{"id":469,"date":"2026-01-09T19:37:16","date_gmt":"2026-01-09T11:37:16","guid":{"rendered":"https:\/\/www.yqcsfz.com\/?p=469"},"modified":"2026-01-09T19:37:16","modified_gmt":"2026-01-09T11:37:16","slug":"%e7%be%8e%e4%bc%8a%e5%bc%80%e6%88%98%e5%b0%86%e5%88%a9%e5%a4%9a%e6%af%94%e7%89%b9%e5%b8%81%ef%bc%81arthur-hayes%ef%bc%9a%e9%9d%99%e5%be%85-fed-%e9%99%8d%e6%81%af%e3%80%81%e9%87%8d%e5%90%af%e5%8d%b0","status":"publish","type":"post","link":"https:\/\/www.manwah.net\/?p=469","title":{"rendered":"\u7f8e\u4f0a\u5f00\u6218\u5c06\u5229\u591a\u6bd4\u7279\u5e01\uff01Arthur Hayes\uff1a\u9759\u5f85 Fed \u964d\u606f\u3001\u91cd\u542f\u5370\u949e\u673a"},"content":{"rendered":"<div class=\"thumbnail-container animate-lazy\"><img loading=\"lazy\" decoding=\"async\" width=\"750\" height=\"375\" class=\"attachment-jnews-750x375 size-jnews-750x375 lazyload wp-post-image\" alt=\"\u7f8e\u56fd\u300c\u7a33\u5b9a\u5e01\u6218\u7565\u300d\u52a9\u653b\uff01Arthur Hayes \u770b\u597d\u300c\u52a0\u5bc6\u725b\u5e02\u300d\u72c2\u6b22\u5230 2028 \u5e74\" src=\"https:\/\/blockcast.it\/wp-content\/uploads\/2025\/08\/dbcc444ec6775efc439480e42d9a53616e1ba093-4732x3154-1-750x375.jpeg\" data-srcset=\"https:\/\/blockcast.it\/wp-content\/uploads\/2025\/08\/dbcc444ec6775efc439480e42d9a53616e1ba093-4732x3154-1-750x375.jpeg 750w, https:\/\/blockcast.it\/wp-content\/uploads\/2025\/08\/dbcc444ec6775efc439480e42d9a53616e1ba093-4732x3154-1-360x180.jpeg 360w, https:\/\/blockcast.it\/wp-content\/uploads\/2025\/08\/dbcc444ec6775efc439480e42d9a53616e1ba093-4732x3154-1-1140x570.jpeg 1140w\" data-sizes=\"auto\" data-expand=\"700\" title=\"\u7f8e\u4f0a\u5f00\u6218\u5c06\u5229\u591a\u6bd4\u7279\u5e01\uff01Arthur Hayes\uff1a\u9759\u5f85 Fed \u964d\u606f\u3001\u91cd\u542f\u5370\u949e\u673a\u63d2\u56fe\" \/><\/div>\n<\/div>\n<div class=\"entry-content no-share\">\n<div class=\"jeg_share_button share-float jeg_sticky_share clearfix share-monocrhome\">\n<div class=\"jeg_share_float_container\"><\/div>\n<\/p><\/div>\n<div class=\"content-inner \">\n<p>\u7f8e\u4ee5\u8054\u519b\u8f70\u70b8\u4f0a\u6717\u3001\u4e2d\u4e1c\u6218\u706b\u518d\u8d77\uff0c\u5168\u7403\u91d1\u878d\u5e02\u573a\u907f\u9669\u60c5\u7eea\u5347\u6e29\u4e4b\u9645\uff0cBitMEX \u5171\u540c\u521b\u529e\u4eba Arthur Hayes \u53d1\u8868\u6700\u65b0\u4e13\u6587\u6307\u51fa\uff0c\u82e5\u7f8e\u4f0a\u51b2\u7a81\u6f14\u53d8\u6210\u6301\u4e45\u6218\uff0c\u8054\u51c6\u4f1a\uff08Fed\uff09\u4e3a\u7f13\u89e3\u7ecf\u6d4e\u4e0e\u8d22\u653f\u538b\u529b\uff0c\u52bf\u5fc5\u4f1a\u91cd\u542f\u964d\u606f\u751a\u81f3\u6269\u5927\u5370\u949e\uff0c\u8fdb\u800c\u52a9\u653b\u6bd4\u7279\u5e01\u91cd\u62fe\u5347\u52bf\u3002<\/p>\n<p>Arthur Hayes \u7684\u8bba\u70b9\u5efa\u7acb\u5728\u8de8\u8d8a 40 \u5e74\u7684\u300c\u94c1\u5f8b\u300d\u4e4b\u4e0a\uff1a\u81ea 1985 \u5e74\u4ee5\u6765\uff0c\u6bcf\u9022\u7f8e\u56fd\u5bf9\u4e2d\u4e1c\u56fd\u5bb6\u53d1\u52a8\u91cd\u5927\u519b\u4e8b\u884c\u52a8\uff0c\u8054\u51c6\u4f1a\uff08Fed\uff09\u968f\u540e\u5fc5\u7136\u4f1a\u91c7\u53d6\u5bbd\u677e\u653f\u7b56\uff0c\u4ed6\u9884\u671f\uff0c\u8fd9\u6b21\u4f0a\u6717\u6218\u4e89\u4e5f\u4e0d\u4f1a\u4f8b\u5916\u3002<\/p>\n<p>\u5728\u9898\u4e3a\u300aiOS Warfare\u300b\u7684\u6587\u7ae0\u4e2d\uff0cArthur Hayes \u4ee5\u5386\u53f2\u4e3a\u8109\u7edc\uff0c\u68b3\u7406\u7f8e\u56fd\u4e2d\u4e1c\u519b\u4e8b\u884c\u52a8\u4e0e Fed \u8d27\u5e01\u653f\u7b56\u8d70\u5411\u4e4b\u95f4\u7684\u5fae\u5999\u5173\u8054\u3002\u4ed6\u6307\u51fa\uff0c\u81ea 1985 \u5e74\u4ee5\u6765\uff0c\u5386\u4efb\u7f8e\u56fd\u603b\u7edf\u51e0\u4e4e\u90fd\u66fe\u5bf9\u4e2d\u4e1c\u56fd\u5bb6\u53d1\u52a8\u98de\u5f39\u653b\u51fb\u6216\u5168\u9762\u6218\u4e89\uff0c\u800c Fed \u5f80\u5f80\u90fd\u4f1a\u9009\u62e9\u964d\u606f\u56e0\u5e94\u3002<\/p>\n<ul>\n<li><strong>1990 \u5e74\u6ce2\u65af\u6e7e\u6218\u4e89\uff1a<\/strong>\u5728\u8001\u5e03\u5e0c\uff08George H.W. Bush\uff09\u603b\u7edf\u4efb\u5185\u7206\u53d1\u7684\u6ce2\u65af\u6e7e\u6218\u4e89\u671f\u95f4\uff0c\u5c3d\u7ba1 Fed \u521d\u671f\u7ef4\u6301\u5229\u7387\u4e0d\u52a8\uff0c\u5374\u4e5f\u6697\u793a\u82e5\u6218\u4e8b\u62c9\u957f\u5c06\u8f6c\u5411\u5bbd\u677e\u3002\u968f\u540e\u5728\u540c\u5e74 11 \u6708\u4e0e 12 \u6708\uff0c\u5373\u4fbf\u5f53\u65f6\u9762\u4e34\u6cb9\u4ef7\u98d9\u6da8\u5e26\u6765\u7684\u901a\u81a8\u538b\u529b\uff0c\u8054\u51c6\u4f1a\u4ecd\u679c\u65ad\u964d\u606f\u3002<\/li>\n<li><strong>2001 \u5e74 911 \u4e8b\u4ef6\uff1a<\/strong> \u7f8e\u56fd\u906d\u53d7\u53f2\u4e0a\u6700\u4e25\u91cd\u7684\u6050\u6016\u88ad\u51fb\uff0c\u65f6\u4efb Fed \u4e3b\u5e2d Alan Greenspan \u7d27\u6025\u964d\u606f 2 \u7801\uff0c\u7406\u7531\u662f\u8d44\u4ea7\u4ef7\u683c\u627f\u538b\u3001\u5fc5\u987b\u4fee\u590d\u5e02\u573a\u4fe1\u5fc3\u3002\u968f\u540e\u7206\u53d1\u7684\u963f\u5bcc\u6c57\u4e0e\u4f0a\u62c9\u514b\u6218\u4e89\uff0c\u4e5f\u4f34\u968f\u8457\u957f\u65f6\u95f4\u7684\u8d27\u5e01\u5bbd\u677e\u5468\u671f\u3002<\/li>\n<li><strong>2009 \u5e74\u963f\u5bcc\u6c57\u589e\u5175\uff1a<\/strong>\u81f3 2009 \u5e74\uff0c\u6b27\u5df4\u9a6c\u653f\u5e9c\u5ba3\u5e03\u5bf9\u963f\u5bcc\u6c57\u589e\u5175\u65f6\uff0cFed \u5229\u7387\u5df2\u964d\u81f3\u96f6\uff0c\u5e76\u542f\u52a8\u91cf\u5316\u5bbd\u677e\uff08QE\uff09\uff0c\u4e3a\u6218\u4e8b\u4e0e\u7ecf\u6d4e\u63d0\u4f9b\u8d44\u91d1\u540e\u76fe\u3002<\/li>\n<\/ul>\n<p>\u8c08\u53ca\u73b0\u51b5\uff0cArthur Hayes \u8ba4\u4e3a\uff0c\u5ddd\u666e\uff08Donald Trump\uff09\u652f\u6301\u63a8\u7ffb\u4f0a\u6717\u5f3a\u786c\u6d3e\u653f\u6743\uff0c\u8fd9\u5ef6\u7eed\u4e86\u7f8e\u56fd\u4e24\u515a\u81ea 1979 \u5e74\u4ee5\u6765\u7684\u5171\u540c\u76ee\u6807\uff0c\u4e5f\u7ed9\u4e86\u8054\u51c6\u4f1a\u7edd\u4f73\u7684\u300c\u653f\u6cbb\u63a9\u62a4\u300d\u2014\u2014 \u4ee5\u652f\u6301\u519b\u4e8b\u884c\u52a8\u4e0e\u7ef4\u62a4\u56fd\u5bb6\u5b89\u5168\u4e3a\u540d\uff0c\u884c\u8d27\u5e01\u5bbd\u677e\u4e4b\u5b9e\uff0c\u4e3a\u5e9e\u5927\u7684\u6218\u4e89\u652f\u51fa\u63d0\u4f9b\u5ec9\u4ef7\u8d44\u91d1\u3002<\/p>\n<p>Arthur Hayes \u66f4\u5f15\u7528\u6570\u636e\u6307\u51fa\uff0c\u81ea 1985 \u5e74\u4ee5\u6765\uff0c\u7f8e\u56fd\u8054\u90a6\u9884\u7b97\u4e2d\u62e8\u7ed9\u9000\u4f0d\u519b\u4eba\u4e8b\u52a1\u90e8\uff08VA\uff09\u7684\u6bd4\u4f8b\uff0c\u589e\u901f\u662f\u6574\u4f53\u8054\u90a6\u652f\u51fa\u7684\u4e24\u500d\u4e4b\u591a\uff0c\u800c\u8fd9\u4e0e\u5927\u6218\u540e\u6709\u6548\u8054\u90a6\u57fa\u91d1\u5229\u7387\uff08Effective Fed Funds Rate\uff09\u6301\u7eed\u4e0b\u6ed1\u7684\u8d8b\u52bf\u5b8c\u5168\u543b\u5408\u3002\u5728 Arthur Hayes \u770b\u6765\uff0c\u6218\u4e89\u652f\u51fa\u4e0e\u8d27\u5e01\u5bbd\u677e\u4e4b\u95f4\uff0c\u5b58\u5728\u67d0\u79cd\u7ed3\u6784\u6027\u8fde\u52a8\u3002<\/p>\n<p>\u5c3d\u7ba1 Arthur Hayes \u5bf9\u957f\u671f\u524d\u666f\u6301\u4e50\u89c2\u6001\u5ea6\uff0c\u4f46\u4ed6\u5efa\u8bae\u6295\u8d44\u4eba\u77ed\u671f\u5185\u4fdd\u6301\u8c28\u614e\uff0c\u5e94\u7b49\u5f85 Fed \u5b9e\u9645\u964d\u606f\u6216\u5f00\u59cb\u5370\u949e\u540e\uff0c\u518d\u52a0\u7801\u4e70\u8fdb\u6bd4\u7279\u5e01\u548c\u90e8\u5206\u5176\u4ed6\u52a0\u5bc6\u8d27\u5e01\u3002\u4ed6\u8bf4\uff1a<\/p>\n<blockquote>\n<p><strong>\u6ca1\u6709\u4eba\u77e5\u9053\u5ddd\u666e\u4f1a\u5bf9\u91cd\u5851\u4f0a\u6717\u653f\u5c40\u8fd9\u4ef6\u4e8b\u6295\u5165\u591a\u4e45\u3001\u82b1\u4e0a\u591a\u5c11\u8d44\u91d1\u2014\u2014\u662f\u6570\u5341\u4ebf\u7f8e\u5143\uff0c\u8fd8\u662f\u4e0a\u5146\u7f8e\u5143\uff1f\u5ba1\u614e\u7684\u505a\u6cd5\uff0c\u662f\u5148\u89c2\u5bdf\u3001\u518d\u884c\u52a8\u3002<\/strong><\/p>\n<\/blockquote>\n<p>\u622a\u81f3\u5199\u7a3f\u65f6\uff0c\u6bd4\u7279\u5e01\u4ef7\u683c\u7ea6\u5728 66,200 \u7f8e\u5143\u5f98\u5f8a\u3002\u76f8\u8f83\u4e8e 2025 \u5e74 10 \u6708\u521b\u4e0b\u7684 126,000 \u7f8e\u5143\u5386\u53f2\u5929\u4ef7\uff0c\u76ee\u524d\u4ef7\u683c\u5df2\u56de\u6863\u8fd1 47%\uff0c\u4e14\u5df2\u8fde\u7eed 5 \u4e2a\u6708\u6536\u8dcc\uff1b\u52a0\u5bc6\u8d27\u5e01\u5e02\u573a\u6050\u614c\u4e0e\u8d2a\u5a6a\u6307\u6570\uff08Crypto Fear and Greed Index\uff09\u4ea6\u957f\u65f6\u95f4\u505c\u7559\u5728\u300c\u6781\u5ea6\u6050\u614c\u300d\u533a\u95f4\u3002<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>\u7f8e\u4ee5\u8054\u519b\u8f70\u70b8\u4f0a\u6717\u3001\u4e2d\u4e1c\u6218\u706b\u518d\u8d77\uff0c\u5168\u7403\u91d1\u878d\u5e02\u573a\u907f\u9669\u60c5\u7eea\u5347\u6e29\u4e4b\u9645\uff0cBitMEX \u5171\u540c\u521b\u529e\u4eba Arthur Haye [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":470,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-469","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news"],"_links":{"self":[{"href":"https:\/\/www.manwah.net\/index.php?rest_route=\/wp\/v2\/posts\/469","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.manwah.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.manwah.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.manwah.net\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.manwah.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=469"}],"version-history":[{"count":0,"href":"https:\/\/www.manwah.net\/index.php?rest_route=\/wp\/v2\/posts\/469\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.manwah.net\/index.php?rest_route=\/wp\/v2\/media\/470"}],"wp:attachment":[{"href":"https:\/\/www.manwah.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=469"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.manwah.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=469"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.manwah.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=469"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}