![\"\u5c40\u90e8\u622a\u53d6_20261111_154221\"](\"https:\/\/www.mdwcc.com\/wp-content\/uploads\/2026\/11\/20261111_154221.png\")
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ACE Markets ch\u1ec9 ra r\u1eb1ng t\u1ea7m quan tr\u1ecdng c\u1ee7a d\u1eef li\u1ec7u n\u00e0y kh\u00f4ng n\u1eb1m \u1edf vi\u1ec7c \u201cv\u01b0\u1ee3t qu\u00e1 mong \u0111\u1ee3i m\u1ed9t l\u1ea7n n\u1eefa\u201d m\u00e0 \u1edf vi\u1ec7c x\u00e1c th\u1ef1c c\u00e1c cam k\u1ebft tr\u01b0\u1edbc \u0111\u00f3 c\u1ee7a c\u00e1c quan ch\u1ee9c: Waller \u0111\u00e3 c\u00f4ng khai r\u00e0ng bu\u1ed9c \u0111i\u1ec1u ki\u1ec7n \u201c0,3% ho\u1eb7c 50 \u0111i\u1ec3m c\u01a1 b\u1ea3n\u201d, Logan \u1ee7ng h\u1ed9 \u00edt nh\u1ea5t 50 \u0111i\u1ec3m c\u01a1 b\u1ea3n kh\u00e1c, v\u1edbi t\u1ed1c \u0111\u1ed9 nhanh h\u01a1n so v\u1edbi m\u00f9a thu v\u00e0 Schmid duy tr\u00ec hi\u1ec7u qu\u1ea3 3,75% -4%. Khi \u0111\u1ed9 tin c\u1eady c\u1ee7a ch\u00ednh s\u00e1ch \u0111\u01b0\u1ee3c g\u1eafn m\u1ed9t c\u00e1ch c\u00f4ng khai v\u1edbi c\u00e1c ng\u01b0\u1ee1ng d\u1eef li\u1ec7u c\u1ee5 th\u1ec3, bi\u00ean \u0111\u1ed9 sai s\u1ed1 s\u1ebd \u0111\u01b0\u1ee3c n\u00e9n xu\u1ed1ng g\u1ea7n b\u1eb1ng 0 - \u0111\u00e2y l\u00e0 l\u00fd do th\u1ef1c s\u1ef1 khi\u1ebfn cu\u1ed9c tranh lu\u1eadn leo thang \u0111\u1ed9t ng\u1ed9t v\u00e0o th\u00e1ng 12, ch\u1ee9 kh\u00f4ng ph\u1ea3i l\u00e0 t\u1ef7 l\u1ec7 ph\u1ea7n tr\u0103m c\u1ee7a ch\u00ednh d\u1eef li\u1ec7u. C\u0169ng c\u1ea7n l\u01b0u \u00fd r\u1eb1ng s\u1ef1 \u0111\u1ed3ng thu\u1eadn n\u1ed9i b\u1ed9 kh\u00f4ng ph\u1ea3i l\u00e0 th\u1ed1ng nh\u1ea5t: Paulson v\u1eabn \u1ee7ng h\u1ed9 vi\u1ec7c th\u1eaft ch\u1eb7t d\u1ea7n d\u1ea7n, tin r\u1eb1ng n\u00f3 ch\u1ec9 n\u00ean \u0111\u01b0\u1ee3c t\u0103ng t\u1ed1c khi l\u1ea1m ph\u00e1t chuy\u1ec3n sang ti\u1ec1n l\u01b0\u01a1ng ho\u1eb7c thay \u0111\u1ed5i k\u1ef3 v\u1ecdng l\u1ea1m ph\u00e1t c\u1ee7a c\u00f4ng ch\u00fang, v\u00e0 r\u1eb1ng \u201cch\u00fang t\u00f4i ch\u01b0a th\u1ea5y \u0111i\u1ec1u \u0111\u00f3\u201d. S\u1ef1 chia r\u1ebd n\u1ed9i b\u1ed9 l\u00e0 c\u00f3 th\u1eadt, v\u00e0 \u0111\u00e2y l\u00e0 ngu\u1ed3n g\u1ed1c c\u1ee7a t\u1ea7ng sai l\u1ec7ch ti\u1ebfp theo.<\/p>\n
Tranh ch\u1ea5p li\u00ean quan \u0111\u1ebfn \u201cthi\u1ebft k\u1ebf l\u1ed1i \u0111i\u201d ch\u1ee9 kh\u00f4ng ph\u1ea3i \u201cph\u01b0\u01a1ng h\u01b0\u1edbng\u201d.<\/h2>\n
Nh\u00ecn b\u1ec1 ngo\u00e0i, l\u1eddi l\u1ebd di\u1ec1u h\u00e2u c\u1ee7a c\u00e1c quan ch\u1ee9c v\u00e0 ph\u1ea3n \u1ee9ng c\u1ee7a th\u1ecb tr\u01b0\u1eddng \u0111\u1ec1u \u0111\u1ed3ng b\u1ed9: l\u00e3i su\u1ea5t tr\u00e1i phi\u1ebfu kho b\u1ea1c M\u1ef9 k\u1ef3 h\u1ea1n hai n\u0103m t\u0103ng 19 \u0111i\u1ec3m c\u01a1 b\u1ea3n l\u00ean 4,75% ch\u1ec9 trong m\u1ed9t ng\u00e0y, m\u1ee9c t\u0103ng trong m\u1ed9t ng\u00e0y l\u1edbn nh\u1ea5t k\u1ec3 t\u1eeb th\u00e1ng 4 n\u0103m 2025, \u0111\u1ed3ng \u0111\u00f4 la M\u1ef9 m\u1ea1nh l\u00ean so v\u1edbi t\u1ea5t c\u1ea3 c\u00e1c lo\u1ea1i ti\u1ec1n t\u1ec7 ch\u00ednh v\u00e0 s\u1ef1 ph\u1ee5c h\u1ed3i m\u1ea1nh m\u1ebd tr\u00ean th\u1ecb tr\u01b0\u1eddng tr\u00e1i phi\u1ebfu k\u1ec3 t\u1eeb \u0111\u1ea7u th\u00e1ng tr\u01b0\u1edbc \u0111\u00e3 b\u1ecb \u0111\u1ea3o ng\u01b0\u1ee3c trong m\u1ed9t c\u00fa tr\u01b0\u1ee3t d\u1ed1c. Tuy nhi\u00ean, sau khi \u0111\u1eb7t c\u00e1c tuy\u00ean b\u1ed1 c\u1ea1nh nhau v\u1edbi gi\u00e1 c\u1ea3 t\u01b0\u01a1ng lai, ACE Markets \u0111\u00e3 ph\u00e1t hi\u1ec7n ra m\u1ed9t l\u1ed7 h\u1ed5ng d\u1ec5 b\u1ecb b\u1ecf qua: th\u1ecb tr\u01b0\u1eddng kh\u00f4ng th\u1ef1c s\u1ef1 \u0111\u1ecbnh gi\u00e1 m\u1ed9t \u0111\u1ee3t t\u0103ng l\u00e3i su\u1ea5t \u201c50 \u0111i\u1ec3m c\u01a1 b\u1ea3n m\u1ed9t l\u1ea7n\u201d. H\u1ee3p \u0111\u1ed3ng t\u01b0\u01a1ng lai l\u00e3i su\u1ea5t qu\u1ef9 cho th\u1ea5y xu h\u01b0\u1edbng ch\u00ednh l\u00e0 25 \u0111i\u1ec3m c\u01a1 b\u1ea3n trong th\u00e1ng 12, 25 \u0111i\u1ec3m c\u01a1 b\u1ea3n kh\u00e1c trong th\u00e1ng 1 v\u00e0 c\u00f3 th\u1ec3 kh\u00e1c trong th\u00e1ng 4; x\u00e1c su\u1ea5t \u0111\u1ea1t 50 \u0111i\u1ec3m c\u01a1 b\u1ea3n t\u1eebng \u0111\u1ea1t t\u1edbi 15%, sau \u0111\u00f3 gi\u1ea3m tr\u1edf l\u1ea1i kho\u1ea3ng 10%. Luzetti c\u1ee7a Deutsche Bank c\u0169ng \u0111\u00e1nh gi\u00e1 r\u1eb1ng ba l\u1ea7n t\u0103ng l\u00e3i su\u1ea5t 25 \u0111i\u1ec3m c\u01a1 b\u1ea3n li\u00ean ti\u1ebfp, t\u1ed5ng c\u1ed9ng 100 \u0111i\u1ec3m c\u01a1 b\u1ea3n (bao g\u1ed3m c\u1ea3 \u0111\u1ee3t t\u0103ng th\u00e1ng 9), c\u00f3 nhi\u1ec1u kh\u1ea3 n\u0103ng x\u1ea3y ra h\u01a1n, b\u1edfi v\u00ec Fed v\u1eeba thi\u1ebft l\u1eadp m\u1ed9t khung ch\u00ednh s\u00e1ch nh\u1eb1m c\u00e2n b\u1eb1ng vi\u1ec7c ki\u1ec3m so\u00e1t l\u1ea1m ph\u00e1t v\u00e0 tr\u00e1nh bi\u1ebfn \u0111\u1ed9ng m\u1ea1nh tr\u00ean th\u1ecb tr\u01b0\u1eddng, v\u00e0 vi\u1ec7c t\u0103ng l\u00e3i su\u1ea5t \u0111\u1ed9t ng\u1ed9t, l\u1edbn s\u1ebd ph\u00e1 v\u1ee1 c\u00e1c th\u1ecfa thu\u1eadn hi\u1ec7n c\u00f3.<\/p>\n
B\u1ea3n th\u00e2n s\u1ef1 sai l\u1ec7ch n\u00e0y ch\u00ednh l\u00e0 k\u1ebft lu\u1eadn: nh\u1eefng tuy\u00ean b\u1ed1 di\u1ec1u h\u00e2u t\u1eeb c\u00e1c quan ch\u1ee9c \u0111ang \u0111\u1ea9y l\u00e3i su\u1ea5t ng\u1eafn h\u1ea1n l\u00ean cao, nh\u01b0ng th\u1ecb tr\u01b0\u1eddng \u0111ang \u0111\u1eb7t c\u01b0\u1ee3c v\u00e0o \u201cnh\u1eefng b\u01b0\u1edbc \u0111i nh\u1ecf, t\u1ed1c \u0111\u1ed9 nhanh\u201d thay v\u00ec c\u00e1ch ti\u1ebfp c\u1eadn \u201cm\u1ed9t b\u01b0\u1edbc\u201d. L\u00fd do c\u1ed1t l\u00f5i c\u1ee7a vi\u1ec7c t\u0103ng 50 \u0111i\u1ec3m c\u01a1 b\u1ea3n l\u00e0 \u0111\u1ec3 duy tr\u00ec uy t\u00edn (tuy\u00ean b\u1ed1 c\u1ee7a Waller v\u00e0 Singh v\u1ec1 vi\u1ec7c \u201cb\u1ecb bu\u1ed9c ph\u1ea3i t\u0103ng t\u1ed1c do ho\u00e0n c\u1ea3nh ch\u1eadm tr\u1ec5\u201d), trong khi l\u00fd do c\u1ed1t l\u00f5i c\u1ee7a vi\u1ec7c t\u0103ng 25 \u0111i\u1ec3m c\u01a1 b\u1ea3n li\u00ean ti\u1ebfp l\u00e0 \u0111\u1ec3 tr\u00e1nh l\u00e0m gi\u00e1n \u0111o\u1ea1n khu\u00f4n kh\u1ed5 ch\u00ednh s\u00e1ch v\u00e0 t\u1ed1c \u0111\u1ed9 truy\u1ec1n th\u00f4ng th\u1ecb tr\u01b0\u1eddng. C\u00e1i tr\u01b0\u1edbc x\u00e1c \u0111\u1ecbnh t\u1ed1c \u0111\u1ed9 t\u0103ng l\u00e3i su\u1ea5t, trong khi c\u00e1i sau x\u00e1c \u0111\u1ecbnh gi\u00e1 tr\u1ecb cu\u1ed1i c\u00f9ng c\u1ee7a l\u00e3i su\u1ea5t - t\u00e1c \u0111\u1ed9ng c\u1ee7a ch\u00fang l\u00ean h\u00ecnh d\u1ea1ng \u0111\u01b0\u1eddng cong, t\u1ed1c \u0111\u1ed9 c\u1ee7a \u0111\u1ed3ng \u0111\u00f4 la v\u00e0 t\u00e0i s\u1ea3n r\u1ee7i ro l\u00e0 ho\u00e0n to\u00e0n kh\u00e1c nhau v\u00e0 kh\u00f4ng th\u1ec3 nh\u1ea7m l\u1eabn. \u0110\u00e2y l\u00e0 l\u00fd do t\u1ea1i sao c\u00f3 s\u1ef1 \u0111\u1ed3ng thu\u1eadn r\u1eb1ng \u201cv\u1ec1 c\u01a1 b\u1ea3n th\u00ec \u00edt nh\u1ea5t 25 \u0111i\u1ec3m c\u01a1 b\u1ea3n l\u00e0 ch\u1eafc ch\u1eafn\u201d (Polcelli), trong khi \u201c50 \u0111i\u1ec3m c\u01a1 b\u1ea3n\u201d v\u1eabn ch\u1ec9 l\u00e0 r\u1ee7i ro \u0111u\u00f4i.<\/p>\n
![\"\u5c40\u90e8\u622a\u53d6_20261111_154504\"](\"https:\/\/www.mdwcc.com\/wp-content\/uploads\/2026\/11\/20261111_154504.png\")
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S\u1ef1 chuy\u1ec3n \u0111\u1ed5i t\u1eeb \u201cc\u00fa s\u1ed1c x\u1ea3y ra m\u1ed9t l\u1ea7n\u201d sang \u201cc\u00fa s\u1ed1c nhu c\u1ea7u tr\u00ean di\u1ec7n r\u1ed9ng\u201d v\u00e0 s\u1ef1 h\u00ecnh th\u00e0nh b\u1eb1ng ch\u1ee9ng xuy\u00ean v\u0103n b\u1ea3n v\u1edbi l\u0129nh v\u1ef1c n\u0103ng l\u01b0\u1ee3ng.<\/h2>\n
Hai b\u1ed9 d\u1eef li\u1ec7u, t\u1eeb nh\u1eefng quan \u0111i\u1ec3m kh\u00e1c nhau, \u0111\u1ec1u \u0111\u01b0a ra c\u00f9ng m\u1ed9t k\u1ebft lu\u1eadn: \u00e1p l\u1ef1c v\u1ec1 gi\u00e1 \u0111\u00e3 v\u01b0\u1ee3t ra ngo\u00e0i ph\u1ea1m vi \u201cc\u00f3 th\u1ec3 gi\u1ea3i th\u00edch \u0111\u01b0\u1ee3c\u201d nh\u01b0 thu\u1ebf quan v\u00e0 n\u0103ng l\u01b0\u1ee3ng.<\/p>\n
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- B\u1ea3o hi\u1ec3m \u00f4 t\u00f4, giao th\u00f4ng c\u00f4ng c\u1ed9ng v\u00e0 d\u1ecbch v\u1ee5 y t\u1ebf t\u0103ng ngo\u00e0i mong \u0111\u1ee3i; c\u00e1c l\u0129nh v\u1ef1c nh\u1ea1y c\u1ea3m v\u1edbi chi ph\u00ed v\u1eadn chuy\u1ec3n, ch\u1eb3ng h\u1ea1n nh\u01b0 nh\u00e0 \u1edf v\u00e0 gi\u1ea3i tr\u00ed, c\u0169ng g\u1eb7p \u00e1p l\u1ef1c (Pimco Wilding).<\/li>\n
- H\u00e0ng h\u00f3a b\u00e1n l\u1ebb ho\u1ea1t \u0111\u1ed9ng m\u1ea1nh m\u1ebd ngay c\u1ea3 sau \u0111\u1ee3t gi\u1ea3m gi\u00e1 Prime Day; TV v\u00e0 \u0111i\u1ec7n tho\u1ea1i th\u00f4ng minh ch\u1ee9ng ki\u1ebfn \u200b\u200bm\u1ee9c t\u0103ng gi\u00e1 \u0111\u00e1ng k\u1ec3 do chi ph\u00ed linh ki\u1ec7n AI t\u0103ng cao.<\/li>\n
- Jeffrey Simmons g\u1ecdi \u0111\u00f3 l\u00e0 \u201c\u0111\u00f2n \u0111\u1eadp chu\u1ed9t\u201d: khi gi\u00e1 c\u1ee7a m\u1ed9t danh m\u1ee5c gi\u1ea3m xu\u1ed1ng, m\u1ed9t danh m\u1ee5c kh\u00e1c m\u00e0 c\u00e1c c\u00f4ng ty b\u1ecb \u00e1p l\u1ef1c tr\u01b0\u1edbc \u0111\u00f3 s\u1ebd t\u1eadn d\u1ee5ng c\u01a1 h\u1ed9i \u0111\u1ec3 t\u0103ng gi\u00e1.<\/li>\n<\/ul>\n
\u0110i\u1ec1u n\u00e0y th\u1ec3 hi\u1ec7n m\u1ed1i t\u01b0\u01a1ng quan ch\u1eb7t ch\u1ebd gi\u1eefa c\u00e1c nguy\u00ean li\u1ec7u, ho\u00e0n to\u00e0n ph\u00f9 h\u1ee3p v\u1edbi ph\u00e2n t\u00edch tr\u01b0\u1edbc \u0111\u00e2y c\u1ee7a ch\u00fang t\u00f4i v\u1ec1 chu\u1ed7i cung \u1ee9ng d\u1ea7u th\u00f4. Trong khi gi\u00e1 d\u1ea7u th\u00f4 g\u1ea7n \u0111\u00e2y \u0111\u00e3 gi\u1ea3m h\u01a1n 20%, gi\u00e1 d\u1ea7u diesel, t\u1eebng nhanh ch\u00f3ng v\u01b0\u1ee3t m\u1ee9c 6,50 USD\/gallon v\u00e0o th\u00e1ng 9, v\u1eabn \u1edf m\u1ee9c kho\u1ea3ng 6,10 USD trong tu\u1ea7n n\u00e0y. L\u1eddi gi\u1ea3i th\u00edch c\u1ee7a Waller r\u1ea5t \u0111\u00fang: s\u1ef1 ph\u1ee5c h\u1ed3i c\u1ee7a ngu\u1ed3n cung n\u0103ng l\u01b0\u1ee3ng kh\u00f4ng ch\u1ec9 ph\u1ee5 thu\u1ed9c v\u00e0o v\u1eadn chuy\u1ec3n d\u1ea7u th\u00f4 m\u00e0 c\u00f2n ph\u1ee5 thu\u1ed9c v\u00e0o c\u00f4ng su\u1ea5t l\u1ecdc d\u1ea7u, \u0111\u1ed3ng th\u1eddi c\u00e1c c\u01a1 s\u1edf l\u1ecdc d\u1ea7u to\u00e0n c\u1ea7u \u0111\u00e3 b\u1ecb h\u01b0 h\u1ea1i nghi\u00eam tr\u1ecdng v\u00e0 kh\u00f3 c\u00f3 th\u1ec3 ph\u1ee5c h\u1ed3i trong th\u1eddi gian ng\u1eafn. \u0110i\u1ec1u n\u00e0y ng\u1ee5 \u00fd m\u1ed9t k\u00eanh b\u1ecb ch\u1eb7n gi\u1eefa s\u1ef1 s\u1ee5t gi\u1ea3m c\u1ee7a gi\u00e1 d\u1ea7u th\u00f4 th\u01b0\u1ee3ng ngu\u1ed3n v\u00e0 s\u1ef1 s\u1ee5t gi\u1ea3m chi ph\u00ed n\u0103ng l\u01b0\u1ee3ng c\u1ee7a ng\u01b0\u1eddi d\u00f9ng cu\u1ed1i.<\/p>\n
S\u1ef1 nh\u1ea5n m\u1ea1nh nhi\u1ec1u l\u1ea7n tr\u01b0\u1edbc \u0111\u00e2y c\u1ee7a ACE Markets v\u1ec1 \u201cm\u1ed1i li\u00ean h\u1ec7 v\u1eadn t\u1ea3i-l\u1ecdc h\u00f3a t\u1ea1o ra c\u00fa s\u1ed1c l\u1ea1m ph\u00e1t th\u1ee9 c\u1ea5p\u201d \u0111\u00e3 \u0111\u01b0\u1ee3c x\u00e1c nh\u1eadn tr\u1ef1c ti\u1ebfp b\u1eb1ng c\u00e1c tuy\u00ean b\u1ed1 ch\u00ednh th\u1ee9c: ngay c\u1ea3 khi gi\u00e1 d\u1ea7u ti\u1ebfp t\u1ee5c gi\u1ea3m, l\u1ea1m ph\u00e1t c\u00f3 th\u1ec3 kh\u00f4ng c\u1ea3i thi\u1ec7n song song; s\u1ef1 truy\u1ec1n t\u1ea3i ch\u1eadm tr\u1ec5 c\u1ee7a gi\u00e1 n\u0103ng l\u01b0\u1ee3ng t\u1edbi l\u1ea1m ph\u00e1t c\u01a1 b\u1ea3n v\u1eabn l\u00e0 m\u1ed9t ngu\u1ed3n r\u1ee7i ro t\u0103ng gi\u00e1. T\u01b0\u01a1ng t\u1ef1, s\u1ef1 gi\u00e1n \u0111o\u1ea1n h\u1eadu c\u1ea7n theo h\u01b0\u1edbng Hormuz v\u00e0 Bi\u1ec3n \u0110\u1ecf s\u1ebd \u0111\u01b0\u1ee3c ph\u1ea3n \u00e1nh trong gi\u00e1 d\u1ea7u tinh ch\u1ebf v\u00e0 d\u1ecbch v\u1ee5 v\u1eadn t\u1ea3i v\u1edbi \u0111\u1ed9 tr\u1ec5 th\u1eddi gian d\u00e0i h\u01a1n. Waller \u0111\u1ecbnh ngh\u0129a th\u00eam hi\u1ec7n t\u01b0\u1ee3ng n\u00e0y l\u00e0 m\u1ed9t \u201cc\u00fa s\u1ed1c nhu c\u1ea7u tr\u00ean di\u1ec7n r\u1ed9ng\u201d ch\u1ee9 kh\u00f4ng ph\u1ea3i l\u00e0 nh\u1eefng bi\u1ebfn \u0111\u1ed9ng t\u1ea1m th\u1eddi trong m\u1ed9t s\u1ed1 ng\u00e0nh, \u0111\u1eb7c bi\u1ec7t \u0111\u1ec1 c\u1eadp \u0111\u1ebfn l\u1ef1c c\u1ea7u do x\u00e2y d\u1ef1ng c\u01a1 s\u1edf h\u1ea1 t\u1ea7ng AI t\u1ea1o ra - \u0111i\u1ec1u n\u00e0y li\u00ean k\u1ebft l\u1ea1m ph\u00e1t v\u1edbi chu k\u1ef3 v\u1ed1n AI.<\/p>\n
![\"\u5c40\u90e8\u622a\u53d6_20261111_155051\"](\"https:\/\/www.mdwcc.com\/wp-content\/uploads\/2026\/11\/20261111_155051.png\")
<\/p>\nN\u00f3 v\u1eeba l\u00e0 nguy\u00ean nh\u00e2n g\u00e2y ra l\u1ea1m ph\u00e1t v\u1eeba l\u00e0 \u201cs\u1ef1 t\u0103ng l\u00e3i su\u1ea5t ng\u1ea7m\u201d.<\/h2>\n
Hai b\u00e1o c\u00e1o n\u00e0y b\u1ed5 sung r\u00f5 r\u00e0ng nh\u1ea5t v\u1ec1 quan \u0111i\u1ec3m v\u1ec1 AI: m\u1ed9t b\u00e1o c\u00e1o th\u1ea3o lu\u1eadn v\u1ec1 c\u00e1ch AI l\u00e0m t\u0103ng chi ph\u00ed c\u1ee7a c\u00e1c linh ki\u1ec7n \u0111i\u1ec7n t\u1eed, trong khi b\u00e1o c\u00e1o c\u00f2n l\u1ea1i th\u1ea3o lu\u1eadn v\u1ec1 vi\u1ec7c \u0111\u00e1nh gi\u00e1 l\u1ea1i l\u1ee3i nhu\u1eadn c\u1ee7a AI s\u1ebd t\u00e1c \u0111\u1ed9ng nh\u01b0 th\u1ebf n\u00e0o \u0111\u1ebfn c\u1ed5 phi\u1ebfu c\u00f4ng ngh\u1ec7 v\u00e0 t\u0103ng chi ph\u00ed t\u00e0i ch\u00ednh cho c\u00e1c c\u00f4ng ty li\u00ean quan (nh\u01b0 Bowman \u0111\u00e3 n\u00eau r\u00f5 r\u00e0ng). ACE Markets tin r\u1eb1ng \u0111\u00e2y ch\u00ednh x\u00e1c l\u00e0 g\u1ed1c r\u1ec5 c\u1ea5u tr\u00fac c\u1ee7a t\u00ecnh th\u1ebf ti\u1ebfn tho\u00e1i l\u01b0\u1ee1ng nan c\u1ee7a Fed \u2014 c\u00f9ng m\u1ed9t bi\u1ebfn s\u1ed1 ho\u1ea1t \u0111\u1ed9ng theo hai h\u01b0\u1edbng c\u00f9ng m\u1ed9t l\u00fac:<\/p>\n
- \n
- Ti\u1ec1m n\u0103ng t\u0103ng tr\u01b0\u1edfng: Ph\u00e1t tri\u1ec3n c\u01a1 s\u1edf h\u1ea1 t\u1ea7ng AI th\u00fac \u0111\u1ea9y nhu c\u1ea7u, \u0111\u1ea9y gi\u00e1 linh ki\u1ec7n, thi\u1ebft b\u1ecb t\u0103ng cao v\u00e0 khi\u1ebfn l\u1ea1m ph\u00e1t lan r\u1ed9ng h\u01a1n;<\/li>\n
- Nh\u01b0\u1ee3c \u0111i\u1ec3m: Vi\u1ec7c \u0111\u00e1nh gi\u00e1 l\u1ea1i \u0111\u1ecbnh gi\u00e1 do AI th\u00fac \u0111\u1ea9y d\u1eabn \u0111\u1ebfn gi\u00e1 c\u1ed5 phi\u1ebfu gi\u1ea3m, chi ph\u00ed t\u00e0i ch\u00ednh t\u0103ng v\u00e0 c\u00e1c \u0111i\u1ec1u ki\u1ec7n t\u00e0i ch\u00ednh b\u1ecb th\u1eaft ch\u1eb7t m\u1ed9t c\u00e1ch t\u1ef1 ph\u00e1t, thay th\u1ebf m\u1ed9t ph\u1ea7n ch\u1ee9c n\u0103ng t\u0103ng l\u00e3i su\u1ea5t theo ch\u00ednh s\u00e1ch.<\/li>\n<\/ul>\n
Do \u0111\u00f3, \u0111\u00e1nh gi\u00e1 c\u1ee7a Bowman mang h\u00e0m \u00fd ch\u00ednh s\u00e1ch: trong b\u1ed1i c\u1ea3nh m\u00f4i tr\u01b0\u1eddng t\u00e0i ch\u00ednh v\u1ed1n \u0111\u00e3 th\u1eaft ch\u1eb7t, \u201cl\u1ee3i \u00edch c\u1ee7a vi\u1ec7c th\u1eaft ch\u1eb7t h\u01a1n n\u1eefa ph\u1ea3i \u0111\u01b0\u1ee3c c\u00e2n nh\u1eafc c\u1ea9n th\u1eadn v\u1edbi chi ph\u00ed\u201d. N\u00f3i c\u00e1ch kh\u00e1c, \u0111\u1ee3t b\u00e1n th\u00e1o \u1ed3 \u1ea1t c\u1ed5 phi\u1ebfu c\u00f4ng ngh\u1ec7 v\u00e0o tu\u1ea7n tr\u01b0\u1edbc \u0111\u00e3 ho\u00e0n th\u00e0nh m\u1ed9t s\u1ed1 c\u00f4ng vi\u1ec7c th\u1eaft ch\u1eb7t \u0111\u1ed1i v\u1edbi C\u1ee5c D\u1ef1 tr\u1eef Li\u00ean bang. \u0110i\u1ec1u n\u00e0y c\u0169ng gi\u1ea3i th\u00edch t\u1ea1i sao c\u00f3 s\u1ef1 \u0111\u1ed3ng thu\u1eadn v\u1ec1 vi\u1ec7c \u201cc\u00f3 n\u00ean t\u0103ng l\u00e3i su\u1ea5t hay kh\u00f4ng\u201d, nh\u01b0ng l\u1ea1i c\u00f3 s\u1ef1 kh\u00e1c bi\u1ec7t l\u1edbn v\u1ec1 \u201ct\u0103ng bao nhi\u00eau\u201d - b\u1edfi v\u00ec v\u1edbi c\u00e1c \u0111i\u1ec1u ki\u1ec7n t\u00e0i ch\u00ednh \u0111\u00e3 th\u1eaft ch\u1eb7t m\u1ed9t c\u00e1ch t\u1ef1 ph\u00e1t, nhu c\u1ea7u c\u1eadn bi\u00ean v\u1ec1 vi\u1ec7c t\u0103ng l\u00e3i su\u1ea5t \u0111\u00e3 gi\u1ea3m \u0111i, trong khi t\u1ea7m quan tr\u1ecdng c\u1eadn bi\u00ean c\u1ee7a ni\u1ec1m tin c\u00f4ng ch\u00fang \u0111\u00e3 t\u0103ng l\u00ean, c\u1ea3 hai \u0111\u1ec1u ch\u1ec9 ra nh\u1eefng l\u1ef1a ch\u1ecdn kh\u00e1c nhau v\u1ec1 m\u1ee9c \u0111\u1ed9 t\u0103ng l\u00e3i su\u1ea5t.<\/p>\n
Ch\u1ee7 t\u1ecbch Walsh, ng\u01b0\u1eddi m\u1edbi nh\u1eadm ch\u1ee9c n\u0103m nay, hi\u1ebfm khi c\u00f4ng khai ph\u00e1t bi\u1ec3u v\u1ec1 c\u00e1ch \u00f4ng s\u1ebd h\u00e0nh \u0111\u1ed9ng tr\u01b0\u1edbc nh\u1eefng d\u1eef li\u1ec7u l\u1ea1m ph\u00e1t nh\u01b0 v\u1eady. C\u1ea3 hai b\u00e1o c\u00e1o \u0111\u1ec1u ch\u1ec9 ra r\u1eb1ng c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 c\u1ea7n \u0111\u01b0a ra \u0111\u00e1nh gi\u00e1 c\u1ee7a ri\u00eang m\u00ecnh: li\u1ec7u \u00f4ng s\u1ebd ti\u1ebfp t\u1ee5c ph\u01b0\u01a1ng ph\u00e1p \u0111i\u1ec1u ch\u1ec9nh d\u1ea7n d\u1ea7n truy\u1ec1n th\u1ed1ng hay ch\u1ea5p nh\u1eadn th\u1eaft ch\u1eb7t l\u1edbn h\u01a1n v\u00e0 nhanh h\u01a1n? ACE Markets g\u1ee3i \u00fd r\u1eb1ng kho\u1ea3ng tr\u1ed1ng th\u00f4ng tin t\u1eeb ch\u1ee7 t\u1ecbch m\u1edbi s\u1ebd \u0111\u01b0\u1ee3c th\u1ecb tr\u01b0\u1eddng \u0111\u1ecbnh gi\u00e1 tr\u1ef1c ti\u1ebfp v\u00e0o ph\u1ea7n b\u00f9 r\u1ee7i ro, bi\u1ec3u hi\u1ec7n l\u00e0 s\u1ef1 bi\u1ebfn \u0111\u1ed9ng ng\u1eafn h\u1ea1n v\u00e0 b\u1ea5t \u1ed5n gia t\u0103ng \u1edf ph\u1ea7n \u0111\u1ea7u c\u1ee7a \u0111\u01b0\u1eddng cong l\u1ee3i su\u1ea5t. Ch\u00eca kh\u00f3a c\u1ee7a cu\u1ed9c h\u1ecdp ng\u00e0y 8-9 th\u00e1ng 12 c\u00f3 th\u1ec3 kh\u00f4ng ph\u1ea3i l\u00e0 b\u1ea3n th\u00e2n 25 \u0111i\u1ec3m c\u01a1 b\u1ea3n, m\u00e0 l\u00e0 li\u1ec7u c\u00e1ch di\u1ec5n \u0111\u1ea1t sau cu\u1ed9c h\u1ecdp c\u00f3 t\u1ea1o c\u01a1 h\u1ed9i cho vi\u1ec7c \u201cti\u1ebfp t\u1ee5c t\u0103ng l\u00e3i su\u1ea5t v\u00e0o th\u00e1ng 1\u201d hay kh\u00f4ng \u2013 t\u1ea7m quan tr\u1ecdng l\u00e0 c\u00e2u tr\u1ea3 l\u1eddi c\u1ee7a cu\u1ed9c h\u1ecdp n\u00e0y, nh\u01b0ng c\u00e1ch di\u1ec5n \u0111\u1ea1t l\u00e0 c\u00e2u tr\u1ea3 l\u1eddi cho l\u1ed9 tr\u00ecnh trong ba th\u00e1ng t\u1edbi.<\/p>\n
![](\"https:\/\/www.mdwcc.com\/wp-content\/uploads\/2026\/11\/word-image-10053-5.png\")
<\/p>\nDanh s\u00e1ch ki\u1ec3m tra theo d\u00f5i v\u00e0 m\u00f4 ph\u1ecfng k\u1ecbch b\u1ea3n th\u1ecb tr\u01b0\u1eddng ACE<\/h2>\n
K\u1ecbch b\u1ea3n c\u01a1 b\u1ea3n: <\/strong>M\u1ed9t \u0111\u1ee3t t\u0103ng l\u00e3i su\u1ea5t 25 \u0111i\u1ec3m c\u01a1 b\u1ea3n v\u00e0o th\u00e1ng 12, ti\u1ebfp theo l\u00e0 m\u1ed9t \u0111\u1ee3t t\u0103ng l\u00e3i su\u1ea5t 25 \u0111i\u1ec3m c\u01a1 b\u1ea3n kh\u00e1c v\u00e0o th\u00e1ng 1, \u00e1p d\u1ee5ng c\u00e1ch ti\u1ebfp c\u1eadn \u201cnh\u1ecf, li\u00ean t\u1ee5c\u201d thay v\u00ec t\u0103ng \u201c\u0111\u01a1n l\u1ebb, quy m\u00f4 l\u1edbn\u201d, v\u1edbi c\u00e1ch di\u1ec5n \u0111\u1ea1t c\u00f3 ch\u1ed7 cho h\u00e0nh \u0111\u1ed9ng trong t\u01b0\u01a1ng lai. L\u00e3i su\u1ea5t ng\u1eafn h\u1ea1n dao \u0111\u1ed9ng \u1edf m\u1ee9c cao, \u0111\u01b0\u1eddng cong l\u1ee3i su\u1ea5t t\u01b0\u01a1ng \u0111\u1ed1i b\u1eb1ng ph\u1eb3ng \u1edf ph\u1ea7n \u0111\u1ea7u v\u00e0 \u0111\u1ed3ng \u0111\u00f4 la M\u1ef9 t\u01b0\u01a1ng \u0111\u1ed1i b\u1eb1ng ph\u1eb3ng nh\u01b0ng c\u00f3 tr\u1ea7n h\u01b0\u1edbng l\u00ean.<\/p>\n
R\u1ee7i ro t\u0103ng gi\u00e1: <\/strong>N\u1ebfu l\u1ea1m ph\u00e1t v\u00e0 vi\u1ec7c l\u00e0m qu\u00e1 n\u00f3ng tr\u1edf l\u1ea1i v\u00e0o th\u00e1ng 11, PCE c\u1ed1t l\u00f5i \u0111\u1ea1t m\u1ee9c 4%, gi\u00e1 d\u1ea7u diesel v\u00e0 d\u1ecbch v\u1ee5 v\u1eadn t\u1ea3i t\u0103ng l\u00ean, x\u00e1c su\u1ea5t t\u0103ng 50 \u0111i\u1ec3m c\u01a1 b\u1ea3n s\u1ebd t\u0103ng \u0111\u00e1ng k\u1ec3, l\u1ee3i su\u1ea5t hai n\u0103m s\u1ebd th\u00e1ch th\u1ee9c c\u00e1c m\u1ee9c cao tr\u01b0\u1edbc \u0111\u00f3, \u0111\u01b0\u1eddng cong l\u1ee3i su\u1ea5t s\u1ebd ph\u1eb3ng h\u01a1n n\u1eefa, v\u00e0 c\u00e1c l\u0129nh v\u1ef1c c\u00f4ng ngh\u1ec7 v\u00e0 \u0111\u1ecbnh gi\u00e1 cao s\u1ebd ch\u1ecbu \u00e1p l\u1ef1c.<\/p>\n
R\u1ee7i ro nh\u01b0\u1ee3c \u0111i\u1ec3m: <\/strong>Ch\u00eanh l\u1ec7ch t\u00edn d\u1ee5ng li\u00ean quan \u0111\u1ebfn AI ti\u1ebfp t\u1ee5c m\u1edf r\u1ed9ng, \u0111i\u1ec1u ki\u1ec7n t\u00e0i ch\u00ednh doanh nghi\u1ec7p b\u1ecb th\u1eaft ch\u1eb7t h\u01a1n n\u1eefa, vi\u1ec7c l\u00e0m suy y\u1ebfu \u0111\u00e1ng k\u1ec3, Fed c\u00f3 th\u1ec3 gi\u1ea3m t\u1ed1c \u0111\u1ed9, l\u00e3i su\u1ea5t ng\u1eafn h\u1ea1n gi\u1ea3m v\u00e0 \u0111\u01b0\u1eddng cong l\u1ee3i su\u1ea5t d\u1ed1c d\u1ea7n ph\u1ee5c h\u1ed3i.<\/p>\n
Ch\u00fang t\u00f4i khuy\u00ean b\u1ea1n n\u00ean \u01b0u ti\u00ean theo d\u00f5i n\u0103m t\u00edn hi\u1ec7u c\u00f3 li\u00ean quan v\u1edbi nhau: b\u00e1o c\u00e1o vi\u1ec7c l\u00e0m v\u00e0 CPI th\u00e1ng 11, ch\u1ec9 s\u1ed1 th\u1ef1c t\u1ebf PCE c\u1ed1t l\u00f5i, gi\u00e1 d\u1ea7u diesel v\u00e0 t\u1ef7 l\u1ec7 s\u1eed d\u1ee5ng nh\u00e0 m\u00e1y l\u1ecdc d\u1ea7u to\u00e0n c\u1ea7u, ch\u00eanh l\u1ec7ch t\u00edn d\u1ee5ng v\u00e0 h\u01b0\u1edbng d\u1eabn chi ti\u00eau v\u1ed1n cho c\u00e1c c\u00f4ng ty li\u00ean quan \u0111\u1ebfn AI v\u00e0 tuy\u00ean b\u1ed1 r\u00f5 r\u00e0ng \u0111\u1ea7u ti\u00ean c\u1ee7a Warsh. V\u00f2ng v\u1eadn \u0111\u1ed9ng ch\u00ednh s\u00e1ch n\u00e0y c\u00f3 th\u1ec3 \u0111\u01b0\u1ee3c t\u00f3m t\u1eaft trong m\u1ed9t c\u00e2u: d\u1eef li\u1ec7u x\u00e1c th\u1ef1c c\u00e1c ng\u01b0\u1ee1ng do c\u00e1c quan ch\u1ee9c \u0111\u1eb7t ra, c\u00e1c tuy\u00ean b\u1ed1 c\u1ee7a c\u00e1c quan ch\u1ee9c \u0111\u00e3 \u0111\u1ea9y l\u00e3i su\u1ea5t ng\u1eafn h\u1ea1n l\u00ean cao, nh\u01b0ng th\u1ecb tr\u01b0\u1eddng \u0111\u00e3 ch\u1ecdn m\u1ed9t con \u0111\u01b0\u1eddng kh\u00e1c th\u00f4ng qua vi\u1ec7c \u0111\u1ecbnh gi\u00e1 h\u1ee3p \u0111\u1ed3ng t\u01b0\u01a1ng lai. L\u1ea1m ph\u00e1t \u0111\u00e3 chuy\u1ec3n t\u1eeb c\u00fa s\u1ed1c x\u1ea3y ra m\u1ed9t l\u1ea7n c\u00f3 th\u1ec3 gi\u1ea3i th\u00edch \u0111\u01b0\u1ee3c sang c\u00fa s\u1ed1c c\u1ea7u tr\u00ean di\u1ec7n r\u1ed9ng. AI \u0111\u1ed3ng th\u1eddi \u0111\u00f3ng vai tr\u00f2 k\u00e9p v\u1eeba l\u00e0 t\u00e1c nh\u00e2n th\u00fac \u0111\u1ea9y l\u1ea1m ph\u00e1t v\u1eeba l\u00e0 c\u01a1 ch\u1ebf th\u1eaft ch\u1eb7t ti\u1ec1m \u1ea9n, do \u0111\u00f3 l\u00e0m gi\u1ea3m bi\u00ean \u0111\u1ed9 sai s\u00f3t c\u1ee7a Fed theo c\u1ea3 hai h\u01b0\u1edbng.<\/p>","protected":false},"excerpt":{"rendered":"
T\u00ecm hi\u1ec3u c\u00e1ch CPI th\u00e1ng 10 \u0111\u00e1p \u1ee9ng ng\u01b0\u1ee1ng 0,3% c\u1ee7a Fed, t\u1ea1i sao h\u1ee3p \u0111\u1ed3ng t\u01b0\u01a1ng lai v\u1eabn \u0111\u1ecbnh gi\u00e1 \u1edf m\u1ee9c 25 \u0111i\u1ec3m c\u01a1 b\u1ea3n sau m\u1ed9t l\u1ea7n t\u0103ng 50 \u0111i\u1ec3m c\u01a1 b\u1ea3n v\u00e0 ACE Markets s\u1ebd theo d\u00f5i \u0111i\u1ec1u g\u00ec ti\u1ebfp theo.<\/p>","protected":false},"author":1,"featured_media":10054,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[115],"tags":[1055,1053,1054],"class_list":["post-10053","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-financial-news","tag-core-cpi","tag-fed-rate-hike-path","tag-october-cpi"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.mdwcc.com\/vi\/wp-json\/wp\/v2\/posts\/10053","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.mdwcc.com\/vi\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.mdwcc.com\/vi\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.mdwcc.com\/vi\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.mdwcc.com\/vi\/wp-json\/wp\/v2\/comments?post=10053"}],"version-history":[{"count":1,"href":"https:\/\/www.mdwcc.com\/vi\/wp-json\/wp\/v2\/posts\/10053\/revisions"}],"predecessor-version":[{"id":10059,"href":"https:\/\/www.mdwcc.com\/vi\/wp-json\/wp\/v2\/posts\/10053\/revisions\/10059"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.mdwcc.com\/vi\/wp-json\/wp\/v2\/media\/10054"}],"wp:attachment":[{"href":"https:\/\/www.mdwcc.com\/vi\/wp-json\/wp\/v2\/media?parent=10053"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.mdwcc.com\/vi\/wp-json\/wp\/v2\/categories?post=10053"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.mdwcc.com\/vi\/wp-json\/wp\/v2\/tags?post=10053"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}