?????9?????????20?????????????????????(?????? ????????????)4???!????50?????????????????????!

??18?????????????,???????,?50???????,?????????????????4.75%???5.00%?????????????2020??????3?????????,???????????????

???,???????????????????????????????????????????

4?????????????????

????????????????“?????????”?

????2022??????3?2023???????7?????,????,?????11??,??525??????????????,????????,?5.25%???????????????????5.5%????,??????23??????????????????

??:???????????????????????????? ???? ?????????

“???!”8????23??,?????????????????,?????????????9???????????

????,???????,???????:

?,??????,??(CPI)??????(PCE)??????????2022?????????3%??,????????2%????????“??”;

???????,????“??????????????????????????”,????,??,???????“?????????????”,???????????????

“???‘???’,”???????????????????????,“?????????????????????,???????????????????50???????????,???????????????,???”

?????,?????????????2022?????????????????????????3????????????,?????,????????,???????????,?????????

“???????????,??????????,?????????????????????,?????????????????”?????????????

??????

??

“??????????????50???????,????!??????????????,??????”???????????????????9????????????18????????

??(CNBC)????????????,??,??????????????????,????50?????????????????????????????????,????????????,????

????????:???????

“???,??????????,???”??????????,?????????????,??,???????????????????????

???,????????????????????2025???,????????????“??”????????,???,???????,?????????,???,“?”?

??????????????????,?????????,??????????????????????????????????“?????”?“??????????????”???????????????“???????”?????????????,??????????,???????????

“??,??????,????”??????????

“???????????,???25???????????????????????????50???,?????,”???????????«??»?????18?????????,“??????,?????????????????????”

???????«?????»19??????,????????????,???????,????????????????FT-?,??????

???????“????”

????

?,???,????????????,???????????????????????

?“??????????????????????”??????????????????

??:?????????????

??????????????,??????????????????,????????????,???????????,????

“???????????,?????????,??????”?????

???,?,????,???????,????????,??

??????????,????????????????,?,????????“???”????????????????,??:?,????????

“????????????,?????????,??,?????????”??????????????(????????)

???????:????? “??????????”_????

?? ???????:?????????? ?????

????:1???????????:??????????

2???????

3???????

4???????

5???????

?????9?????????20?????????????????????(?????? ????????????)4???!????50?????????????????????!

??18?????????????,???????,?50???????,?????????????????4.75%???5.00%?????????????2020??????3?????????,???????????????

???,???????????????????????????????????????????

4?????????????????

????????????????“?????????”?

????2022??????3?2023???????7?????,????,?????11??,??525??????????????,????????,?5.25%???????????????????5.5%????,??????23??????????????????

??:???????????????????????????? ???? ?????????

“???!”8????23??,?????????????????,?????????????9???????????

????,???????,???????:

?,??????,??(CPI)??????(PCE)??????????2022?????????3%??,????????2%????????“??”;

???????,????“??????????????????????????”,????,??,???????“?????????????”,???????????????

“???‘???’,”???????????????????????,“?????????????????????,???????????????????50???????????,???????????????,???”

?????,?????????????2022?????????????????????????3????????????,?????,????????,???????????,?????????

“???????????,??????????,?????????????????????,?????????????????”?????????????

??????

??

“??????????????50???????,????!??????????????,??????”???????????????????9????????????18????????

??(CNBC)????????????,??,??????????????????,????50?????????????????????????????????,????????????,????

????????:???????

“???,??????????,???”??????????,?????????????,??,???????????????????????

???,????????????????????2025???,????????????“??”????????,???,???????,?????????,???,“?”?

??????????????????,?????????,??????????????????????????????????“?????”?“??????????????”???????????????“???????”?????????????,??????????,???????????

“??,??????,????”??????????

“???????????,???25???????????????????????????50???,?????,”???????????«??»?????18?????????,“??????,?????????????????????”

???????«?????»19??????,????????????,???????,????????????????FT-?,??????

???????“????”

????

?,???,????????????,???????????????????????

?“??????????????????????”??????????????????

??:?????????????

??????????????,??????????????????,????????????,???????????,????

“???????????,?????????,??????”?????

???,?,????,???????,????????,??

??????????,????????????????,?,????????“???”????????????????,??:?,????????

“????????????,?????????,??,?????????”??????????????(????????)

???????:?????