{"id":7530,"date":"2025-08-20T08:41:45","date_gmt":"2025-08-20T08:41:45","guid":{"rendered":"https:\/\/www.mdwcc.com\/?p=7530"},"modified":"2025-09-23T01:41:12","modified_gmt":"2025-09-23T01:41:12","slug":"the-suspense-of-easing-amid-contradictory-data-fed-rate-cut-expectations-and-powells-key-statement","status":"publish","type":"post","link":"https:\/\/www.mdwcc.com\/vi\/the-suspense-of-easing-amid-contradictory-data-fed-rate-cut-expectations-and-powells-key-statement\/","title":{"rendered":"S\u1ef1 h\u1ed3i h\u1ed9p c\u1ee7a vi\u1ec7c n\u1edbi l\u1ecfng gi\u1eefa d\u1eef li\u1ec7u tr\u00e1i chi\u1ec1u: K\u1ef3 v\u1ecdng c\u1eaft gi\u1ea3m l\u00e3i su\u1ea5t c\u1ee7a Fed v\u00e0 tuy\u00ean b\u1ed1 quan tr\u1ecdng c\u1ee7a Powell"},"content":{"rendered":"

Hi\u1ec7n t\u1ea1i, th\u1ecb tr\u01b0\u1eddng to\u00e0n c\u1ea7u \u0111ang t\u1eadp trung v\u00e0o \u0111\u1ecbnh h\u01b0\u1edbng ch\u00ednh s\u00e1ch c\u1ee7a C\u1ee5c D\u1ef1 tr\u1eef Li\u00ean bang, \u0111\u1eb7c bi\u1ec7t l\u00e0 cu\u1ed9c h\u1ecdp s\u1eafp t\u1edbi v\u00e0o th\u00e1ng 9 v\u00e0 b\u00e0i ph\u00e1t bi\u1ec3u c\u1ee7a Ch\u1ee7 t\u1ecbch Powell t\u1ea1i H\u1ed9i ngh\u1ecb Ch\u00ednh s\u00e1ch Kinh t\u1ebf Jackson Hole. D\u1eef li\u1ec7u kinh t\u1ebf, bao g\u1ed3m vi\u1ec7c l\u00e0m v\u00e0 l\u1ea1m ph\u00e1t, v\u1ebd n\u00ean m\u1ed9t b\u1ee9c tranh ph\u1ee9c t\u1ea1p, v\u1edbi s\u1ef1 kh\u00e1c bi\u1ec7t \u0111\u00e1ng k\u1ec3 gi\u1eefa c\u00e1c t\u1ed5 ch\u1ee9c v\u00e0 nh\u00e0 ph\u00e2n t\u00edch v\u1ec1 th\u1eddi \u0111i\u1ec3m v\u00e0 quy m\u00f4 c\u1ee7a b\u1ea5t k\u1ef3 \u0111\u1ee3t c\u1eaft gi\u1ea3m l\u00e3i su\u1ea5t n\u00e0o. Th\u1ecb tr\u01b0\u1eddng \u0111ang ph\u1ea3i c\u00e2n b\u1eb1ng gi\u1eefa k\u1ef3 v\u1ecdng n\u1edbi l\u1ecfng ch\u00ednh s\u00e1ch v\u00e0 nh\u1eefng r\u1ee7i ro ti\u1ec1m \u1ea9n.<\/p>\n

Cu\u1ed9c chi\u1ebfn gi\u1eb1ng co gi\u1eefa th\u1ecb tr\u01b0\u1eddng lao \u0111\u1ed9ng \u0111ang ngu\u1ed9i l\u1ea1nh v\u00e0 l\u1ea1m ph\u00e1t dai d\u1eb3ng<\/h4>\n

D\u1eef li\u1ec7u kinh t\u1ebf g\u1ea7n \u0111\u00e2y v\u1ebd n\u00ean m\u1ed9t b\u1ee9c tranh tr\u00e1i chi\u1ec1u. V\u1ec1 vi\u1ec7c l\u00e0m, b\u00e1o c\u00e1o b\u1ea3ng l\u01b0\u01a1ng phi n\u00f4ng nghi\u1ec7p \u0111\u01b0\u1ee3c c\u00f4ng b\u1ed1 \u0111\u1ea7u th\u00e1ng 8 cho th\u1ea5y trung b\u00ecnh ba th\u00e1ng s\u1ed1 vi\u1ec7c l\u00e0m m\u1edbi \u0111\u00e3 gi\u1ea3m xu\u1ed1ng m\u1ee9c y\u1ebfu nh\u1ea5t k\u1ec3 t\u1eeb n\u0103m 2010, v\u1edbi d\u1eef li\u1ec7u c\u1ee7a th\u00e1ng 6 v\u00e0 th\u00e1ng 5 \u0111\u01b0\u1ee3c \u0111i\u1ec1u ch\u1ec9nh gi\u1ea3m \u0111\u00e1ng k\u1ec3, l\u00e0m n\u1ed5i b\u1eadt nh\u1eefng d\u1ea5u hi\u1ec7u c\u1ee7a m\u1ed9t th\u1ecb tr\u01b0\u1eddng lao \u0111\u1ed9ng \u0111ang ch\u1eadm l\u1ea1i. Tuy nhi\u00ean, s\u1ed1 \u0111\u01a1n xin tr\u1ee3 c\u1ea5p th\u1ea5t nghi\u1ec7p ban \u0111\u1ea7u v\u1eabn \u1edf m\u1ee9c th\u1ea5p, cho th\u1ea5y th\u1ecb tr\u01b0\u1eddng lao \u0111\u1ed9ng v\u1eabn ti\u1ebfp t\u1ee5c ph\u1ee5c h\u1ed3i. \u0110\u00e1ng ch\u00fa \u00fd h\u01a1n, Ch\u1ee7 t\u1ecbch C\u1ee5c D\u1ef1 tr\u1eef Li\u00ean bang St. Louis, Alberto Musallem, l\u01b0u \u00fd r\u1eb1ng t\u0103ng tr\u01b0\u1edfng vi\u1ec7c l\u00e0m \u00e2m kh\u00f4ng nh\u1ea5t thi\u1ebft ch\u1ec9 ra m\u1ed9t th\u1ecb tr\u01b0\u1eddng lao \u0111\u1ed9ng l\u1ecfng l\u1ebbo. H\u01a1n n\u1eefa, v\u1edbi t\u00ecnh tr\u1ea1ng nh\u1eadp c\u01b0 \u0111ang g\u1ea7n nh\u01b0 tr\u00ec tr\u1ec7, \"t\u0103ng tr\u01b0\u1edfng vi\u1ec7c l\u00e0m h\u00f2a v\u1ed1n th\u1eadm ch\u00ed c\u00f3 th\u1ec3 \u0111\u00e3 gi\u1ea3m xu\u1ed1ng g\u1ea7n b\u1eb1ng 0\", l\u00e0m ph\u1ee9c t\u1ea1p th\u00eam vi\u1ec7c di\u1ec5n gi\u1ea3i \u0111\u1ed9ng l\u1ef1c c\u1ee7a th\u1ecb tr\u01b0\u1eddng lao \u0111\u1ed9ng.<\/p>\n

\"IMG_256\"<\/p>\n

D\u1eef li\u1ec7u l\u1ea1m ph\u00e1t l\u00e0m ph\u1ee9c t\u1ea1p vi\u1ec7c ho\u1ea1ch \u0111\u1ecbnh ch\u00ednh s\u00e1ch. Tu\u1ea7n tr\u01b0\u1edbc, ch\u1ec9 s\u1ed1 gi\u00e1 s\u1ea3n xu\u1ea5t (PPI) b\u1ea5t ng\u1edd t\u0103ng v\u1ecdt v\u00e0 ch\u1ec9 s\u1ed1 gi\u00e1 ti\u00eau d\u00f9ng (CPI) t\u01b0\u01a1ng \u0111\u1ed1i nh\u1eb9 \u0111\u00e3 c\u00f9ng nhau kh\u01a1i l\u1ea1i cu\u1ed9c tranh lu\u1eadn v\u1ec1 l\u1ea1m ph\u00e1t c\u1ee9ng nh\u1eafc. Th\u01b0\u1edbc \u0111o l\u1ea1m ph\u00e1t \u01b0a th\u00edch c\u1ee7a C\u1ee5c D\u1ef1 tr\u1eef Li\u00ean bang, ch\u1ec9 s\u1ed1 gi\u00e1 Chi ti\u00eau ti\u00eau d\u00f9ng c\u00e1 nh\u00e2n (PCE) c\u1ed1t l\u00f5i, d\u1ef1 ki\u1ebfn \u200b\u200bs\u1ebd \u0111\u1ea1t m\u1ee9c 3,1% h\u00e0ng n\u0103m trong qu\u00fd IV. M\u1ed9t cu\u1ed9c kh\u1ea3o s\u00e1t c\u1ee7a Fed Philadelphia \u0111\u1ed1i v\u1edbi c\u00e1c nh\u00e0 d\u1ef1 b\u00e1o chuy\u00ean nghi\u1ec7p cho th\u1ea5y t\u1ed1c \u0111\u1ed9 t\u0103ng tr\u01b0\u1edfng l\u1ea1m ph\u00e1t trung b\u00ecnh theo n\u0103m l\u00e0 3% trong qu\u00fd IV n\u0103m 2025, c\u1ea3 hai \u0111\u1ec1u cao h\u01a1n nhi\u1ec1u so v\u1edbi m\u1ee5c ti\u00eau ch\u00ednh th\u1ee9c 2% c\u1ee7a Fed. H\u01a1n n\u1eefa, d\u1eef li\u1ec7u doanh s\u1ed1 b\u00e1n l\u1ebb \u0111\u00e3 \u0111\u00e1p \u1ee9ng \u0111\u01b0\u1ee3c k\u1ef3 v\u1ecdng m\u1ea1nh m\u1ebd, cho th\u1ea5y kh\u1ea3 n\u0103ng ph\u1ee5c h\u1ed3i li\u00ean t\u1ee5c c\u1ee7a ng\u01b0\u1eddi ti\u00eau d\u00f9ng, l\u00e0m gia t\u0103ng th\u00eam s\u1ef1 kh\u00f4ng ch\u1eafc ch\u1eafn v\u1ec1 vi\u1ec7c l\u1ea1m ph\u00e1t s\u1ebd gi\u1ea3m. T\u00ecnh tr\u1ea1ng th\u1ecb tr\u01b0\u1eddng lao \u0111\u1ed9ng h\u1ea1 nhi\u1ec7t m\u00e0 kh\u00f4ng b\u1ecb \u0111\u00ecnh tr\u1ec7 v\u00e0 l\u1ea1m ph\u00e1t c\u1ee9ng nh\u1eafc dai d\u1eb3ng \u0111\u00e3 l\u00e0m x\u1ea5u \u0111i tri\u1ec3n v\u1ecdng cho nhi\u1ec7m v\u1ee5 k\u00e9p c\u1ee7a Fed (\u1ed5n \u0111\u1ecbnh gi\u00e1 c\u1ea3 v\u00e0 t\u1ed1i \u0111a h\u00f3a vi\u1ec7c l\u00e0m) k\u1ec3 t\u1eeb th\u00e1ng 6 n\u0103m ngo\u00e1i v\u00e0 \u0111\u1eb7t ra m\u1ed9t t\u00ecnh th\u1ebf ti\u1ebfn tho\u00e1i l\u01b0\u1ee1ng nan cho b\u1ea5t k\u1ef3 \u0111\u1ee3t c\u1eaft gi\u1ea3m l\u00e3i su\u1ea5t n\u00e0o.<\/p>\n

Tr\u00f2 ch\u01a1i v\u1ec1 th\u1eddi \u0111i\u1ec3m v\u00e0 m\u1ee9c \u0111\u1ed9 c\u1eaft gi\u1ea3m l\u00e3i su\u1ea5t<\/h4>\n

Tr\u01b0\u1edbc nh\u1eefng d\u1eef li\u1ec7u ph\u1ee9c t\u1ea1p, nhi\u1ec1u t\u1ed5 ch\u1ee9c v\u00e0 nh\u00e0 ph\u00e2n t\u00edch \u0111\u00e3 th\u1ec3 hi\u1ec7n s\u1ef1 kh\u00e1c bi\u1ec7t r\u00f5 r\u00e0ng trong \u0111\u00e1nh gi\u00e1 c\u1ee7a h\u1ecd v\u1ec1 l\u1ed9 tr\u00ecnh c\u1eaft gi\u1ea3m l\u00e3i su\u1ea5t c\u1ee7a Fed.<\/p>\n

Goldman Sachs l\u1ea1c quan h\u01a1n, cho r\u1eb1ng t\u0103ng tr\u01b0\u1edfng vi\u1ec7c l\u00e0m y\u1ebfu v\u00e0 lo ng\u1ea1i v\u1ec1 vi\u1ec7c \u0111i\u1ec1u ch\u1ec9nh d\u1eef li\u1ec7u kinh t\u1ebf theo h\u01b0\u1edbng ti\u00eau c\u1ef1c \u0111\u00e3 th\u00fac \u0111\u1ea9y C\u1ee5c D\u1ef1 tr\u1eef Li\u00ean bang (Fed) ti\u1ebfp t\u1ee5c c\u1eaft gi\u1ea3m l\u00e3i su\u1ea5t. B\u00e1o c\u00e1o c\u1ee7a Goldman Sachs d\u1ef1 \u0111o\u00e1n th\u1ecb tr\u01b0\u1eddng lao \u0111\u1ed9ng s\u1ebd v\u1eabn \"trung b\u00ecnh\" do c\u00e1c y\u1ebfu t\u1ed1 nh\u01b0 ho\u1ea1t \u0111\u1ed9ng kinh t\u1ebf ch\u1eadm l\u1ea1i, vi\u1ec7c c\u1eaft gi\u1ea3m nh\u00e2n s\u1ef1 Nh\u00e0 Tr\u1eafng v\u00e0 vi\u1ec7c si\u1ebft ch\u1eb7t th\u1ef1c thi lu\u1eadt nh\u1eadp c\u01b0. C\u00f9ng v\u1edbi b\u1ea5t \u1ed5n kinh t\u1ebf do thu\u1ebf quan g\u00e2y ra, Fed c\u00f3 th\u1ec3 s\u1ebd c\u1eaft gi\u1ea3m l\u00e3i su\u1ea5t 25 \u0111i\u1ec3m c\u01a1 b\u1ea3n m\u1ed7i l\u1ea7n v\u00e0o th\u00e1ng 9, th\u00e1ng 10 v\u00e0 th\u00e1ng 12, v\u00e0 th\u00eam hai l\u1ea7n c\u1eaft gi\u1ea3m n\u1eefa v\u00e0o n\u0103m t\u1edbi. N\u1ebfu t\u1ef7 l\u1ec7 th\u1ea5t nghi\u1ec7p t\u0103ng \u0111\u00e1ng k\u1ec3 ho\u1eb7c d\u1eef li\u1ec7u vi\u1ec7c l\u00e0m x\u1ea5u \u0111i, kh\u00f4ng lo\u1ea1i tr\u1eeb kh\u1ea3 n\u0103ng Fed s\u1ebd c\u1eaft gi\u1ea3m 50 \u0111i\u1ec3m c\u01a1 b\u1ea3n.<\/p>\n

\"IMG_256\"<\/p>\n

Tuy nhi\u00ean, Barclays \u0111\u00e3 c\u00f3 m\u1ed9t c\u00e1ch ti\u1ebfp c\u1eadn th\u1eadn tr\u1ecdng, nh\u1ea5n m\u1ea1nh r\u1eb1ng l\u1eadp tr\u01b0\u1eddng \"ch\u1edd \u0111\u1ee3i v\u00e0 quan s\u00e1t\" c\u1ee7a Powell v\u1eabn c\u00f2n m\u01a1 h\u1ed3, v\u00e0 c\u00e1c th\u00e0nh vi\u00ean di\u1ec1u h\u00e2u c\u1ee7a \u1ee6y ban Th\u1ecb tr\u01b0\u1eddng M\u1edf Li\u00ean bang (FOMC) v\u1eabn ch\u01b0a c\u00f3 d\u1ea5u hi\u1ec7u nh\u01b0\u1ee3ng b\u1ed9. Do \u0111\u00f3, kh\u1ea3 n\u0103ng c\u1eaft gi\u1ea3m l\u00e3i su\u1ea5t v\u00e0o th\u00e1ng 9 v\u1eabn c\u00f2n \"ch\u01b0a ch\u1eafc ch\u1eafn\", v\u00e0 ng\u00e2n h\u00e0ng n\u00e0y v\u1eabn gi\u1eef nguy\u00ean d\u1ef1 b\u00e1o ch\u1ec9 c\u00f3 m\u1ed9t l\u1ea7n c\u1eaft gi\u1ea3m l\u00e3i su\u1ea5t trong n\u0103m nay, v\u00e0o th\u00e1ng 12. Ng\u00e2n h\u00e0ng l\u01b0u \u00fd r\u1eb1ng b\u00e0i ph\u00e1t bi\u1ec3u c\u1ee7a Powell r\u1ea5t quan tr\u1ecdng: n\u1ebfu \u00f4ng ti\u1ebfp t\u1ee5c duy tr\u00ec l\u1eadp tr\u01b0\u1eddng \"ch\u1edd \u0111\u1ee3i v\u00e0 quan s\u00e1t\", k\u1ef3 v\u1ecdng v\u1ec1 vi\u1ec7c c\u1eaft gi\u1ea3m l\u00e3i su\u1ea5t v\u00e0o th\u00e1ng 9 c\u00f3 th\u1ec3 gi\u1ea3m b\u1edbt; n\u1ebfu \u00f4ng nh\u1ea5n m\u1ea1nh v\u00e0o s\u1ef1 y\u1ebfu k\u00e9m c\u1ee7a th\u1ecb tr\u01b0\u1eddng lao \u0111\u1ed9ng, k\u1ef3 v\u1ecdng v\u1ec1 vi\u1ec7c c\u1eaft gi\u1ea3m l\u00e3i su\u1ea5t c\u00f3 th\u1ec3 \u0111\u01b0\u1ee3c c\u1ee7ng c\u1ed1.<\/p>\n

H\u01a1n n\u1eefa, Julian Emanuel, chi\u1ebfn l\u01b0\u1ee3c gia tr\u01b0\u1edfng t\u1ea1i Evercore ISI, c\u1ea3nh b\u00e1o r\u1eb1ng k\u1ef3 v\u1ecdng c\u1ee7a th\u1ecb tr\u01b0\u1eddng v\u1ec1 vi\u1ec7c Powell \u0111\u01b0a ra t\u00edn hi\u1ec7u \u00f4n h\u00f2a c\u00f3 nguy c\u01a1 b\u1ecb ph\u00e1 v\u1ee1. \u00d4ng l\u01b0u \u00fd r\u1eb1ng t\u1ef7 l\u1ec7 gi\u00e1 tr\u00ean thu nh\u1eadp k\u1ef3 h\u1ea1n hi\u1ec7n t\u1ea1i c\u1ee7a S&P 500 \u0111\u00e3 t\u0103ng l\u00ean 25,5, m\u1ee9c cao nh\u1ea5t k\u1ec3 t\u1eeb n\u0103m 2000, v\u00e0 s\u1eafp b\u01b0\u1edbc v\u00e0o giai \u0111o\u1ea1n suy y\u1ebfu theo m\u00f9a. N\u1ebfu Powell ch\u1ec9 \u00e1m ch\u1ec9 vi\u1ec7c c\u1eaft gi\u1ea3m l\u00e3i su\u1ea5t 25 \u0111i\u1ec3m c\u01a1 b\u1ea3n v\u00e0o th\u00e1ng 9 v\u00e0 lo\u1ea1i tr\u1eeb kh\u1ea3 n\u0103ng c\u1eaft gi\u1ea3m 50 \u0111i\u1ec3m c\u01a1 b\u1ea3n, th\u1ecb tr\u01b0\u1eddng c\u00f3 th\u1ec3 ph\u1ea3i \u0111\u1ed1i m\u1eb7t v\u1edbi m\u1ee9c \u0111i\u1ec1u ch\u1ec9nh ng\u1eafn h\u1ea1n t\u1eeb 7%-15%. \u0110i\u1ec1u n\u00e0y g\u1ee3i nh\u1edb \u0111\u1ebfn ti\u1ec1n l\u1ec7 v\u1ec1 l\u1eadp tr\u01b0\u1eddng di\u1ec1u h\u00e2u c\u1ee7a Powell t\u1ea1i h\u1ed9i ngh\u1ecb Jackson Hole n\u0103m 2022, v\u1ed1n \u0111\u00e3 g\u00e2y ra m\u1ed9t \u0111\u1ee3t b\u00e1n th\u00e1o m\u1ea1nh tr\u00ean th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n.<\/p>\n

\"IMG_257\"<\/p>\n

K\u1ef3 v\u1ecdng th\u1ecb tr\u01b0\u1eddng v\u00e0 tri\u1ec3n v\u1ecdng s\u1ef1 ki\u1ec7n quan tr\u1ecdng<\/h4>\n

Th\u1ecb tr\u01b0\u1eddng \u0111\u00e3 ho\u00e0n to\u00e0n ph\u1ea3n \u00e1nh v\u00e0o kh\u1ea3 n\u0103ng c\u1eaft gi\u1ea3m l\u00e3i su\u1ea5t: Theo c\u00f4ng c\u1ee5 FedWatch c\u1ee7a CME, kh\u1ea3 n\u0103ng c\u1eaft gi\u1ea3m l\u00e3i su\u1ea5t 25 \u0111i\u1ec3m c\u01a1 b\u1ea3n t\u1ea1i cu\u1ed9c h\u1ecdp ng\u00e0y 16-17 th\u00e1ng 9 ch\u1ec9 d\u01b0\u1edbi 85%. Tuy nhi\u00ean, t\u1ea5t c\u1ea3 c\u00e1c b\u00ean \u0111\u1ec1u \u0111\u1ed3ng \u00fd r\u1eb1ng hai s\u1ef1 ki\u1ec7n quan tr\u1ecdng trong tu\u1ea7n n\u00e0y s\u1ebd quy\u1ebft \u0111\u1ecbnh k\u1ef3 v\u1ecdng: vi\u1ec7c c\u00f4ng b\u1ed1 bi\u00ean b\u1ea3n cu\u1ed9c h\u1ecdp ch\u00ednh s\u00e1ch th\u00e1ng 7 v\u00e0o s\u00e1ng s\u1edbm th\u1ee9 N\u0103m v\u00e0 b\u00e0i ph\u00e1t bi\u1ec3u c\u1ee7a Powell t\u1ea1i Jackson Hole v\u00e0o th\u1ee9 S\u00e1u. H\u1ea7u h\u1ebft c\u00e1c nh\u00e0 ph\u00e2n t\u00edch tin r\u1eb1ng b\u00e0i ph\u00e1t bi\u1ec3u c\u1ee7a Powell s\u1ebd duy tr\u00ec gi\u1ecdng \u0111i\u1ec7u th\u1eadn tr\u1ecdng, nh\u1ea5n m\u1ea1nh v\u00e0o ti\u1ebfn \u0111\u1ed9 \"v\u1eeba ph\u1ea3i\" v\u00e0 \"d\u1ea7n d\u1ea7n\", b\u1ea3o v\u1ec7 s\u1ef1 \u0111\u1ed9c l\u1eadp c\u1ee7a Fed v\u00e0 \u0111\u01b0\u1eddng h\u01b0\u1edbng ch\u00ednh s\u00e1ch s\u1ebd v\u1eabn d\u1ef1a tr\u00ean d\u1eef li\u1ec7u. M\u1ed9t gi\u1ecdng \u0111i\u1ec7u di\u1ec1u h\u00e2u c\u00f3 th\u1ec3 l\u00e0m gi\u1ea3m k\u1ef3 v\u1ecdng v\u1ec1 vi\u1ec7c c\u1eaft gi\u1ea3m l\u00e3i su\u1ea5t v\u00e0o th\u00e1ng 9; m\u1ed9t t\u00edn hi\u1ec7u \u00f4n h\u00f2a c\u00f3 th\u1ec3 c\u1ee7ng c\u1ed1 ni\u1ec1m tin c\u1ee7a th\u1ecb tr\u01b0\u1eddng v\u00e0o vi\u1ec7c n\u1edbi l\u1ecfng.<\/p>\n

B\u1ea5t ch\u1ea5p nh\u1eefng d\u1eef li\u1ec7u kinh t\u1ebf ph\u1ee9c t\u1ea1p v\u00e0 quan \u0111i\u1ec3m tr\u00e1i chi\u1ec1u t\u1eeb c\u00e1c t\u1ed5 ch\u1ee9c, th\u1ecb tr\u01b0\u1eddng v\u1eabn s\u1ebd ti\u1ebfp t\u1ee5c c\u00e2n nh\u1eafc v\u1ec1 ch\u00ednh s\u00e1ch c\u1ee7a Fed, l\u00e0m gia t\u0103ng r\u1ee7i ro bi\u1ebfn \u0111\u1ed9ng ng\u1eafn h\u1ea1n tr\u00ean c\u1ea3 th\u1ecb tr\u01b0\u1eddng c\u1ed5 phi\u1ebfu v\u00e0 tr\u00e1i phi\u1ebfu. \u0110\u1ed1i v\u1edbi c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0, c\u00e1c chi\u1ebfn l\u01b0\u1ee3c \u0111\u01b0\u1ee3c Evercore ISI khuy\u1ebfn ngh\u1ecb\u2014ch\u1eb3ng h\u1ea1n nh\u01b0 mua quy\u1ec1n ch\u1ecdn b\u00e1n tr\u00ean Ch\u1ec9 s\u1ed1 Nasdaq 100, \u0111\u1ea7u t\u01b0 v\u00e0o c\u00e1c l\u0129nh v\u1ef1c \u0111\u01b0\u1ee3c \u0111\u1ecbnh gi\u00e1 h\u1ee3p l\u00fd nh\u01b0 ch\u0103m s\u00f3c s\u1ee9c kh\u1ecfe, v\u00e0 gi\u1ea3m n\u1eafm gi\u1eef c\u1ed5 phi\u1ebfu b\u1ecb \u0111\u1ecbnh gi\u00e1 qu\u00e1 cao\u2014c\u00f3 th\u1ec3 ph\u1ea3n \u00e1nh s\u1ef1 th\u1eadn tr\u1ecdng hi\u1ec7n t\u1ea1i c\u1ee7a th\u1ecb tr\u01b0\u1eddng v\u1ec1 r\u1ee7i ro \"\u0111i\u1ec1u ch\u1ec9nh m\u00f9a thu\". Quy\u1ebft \u0111\u1ecbnh ch\u00ednh s\u00e1ch cu\u1ed1i c\u00f9ng c\u1ee7a Fed s\u1ebd c\u1ea7n th\u00eam d\u1eef li\u1ec7u kinh t\u1ebf v\u00e0 th\u1eddi gian \u0111\u1ec3 x\u00e1c \u0111\u1ecbnh.<\/p>","protected":false},"excerpt":{"rendered":"

T\u1ef7 l\u1ec7 c\u1eaft gi\u1ea3m l\u00e3i su\u1ea5t c\u1ee7a Fed v\u00e0o th\u00e1ng 9 dao \u0111\u1ed9ng \u1edf m\u1ee9c 85% trong b\u1ed1i c\u1ea3nh vi\u1ec7c l\u00e0m gi\u1ea3m s\u00fat v\u00e0 l\u1ea1m ph\u00e1t \u1ed5n \u0111\u1ecbnh; b\u00e0i ph\u00e1t bi\u1ec3u c\u1ee7a Powell t\u1ea1i Jackson Hole v\u00e0 bi\u00ean b\u1ea3n cu\u1ed9c h\u1ecdp th\u00e1ng 7 s\u1ebd thay \u0111\u1ed5i c\u1ee5c di\u1ec7n.<\/p>","protected":false},"author":1,"featured_media":7531,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[115],"tags":[131,43,139],"class_list":["post-7530","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-financial-news","tag-fed","tag-market","tag-rate"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.mdwcc.com\/vi\/wp-json\/wp\/v2\/posts\/7530","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=7530"}],"version-history":[{"count":1,"href":"https:\/\/www.mdwcc.com\/vi\/wp-json\/wp\/v2\/posts\/7530\/revisions"}],"predecessor-version":[{"id":7535,"href":"https:\/\/www.mdwcc.com\/vi\/wp-json\/wp\/v2\/posts\/7530\/revisions\/7535"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.mdwcc.com\/vi\/wp-json\/wp\/v2\/media\/7531"}],"wp:attachment":[{"href":"https:\/\/www.mdwcc.com\/vi\/wp-json\/wp\/v2\/media?parent=7530"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.mdwcc.com\/vi\/wp-json\/wp\/v2\/categories?post=7530"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.mdwcc.com\/vi\/wp-json\/wp\/v2\/tags?post=7530"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}