Wind万🏡(wan)得📄(de) 　　美😪(mei)联📂(lian)储🌃(chu)官⛸(guan)员🌡(yuan)公🚭(gong)开🗃(kai)讲🎮(jiang)话🛒(hua)认🍁(ren)为🈁(wei)，预😅(yu)计🥩(ji)在🎑(zai)2026年🐤(nian)才🐔(cai)有🗂(you)可👷(ke)能🌉(neng)实🧛(shi)现🥠(xian)2%的😬(de)通♎(tong)胀🐺(zhang)目🆚(mu)标♊(biao)
事😊(shi)实🏵(shi)上🕕(shang)，美🎠(mei)联🚕(lian)储👠(chu)的🥓(de)内🕊(nei)部🚇(bu)研🤭(yan)究🔉(jiu)认🚝(ren)为🈷(wei)，通🕙(tong)胀😒(zhang)目✡(mu)标🤖(biao)并🍛(bing)没🐤(mei)有💼(you)那🦈(na)么🗃(me)容👮(rong)易🎶(yi)实🍩(shi)现♿(xian)。 　　克🚄(ke)利⛷(li)夫💥(fu)兰🌽(lan)联💥(lian)储🔕(chu)的🏐(de)高🔞(gao)级🚒(ji)研🍘(yan)究🔒(jiu)经🕑(jing)济🍌(ji)学🍀(xue)家🤐(jia)Randal Verbruge警🏩(jing)告🎯(gao)称🎅(cheng)，实💊(shi)际🌱(ji)上🏂(shang)可😧(ke)能🍰(neng)需💐(xu)要🗃(yao)几🌋(ji)年🌹(nian)时🎏(shi)间🛍(jian)才🌘(cai)能👔(neng)达🥙(da)到🌔(dao)2%的💷(de)通🤗(tong)胀⬅(zhang)目🉐(mu)标😚(biao)。他😼(ta)提😧(ti)出🤷(chu)的🚱(de)模🤰(mo)型🤨(xing)显🕙(xian)示🎍(shi)，到🕛(dao)2025年🛋(nian)第🃏(di)二🔜(er)季🤮(ji)度🔻(du)，通👃(tong)胀🐲(zhang)率🥐(lv)仍💧(reng)将🦐(jiang)高💊(gao)于😝(yu)2.7%，到❔(dao)20027年🕞(nian)年⛰(nian)中✅(zhong)，美🦖(mei)国👈(guo)的🍢(de)通🏼(tong)胀📂(zhang)率🚗(lv)将🐻(jiang)接🚕(jie)近⬅(jin)但🌥(dan)仍👡(reng)略✏(lve)高🕖(gao)于🌏(yu)2%。 　　本👜(ben)周🚂(zhou)五🗨(wu)将🕴(jiang)公😵(gong)布🌊(bu)美🔶(mei)联🤨(lian)储🌕(chu)最🛥(zui)重🎭(zhong)视🔻(shi)的🦍(de)通🐆(tong)胀😌(zhang)指🐺(zhi)标🌭(biao)PCE，有🕯(you)可🥄(ke)能🔩(neng)加💶(jia)强🤭(qiang)或🙌(huo)改🥨(gai)变🚰(bian)目🕳(mu)前😊(qian)对💈(dui)美🗂(mei)联🛶(lian)储👥(chu)将📸(jiang)于🙃(yu)9月🐧(yue)首👞(shou)次🌩(ci)降📪(jiang)息😻(xi)的🚇(de)预💤(yu)期🆘(qi)。经💒(jing)济😘(ji)学🎣(xue)家🈳(jia)的🍘(de)中🈳(zhong)值🚝(zhi)估🍑(gu)计👓(ji)是🏏(shi)，即🥐(ji)将🐿(jiang)公🌫(gong)布👪(bu)的🔷(de)5月👑(yue)PCE，将🎋(jiang)从🐲(cong)4月📂(yue)份🔩(fen)的🎟(de)2.7%降🏦(jiang)至🈹(zhi)2.6%，而♒(er)核🏧(he)心🌩(xin)PCE 将🎣(jiang)从🌡(cong)2.8%降💁(jiang)至📌(zhi)2.6%。 　　Randal Verbruge 进🐢(jin)一🌍(yi)步🐕(bu)阐🚒(chan)述🔲(shu)了😭(le)他⛩(ta)的🎃(de)观🙆(guan)点🧓(dian)，即🍞(ji)为🤙(wei)什🔖(shen)么🏘(me)“最🌲(zui)后🎤(hou)半🉐(ban)英🗺(ying)里🤧(li)”的👧(de)通🆗(tong)货🦇(huo)膨😾(peng)胀🆗(zhang)会⏹(hui)被🏝(bei)证🐰(zheng)明🙋(ming)是🤲(shi)如🔡(ru)此💹(ci)顽👮(wan)固🔨(gu)。他🛍(ta)指⛅(zhi)出🌹(chu)，三💘(san)大🧙(da)因💄(yin)素💂(su)于⏲(yu)推🐫(tui)动💤(dong)通🥘(tong)货🌩(huo)膨🧟(peng)胀💂(zhang)的🖼(de)力🧙(li)量🛌(liang)：经📨(jing)济🕉(ji)衰🥕(shuai)退🕚(tui)、经🙆(jing)济🐊(ji)过🌥(guo)热👨(re)和✝(he)供⛱(gong)应🥙(ying)链🎱(lian)压⏰(ya)力🎆(li)。在🤱(zai)没👸(mei)有🔜(you)任🏐(ren)何☝(he)这🚅(zhe)些⚾(xie)力🚀(li)量⛩(liang)的➿(de)情🚺(qing)况🌡(kuang)下🔩(xia)，通🚖(tong)货🧔(huo)膨🍚(peng)胀✂(zhang)通🌚(tong)常📷(chang)具🗄(ju)有🤒(you)持🐉(chi)久🏵(jiu)的🚕(de)“内📝(nei)在🏼(zai)”特🌮(te)性🤷(xing)，这⏬(zhe)些📡(xie)特🧚(te)性🌝(xing)往😹(wang)往🏵(wang)会🥪(hui)使💨(shi)其🎵(qi)在🚨(zai)不⏰(bu)被🅱(bei)推🔤(tui)动😤(dong)的🍞(de)情🚎(qing)况😬(kuang)下👷(xia)缓🚰(huan)慢🤡(man)地🚂(di)向⛅(xiang)2%迈😒(mai)进🏻(jin)。 　　Randal Verbruge 创🏘(chuang)建🚑(jian)了🔌(le)一💒(yi)个🔊(ge)模🌹(mo)型🌃(xing)，描📞(miao)述🐫(shu)了💙(le)导🕗(dao)致🐅(zhi)通🔴(tong)货🌎(huo)膨🐩(peng)胀🕘(zhang)的🍭(de)所📚(suo)有🚱(you)因😽(yin)素❌(su)。其🈳(qi)中⚓(zhong)一🐜(yi)种🥉(zhong)力🚿(li)量⛓(liang)是🙊(shi)预🙃(yu)期🌴(qi)通📙(tong)货👣(huo)膨🍵(peng)胀🐲(zhang)，或🔂(huo)者🌊(zhe)人🎂(ren)们😪(men)对🌼(dui)未💱(wei)来🈸(lai)一🐎(yi)年🐎(nian)或🌻(huo)几🎭(ji)年😬(nian)通🍻(tong)货🤓(huo)膨🐧(peng)胀🧡(zhang)的📯(de)看🚂(kan)法⛺(fa)。第🆓(di)二Ⓜ(er)个👫(ge)因❌(yin)素📯(su)是🕵(shi)最🐓(zui)近🎄(jin)的🍗(de)通🕕(tong)货🔮(huo)膨👯(peng)胀🐾(zhang)，这🔪(zhe)对📢(dui)那💵(na)些🔤(xie)没💿(mei)有🐻(you)机🎇(ji)会🕳(hui)调📬(tiao)整📔(zheng)价🎗(jia)格📇(ge)和✒(he)弥🐌(mi)补⌚(bu)被📅(bei)挤🦋(ji)压🌓(ya)的🐡(de)利🙊(li)润😿(run)的⏳(de)企🥍(qi)业🥌(ye)来🎊(lai)说🥒(shuo)尤🚧(you)其🤾(qi)重⛷(zhong)要🌊(yao)。第👆(di)三🍦(san)组👒(zu)因🌦(yin)素🤨(su)是💣(shi)外✡(wai)部🎆(bu)因😣(yin)素🚡(su)，如🏗(ru)经🧙(jing)济📪(ji)衰👚(shuai)退😾(tui)、经🐍(jing)济❔(ji)过🌀(guo)热💫(re)或🏌(huo)供💡(gong)应❤(ying)链🚢(lian)中🔺(zhong)断😗(duan)。第🤟(di)四🎎(si)个🥤(ge)因🎗(yin)素🏅(su)是👐(shi)“一🚸(yi)次🕤(ci)性🧥(xing)”冲⛑(chong)击🙂(ji)，可🌝(ke)能🏍(neng)包🦌(bao)括🤞(kuo)天🏜(tian)然🈺(ran)气👚(qi)价😁(jia)格🎶(ge)的🐄(de)突😴(tu)然🌓(ran)上🎉(shang)涨💶(zhang)或🥙(huo)下👄(xia)跌🥊(die)。 　　克💓(ke)利🌃(li)夫🚩(fu)兰🤯(lan)联📸(lian)储🏞(chu)是⤵(shi)全🕉(quan)国🕸(guo)12家👎(jia)地🍻(di)区🦕(qu)性🏹(xing)联🤺(lian)储📸(chu)之🌠(zhi)一📐(yi)，也⛔(ye)是📜(shi)通🛳(tong)货🎻(huo)膨🤠(peng)胀🐰(zhang)研👾(yan)究🈯(jiu)中📡(zhong)心♊(xin)的🍳(de)所㊗(suo)在💱(zai)地🕹(di)，由🌇(you)今🙈(jin)年🐟(nian)联🤤(lian)邦📯(bang)公🤺(gong)开✍(kai)市🏴(shi)场🏭(chang)委🔼(wei)员🐣(yuan)会🥘(hui)的🎼(de)投🥙(tou)票🍁(piao)成🚟(cheng)员🦈(yuan)Loretta Mester领🚭(ling)导🚷(dao)，她🏃(ta)将🤡(jiang)于🏕(yu)本🌽(ben)月🏅(yue)底♎(di)退♊(tui)休🛣(xiu)Loretta Mestertong 🌻(tong)chang 📣(chang)bei 🔺(bei)shi 🚐(shi)wei 🐴(wei)ying 👱(ying)pai 🧕(pai)zheng ⬜(zheng)ce 💎(ce)zhi 📪(zhi)ding 😎(ding)zhe 🥊(zhe)，zai 🌎(zai)ben 🐨(ben)yue 🚭(yue)zao 🏂(zao)xie 🔑(xie)shi 🗣(shi)hou 🐿(hou)biao 🏣(biao)shi 😭(shi)，mei 🤪(mei)lian 💀(lian)chu 🎒(chu)zai 🏿(zai)jiang 🏇(jiang)xi 🕓(xi)zhi 🔻(zhi)qian 🧒(qian)xu 😼(xu)yao 🛂(yao)kan 😧(kan)dao 🏗(dao)jin 📳(jin)yi 👰(yi)bu 🚵(bu)de 👁(de)di 👼(di)tong 📓(tong)zhang ⛱(zhang)shu 🍩(shu)ju 🆘(ju)。 　　jin ⛄(jin)nian 🌞(nian)yi ✴(yi)lai 🏌(lai)，ding 🦁(ding)ji 🙍(ji)fen 🕷(fen)xi 🍞(xi)shi 🌓(shi)de 🏫(de)pu 🕍(pu)bian 💦(bian)yu 🐤(yu)ce 🥤(ce)shi 🎄(shi)，2025nian 🎪(nian)PCEtong 🤞(tong)zhang ⛓(zhang)lv 🦁(lv)jiang 👙(jiang)jie 💗(jie)jin 🌔(jin)2%，bi 🗑(bi)Randal Verbruge de 🗒(de)mo 🆘(mo)xing 🌌(xing)xian 🔷(xian)shi 🧠(shi)de 🔥(de)yao 🔧(yao)kuai 🥘(kuai)。Randal Verbruge dui 🏸(dui)ci 🗯(ci)biao 🌷(biao)shi 🗿(shi)，“dang 🤩(dang)ran ♿(ran)，wo 👫(wo)ke ⚾(ke)neng 📡(neng)cuo 📩(cuo)le 🏰(le)。mei 🍸(mei)you 🥁(you)yi 🍹(yi)ge 📬(ge)mo 📥(mo)xing 💔(xing)shi 🕵(shi)wan ✏(wan)mei 👦(mei)de 🐴(de)。dan 🌩(dan)zhe 🔞(zhe)ge 💇(ge)mo ㊗(mo)xing 💹(xing)biao 🍃(biao)ming 🔦(ming)，ren 🔛(ren)you 🚨(you)tong 🚺(tong)zhang 🍒(zhang)zi 🏞(zi)xing 😮(xing)jue 🔈(jue)ding 🍚(ding)，tong 🍝(tong)zhang 📄(zhang)lv 🔞(lv)bu ⏱(bu)hui 🤾(hui)hen 🌥(hen)kuai 🏡(kuai)shang 💃(shang)sheng 🏩(sheng)dao ⛏(dao)2%。” 　　Randal Verbruge cheng 🔤(cheng)，huo 🤫(huo)peng 🅾(peng)zhang 🏿(zhang)de 💶(de)nei 😩(nei)zai 🤹(zai)chi 💀(chi)jiu 🙎(jiu)xing 🦂(xing)，shi 🖊(shi)ji 😧(ji)yu 🧕(yu)ren 🚀(ren)men 👒(men)dui 🥋(dui)wei 🎑(wei)lai 🕛(lai)de 🕟(de)yu 🔳(yu)qi 📺(qi)yi 👝(yi)ji 🤫(ji)jing ⚪(jing)ji 👑(ji)zhong ㊙(zhong)jia ♈(jia)ge 😂(ge)de 🔳(de)she 🗃(she)ding 🎱(ding)。ta 🏙(ta)ti 🕥(ti)chu 💕(chu)le 🌒(le)qi 🚦(qi)ye 🔐(ye)ji 🚫(ji)shi 🏻(shi)zai 📱(zai)yu 📻(yu)qi ⛺(qi)tong 🚀(tong)zhang 🔓(zhang)xia 🥘(xia)jiang 🌑(jiang)de 🔷(de)shi 📥(shi)hou 🔋(hou)，ye 🚥(ye)ke 🖋(ke)yi 💼(yi)ji 🗂(ji)xu 😶(xu)ti 💨(ti)gao 🛤(gao)jia 🆑(jia)ge 💇(ge)de 🆎(de)lun 👽(lun)dian 🐜(dian)。gong 🏍(gong)zi 🕺(zi)shi 🍢(shi)qi 🧡(qi)zhong ❗(zhong)de 🏍(de)yi 📷(yi)bu 📖(bu)fen 😜(fen)。ru 🚼(ru)guo 🐱(guo)tu 🔤(tu)ran 🛒(ran)bu 🍞(bu)de 🤴(de)bu 🥍(bu)zhi 🕘(zhi)fu 🍂(fu)gao 🏊(gao)de 🔎(de)duo 🤽(duo)de 🔵(de)gong 🤙(gong)zi 🕓(zi)，zhe 🦈(zhe)hui 🥫(hui)xue ⌛(xue)jian 🈸(jian)li 🎶(li)run 🎣(run)，qi 🚺(qi)ye 💇(ye)ke 💆(ke)neng 💙(neng)hui 🌖(hui)shi 💽(shi)tu 📼(tu)ti 🅰(ti)gao 🥋(gao)jia 🍑(jia)ge 🔩(ge)。 　　li 🍧(li)shi 😇(shi)zheng 🤙(zheng)ming 🥝(ming)le 🏊(le)zhe 👥(zhe)yi 🥌(yi)dian 🥗(dian)，you ♐(you)qi 🛡(qi)shi 👀(shi)cong 🔴(cong)2012nian 📯(nian)dao 🌭(dao)2019nian 🌥(nian)，dang 🎢(dang)shi 🛠(shi)12ge 👡(ge)yue 😙(yue)de 🎰(de)ping 🥉(ping)jun 😑(jun)ge 🔕(ge)ren 🎊(ren)xiao 😳(xiao)fei 🐀(fei)zhi ⛩(zhi)chu ⛹(chu)tong 🔺(tong)zhang 🖍(zhang)lv 🐜(lv)jin 🥜(jin)shang 🎋(shang)sheng 💶(sheng)le 🤢(le)0.5%，da 🎴(da)yue ⏮(yue)yong 😱(yong)le 🌩(le)liu 🏨(liu)nian 👼(nian)shi 👺(shi)jian 🐵(jian)。ti 🥕(ti)chu 🏌(chu)mei 🚒(mei)yue ❓(yue)zeng 🌨(zeng)chang ❌(chang)zui 🧘(zui)kuai 🚵(kuai)he 🎼(he)zui 📮(zui)man 🤜(man)de ⚪(de)bu 😀(bu)fen 👀(fen)hou 🔢(hou)，tiao 🦑(tiao)hou 🌦(hou)ping 🎐(ping)jun 🗞(jun)zhi 🛹(zhi)shi 🏃(shi)heng 🛥(heng)liang 💁(liang)he ⛑(he)xin ✋(xin)tong 🚯(tong)zhang 🕷(zhang)de ♒(de)ling 🎩(ling)yi 🎭(yi)zhong 🔣(zhong)fang 🍢(fang)shi 📣(shi)。 　　Randal Verbrugecheng 🈁(cheng)：“tong 😸(tong)huo 🏁(huo)peng 📢(peng)zhang 🗓(zhang)bu 🌼(bu)hui 🚗(hui)hen 🥍(hen)kuai 🐅(kuai)hui 🍾(hui)luo 🤢(luo)dao ⚫(dao)2%，chu 🤾(chu)fei 🚲(fei)ta 🔺(ta)shi 🤢(shi)you 🥖(you)mou 💘(mou)zhong 🥄(zhong)wai 📒(wai)bu 🏍(bu)li 🎄(li)liang 🏻(liang)，huo 😖(huo)mou 🌑(mou)zhong ⬜(zhong)chao 🥜(chao)chu 🦊(chu)zheng 💆(zheng)chang 🌜(chang)fan 🤐(fan)wei 🐤(wei)de 🙅(de)nei 😶(nei)zai 🚸(zai)li 🈷(li)liang 🌧(liang)tui 📇(tui)dong 🌱(dong)de 🦋(de)。wo 🌂(wo)de 📳(de)mo 🎪(mo)xing 🌫(xing)xian 🧡(xian)shi 😓(shi)，tong 📖(tong)zhang 🌘(zhang)hui 🔋(hui)jian ❔(jian)nan 🚟(nan)di 🎁(di)suo 💃(suo)hui 🏆(hui)dao 🍫(dao)2%。” 　　Randal Verbruge de 🛩(de)mo 🆘(mo)xing ✔(xing)biao 🕞(biao)ming 💞(ming)，“ru 🥗(ru)guo 🛷(guo)gong 🚎(gong)ying ♈(ying)lian 🚱(lian)de 💟(de)gai 👀(gai)shan 👐(shan)bu 🚊(bu)zai 🕛(zai)jin 🎣(jin)yi 🐤(yi)bu ➖(bu)jiang 💐(jiang)di 🔰(di)tong ✍(tong)zhang ⛲(zhang)，na 🚒(na)me 🕧(me)wei 🔭(wei)yi 🥁(yi)hui 🍻(hui)gei 🎙(gei)dai ⏪(dai)lai 🏍(lai)xia 🤼(xia)xing 🎰(xing)ya 🧢(ya)li 🍧(li)de 🤝(de)yin 💩(yin)su 📛(su)jiu ⛷(jiu)shi 🧐(shi)jing 🚠(jing)ji 🕵(ji)shuai 💷(shuai)tui 🏯(tui)。ru 🏤(ru)guo 🈵(guo)mei 👔(mei)you 🐢(you)jing 🌴(jing)ji 🙈(ji)shuai 🥑(shuai)tui 😖(tui)，na 🐻(na)jiu 🖍(jiu)yao 🐛(yao)you 🧞(you)nai ❄(nai)xin 🐰(xin)，yin 🌲(yin)wei 🛂(wei)zhe 🤹(zhe)xu 🖕(xu)yao 🤷(yao)yi 🕣(yi)duan 🙏(duan)shi 🔆(shi)jian 🐨(jian)。”