news/data/embeddings/20260616/44e53ca739956285.json

{
  "url_hash": "44e53ca739956285",
  "source_id": "yicai",
  "title": "美联储新主席沃什首秀前瞻：“第一只靴子”如何落下？如何传递“鸽派”信息？",
  "text": "标题:美联储新主席沃什首秀前瞻：“第一只靴子”如何落下？如何传递“鸽派”信息？\n[sentiment=neutral importance=2 event_type=宏观政策 行业=宏观]\n摘要:美联储新主席沃什将主持首次FOMC会议，市场预期维持利率不变，释放中性信号。\n正文:北京时间6月18日凌晨，美联储新任掌门人沃什将主持他上任以来的首次联邦公开市场委员会（FOMC）会议，并召开任内首次新闻发布会。市场正在静待“第一只靴子”落地。\n悬念如此之高，沃什将会如何进行政策表达？\nMFS投资管理公司（MFS Investment Management）首席经济学家兼投资组合经理韦斯曼（Erik Weisman）与第一财经记者详解了他对即将召开的FOMC会议的预期。\n他预计，美联储此次将维持利率不变，并释放出中性倾向。\n同时他也预测，沃什可能会作出一些改变\n，“例如不再使用点阵图、减少新闻发布会，或者在委员会内部，一边寻求共识，一边保持沉默。”\n此前高盛在月初发表报告表示，“仍然认为加息不太可能，尽管可能性比初期要高一些。”该机构将美联储最近两次降息的时点预测推迟至2027年6月和12月。\n韦斯曼对记者表示，FOMC大概率会在6月17日的会议上维持联邦基金目标区间不变。美联储也可能暗示未来货币政策将保持中性。\n他举例称，“美联储近期的言论总体上偏鹰派。例如，达拉斯联储主席洛根（Logan）认为，政策要么宽松，要么中性，通胀没有显示出回升至2%目标的迹象。她认为，今年晚些时候可能需要加息。”\n再如，“克利夫兰联储主席哈马克（Hammack）也表达了对持续高通胀可能对消费者影响加剧的担忧。另一方面，纽约联储主席威廉姆斯等人对当前的货币政策环境提出了中立的评估。”韦斯曼表示。\n高盛也在近期报告中表示，\n“美联储的评论已变得更加鹰派，而富有韧性的经济活动和就业数据也降低了加息的门槛。但我们尚未看到中东战争带来的通胀冲击正在扩大的迹象，并且在劳动力市场处于平衡状态且工资增速低于2%通胀目标之际，这种通胀冲击似乎不太可能持续。”\n同时，市场也格外关注沃什在人工智能（AI）与就业和增长之间的看法。\n2025年11月，沃什曾在一篇题为《美联储领导力失灵》的评论文章中预测，AI将引发生产率爆发，特朗普政府放松管制和促进增⻓的相关政策将提振经济增⻓。\n沃什彼时表示，美联储是这一黄金时代的主要障碍，并提出了四项需要解决的问题：首先，他建议摒弃美联储对未来⼏年滞胀的预测，转而采用AI驱动的通胀放缓预期。他认为，随着生产率的提高，实际工资理应会增长。\n其次，他认为，美联储必须反思为何其在疫情期间的通胀预测如此失准。沃什将通胀归咎于政府过度支出和货币超发，并表示美联储资产负债表“可大幅缩减”。第三，他将2023年硅谷银行倒闭归咎于美联储监管失职；第四，主张美联储应放松银⾏业监管。\n“\n考虑到沃什对科技生产力的看法，他可能会发表鸽派言论。不过，我们认为这种可能性很低，因为此时发表此类言论会损害他作为鹰派的形象。”韦斯曼对记者表示，此外，这种立场也会与他的同事相悖，他们中的许多人此前已经表明了鹰派的政策意图。\n实际上，\n“在声明中维持宽松倾向可能会招致越来越多的反对。这种对抗性的做法可能会破坏沃什的长期改革计划，而该计划很可能需要委员会达成共识。”他解释道。\n高盛则认为，目前“美国劳动力市场表现一直强于预期，现在预计失业率将进一步小幅上升至4.4%，但不足以带来降息的紧迫性。因此，我们认为对FOMC而言，最自然的路径是推迟进一步降息，直到关税、战争和AI需求的影响消退并且核心PCE通胀接近2%。”\n“我们维持3%～3.25%的最终利率预测不变，主要是因为过去一年FOMC的中长期预测点阵图一直保持稳定，而且大多数成员预计未来会进一步正常化。”高盛表示，“但更长时间的暂停可提供更多时间，让稳健的经济表现来说服他们相信利率已处于适当水平，并且我们认为利率维持不变的路径是一种合理的替代情景。”\n高盛还表示，“即便考虑到加息的可能性有所上升以及利率可能维持不变的路径，我们经概率加权的美联储利率预测仍然比市场定价明显更为鸽派。”\n沃什未来如何沟通\n在上任之前，作为美联储的积极批评者，沃什曾表示短期预测是“美联储分散注意力的又一个执念。经济学家同样难逃⼈性的弱点。一旦政策制定者公布了他们的经济预测，他们就可能因为自己的言论而作茧自缚。美联储领导⼈最好不要轻易分享他们的想法。”\n此外，他还称，前瞻性指引在正常时期发挥的作用应该很⼩。\n对此，韦斯曼对记者表示，“6月份的会议预计将提供预测材料。3月18日，鉴于中东冲突带来的不确定性，前任主席鲍威尔特意淡化了经济声明（SEP）的预测。但战争的阴云至今仍未散去。因此，即使没有领导层更迭，经济声明的效用也值得怀疑。但沃什一直公开批评美联储的模型和预测方法。他可能完全搁置经济预测框架/散点图，或者宣布对这一流程进行审查。”\n他进一步预测，如果真的发布经济预测框架，其传递的信息可能仍然是经济前景“受冲突影响”。\n“由于3月份的共识是战争将相对迅速地结束，油价也将出现反弹，因此通胀预测将被上调。事实证明，石油冲击的持续时间远超预期，而且由于此后金融环境的宽松，通胀风险也随之升高。”韦斯曼解释道。\n此外，韦斯曼还预测，“沃什可能会取消新闻发布会或减少发布频率。”\n他表示：“这位新任美联储主席一直批评过度沟通。如果他召开新闻发布会，他将面临大量关于如何引导美联储朝着他多年来所指明的方向前进的问题。现在还为时尚早。这位新任美联储主席可能仍在评估他必须赢得委员会成员的意见，才能成功推行政策。他可能不想在美联储内部达成共识之前发表任何声明。”",
  "vector": [
    -0.02072751149535179,
    -0.02784779481589794,
    -0.05884310230612755,
    0.008314994163811207,
    -0.03210844844579697,
    -0.01645725965499878,
    0.008842778392136097,
    0.05412183329463005,
    0.012225393205881119,
    0.05550367012619972,
    0.00976879894733429,
    0.021015392616391182,
    0.03429635241627693,
    0.013866321183741093,
    -0.031168034300208092,
    -0.042798470705747604,
    0.09358087182044983,
    -0.01474915910512209,
    -0.03544788062572479,
    -0.031916528940200806,
    -0.01650523953139782,
    -0.000020466617570491508,
    0.04617628827691078,
    -0.006520529743283987,
    0.03155187889933586,
    0.062566377222538,
    -0.05980270728468895,
    -0.04064895212650299,
    0.05277838557958603,
    0.03617718443274498,
    0.04805711656808853,
    0.09327379614114761,
    0.0006261435919441283,
    -0.023395217955112457,
    -0.00399436429142952,
    0.046022750437259674,
    -0.012743581086397171,
    -0.014624410308897495,
    -0.07047353684902191,
    -0.01838606968522072,
    0.030477117747068405,
    0.036349911242723465,
    -0.04598436877131462,
    0.012762772850692272,
    0.014058242551982403,
    -0.03585091605782509,
    -0.03907519578933716,
    -0.03928631171584129,
    0.07189375907182693,
    -0.03381654992699623,
    -0.048517730087041855,
    -0.014106222428381443,
    0.004227068740874529,
    -0.026139695197343826,
    0.05673196539282799,
    0.040725719183683395,
    0.016572412103414536,
    -0.014106222428381443,
    -0.06621288508176804,
    -0.04483284056186676,
    -0.034852925688028336,
    -0.009005911648273468,
    -0.01823253370821476,
    -0.00514829158782959,
    0.021437620744109154,
    0.04325908422470093,
    0.0024589928798377514,
    -0.0016793122049421072,
    -0.017733536660671234,
    -0.058420874178409576,
    0.014787543565034866,
    0.02665788307785988,
    -0.006726845167577267,
    -0.010546080768108368,
    -0.055542051792144775,
    0.021399235352873802,
    0.04629144072532654,
    -0.0009494111873209476,
    0.06786340475082397,
    -0.0042702509090304375,
    0.0636027529835701,
    -0.019412849098443985,
    -0.025717467069625854,
    -0.02531443163752556,
    0.00609830254688859,
    0.038422662764787674,
    -0.039612576365470886,
    0.002533362479880452,
    -0.039574190974235535,
    -0.04229947552084923,
    -0.04391161724925041,
    -0.0322427935898304,
    0.0494389533996582,
    -0.08260297030210495,
    0.006179869174957275,
    -0.0070914956741034985,
    -0.06371790170669556,
    0.03611960634589195,
    0.05677035078406334,
    0.022070961073040962,
    0.027387183159589767,
    0.019268907606601715,
    -0.04314393177628517,
    -0.06571388989686966,
    0.04022672399878502,
    0.019278503954410553,
    0.008929142728447914,
    0.0308417696505785,
    -0.04141663759946823,
    -0.04214593768119812,
    0.0009769998723641038,
    0.015910284593701363,
    -0.023299258202314377,
    -0.009447330608963966,
    -0.031148843467235565,
    -0.016677970066666603,
    0.05638650804758072,
    0.007566500920802355,
    -0.0356014184653759,
    0.02491139806807041,
    0.021859847009181976,
    0.0106804259121418,
    0.0012690802104771137,
    0.0019671942573040724,
    -0.001062764786183834,
    -0.031283188611269,
    -0.0163996834307909,
    0.050974324345588684,
    -0.0004971963935531676,
    0.05995624512434006,
    -0.029037708416581154,
    -0.014135011471807957,
    -0.07239275425672531,
    -0.008324590511620045,
    -0.05661681294441223,
    -0.015459268353879452,
    0.025621507316827774,
    -0.018203744664788246,
    0.01284913718700409,
    -0.04229947552084923,
    0.002504574367776513,
    0.03965096175670624,
    -0.024258865043520927,
    -0.005181877873837948,
    0.0024853821378201246,
    -0.018213341012597084,
    -0.006410174537450075,
    0.0021267288830131292,
    0.004174290224909782,
    0.005949563346803188,
    -0.015363307669758797,
    -0.0815282091498375,
    0.023970982059836388,
    0.046828821301460266,
    0.01546886470168829,
    -0.048901572823524475,
    0.023548755794763565,
    -0.01265721581876278,
    -0.038365088403224945,
    0.009399350732564926,
    0.034085240215063095,
    -0.013933493755757809,
    -0.03844185546040535,
    0.011294574476778507,
    0.027694256976246834,
    0.05964916944503784,
    -0.01703302375972271,
    -0.004932379815727472,
    -0.00803191028535366,
    -0.0024637910537421703,
    -0.026389192789793015,
    -0.022166920825839043,
    0.06325729191303253,
    -0.002914806129410863,
    -0.013588035479187965,
    0.011764781549572945,
    0.07603925466537476,
    0.010133449919521809,
    -0.013463285751640797,
    -0.04498637467622757,
    -0.039382271468639374,
    0.025851812213659286,
    0.04310554638504982,
    0.0027876582462340593,
    0.01202387548983097,
    0.024738667532801628,
    -0.04940056800842285,
    -0.05435214191675186,
    0.009509705007076263,
    -0.02637000009417534,
    -0.026868995279073715,
    -0.0156799778342247,
    0.007561703212559223,
    0.0033226392697542906,
    0.027022533118724823,
    -0.030956922098994255,
    -0.02414371259510517,
    -0.06678864359855652,
    0.0168411023914814,
    -0.05577235668897629,
    -0.028999323025345802,
    -0.012206200510263443,
    0.01561280619353056,
    0.0008360575884580612,
    -0.02068912610411644,
    0.002540559507906437,
    0.022051768377423286,
    -0.0106804259121418,
    0.011198613792657852,
    0.007163466420024633,
    0.010421331971883774,
    0.021533580496907234,
    0.05047532916069031,
    -0.023606332018971443,
    -0.018971430137753487,
    0.023356834426522255,
    -0.0035961272660642862,
    -0.006678864825516939,
    0.031494300812482834,
    -0.02982458472251892,
    -0.02838517539203167,
    0.01238852646201849,
    0.020266899839043617,
    0.014873908832669258,
    0.03289532661437988,
    0.0327993668615818,
    0.025218471884727478,
    -0.0161213967949152,
    -0.022358842194080353,
    -0.0588047169148922,
    0.050053101032972336,
    0.011889530345797539,
    -0.0032842550426721573,
    -0.01470117922872305,
    0.02088104747235775,
    0.03796205297112465,
    -0.02550635300576687,
    0.017983034253120422,
    -0.030630655586719513,
    -0.0011275382712483406,
    -0.01491229236125946,
    -0.02034366875886917,
    -0.06348759680986404,
    0.0017116989474743605,
    -0.025391200557351112,
    0.039574190974235535,
    -0.031206419691443443,
    -0.03949742391705513,
    0.00841575302183628,
    0.021783078089356422,
    0.006870786193758249,
    -0.02963266335427761,
    -0.009759203530848026,
    -0.0011155431857332587,
    0.04874803498387337,
    -0.0070531112141907215,
    0.0346418134868145,
    -0.015939071774482727,
    -0.004654094111174345,
    -0.008866768330335617,
    0.052701614797115326,
    0.01804061233997345,
    0.005153089761734009,
    0.04652174562215805,
    -0.04821065440773964,
    -0.034373123198747635,
    -0.06145323067903519,
    -0.0043542166240513325,
    -0.02531443163752556,
    0.049630872905254364,
    -0.022147729992866516,
    -0.007628875784575939,
    0.0005847605061717331,
    0.000870843359734863,
    -0.02068912610411644,
    0.028884170576930046,
    -0.01611180230975151,
    -0.02535281702876091,
    0.029805393889546394,
    -0.018933046609163284,
    -0.014729967340826988,
    -0.0032554666977375746,
    -0.01120821014046669,
    0.036445874720811844,
    -0.011371342465281487,
    -0.008813990280032158,
    -0.006410174537450075,
    -0.03753982484340668,
    0.023491179570555687,
    -0.06575226783752441,
    -0.022397227585315704,
    0.024086136370897293,
    0.066558338701725,
    -0.04314393177628517,
    -0.04805711656808853,
    -0.03358624503016472,
    0.031436726450920105,
    -0.17165449261665344,
    -0.00032356748124584556,
    -0.027022533118724823,
    0.008737221360206604,
    -0.03429635241627693,
    -0.036964062601327896,
    0.00798872858285904,
    -0.013885512948036194,
    -0.03700244426727295,
    -0.03287613391876221,
    0.06333406269550323,
    -0.023875022307038307,
    -0.03811559081077576,
    0.021917423233389854,
    -0.040956027805805206,
    -0.012705196626484394,
    0.014125415123999119,
    -0.00974480900913477,
    0.006985939107835293,
    -0.017004236578941345,
    0.008468532003462315,
    0.007835190743207932,
    0.04061056673526764,
    -0.008674846962094307,
    0.010622849687933922,
    0.026542728766798973,
    -0.013021866790950298,
    0.019470425322651863,
    -0.04594598338007927,
    -0.0002475486253388226,
    0.0021291279699653387,
    0.03397008776664734,
    -0.03491050377488136,
    0.0289609394967556,
    0.045101527124643326,
    0.018606780096888542,
    0.0072546289302408695,
    -0.031782183796167374,
    -0.04498637467622757,
    -0.014230972155928612,
    0.026773035526275635,
    0.013674399815499783,
    0.017877478152513504,
    -0.024815436452627182,
    -0.004670887254178524,
    -0.003927191719412804,
    -0.0015173786086961627,
    -0.0033562255557626486,
    0.010066277347505093,
    -0.007859181612730026,
    0.034756965935230255,
    -0.020382052287459373,
    0.009893547743558884,
    -0.041685327887535095,
    -0.01909617893397808,
    -0.01953759789466858,
    0.024374017491936684,
    0.04444899410009384,
    -0.07719078660011292,
    -0.038326703011989594,
    -0.0026509142480790615,
    -0.05964916944503784,
    0.02116893045604229,
    -0.01804061233997345,
    0.0016589205479249358,
    0.008943537250161171,
    0.014490065164864063,
    0.014777948148548603,
    0.001165922498330474,
    0.012858733534812927,
    0.06790179014205933,
    -0.02024770714342594,
    0.04544698819518089,
    0.037501439452171326,
    0.011409726925194263,
    -0.0019551992882043123,
    -0.01197589561343193,
    0.004884399473667145,
    -0.04410353675484657,
    -0.06628964841365814,
    0.044525764882564545,
    -0.03164783865213394,
    0.005124301183968782,
    0.04437222704291344,
    -0.0194416381418705,
    -0.008981921710073948,
    -0.026964956894516945,
    0.01886587403714657,
    -0.014000666327774525,
    0.1937638372182846,
    0.021859847009181976,
    0.02848113514482975,
    -0.023683100938796997,
    0.04467930272221565,
    -0.021763887256383896,
    0.0294407419860363,
    -0.00727861886844039,
    -0.021898232400417328,
    -0.02314572036266327,
    -0.0163996834307909,
    -0.07005131244659424,
    0.03458423539996147,
    -0.009001113474369049,
    -0.011275381781160831,
    0.03489131107926369,
    -0.046444978564977646,
    0.011515283957123756,
    0.06782501935958862,
    -0.016716353595256805,
    0.040725719183683395,
    0.02911447547376156,
    -0.012647620402276516,
    0.04003480449318886,
    -0.09381117671728134,
    0.024834629148244858,
    -0.024220479652285576,
    0.03347109258174896,
    -0.023779060691595078,
    0.028461944311857224,
    -0.03775094076991081,
    -0.012570851482450962,
    0.006256637629121542,
    0.0053162225522100925,
    -0.0037040829192847013,
    0.046022750437259674,
    -0.014317336492240429,
    0.0018400463741272688,
    0.028692249208688736,
    0.024834629148244858,
    0.03112965077161789,
    -0.016438066959381104,
    0.005632893182337284,
    -0.031590260565280914,
    0.02276187762618065,
    -0.04172371327877045,
    -0.031590260565280914,
    -0.022915415465831757,
    -0.046022750437259674,
    -0.049247030168771744,
    -0.0285195205360651,
    0.0017752728890627623,
    0.002790057333186269,
    0.02308814413845539,
    0.0399196520447731,
    0.004812429193407297,
    0.0071586682461202145,
    -0.0019216130021959543,
    0.003466580295935273,
    0.028365982696413994,
    0.027886178344488144,
    0.006218253169208765,
    -0.010066277347505093,
    0.007782412692904472,
    -0.06571388989686966,
    0.006414972711354494,
    -0.025755852460861206,
    -0.02589019574224949,
    -0.08283327519893646,
    0.0036680977791547775,
    -0.04621467366814613,
    0.03477615863084793,
    0.0010309778153896332,
    -0.01847243495285511,
    0.03930550068616867,
    -0.01957598328590393,
    0.020478013902902603,
    0.011083460412919521,
    -0.0256023146212101,
    0.0356781892478466,
    -0.05746126547455788,
    -0.013511266559362411,
    -0.025659890845417976,
    -0.008900354616343975,
    0.0025261654518544674,
    -0.01745525188744068,
    -0.043412622064352036,
    0.04448737949132919,
    -0.01928810030221939,
    -0.019652750343084335,
    0.02429724857211113,
    0.016332510858774185,
    -0.010584465228021145,
    0.004843616392463446,
    0.023644715547561646,
    -0.09519301354885101,
    0.018174955621361732,
    -0.004155098460614681,
    -0.021399235352873802,
    0.0503217913210392,
    0.010258198715746403,
    -0.008051102980971336,
    0.0455237552523613,
    -0.01034456305205822,
    0.021725501865148544,
    0.01602543704211712,
    -0.0009440133580937982,
    0.0053833951242268085,
    0.006606894079595804,
    -0.0055225384421646595,
    -0.06556034833192825,
    -0.01995982602238655,
    0.008430147543549538,
    0.03452666103839874,
    0.036004453897476196,
    0.007974334061145782,
    -0.05776834115386009,
    0.0398428812623024,
    0.020382052287459373,
    0.04218432307243347,
    -0.004901192616671324,
    0.009821577928960323,
    -0.02550635300576687,
    -0.0008282607886940241,
    -0.028884170576930046,
    0.03550545871257782,
    -0.02627404034137726,
    -0.043412622064352036,
    -0.016342107206583023,
    -0.00333703332580626,
    -0.034661006182432175,
    0.009749607183039188,
    -0.013597630895674229,
    -0.01387591753154993,
    0.06310375779867172,
    -0.014240567572414875,
    0.048172272741794586,
    -0.0022502783685922623,
    0.004109516739845276,
    0.09473240375518799,
    0.02343360334634781,
    -0.03525596112012863,
    -0.018213341012597084,
    -0.03508323058485985,
    0.02477705292403698,
    -0.004678084049373865,
    -0.028058908879756927,
    -0.02765587344765663,
    0.0036345114931464195,
    0.03199329599738121,
    -0.023203296586871147,
    -0.03613879904150963,
    -0.009610463865101337,
    -0.01764717325568199,
    0.007273821160197258,
    -0.005719257518649101,
    -0.0018544405465945601,
    0.02049720473587513,
    0.07999283820390701,
    -0.014039049856364727,
    -0.022205306217074394,
    -0.025218471884727478,
    0.02617807872593403,
    0.01896183378994465,
    0.08014637976884842,
    0.1140780821442604,
    0.02381744608283043,
    0.008837980218231678,
    0.018990622833371162,
    -0.05431375652551651,
    -0.003224279498681426,
    0.002499776193872094,
    -0.024796245619654655,
    0.025909388437867165,
    -0.03550545871257782,
    0.009284197352826595,
    -0.03780851513147354,
    0.045638907700777054,
    -0.009624858386814594,
    -0.017138581722974777,
    0.05339253321290016,
    0.018107783049345016,
    0.012983482331037521,
    0.025237664580345154,
    0.023356834426522255,
    0.00480043375864625,
    0.0026629094500094652,
    -0.015344115905463696,
    0.0053162225522100925,
    -0.04663689807057381,
    -0.00495637021958828,
    0.06014816462993622,
    0.013108231127262115,
    -0.02251238003373146,
    0.042644936591386795,
    -0.0033298362977802753,
    -0.013434497639536858,
    0.054045066237449646,
    -0.0017344896914437413,
    -0.04859449714422226,
    0.002533362479880452,
    -0.03546707332134247,
    -0.016380490735173225,
    -0.025007357820868492,
    0.03844185546040535,
    -0.0017908666050061584,
    0.07346750795841217,
    -0.022166920825839043,
    -0.004745256621390581,
    0.018203744664788246,
    -0.04690558835864067,
    0.0030011709313839674,
    0.01808859221637249,
    -0.010354159399867058,
    -0.011409726925194263,
    0.01596786081790924,
    0.00002354035859752912,
    0.015862302854657173,
    -0.0137607641518116,
    0.009725617244839668,
    0.007931151427328587,
    -0.03001650609076023,
    0.04371969401836395,
    -0.007777614519000053,
    -0.018645163625478745,
    0.022147729992866516,
    -0.027579104527831078,
    -0.021667925640940666,
    0.013914301060140133,
    0.004910788964480162,
    0.005858400836586952,
    -0.0009554087300784886,
    0.03988126665353775,
    -0.03316401690244675,
    0.002595736877992749,
    0.006194263231009245,
    0.0021075368858873844,
    0.033701397478580475,
    -0.03460342809557915,
    0.0346418134868145,
    0.006184666883200407,
    -0.022819453850388527,
    0.004994754213839769,
    -0.010661234147846699,
    -0.023414410650730133,
    0.0053210207261145115,
    0.0034881713800132275,
    0.04153179004788399,
    0.027252838015556335,
    0.05185716226696968,
    -0.003241072641685605,
    -0.025333624333143234,
    0.012791560962796211,
    0.003483373438939452,
    -0.04540860280394554,
    -0.005599306896328926,
    0.036964062601327896,
    0.009226621128618717,
    -0.014154203236103058,
    -0.01687948778271675,
    -0.023644715547561646,
    0.004613310564309359,
    -0.025487162172794342,
    0.01962396316230297,
    -0.08866768330335617,
    -0.012877926230430603,
    0.0063046179711818695,
    0.021130545064806938,
    -0.05753803625702858,
    0.0016601200914010406,
    0.01568957418203354,
    0.0012918709544464946,
    -0.010881943628191948,
    -0.04460253193974495,
    0.005911178886890411,
    0.03299129009246826,
    -0.018789105117321014,
    -0.021591156721115112,
    -0.023894215002655983,
    -0.022358842194080353,
    -0.005181877873837948,
    0.03237713873386383,
    -0.02420128881931305,
    0.036157991737127304,
    -0.02347198687493801,
    0.03968934342265129,
    -0.004013556055724621,
    0.0035049645230174065,
    0.008530906401574612,
    -0.04214593768119812,
    0.05070563405752182,
    -0.027195261791348457,
    0.0006747236475348473,
    0.017589597031474113,
    0.02458513155579567,
    -0.003281855955719948,
    0.010354159399867058,
    -0.01736888661980629,
    -0.026331616565585136,
    0.030189236626029015,
    0.02637000009417534,
    0.016246145591139793,
    -0.040533799678087234,
    0.008914749138057232,
    0.004625305533409119,
    -0.003939186688512564,
    0.006467751227319241,
    -0.037981245666742325,
    0.02034366875886917,
    0.017762325704097748,
    -0.029210437089204788,
    -0.004099920857697725,
    0.05331576615571976,
    0.003236274467781186,
    0.05350768566131592,
    0.006525327451527119,
    0.05700065568089485,
    -0.011467303149402142,
    0.011073864996433258,
    0.0532006099820137,
    0.028461944311857224,
    -0.03650344908237457,
    -0.007081899791955948,
    -0.007787210866808891,
    -0.017436059191823006,
    -0.014154203236103058,
    -0.00707230344414711,
    0.00669805658981204,
    -0.01952800154685974,
    -0.013703187927603722,
    -0.03356705233454704,
    -0.02314572036266327,
    -0.004119113087654114,
    -0.05680873245000839,
    0.012177412398159504,
    -0.012925906106829643,
    0.0187603160738945,
    0.030246812850236893,
    0.029613472521305084,
    0.007998323999345303,
    0.009514503180980682,
    -0.02395179122686386,
    -0.001117342384532094,
    -0.025141702964901924,
    0.04686720669269562,
    -0.0016841102624312043,
    0.0026269240770488977,
    -0.005642489064484835,
    0.012417314574122429,
    0.02684980444610119,
    -0.024374017491936684,
    0.02299218438565731,
    -0.024834629148244858,
    -0.05450567603111267,
    0.005647287238389254,
    0.016716353595256805,
    -0.00880439393222332,
    0.012043068185448647,
    0.025391200557351112,
    0.001973191974684596,
    0.030860960483551025,
    0.04030349478125572,
    -0.02512251026928425,
    -0.023644715547561646,
    -0.035140808671712875,
    0.006707652937620878,
    0.03794286027550697,
    -0.033355940133333206,
    -0.004013556055724621,
    0.042644936591386795,
    -0.013223384507000446,
    -0.003236274467781186,
    -0.019979016855359077,
    -0.02794375643134117,
    -0.01967194303870201,
    0.020478013902902603,
    0.023356834426522255,
    0.007532915100455284,
    0.03314482420682907,
    -0.04882480204105377,
    -0.01572795771062374,
    -0.034565042704343796,
    -0.03604283928871155,
    -0.0418388657271862,
    0.06675026565790176,
    -0.025487162172794342,
    0.02727203071117401,
    0.007739230524748564,
    -0.0049803601577878,
    0.00632860790938139,
    -0.01436531636863947,
    0.023107336834073067,
    -0.029901353642344475,
    0.02905689924955368,
    -0.11929833889007568,
    0.016342107206583023,
    -0.000817465188447386,
    -0.029421551153063774,
    -0.015910284593701363,
    0.00267010647803545,
    -0.030726615339517593,
    -0.0010909532429650426,
    0.002120731398463249,
    -0.04214593768119812,
    0.04229947552084923,
    0.030323581770062447,
    0.02512251026928425,
    -0.0009829973569139838,
    -0.012829945422708988,
    0.0001653822691878304,
    0.0055513265542685986,
    -0.014432488940656185,
    0.025717467069625854,
    0.008439743891358376,
    0.003795245662331581,
    0.0014382109511643648,
    -0.007000333163887262,
    -0.012091048061847687,
    0.013808744959533215,
    -0.0019336080877110362,
    0.01805020682513714,
    0.017743133008480072,
    0.003752063261345029,
    -0.02911447547376156,
    0.017013831064105034,
    0.005632893182337284,
    0.009811981581151485,
    0.04667528346180916,
    0.06513812392950058,
    -0.0024457983672618866,
    -0.027771025896072388,
    -0.0030371560715138912,
    -0.021495196968317032,
    0.01205266360193491,
    -0.02063154987990856,
    0.0020067780278623104,
    -0.011688013561069965,
    0.02452755533158779,
    -0.002941195387393236,
    0.033068057149648666,
    0.003965575713664293,
    0.017023427411913872,
    -0.06644318997859955,
    -0.020823471248149872,
    -0.06494620442390442,
    0.005858400836586952,
    0.01301227044314146,
    0.028884170576930046,
    0.01183195412158966,
    -0.020132554695010185,
    -0.010517292656004429,
    -0.022550763562321663,
    0.0798393040895462,
    0.05961078777909279,
    -0.0005562721635214984,
    0.010171834379434586,
    -0.03362463042140007,
    -0.03429635241627693,
    -0.07795847207307816,
    -0.007566500920802355,
    -0.04061056673526764,
    0.04521668329834938,
    0.008238226175308228,
    -0.0038840093184262514,
    -0.0156799778342247,
    0.003934388514608145,
    -0.01334813330322504,
    -0.02266591787338257,
    0.028692249208688736,
    -0.059534016996622086,
    0.008818788453936577,
    -0.03160945326089859,
    -0.03170541673898697,
    -0.00013089639833196998,
    0.02746395207941532,
    -0.02088104747235775,
    -0.07093414664268494,
    -0.015622401610016823,
    0.00972081907093525,
    -0.01332894153892994,
    0.0013398512965068221,
    -0.005297030787914991,
    -0.007336195558309555,
    -0.02155277319252491,
    -0.05749965086579323,
    -0.0011125443270429969,
    -0.009269803762435913,
    0.015862302854657173,
    0.021437620744109154,
    0.022781070321798325,
    0.04951572045683861,
    -0.007283417042344809,
    -0.010411735624074936,
    -0.01736888661980629,
    0.002421808196231723,
    -0.006429366767406464,
    0.034373123198747635,
    -0.03170541673898697,
    0.012417314574122429,
    -0.029651856049895287,
    0.039766114205121994,
    -0.0019108174601569772,
    -0.027156878262758255,
    0.04844095930457115,
    -0.011553668417036533,
    0.007787210866808891,
    0.011083460412919521,
    0.007628875784575939,
    -0.043758079409599304,
    -0.009169044904410839,
    -0.012542063370347023,
    0.07392812520265579,
    0.005397789180278778,
    -0.04836419224739075,
    0.03917115926742554,
    0.0006909170188009739,
    0.050782401114702225,
    -0.034373123198747635,
    0.019787095487117767,
    0.05377637594938278,
    0.004613310564309359,
    0.020746702328324318,
    0.013962281867861748,
    0.0073553877882659435,
    0.006539721507579088,
    0.026811419054865837,
    -0.005623296834528446,
    -0.005493749864399433,
    0.028154868632555008,
    -0.031091267243027687,
    -0.013194596394896507,
    0.006386184599250555,
    -0.0046229069121181965,
    -0.004579724278301001,
    0.009101872332394123,
    -0.0024254065938293934,
    0.01128497812896967,
    -0.02487301267683506,
    -0.002778062131255865,
    -0.024623515084385872,
    0.010747598484158516,
    -0.009101872332394123,
    -0.044564150273799896,
    0.02024770714342594,
    0.036637794226408005,
    0.02627404034137726,
    0.04540860280394554,
    -0.05523497983813286,
    0.014921888709068298,
    0.005628095008432865,
    -0.02892255410552025,
    -0.010546080768108368,
    -0.010997096076607704,
    0.03550545871257782,
    0.04571567848324776,
    -0.029843777418136597,
    -0.029939739033579826,
    -0.007676856126636267,
    -0.02819325402379036,
    -0.011985491029918194,
    0.00046450976515188813,
    0.0003589529951568693,
    -0.014451681636273861,
    0.037885285913944244,
    -0.010277390480041504,
    0.031878143548965454,
    -0.014317336492240429,
    0.03164783865213394,
    -0.01368399616330862,
    -0.06471589207649231,
    0.010411735624074936,
    -0.01876991242170334,
    0.044717684388160706,
    0.019076986238360405,
    0.027962947264313698,
    -0.05047532916069031,
    -0.0020331672858446836,
    0.025583121925592422,
    -0.015603209845721722,
    0.03397008776664734,
    -0.0034545850940048695,
    -0.0232800655066967,
    -0.023260872811079025,
    0.007326599210500717,
    0.006131888832896948,
    -0.024604322388768196,
    0.012398122809827328,
    -0.008065496571362019,
    0.017186561599373817,
    0.009821577928960323,
    0.012887521646916866,
    0.004430985078215599,
    -0.01489310059696436,
    -0.000942214101087302,
    0.02646596170961857,
    -0.015123406425118446,
    0.008075092919170856,
    0.005810420494526625,
    -0.028807401657104492,
    -0.021207313984632492,
    0.005628095008432865,
    0.00046361013664864004,
    -0.03968934342265129,
    0.020420437678694725,
    -0.03164783865213394,
    -0.008353378623723984,
    0.008300600573420525,
    -0.023164913058280945,
    -0.0019372066017240286,
    -0.009730414487421513,
    0.031974103301763535,
    0.017973439767956734,
    0.001465799636207521,
    -0.010382947511970997,
    0.017589597031474113,
    0.05911179259419441,
    -0.0021075368858873844,
    -0.0087804039940238,
    0.0012306959833949804,
    -0.057998646050691605,
    0.03506403788924217,
    0.03823074325919151,
    0.04218432307243347,
    0.017196157947182655,
    0.028884170576930046,
    0.019643155857920647,
    -0.049669258296489716,
    0.008905152790248394,
    0.010939519852399826,
    0.03064984828233719,
    -0.024028558284044266,
    -0.021245699375867844,
    0.01726333051919937,
    0.011006692424416542,
    0.011332958936691284,
    0.017234541475772858,
    -0.009221822954714298,
    0.0007317003328353167
  ],
  "dim": 1024,
  "provider": "dashscope",
  "model": "text-embedding-v3",
  "embedded_at": "2026-06-17T06:51:59.989325",
  "char_count": 2352,
  "publish_time": "2026-06-16T00:00:00"
}