image-13.png 596w, https:\/\/blog.roboadvisor.com.tw\/wp-content\/uploads\/2025\/04\/image-13-300x292.png 300w\" sizes=\"auto, (max-width: 596px) 100vw, 596px\" \/><figcaption class=\"wp-element-caption\">\u8cc7\u6599\u4f86\u6e90\uff1aFOMC\u3002<\/figcaption><\/figure>\n\n\n\n<p>\u9019\u7a2e\u900f\u660e\u5ea6\u589e\u5f37\u4e86\u5e02\u5834\u5c0d\u806f\u6e96\u6703\u7684\u4fe1\u4efb\uff0c\u78ba\u4fdd\u5176\u8ca8\u5e63\u653f\u7b56\u7684\u516c\u4fe1\u529b\u3002\u806f\u6e96\u6703\u7684\u6c7a\u7b56\u770b\u4f3c\u7c21\u55ae\uff08\u5347\u606f\u6216\u964d\u606f\uff09\uff0c\u4f46\u80cc\u5f8c\u662f\u5927\u91cf\u7814\u7a76\u8207\u5206\u6790\uff0c\u901a\u904e\u516c\u958b\u8cc7\u6599\u8207\u6f14\u8b1b\u5411\u5e02\u5834\u50b3\u9054\u5176\u8b39\u614e\u6c7a\u7b56\u7684\u904e\u7a0b\u3002<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u5ef6\u4f38\u95b1\u8b80\uff1a <a href=\"https:\/\/blog.roboadvisor.com.tw\/?p=8544\">FED \u9ede\u9663\u5716\u662f\u4ec0\u9ebc\uff1fFED \u9ede\u9663\u5716\u600e\u9ebc\u770b\uff1f\u516c\u5e03\u6642\u9593\u3001\u6559\u5b78\u61f6\u4eba\u5305\uff01<\/a><\/p>\n<\/blockquote>\n\n\n\n<h2 class=\"wp-block-heading\">\u806f\u6e96\u6703\u7684\u6311\u6230\u8207\u555f\u793a<\/h2>\n\n\n\n<p>\u806f\u6e96\u6703\u4f5c\u70ba\u5168\u7403\u91d1\u878d\u9ad4\u7cfb\u7684\u6838\u5fc3\uff0c\u5176\u7368\u7acb\u6027\u3001\u6c7a\u7b56\u6a5f\u5236\u8207\u8ca8\u5e63\u653f\u7b56\u5c0d\u5168\u7403\u7d93\u6fdf\u6709\u6df1\u9060\u5f71\u97ff\u3002\u7136\u800c\uff0c\u5176\u5bec\u9b06\u653f\u7b56\u5f15\u767c\u7684\u8cc7\u7522\u6ce1\u6cab\u3001\u5e02\u5834\u4f9d\u8cf4\u8207\u901a\u81a8\u98a8\u96aa\uff0c\u986f\u793a\u5176\u9762\u81e8\u7684\u6311\u6230\u3002\u806f\u6e96\u6703\u7684\u6b77\u53f2\u8207\u904b\u4f5c\u908f\u8f2f\u4e0d\u50c5\u9069\u7528\u65bc\u7f8e\u570b\uff0c\u4e5f\u70ba\u5176\u4ed6\u570b\u5bb6\u7684\u4e2d\u592e\u9280\u884c\u63d0\u4f9b\u4e86\u53c3\u8003\u3002<\/p>\n\n\n\n<p>\u901a\u904e\u4e86\u89e3\u806f\u6e96\u6703\u7684\u67b6\u69cb\u3001\u76ee\u6a19\u8207\u653f\u7b56\u5de5\u5177\uff0c\u6211\u5011\u80fd\u66f4\u597d\u5730\u7406\u89e3\u5b8f\u89c0\u7d93\u6fdf\u7684\u904b\u4f5c\uff0c\u4ee5\u53ca\u8ca8\u5e63\u653f\u7b56\u5982\u4f55\u5f71\u97ff\u6211\u5011\u7684\u6295\u8cc7\u8207\u751f\u6d3b\u3002\u806f\u6e96\u6703\u7684\u6545\u4e8b\u63d0\u9192\u6211\u5011\uff0c\u91d1\u878d\u5e02\u5834\u7684\u7e41\u69ae\u8207\u5371\u6a5f\u5f80\u5f80\u4ea4\u7e54\uff0c\u800c\u7406\u89e3\u5176\u80cc\u5f8c\u7684\u904a\u6232\u898f\u5247\uff0c\u662f\u6bcf\u4f4d\u6295\u8cc7\u8005\u8207\u516c\u6c11\u7684\u5fc5\u4fee\u8ab2\u3002<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<p class=\"has-text-align-center\"><strong>\u3010\u91cd\u8981\u8072\u660e\u3011<\/strong><\/p>\n\n\n\n<p class=\"has-small-font-size\"><strong>\u963f\u723e\u767c\u8b49\u5238\u6295\u8cc7\u9867\u554f\u80a1\u4efd\u6709\u9650\u516c\u53f8\uff08\u4ee5\u4e0b\u7c21\u7a31\u300c\u963f\u723e\u767c\u6295\u9867\u300d\uff09\u6240\u63d0\u4f9b\u4e4b\u5efa\u8b70\u5ba2\u6236\u6295\u8cc7\u4e4b\u5883\u5916 ETF\u7b26\u5408\u76f8\u95dc\u898f\u5b9a\u53ca\u51fd\u4ee4\u6240\u5b9a\u4e4b\u7bc4\u570d\u53ca\u689d\u4ef6\uff0c\u60df\u4e0d\u8868\u793a\u7d55\u7121\u98a8\u96aa\u3002\u5883\u5916ETF\u767c\u884c\u6a5f\u69cb\u4ee5\u5f80\u4e4b\u7d93\u7406\u7e3e\u6548\u4e0d\u4fdd\u8b49\u5883\u5916 ETF\u4e4b\u6700\u4f4e\u6295\u8cc7\u6536\u76ca\uff0c\u5883\u5916 ETF \u767c\u884c\u6a5f\u69cb\u9664\u76e1\u5584\u826f\u7ba1\u7406\u4eba\u4e4b\u6ce8\u610f\u7fa9\u52d9\u5916\uff0c\u4e0d\u8ca0\u8cac ETF\u4e4b\u76c8\u8667\uff0c\u4ea6\u4e0d\u4fdd\u8b49\u6700\u4f4e\u4e4b\u6536\u76ca\uff0c\u6295\u8cc7\u4eba\u7533\u8cfc\u524d\u61c9\u8a73\u95b1\u57fa\u91d1\u516c\u958b\u8aaa\u660e\u66f8\u3002<\/strong><\/p>\n\n\n\n<p class=\"has-small-font-size\"><strong>\u6709\u95dc\u5883\u5916ETF\u61c9\u8ca0\u64d4\u4e4b\u8cbb\u7528\u5df2\u63ed\u9732\u65bc\u57fa\u91d1\u516c\u958b\u8aaa\u660e\u66f8\u6216\u6295\u8cc7\u4eba\u9808\u77e5\u4e2d\uff0c\u6295\u8cc7\u4eba\u5982\u9700\u76f8\u95dc\u516c\u958b\u8aaa\u660e\u8cc7\u6599\uff0c\u53ef\u8acb\u6c42\u963f\u723e\u767c\u6295\u9867\u63d0\u4f9b\u4e4b\uff0c\u4e26\u540c\u610f\u53d7\u8a17\u4eba\u63d0\u4f9b\u4e4b\u539f\u6587\u516c\u958b\u8aaa\u660e\u66f8\u5f97\u4e0d\u6458\u8b6f\u70ba\u4e2d\u6587\uff0c\u6216\u81ea\u884c\u81f3\u5916\u570b\u6709\u50f9\u8b49\u5238\u4ea4\u6613\u6240\u6216\u5883\u5916 ETF \u767c\u884c\u6a5f\u69cb\u4e4b\u5b98\u65b9\u7db2\u7ad9\u4e0a\u67e5\u8a62\uff0c\u81ea\u884c\u4e86\u89e3\u76f8\u95dc\u8cc7\u8a0a\u3002\u6295\u8cc7\u4eba\u56e0\u4e0d\u540c\u6642\u9593\u9032\u5834\uff0c\u5c07\u6709\u4e0d\u540c\u4e4b\u6295\u8cc7\u7e3e\u6548\uff0c\u904e\u53bb\u4e4b\u7e3e\u6548\u4ea6\u4e0d\u4ee3\u8868\u672a\u4f86\u7e3e\u6548\u4e4b\u4fdd\u8b49\u3002\u4ee5\u904e\u53bb\u7e3e\u6548\u9032\u884c\u6a21\u64ec\u6295\u8cc7\u7d44\u5408\u4e4b\u5831\u916c\u7387\u6642\uff0c\u50c5\u70ba\u6b77\u53f2\u8cc7\u6599\u6a21\u64ec\u6295\u8cc7\u7d44\u5408\u4e4b\u7d50\u679c\uff0c\u4e0d\u4ee3\u8868\u672c\u6295\u8cc7\u7d44\u5408\u4e4b\u5be6\u969b\u5831\u916c\u7387\u53ca\u672a\u4f86\u7e3e\u6548\u4fdd\u8b49\uff0c\u4e0d\u540c\u6642\u9593\u9032\u884c\u6a21\u64ec\u64cd\u4f5c\uff0c\u7d50\u679c\u53ef\u80fd\u4e0d\u540c\u3002<\/strong><\/p>\n\n\n\n<p class=\"has-small-font-size\"><strong>\u963f\u723e\u767c\u6295\u9867\u81ea\u7576\u76e1\u529b\u63d0\u4f9b\u6b63\u78ba\u8cc7\u8a0a\uff0c\u6240\u8f09\u8cc7\u6599\u5747\u4f86\u81ea\u6216\u672c\u8af8\u6211\u5011\u76f8\u4fe1\u53ef\u9760\u4e4b\u4f86\u6e90\uff0c\u4f46\u5c0d\u5176\u5b8c\u6574\u6027\u3001\u5373\u6642\u6027\u548c\u6b63\u78ba\u6027\u4e0d\u505a\u4efb\u4f55\u64d4\u4fdd\uff0c\u5982\u6709\u932f\u6f0f\u6216\u758f\u5ffd\uff0c\u672c\u516c\u53f8\u6216\u95dc\u4fc2\u4f01\u696d\u8207\u5176\u4efb\u4f55\u8463\u4e8b\u6216\u53d7\u50f1\u4eba\u7b49\uff0c\u5c0d\u6b64\u4e0d\u8ca0\u4efb\u4f55\u6cd5\u5f8b\u8cac\u4efb\u3002<\/strong><\/p>\n\n\n\n<p class=\"has-small-font-size\"><strong>\u672c\u6587\u8cc7\u6599\u50c5\u4f9b\u53c3\u8003\u4e4b\u7528\uff0c\u6295\u8cc7\u6642\u61c9\u5be9\u614e\u8a55\u4f30\u3002\u672c\u6587\u63d0\u53ca\u963f\u723e\u767c\u6295\u8cc7\u7d44\u5408\u4e4b\u56de\u6e2c\u8cc7\u6599\u8aaa\u660e\u63a1\u7528 Vanguard Total Stock Market ETF\u3001 Vanguard FTSE Developed Market ETF\u3001Vanguard FTSE All-World ex-US Small-Cap\u3001Vanguard Real Estate ETF\u3001Vanguard Global ex-US Real Estate ETF\u3001Vanguard Total World Bond ETF\u8ffd\u8e64\u4e4b\uff0cRussell 1000 TR USD\u3001S&amp;P Global Ex US Large TR USD\u3001S&amp;P Developed Ex US MidSmall TR USD\u3001S&amp;P Global REIT TR USD\u3001S&amp;P Global Ex US Large TR USD\u3001BBgBarc US Agg Bond TR USD\u3001BBgBarc Global Aggregate TR Hdg USD\u3002\u5176\u4ed6\u5168\u7403\u7d93\u6fdf\u6307\u6578\u63a1\u7528 MSCI ACWI All Cap\u3001S&amp;P 500\u3001MSCI EAFE\u3001MSCI EM\u3001TSEC TAIEX\u3001DJ Industrial Index\u3001NASDAQ Composite Index\u3001S&amp;P 500\u3001MSCI China A50 Index\u3001Hanh Seng HIS Index\u3001Nikkei 225\u3001KOSPI Index\u3001FTSE 100\u3001FSE DAX\u3001Paris CAC 40\u3002\u672c\u6587\u63d0\u53ca\u4e4b\u7d93\u6fdf\u8d70\u52e2\u9810\u6e2c\u4e0d\u5fc5\u7136\u4ee3\u8868\u76f8\u95dc\u5883\u5916 ETF \u4e4b\u7e3e\u6548\u7372\u5176\u5be6\u969b\u672a\u4f86\u72c0\u6cc1\uff0c\u5176\u4ed6\u76f8\u95dc\u5883\u5916 ETF \u4e4b\u6295\u8cc7\u98a8\u96aa\u8acb\u8a73\u95b1\u57fa\u91d1\u516c\u958b\u8aaa\u660e\u66f8\u3002<\/strong><\/p>\n\n\n\n<p class=\"has-small-font-size\"><strong>\u672c\u6587\u50c5\u70ba\u963f\u723e\u767c\u6295\u9867\u63d0\u4f9b\u5ba2\u6236\u4e4b\u4e00\u822c\u53c3\u8003\u8cc7\u6599\uff0c\u4e26\u975e\u91dd\u5c0d\u5ba2\u6236\u4e4b\u7279\u5b9a\u9700\u6c42\u6240\u505a\u4e4b\u6295\u8cc7\u5efa\u8b70\uff0c\u672a\u8003\u91cf\u500b\u5225\u6295\u8cc7\u4eba\u7684\u8ca1\u52d9\u72c0\u6cc1\u8207\u9700\u6c42\uff0c\u6545\u672c\u6587\u6240\u63d0\u4f9b\u7684\u8cc7\u8a0a\u7121\u6cd5\u9069\u7528\u65bc\u6240\u6709\u6295\u8cc7\u4eba\uff0c\u6295\u8cc7\u4eba\u61c9\u81ea\u884c\u5224\u65b7\u6295\u8cc7\u98a8\u96aa\uff0c\u4e0d\u61c9\u5c07\u672c\u8cc7\u6599\u8996\u70ba\u6295\u8cc7\u4e4b\u552f\u4e00\u4f9d\u64da\uff0c\u82e5\u6709\u6295\u8cc7\u640d\u76ca\u6216\u56e0\u4f7f\u7528\u672c\u8cc7\u6599\u6240\u751f\u4e4b\u76f4\u63a5\u6216\u9593\u63a5\u640d\u5931\uff0c\u6295\u8cc7\u7d50\u679c\u61c9\u7531\u6295\u8cc7\u4eba\u81ea\u884c\u8ca0\u8cac\u3002\u672c\u6587\u4ef6\u4e4b\u88fd\u4f5c\uff0c\u4fc2\u4ee5\u672c\u516c\u53f8\u8a8d\u70ba\u53ef\u9760\u4e4b\u8cc7\u8a0a\u70ba\u4f9d\u64da\uff0c\u672c\u516c\u53f8\u96d6\u76e1\u529b\u4f7f\u7528\u53ef\u9760\u4e14\u5ee3\u6cdb\u7684\u8cc7\u8a0a\uff0c\u4f46\u672c\u516c\u53f8\u4e26\u4e0d\u4fdd\u8b49\u5404\u9805\u8cc7\u8a0a\u4e4b\u5b8c\u6574\u6027\u53ca\u6b63\u78ba\u6027\u3002\u672c\u6587\u4ef6\u4e2d\u6240\u63d0\u51fa\u4e4b\u610f\u898b\u4fc2\u70ba\u672c\u6587\u4ef6\u51fa\u7248\u7576\u6642\u7684\u610f\u898b\uff0c\u76f8\u95dc\u8cc7\u8a0a\u6216\u610f\u898b\u82e5\u6709\u8b8a\u66f4\uff0c\u672c\u516c\u53f8\u5c07\u4e0d\u6703\u53e6\u884c\u901a\u77e5\u3002\u672c\u516c\u53f8\u4ea6\u7121\u7fa9\u52d9\u66f4\u65b0\u672c\u6587\u4ef6\u4e4b\u5167\u5bb9\u6216\u8ffd\u8e64\u7814\u7a76\u672c\u6587\u4ef6\u6240\u6db5\u84cb\u4e4b\u4e3b\u984c\u3002\u672c\u6587\u4ef6\u4e0d\u5f97\u8996\u70ba\u8cb7\u8ce3\u6709\u50f9\u8b49\u5238\u6216\u5176\u4ed6\u91d1\u878d\u5546\u54c1\u7684\u8981\u7d04\u6216\u8981\u7d04\u4e4b\u5f15\u8a98\u3002\u672c\u6587\u5167\u5bb9\u975e\u7d93\u963f\u723e\u767c\u6295\u9867\u540c\u610f\uff0c\u8acb\u52ff\u4efb\u610f\u7bc0\u9304\u3001\u4fee\u6539\u6216\u8f49\u8f09\u3002<\/strong><\/p>\n\n\n\n<div class=\"wp-block-columns is-layout-flex wp-container-core-columns-is-layout-28f84493 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\">\n<h2 class=\"wp-block-heading\">\u963f\u723e\u767c\u966a\u60a8\u4e00\u8d77\u5b89\u5fc3\u9054\u6210\u8ca1\u52d9\u76ee\u6a19<\/h2>\n\n\n\n<p>\u60f3<a href=\"https:\/\/blog.roboadvisor.com.tw\/?p=4878\" target=\"_blank\" rel=\"noreferrer noopener\">\u5b9a\u671f\u5b9a\u984d<\/a>\u6295\u8cc7\u7f8e\u80a1 <a href=\"https:\/\/blog.roboadvisor.com.tw\/?p=4881\" target=\"_blank\" rel=\"noreferrer noopener\">ETF<\/a> \u589e\u52a0\u88ab\u52d5\u6536\u5165\uff0c\u963f\u723e\u767c<a href=\"https:\/\/blog.roboadvisor.com.tw\/?p=5080\" target=\"_blank\" rel=\"noopener\" title=\"\">\u6a5f\u5668\u4eba\u7406\u8ca1<\/a>\u80fd\u8b93\u4f60\u4e00\u7ad9\u5f0f\u505a\u597d\u898f\u5283\uff0c\u5e6b\u4f60\u8ffd\u8e64<a href=\"https:\/\/blog.roboadvisor.com.tw\/?p=825\" title=\"\u8ca1\u52d9\u76ee\u6a19\u662f\u4ec0\u9ebc\uff1f\u76ee\u6a19\u5c0e\u5411\u6295\u8cc7\">\u8ca1\u52d9\u76ee\u6a19<\/a>\u9054\u6210\u7387\uff0c\u5e6b\u4f60\u6311\u9078\u4f4e\u6210\u672c\u7684 ETF <a href=\"https:\/\/blog.roboadvisor.com.tw\/?p=8918\" title=\"\u6295\u8cc7\u7d44\u5408\u662f\u4ec0\u9ebc\uff1f\u5982\u4f55\u627e\u5230\u6700\u4f73\u7684\u6295\u8cc7\u7d44\u5408\uff1f\">\u6295\u8cc7\u7d44\u5408<\/a>\uff0c\u6295\u8cc7\u4e4b\u5f8c 24 \u5c0f\u6642\u8ffd\u8e64\u8207<a href=\"https:\/\/blog.roboadvisor.com.tw\/?p=1703\" target=\"_blank\" rel=\"noopener\" title=\"\">\u81ea\u52d5\u518d\u5e73\u8861<\/a>\u3002<\/p>\n\n\n\n<p>\u5982\u679c\u4f60\u6709\u5176\u4ed6\u7406\u8ca1\u554f\u984c\uff0c\u8a3b\u518a\u6703\u54e1\u5f8c\u9084\u80fd\u514d\u8cbb\u9810\u7d04\u4f60\u5c08\u5c6c\u7684\u8ca1\u52d9\u9867\u554f\u9032\u884c\u8aee\u8a62\u3002<\/p>\n\n\n\n<p>\u5fc3\u52d5\u4e0d\u5982\u884c\u52d5\uff0c\u9ede\u64ca\u4e0b\u65b9\u9023\u7d50\uff0c\u8b93\u4eca\u5929\u7684\u6295\u8cc7\u66f4\u8f15\u9b06\uff0c\u660e\u5929\u7684\u751f\u6d3b\u66f4\u7f8e\u597d\uff01<\/p>\n\n\n\n<div class=\"wp-block-buttons is-content-justification-center is-layout-flex wp-container-core-buttons-is-layout-a89b3969 wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button aligncenter is-style-fill\"><a class=\"wp-block-button__link has-vivid-green-cyan-background-color has-background has-medium-font-size has-custom-font-size wp-element-button\" href=\"https:\/\/roboadvisor.com.tw\/ChooseLogin.html?Camp=Blog&amp;utm_source=blog&amp;utm_medium=article&amp;utm_campaign=addline\" style=\"border-radius:33px;padding-top:var(--wp--preset--spacing--20);padding-right:var(--wp--preset--spacing--20);padding-bottom:var(--wp--preset--spacing--20);padding-left:var(--wp--preset--spacing--20)\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>\u52a0\u5165\u963f\u723e\u767c\u5b98\u65b9 Line \u514d\u8cbb\u9810\u7d04\u6295\u8cc7\u9867\u554f\uff01<\/strong><\/a><\/div>\n<\/div>\n\n\n\n<figure class=\"wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio\"><div class=\"wp-block-embed__wrapper\">\n<iframe loading=\"lazy\" title=\"\u963f\u723e\u767c\u6a5f\u5668\u4eba\u7406\u8ca1\uff5c\u4e94\u5927\u7279\u8272\" width=\"1290\" height=\"726\" src=\"https:\/\/www.youtube.com\/embed\/uolAIt0a2Bk?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe>\n<\/div><\/figure>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>2025\u5e744\u6708\uff0c\u7f8e\u570b\u7e3d\u7d71\u5ddd\u666e\u518d\u6b21\u5c07\u77db\u982d\u6307\u5411\u806f\u6e96\u6703\u4e3b\u5e2d\u5091\u7f85\u59c6\u00b7\u9b91\u723e\uff08Jerome Powell\uff09\u3002\u4ed6\u57284\u670821\u65e5 [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":13820,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[28,10],"tags":[],"class_list":["post-13819","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-28","category-10"],"blocksy_meta":[],"_links":{"self":[{"href":"https:\/\/blog.roboadvisor.com.tw\/index.php?rest_route=\/wp\/v2\/posts\/13819","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blog.roboadvisor.com.tw\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.roboadvisor.com.tw\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.roboadvisor.com.tw\/index.php?rest_route=\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.roboadvisor.com.tw\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=13819"}],"version-history":[{"count":16,"href":"https:\/\/blog.roboadvisor.com.tw\/index.php?rest_route=\/wp\/v2\/posts\/13819\/revisions"}],"predecessor-version":[{"id":13884,"href":"https:\/\/blog.roboadvisor.com.tw\/index.php?rest_route=\/wp\/v2\/posts\/13819\/revisions\/13884"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blog.roboadvisor.com.tw\/index.php?rest_route=\/wp\/v2\/media\/13820"}],"wp:attachment":[{"href":"https:\/\/blog.roboadvisor.com.tw\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=13819"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.roboadvisor.com.tw\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=13819"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.roboadvisor.com.tw\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=13819"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}