{"id":9528,"date":"2026-06-09T07:45:14","date_gmt":"2026-06-09T07:45:14","guid":{"rendered":"https:\/\/www.mdwcc.com\/?p=9528"},"modified":"2026-06-09T07:45:17","modified_gmt":"2026-06-09T07:45:17","slug":"better-than-expected-non-farm-payrolls-data-completely-reversed-expectations-of-an-interest-rate-cut-leaving-warshs-first-policy-meeting-in-a-policy-dilemma","status":"publish","type":"post","link":"https:\/\/www.mdwcc.com\/vi\/better-than-expected-non-farm-payrolls-data-completely-reversed-expectations-of-an-interest-rate-cut-leaving-warshs-first-policy-meeting-in-a-policy-dilemma\/","title":{"rendered":"D\u1eef li\u1ec7u b\u1ea3ng l\u01b0\u01a1ng phi n\u00f4ng nghi\u1ec7p t\u1ed1t h\u01a1n mong \u0111\u1ee3i \u0111\u00e3 \u0111\u1ea3o ng\u01b0\u1ee3c ho\u00e0n to\u00e0n k\u1ef3 v\u1ecdng v\u1ec1 vi\u1ec7c c\u1eaft gi\u1ea3m l\u00e3i su\u1ea5t, khi\u1ebfn cu\u1ed9c h\u1ecdp ch\u00ednh s\u00e1ch \u0111\u1ea7u ti\u00ean c\u1ee7a Warsh r\u01a1i v\u00e0o t\u00ecnh th\u1ebf ti\u1ebfn tho\u00e1i l\u01b0\u1ee1ng nan v\u1ec1 ch\u00ednh s\u00e1ch"},"content":{"rendered":"

Nh\u00f3m nghi\u00ean c\u1ee9u v\u0129 m\u00f4 c\u1ee7a ACE Markets, k\u1ebft h\u1ee3p d\u1eef li\u1ec7u b\u1ea3ng l\u01b0\u01a1ng phi n\u00f4ng nghi\u1ec7p m\u1edbi nh\u1ea5t, xu h\u01b0\u1edbng th\u1ecb tr\u01b0\u1eddng t\u1ea7n s\u1ed1 cao trong c\u00e1c c\u00f4ng c\u1ee5 ph\u00e1i sinh l\u00e3i su\u1ea5t v\u00e0 s\u1ef1 \u0111\u1ed3ng thu\u1eadn t\u1eeb c\u00e1c t\u1ed5 ch\u1ee9c Ph\u1ed1 Wall, \u0111\u00e3 ti\u1ebfn h\u00e0nh ph\u00e2n t\u00edch chuy\u00ean s\u00e2u th\u00f4ng qua h\u1ec7 th\u1ed1ng theo d\u00f5i li\u00ean k\u1ebft t\u00e0i s\u1ea3n: D\u1eef li\u1ec7u vi\u1ec7c l\u00e0m th\u00e1ng 5 t\u1ed1t h\u01a1n mong \u0111\u1ee3i \u0111\u00e3 ph\u00e1 tan ho\u00e0n to\u00e0n m\u1ecdi \u1ea3o t\u01b0\u1edfng m\u00e0 th\u1ecb tr\u01b0\u1eddng c\u00f3 v\u1ec1 vi\u1ec7c c\u1eaft gi\u1ea3m l\u00e3i su\u1ea5t c\u1ee7a Fed v\u00e0o n\u0103m 2026, v\u1edbi vi\u1ec7c c\u00e1c nh\u00e0 giao d\u1ecbch hi\u1ec7n \u0111ang \u0111\u1ecbnh gi\u00e1 \u0111\u1ea7y \u0111\u1ee7 v\u1ec1 vi\u1ec7c t\u0103ng l\u00e3i su\u1ea5t 25 \u0111i\u1ec3m c\u01a1 b\u1ea3n trong n\u0103m nay. C\u00e1c bi\u1ec7n ph\u00e1p n\u1edbi l\u1ecfng m\u00e0 t\u00e2n Ch\u1ee7 t\u1ecbch Fed Warsh h\u1ee9a h\u1eb9n trong qu\u00e1 tr\u00ecnh \u0111\u1ec1 c\u1eed c\u1ee7a \u00f4ng \u0111\u00e3 b\u1ecb ph\u00e1 v\u1ee1 b\u1edfi c\u1ea3 kh\u1ea3 n\u0103ng ph\u1ee5c h\u1ed3i kinh t\u1ebf v\u00e0 l\u1ea1m ph\u00e1t kh\u00f3 kh\u0103n. Cu\u1ed9c h\u1ecdp ch\u00ednh s\u00e1ch \u0111\u1ea7u ti\u00ean c\u1ee7a \u00f4ng v\u00e0o ng\u00e0y 16-17 th\u00e1ng 6 s\u1ebd ph\u1ea3i \u0111\u1ed1i m\u1eb7t v\u1edbi m\u1ed9t t\u00ecnh th\u1ebf ti\u1ebfn tho\u00e1i l\u01b0\u1ee1ng nan: \u201cvi\u1ec7c tu\u00e2n th\u1ee7 nh\u1eefng l\u1eddi h\u1ee9a \u00f4n h\u00f2a s\u1ebd l\u00e0m t\u1ed5n h\u1ea1i \u0111\u1ebfn uy t\u00edn\u201d so v\u1edbi vi\u1ec7c \u201cchuy\u1ec3n sang l\u1eadp tr\u01b0\u1eddng di\u1ec1u h\u00e2u l\u00e0 \u0111i ng\u01b0\u1ee3c l\u1ea1i nh\u1eefng k\u1ef3 v\u1ecdng ch\u00ednh tr\u1ecb\u201d. Logic \u0111\u1ecbnh gi\u00e1 t\u00e0i s\u1ea3n to\u00e0n c\u1ea7u \u0111ang tr\u1ea3i qua m\u1ed9t \u0111\u1ee3t t\u00e1i c\u01a1 c\u1ea5u m\u1edbi.<\/p>\n

<\/a>D\u1eef li\u1ec7u b\u1ea3ng l\u01b0\u01a1ng phi n\u00f4ng nghi\u1ec7p k\u00edch th\u00edch th\u1ecb tr\u01b0\u1eddng, x\u00f3a tan ho\u00e0n to\u00e0n k\u1ef3 v\u1ecdng v\u1ec1 vi\u1ec7c c\u1eaft gi\u1ea3m l\u00e3i su\u1ea5t.<\/strong><\/p>\n

C\u1ee5c Th\u1ed1ng k\u00ea Lao \u0111\u1ed9ng Hoa K\u1ef3 \u0111\u00e3 c\u00f4ng b\u1ed1 b\u00e1o c\u00e1o vi\u1ec7c l\u00e0m phi n\u00f4ng nghi\u1ec7p th\u00e1ng 5 v\u00e0o ng\u00e0y 4 th\u00e1ng 6, v\u01b0\u1ee3t xa k\u1ef3 v\u1ecdng c\u1ee7a th\u1ecb tr\u01b0\u1eddng: 172.000 vi\u1ec7c l\u00e0m m\u1edbi \u0111\u01b0\u1ee3c b\u1ed5 sung, v\u1edbi m\u1ee9c \u0111i\u1ec1u ch\u1ec9nh t\u0103ng 93.000 vi\u1ec7c l\u00e0m trong th\u00e1ng 3 v\u00e0 th\u00e1ng 4, \u0111\u00e1nh d\u1ea5u m\u1ee9c t\u0103ng tr\u01b0\u1edfng vi\u1ec7c l\u00e0m trong ba th\u00e1ng t\u1ed1t nh\u1ea5t trong h\u01a1n hai n\u0103m; t\u1ef7 l\u1ec7 th\u1ea5t nghi\u1ec7p kh\u00f4ng thay \u0111\u1ed5i \u1edf m\u1ee9c 4,3% v\u00e0 kh\u1ea3 n\u0103ng ph\u1ee5c h\u1ed3i c\u1ee7a th\u1ecb tr\u01b0\u1eddng lao \u0111\u1ed9ng v\u01b0\u1ee3t xa k\u1ef3 v\u1ecdng c\u1ee7a th\u1ecb tr\u01b0\u1eddng. Sau khi d\u1eef li\u1ec7u \u0111\u01b0\u1ee3c c\u00f4ng b\u1ed1, th\u1ecb tr\u01b0\u1eddng t\u00e0i ch\u00ednh to\u00e0n c\u1ea7u \u0111\u00e3 tr\u1ea3i qua nh\u1eefng bi\u1ebfn \u0111\u1ed9ng ngay l\u1eadp t\u1ee9c v\u00e0 m\u1ea1nh m\u1ebd. D\u1eef li\u1ec7u theo d\u00f5i c\u1ee7a ACE Markets cho th\u1ea5y: Kho b\u1ea1c Hoa K\u1ef3 ph\u1ea3i \u0111\u1ed1i m\u1eb7t v\u1edbi \u0111\u1ee3t b\u00e1n th\u00e1o t\u1eadp trung, v\u1edbi l\u00e3i su\u1ea5t tr\u00e1i phi\u1ebfu kho b\u1ea1c k\u1ef3 h\u1ea1n 2 n\u0103m, nh\u1ea1y c\u1ea3m nh\u1ea5t v\u1edbi ch\u00ednh s\u00e1ch, t\u0103ng 11 \u0111i\u1ec3m c\u01a1 b\u1ea3n l\u00ean 4,15%, m\u1ee9c cao m\u1edbi trong n\u0103m; l\u00e3i su\u1ea5t tr\u00e1i phi\u1ebfu kho b\u1ea1c k\u1ef3 h\u1ea1n 10 n\u0103m t\u0103ng 6 \u0111i\u1ec3m c\u01a1 b\u1ea3n l\u00ean 4,53% v\u00e0 l\u1ee3i su\u1ea5t tr\u00e1i phi\u1ebfu kho b\u1ea1c k\u1ef3 h\u1ea1n 30 n\u0103m m\u1ed9t l\u1ea7n n\u1eefa v\u01b0\u1ee3t m\u1ed1c 5%; ch\u1ec9 s\u1ed1 \u0111\u1ed3ng \u0111\u00f4 la \u0111\u1ed3ng lo\u1ea1t m\u1ea1nh l\u00ean v\u00e0 v\u00e0ng giao ngay qu\u1ed1c t\u1ebf gi\u1ea3m m\u1ea1nh 100 USD ch\u1ec9 trong m\u1ed9t ng\u00e0y, gi\u1ea3m g\u1ea7n 2,5%, x\u00f3a s\u1ea1ch m\u1ecdi l\u1ee3i nhu\u1eadn \u0111\u1ea1t \u0111\u01b0\u1ee3c trong th\u00e1ng qua.<\/p>\n

\"\u5c40\u90e8\u622a\u53d6_20260608_150035\"<\/p>\n

Gi\u00e1 th\u1ecb tr\u01b0\u1eddng ho\u00e1n \u0111\u1ed5i l\u00e3i su\u1ea5t cho th\u1ea5y r\u1eb1ng c\u00e1c nh\u00e0 giao d\u1ecbch \u0111ang \u0111\u1eb7t c\u01b0\u1ee3c ho\u00e0n to\u00e0n v\u00e0o vi\u1ec7c C\u1ee5c D\u1ef1 tr\u1eef Li\u00ean bang s\u1ebd t\u0103ng l\u00e3i su\u1ea5t 25 \u0111i\u1ec3m c\u01a1 b\u1ea3n v\u00e0o th\u00e1ng 12 n\u0103m 2026, v\u1edbi kh\u1ea3 n\u0103ng \u0111\u1ee3t t\u0103ng l\u00e3i su\u1ea5t v\u00e0o th\u00e1ng 10 s\u1ebd t\u0103ng l\u00ean kho\u1ea3ng 60%. \u0110i\u1ec1u n\u00e0y tr\u00e1i ng\u01b0\u1ee3c ho\u00e0n to\u00e0n v\u1edbi s\u1ef1 \u0111\u1ed3ng thu\u1eadn c\u1ee7a th\u1ecb tr\u01b0\u1eddng tr\u01b0\u1edbc khi b\u00f9ng n\u1ed5 xung \u0111\u1ed9t M\u1ef9-Iran v\u00e0o cu\u1ed1i th\u00e1ng 2, d\u1ef1 \u0111o\u00e1n s\u1ebd c\u1eaft gi\u1ea3m l\u00e3i su\u1ea5t 75 \u0111i\u1ec3m c\u01a1 b\u1ea3n trong su\u1ed1t c\u1ea3 n\u0103m. ACE Markets, th\u00f4ng qua x\u00e1c th\u1ef1c ch\u00e9o c\u00e1c quan \u0111i\u1ec3m t\u1eeb BlackRock, Natixis v\u00e0 c\u00e1c t\u1ed5 ch\u1ee9c kh\u00e1c, tin r\u1eb1ng \u0111\u00e3 h\u00ecnh th\u00e0nh s\u1ef1 \u0111\u1ed3ng thu\u1eadn r\u00f5 r\u00e0ng tr\u00ean th\u1ecb tr\u01b0\u1eddng: thay \u0111\u1ed5i l\u00e3i su\u1ea5t ti\u1ebfp theo c\u1ee7a Fed s\u1ebd l\u00e0 t\u0103ng l\u00e3i su\u1ea5t ch\u1ee9 kh\u00f4ng ph\u1ea3i c\u1eaft gi\u1ea3m l\u00e3i su\u1ea5t v\u00e0 logic ch\u00ednh s\u00e1ch tr\u01b0\u1edbc \u0111\u00e2y l\u00e0 d\u1ef1a v\u00e0o vi\u1ec7c l\u00e0m y\u1ebfu \u0111\u1ec3 th\u00fac \u0111\u1ea9y c\u1eaft gi\u1ea3m l\u00e3i su\u1ea5t \u0111\u00e3 b\u1ecb \u0111\u1ea3o l\u1ed9n ho\u00e0n to\u00e0n.<\/p>\n

\u0110i\u1ec1u \u0111\u00e1ng ch\u00fa \u00fd l\u00e0 \u0111\u1ee3t ph\u1ee5c h\u1ed3i vi\u1ec7c l\u00e0m n\u00e0y th\u1ec3 hi\u1ec7n m\u1ed9t \u0111\u1eb7c \u0111i\u1ec3m c\u1ea5u tr\u00fac r\u00f5 r\u00e0ng: m\u1ee9c t\u0103ng ch\u1ee7 y\u1ebfu t\u1eadp trung v\u00e0o ng\u00e0nh gi\u1ea3i tr\u00ed v\u00e0 kh\u00e1ch s\u1ea1n trong th\u1eddi k\u1ef3 cao \u0111i\u1ec3m theo m\u00f9a v\u00e0 ng\u00e0nh ch\u0103m s\u00f3c s\u1ee9c kh\u1ecfe \u1ed5n \u0111\u1ecbnh l\u00e2u d\u00e0i. Ph\u00e2n t\u00edch c\u1ee7a ACE Markets ch\u1ec9 ra r\u1eb1ng trong b\u1ed1i c\u1ea3nh ch\u00ednh quy\u1ec1n Trump th\u1eaft ch\u1eb7t \u0111\u00e1ng k\u1ec3 c\u00e1c ch\u00ednh s\u00e1ch nh\u1eadp c\u01b0 v\u00e0 ti\u1ebfp t\u1ee5c h\u1ea1n ch\u1ebf ngu\u1ed3n cung lao \u0111\u1ed9ng, ngay c\u1ea3 m\u1ee9c t\u0103ng trung b\u00ecnh h\u00e0ng th\u00e1ng ch\u1ec9 114.000 vi\u1ec7c l\u00e0m c\u0169ng \u0111\u1ee7 \u0111\u1ec3 gi\u1eef t\u1ef7 l\u1ec7 th\u1ea5t nghi\u1ec7p \u1ed5n \u0111\u1ecbnh, lo\u1ea1i b\u1ecf c\u01a1 b\u1ea3n l\u00fd do li\u00ean quan \u0111\u1ebfn vi\u1ec7c l\u00e0m \u0111\u1ec3 C\u1ee5c D\u1ef1 tr\u1eef Li\u00ean bang c\u1eaft gi\u1ea3m l\u00e3i su\u1ea5t.<\/p>\n

<\/a>C\u00e1c quan ch\u1ee9c C\u1ee5c D\u1ef1 tr\u1eef Li\u00ean bang \u0111\u00e0o t\u1ea9u h\u00e0ng lo\u1ea1t, Warsh \u0111\u1ed1i m\u1eb7t v\u1edbi kh\u1ee7ng ho\u1ea3ng ni\u1ec1m tin.<\/strong><\/p>\n

V\u1edbi d\u1eef li\u1ec7u vi\u1ec7c l\u00e0m v\u00e0 l\u1ea1m ph\u00e1t ti\u1ebfp t\u1ee5c v\u01b0\u1ee3t qu\u00e1 mong \u0111\u1ee3i, v\u00f2ng tr\u00f2n ra quy\u1ebft \u0111\u1ecbnh c\u1ee7a C\u1ee5c D\u1ef1 tr\u1eef Li\u00ean bang \u0111\u00e3 ho\u00e0n th\u00e0nh m\u1ed9t s\u1ef1 thay \u0111\u1ed5i di\u1ec1u h\u00e2u to\u00e0n di\u1ec7n. Th\u1ed1ng \u0111\u1ed1c Fed Waller, ng\u01b0\u1eddi tr\u01b0\u1edbc \u0111\u00e2y \u0111\u00e3 \u1ee7ng h\u1ed9 vi\u1ec7c c\u1eaft gi\u1ea3m l\u00e3i su\u1ea5t t\u1eeb \u200b\u200bl\u00e2u, \u0111\u00e3 tr\u1edf th\u00e0nh nh\u00e2n v\u1eadt ch\u1ee7 ch\u1ed1t, r\u00fat \u200b\u200blui r\u00f5 r\u00e0ng xu h\u01b0\u1edbng c\u1eaft gi\u1ea3m l\u00e3i su\u1ea5t trong tuy\u00ean b\u1ed1 m\u1edbi nh\u1ea5t c\u1ee7a m\u00ecnh: \"N\u1ebfu l\u1ea1m ph\u00e1t kh\u00f4ng gi\u1ea3m trong ng\u1eafn h\u1ea1n, t\u00f4i kh\u00f4ng c\u00f2n lo\u1ea1i tr\u1eeb kh\u1ea3 n\u0103ng t\u0103ng l\u00e3i su\u1ea5t th\u00eam n\u1eefa. D\u1eef li\u1ec7u vi\u1ec7c l\u00e0m m\u1edbi nh\u1ea5t ch\u1ee9ng minh r\u1eb1ng th\u1ecb tr\u01b0\u1eddng lao \u0111\u1ed9ng v\u1ec1 c\u01a1 b\u1ea3n \u1ed5n \u0111\u1ecbnh v\u00e0 t\u1ef7 l\u1ec7 th\u1ea5t nghi\u1ec7p \u1edf m\u1ee9c th\u1ea5p v\u00e0 \u1ed5n \u0111\u1ecbnh.\" Vi\u1ec7c ACE Markets theo d\u00f5i c\u00e1c tuy\u00ean b\u1ed1 c\u1ee7a c\u00e1c quan ch\u1ee9c Fed cho th\u1ea5y trong nh\u1eefng tu\u1ea7n g\u1ea7n \u0111\u00e2y, h\u01a1n 10 th\u00e0nh vi\u00ean FOMC \u0111\u00e3 c\u00f4ng khai chuy\u1ec3n sang quan \u0111i\u1ec3m di\u1ec1u h\u00e2u, trong \u0111\u00f3 m\u1ed9t s\u1ed1 quan ch\u1ee9c tuy\u00ean b\u1ed1 r\u1eb1ng h\u1ecd kh\u00f4ng th\u1ec3 \u1ee7ng h\u1ed9 vi\u1ec7c c\u1eaft gi\u1ea3m l\u00e3i su\u1ea5t do l\u1ea1m ph\u00e1t c\u1ee7a M\u1ef9 ti\u1ebfp t\u1ee5c cao h\u01a1n \u0111\u00e1ng k\u1ec3 so v\u1edbi m\u1ee5c ti\u00eau ch\u00ednh s\u00e1ch 2%.<\/p>\n

\"\u5c40\u90e8\u622a\u53d6_20260608_150636\"<\/p>\n

Ngay t\u1eeb cu\u1ed1i th\u00e1ng 4, ba th\u00e0nh vi\u00ean h\u1ed9i \u0111\u1ed3ng \u0111\u00e3 b\u1ecf phi\u1ebfu ph\u1ea3n \u0111\u1ed1i vi\u1ec7c t\u0103ng l\u00e3i su\u1ea5t, \u1ee7ng h\u1ed9 vi\u1ec7c t\u0103ng l\u00e3i su\u1ea5t ngay l\u1eadp t\u1ee9c. Gi\u1edd \u0111\u00e2y, v\u1edbi s\u1ef1 \u0111\u00e0o t\u1ea9u c\u1ee7a Waller, phe di\u1ec1u h\u00e2u \u0111\u00e3 gi\u00e0nh \u0111\u01b0\u1ee3c \u0111a s\u1ed1 tuy\u1ec7t \u0111\u1ed1i trong FOMC. S\u1ef1 thay \u0111\u1ed5i n\u00e0y \u0111\u00e3 \u0111\u1eb7t Ch\u1ee7 t\u1ecbch Fed m\u1edbi \u0111\u01b0\u1ee3c b\u1ed5 nhi\u1ec7m Warsh v\u00e0o m\u1ed9t t\u00ecnh th\u1ebf kh\u00f3 x\u1eed ch\u01b0a t\u1eebng c\u00f3. Khi Warsh ch\u00ednh th\u1ee9c nh\u1eadm ch\u1ee9c v\u00e0o gi\u1eefa th\u00e1ng 5, \u00f4ng h\u1ee9a r\u1eb1ng Fed c\u00f3 nhi\u1ec1u d\u01b0 \u0111\u1ecba \u0111\u1ec3 c\u1eaft gi\u1ea3m l\u00e3i su\u1ea5t, d\u1ef1a tr\u00ean nh\u1eefng k\u1ef3 v\u1ecdng l\u1ea1c quan v\u1ec1 c\u00e1c ch\u00ednh s\u00e1ch m\u1edbi c\u1ee7a Trump v\u00e0 vi\u1ec7c \u00e1p d\u1ee5ng r\u1ed9ng r\u00e3i c\u00f4ng ngh\u1ec7 AI. Tuy nhi\u00ean, d\u1eef li\u1ec7u th\u1ef1c t\u1ebf \u0111\u00e3 ho\u00e0n to\u00e0n sai l\u1ec7ch so v\u1edbi d\u1ef1 \u0111o\u00e1n c\u1ee7a \u00f4ng: L\u1ea1m ph\u00e1t c\u1ee7a M\u1ef9 li\u00ean t\u1ee5c v\u01b0\u1ee3t m\u1ee5c ti\u00eau 2% h\u01a1n 1 \u0111i\u1ec3m ph\u1ea7n tr\u0103m v\u00e0 r\u1ea5t c\u00f3 kh\u1ea3 n\u0103ng s\u1ebd kh\u00f4ng quay tr\u1edf l\u1ea1i m\u1ee5c ti\u00eau ch\u00ednh s\u00e1ch n\u0103m th\u1ee9 s\u00e1u li\u00ean ti\u1ebfp; IMF th\u1eadm ch\u00ed c\u00f2n ho\u00e3n th\u1eddi \u0111i\u1ec3m l\u1ea1m ph\u00e1t \u1edf M\u1ef9 quay tr\u1edf l\u1ea1i m\u1ee9c 2% t\u1eeb gi\u1eefa n\u0103m 2026 \u0111\u1ebfn cu\u1ed1i n\u0103m 2027, c\u1ea3nh b\u00e1o r\u00f5 r\u00e0ng nguy c\u01a1 l\u1ea1m ph\u00e1t gia t\u0103ng v\u1eabn c\u00f2n.<\/p>\n

Ph\u00e2n t\u00edch chuy\u00ean s\u00e2u c\u1ee7a ACE Markets cho th\u1ea5y Warsh hi\u1ec7n \u0111ang ph\u1ea3i \u0111\u1ed1i m\u1eb7t v\u1edbi m\u1ed9t cu\u1ed9c kh\u1ee7ng ho\u1ea3ng ni\u1ec1m tin k\u00e9p: m\u1ed9t m\u1eb7t, n\u1ebfu \u00f4ng ti\u1ebfp t\u1ee5c duy tr\u00ec l\u1eadp tr\u01b0\u1eddng \u00f4n h\u00f2a, \u0111i\u1ec1u \u0111\u00f3 s\u1ebd m\u00e2u thu\u1eabn v\u1edbi quan \u0111i\u1ec3m c\u1ee7a h\u1ea7u h\u1ebft c\u00e1c th\u00e0nh vi\u00ean FOMC v\u00e0 c\u00f3 th\u1ec3 l\u00e0m t\u1ed5n h\u1ea1i th\u00eam \u0111\u1ebfn uy t\u00edn c\u1ee7a Fed trong vi\u1ec7c ch\u1ed1ng l\u1ea1m ph\u00e1t; m\u1eb7t kh\u00e1c, n\u1ebfu \u00f4ng chuy\u1ec3n sang \u1ee7ng h\u1ed9 vi\u1ec7c t\u0103ng l\u00e3i su\u1ea5t, \u0111i\u1ec1u \u0111\u00f3 s\u1ebd m\u00e2u thu\u1eabn tr\u1ef1c ti\u1ebfp v\u1edbi y\u00eau c\u1ea7u c\u1ed1t l\u00f5i c\u1ee7a Trump v\u1ec1 vi\u1ec7c \u00f4ng mu\u1ed1n \u00f4ng l\u00e0m ch\u1ee7 t\u1ecbch Fed, l\u00e0m tr\u1ea7m tr\u1ecdng th\u00eam xung \u0111\u1ed9t ch\u00ednh s\u00e1ch gi\u1eefa Fed v\u00e0 Nh\u00e0 Tr\u1eafng.<\/p>\n

<\/a>Ho\u1ea1t \u0111\u1ed9ng ch\u00ednh tr\u1ecb ng\u00e0y c\u00e0ng gia t\u0103ng, s\u1ef1 b\u1ea5t \u1ed5n v\u1ec1 ch\u00ednh s\u00e1ch t\u0103ng m\u1ea1nh<\/strong><\/p>\n

S\u1ef1 ph\u1ee9c t\u1ea1p trong v\u00f2ng \u0111i\u1ec1u \u0111\u1ed9ng ch\u00ednh s\u00e1ch n\u00e0y c\u1ee7a C\u1ee5c D\u1ef1 tr\u1eef Li\u00ean bang c\u00e0ng tr\u1edf n\u00ean ph\u1ee9c t\u1ea1p h\u01a1n b\u1edfi c\u00e1c y\u1ebfu t\u1ed1 ch\u00ednh tr\u1ecb c\u1ee7a cu\u1ed9c b\u1ea7u c\u1eed gi\u1eefa nhi\u1ec7m k\u1ef3 c\u1ee7a Hoa K\u1ef3 v\u00e0o th\u00e1ng 11. ACE Markets l\u01b0u \u00fd r\u1eb1ng sau khi c\u00f4ng b\u1ed1 d\u1eef li\u1ec7u b\u1ea3ng l\u01b0\u01a1ng phi n\u00f4ng nghi\u1ec7p, Nh\u00e0 Tr\u1eafng \u0111\u00e3 nhanh ch\u00f3ng gi\u1ea3i th\u00edch \u0111\u00e2y l\u00e0 m\u1ed9t th\u00e0nh t\u1ef1u kinh t\u1ebf c\u1ee7a ch\u00ednh quy\u1ec1n Trump, \u0111\u1ed3ng th\u1eddi k\u1ecbch li\u1ec7t ph\u1ee7 nh\u1eadn r\u1eb1ng vi\u1ec7c l\u00e0m m\u1ea1nh m\u1ebd s\u1ebd \u0111\u1ea9y l\u1ea1m ph\u00e1t l\u00ean cao. Trump c\u00f4ng khai tuy\u00ean b\u1ed1 tr\u00ean m\u1ea1ng x\u00e3 h\u1ed9i: \"T\u0103ng tr\u01b0\u1edfng kinh t\u1ebf kh\u00f4ng c\u00f3 ngh\u0129a l\u00e0 l\u1ea1m ph\u00e1t! Fed kh\u00f4ng n\u00ean t\u0103ng l\u00e3i su\u1ea5t v\u00e0 v\u1eabn c\u00f2n d\u01b0 \u0111\u1ecba \u0111\u1ec3 c\u1eaft gi\u1ea3m l\u00e3i su\u1ea5t\". Gi\u00e1m \u0111\u1ed1c H\u1ed9i \u0111\u1ed3ng Kinh t\u1ebf Qu\u1ed1c gia Nh\u00e0 Tr\u1eafng Hassett c\u0169ng k\u00eau g\u1ecdi Fed ti\u1ebfp t\u1ee5c \u0111\u1ee9ng b\u00ean l\u1ec1 v\u00e0 ch\u1edd \u0111\u1ee3i nh\u1eefng th\u00f4ng tin r\u00f5 r\u00e0ng h\u01a1n v\u1ec1 t\u00ecnh h\u00ecnh l\u1ea1m ph\u00e1t.<\/p>\n

\"\u5c40\u90e8\u622a\u53d6_20260608_150450\"<\/p>\n

S\u1ef1 kh\u00e1c bi\u1ec7t gi\u1eefa nhu c\u1ea7u ch\u00ednh tr\u1ecb v\u00e0 th\u1ef1c t\u1ebf kinh t\u1ebf n\u00e0y c\u00e0ng l\u00e0m ph\u1ee9c t\u1ea1p th\u00eam c\u00e1c quy\u1ebft \u0111\u1ecbnh ch\u00ednh s\u00e1ch c\u1ee7a C\u1ee5c D\u1ef1 tr\u1eef Li\u00ean bang. ACE Markets \u0111\u00e3 x\u00e1c th\u1ef1c ch\u00e9o quan \u0111i\u1ec3m c\u1ee7a Bank of America, Lazard v\u00e0 c\u00e1c t\u1ed5 ch\u1ee9c kh\u00e1c, nh\u1eadn th\u1ea5y r\u1eb1ng k\u1ef3 v\u1ecdng c\u01a1 b\u1ea3n hi\u1ec7n t\u1ea1i c\u1ee7a Ph\u1ed1 Wall \u0111\u1ed1i v\u1edbi cu\u1ed9c h\u1ecdp FOMC th\u00e1ng 6 l\u00e0 l\u00e3i su\u1ea5t kh\u00f4ng thay \u0111\u1ed5i, nh\u01b0ng tuy\u00ean b\u1ed1 ch\u00ednh s\u00e1ch s\u1ebd thay \u0111\u1ed5i \u0111\u00e1ng k\u1ec3 theo h\u01b0\u1edbng di\u1ec1u h\u00e2u, nh\u01b0\u1eddng ch\u1ed7 cho vi\u1ec7c t\u0103ng l\u00e3i su\u1ea5t trong t\u01b0\u01a1ng lai. H\u1ea7u h\u1ebft c\u00e1c t\u1ed5 ch\u1ee9c \u0111\u1ec1u tin r\u1eb1ng mi\u1ec5n l\u00e0 d\u1eef li\u1ec7u CPI th\u00e1ng 5 c\u00f4ng b\u1ed1 v\u00e0o ng\u00e0y 10 th\u00e1ng 6 kh\u00f4ng cho th\u1ea5y m\u1ee9c gi\u1ea3m qu\u00e1 m\u1ee9c th\u00ec kh\u1ea3 n\u0103ng Fed t\u0103ng l\u00e3i su\u1ea5t trong n\u0103m nay s\u1ebd t\u0103ng th\u00eam. C\u00e1c t\u1ed5 ch\u1ee9c nh\u01b0 Beiguang Asset Management ch\u1ec9 ra r\u1eb1ng t\u00ecnh h\u00ecnh \u1edf eo bi\u1ec3n Hormuz v\u1eabn l\u00e0 bi\u1ebfn s\u1ed1 b\u00ean ngo\u00e0i l\u1edbn nh\u1ea5t. N\u1ebfu vi\u1ec7c phong t\u1ecfa eo bi\u1ec3n ti\u1ebfp t\u1ee5c v\u00e0 gi\u00e1 d\u1ea7u v\u1eabn \u1edf m\u1ee9c cao, l\u1ea1m ph\u00e1t n\u0103ng l\u01b0\u1ee3ng s\u1ebd ti\u1ebfp t\u1ee5c truy\u1ec1n \u0111\u1ebfn gi\u00e1 l\u00f5i, bu\u1ed9c Fed ph\u1ea3i h\u00e0nh \u0111\u1ed9ng t\u0103ng l\u00e3i su\u1ea5t s\u1edbm h\u01a1n; ng\u01b0\u1ee3c l\u1ea1i, n\u1ebfu xung \u0111\u1ed9t \u0111\u1ecba ch\u00ednh tr\u1ecb gi\u1ea3m b\u1edbt v\u00e0 gi\u00e1 d\u1ea7u gi\u1ea3m, Fed c\u00f3 th\u1ec3 c\u00f3 nhi\u1ec1u th\u1eddi gian h\u01a1n \u0111\u1ec3 quan s\u00e1t.<\/p>\n

<\/a>Tri\u1ec3n v\u1ecdng th\u1ecb tr\u01b0\u1eddng ACE v\u00e0 c\u1ea3nh b\u00e1o r\u1ee7i ro<\/strong><\/p>\n

Nh\u00f3m v\u0129 m\u00f4 c\u1ee7a ACE Markets tin r\u1eb1ng hai tu\u1ea7n t\u1edbi s\u1ebd l\u00e0 kho\u1ea3ng th\u1eddi gian \u0111\u1ecbnh gi\u00e1 quan tr\u1ecdng \u0111\u1ed1i v\u1edbi th\u1ecb tr\u01b0\u1eddng to\u00e0n c\u1ea7u v\u00e0 c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 n\u00ean ch\u00fa \u00fd \u0111\u1ebfn hai c\u1ed9t m\u1ed1c quan tr\u1ecdng:<\/p>\n

    \n
  1. S\u1ed1 li\u1ec7u CPI c\u1ee7a M\u1ef9 ng\u00e0y 10\/6 <\/strong>: Ch\u1ec9 s\u1ed1 l\u1ea1m ph\u00e1t c\u01a1 b\u1ea3n s\u1ebd tr\u1ef1c ti\u1ebfp x\u00e1c \u0111\u1ecbnh quan \u0111i\u1ec3m ch\u00ednh s\u00e1ch c\u1ee7a cu\u1ed9c h\u1ecdp l\u00e3i su\u1ea5t v\u00e0o th\u00e1ng 6 c\u1ee7a Fed. N\u1ebfu t\u1ed1c \u0111\u1ed9 t\u0103ng tr\u01b0\u1edfng CPI c\u01a1 b\u1ea3n h\u00e0ng n\u0103m v\u01b0\u1ee3t qu\u00e1 3,5%, th\u1ecb tr\u01b0\u1eddng s\u1ebd nhanh ch\u00f3ng \u0111\u00e1nh gi\u00e1 kh\u1ea3 n\u0103ng t\u0103ng l\u00e3i su\u1ea5t v\u00e0o th\u00e1ng 9.<\/li>\n
  2. Cu\u1ed9c h\u1ecdp FOMC ng\u00e0y 16-17 th\u00e1ng 6 <\/strong>: Cu\u1ed9c h\u1ecdp b\u00e1o \u0111\u1ea7u ti\u00ean c\u1ee7a Warsh s\u1ebd l\u00e0 \u0111i\u1ec3m n\u1ed5i b\u1eadt, v\u00ec th\u1ecb tr\u01b0\u1eddng s\u1ebd t\u00ecm ki\u1ebfm nh\u1eefng t\u00edn hi\u1ec7u r\u00f5 r\u00e0ng v\u1ec1 s\u1ef1 thay \u0111\u1ed5i trong l\u1eadp tr\u01b0\u1eddng ch\u00ednh s\u00e1ch c\u1ee7a \u00f4ng v\u00e0 h\u01b0\u1edbng d\u1eabn m\u1edbi nh\u1ea5t v\u1ec1 l\u1ed9 tr\u00ecnh t\u0103ng l\u00e3i su\u1ea5t trong n\u0103m nay.<\/li>\n<\/ol>\n

    V\u1ec1 gi\u00e1 t\u00e0i s\u1ea3n, l\u1ee3i su\u1ea5t tr\u00e1i phi\u1ebfu kho b\u1ea1c M\u1ef9 ng\u1eafn h\u1ea1n v\u1eabn c\u00f2n d\u01b0 \u0111\u1ecba t\u0103ng, ch\u1ec9 s\u1ed1 \u0111\u00f4 la M\u1ef9 s\u1ebd v\u1eabn m\u1ea1nh v\u00e0 v\u00e0ng c\u00f3 th\u1ec3 ti\u1ebfp t\u1ee5c ch\u1ecbu \u00e1p l\u1ef1c do l\u00e3i su\u1ea5t th\u1ef1c t\u0103ng; Ch\u1ee9ng kho\u00e1n M\u1ef9 s\u1ebd ph\u1ea3i \u0111\u1ed1i m\u1eb7t v\u1edbi tr\u00f2 ch\u01a1i k\u00e9p g\u1ed3m k\u1ef3 v\u1ecdng v\u1ec1 thu nh\u1eadp v\u00e0 l\u00e3i su\u1ea5t t\u0103ng, \u0111\u1ed3ng th\u1eddi s\u1ef1 bi\u1ebfn \u0111\u1ed9ng trong l\u0129nh v\u1ef1c c\u00f4ng ngh\u1ec7 c\u00f3 gi\u00e1 tr\u1ecb cao c\u00f3 th\u1ec3 gia t\u0103ng.<\/p>","protected":false},"excerpt":{"rendered":"

    Kh\u00e1m ph\u00e1 xem d\u1eef li\u1ec7u vi\u1ec7c l\u00e0m c\u1ee7a Hoa K\u1ef3 \u0111\u00e3 \u0111\u1ecbnh h\u00ecnh l\u1ea1i k\u1ef3 v\u1ecdng v\u1ec1 l\u00e3i su\u1ea5t c\u1ee7a Fed nh\u01b0 th\u1ebf n\u00e0o, \u0111\u1ed3ng \u0111\u00f4 la m\u1ea1nh l\u00ean, g\u00e2y \u00e1p l\u1ef1c l\u00ean v\u00e0ng v\u00e0 t\u00e1c \u0111\u1ed9ng \u0111\u1ebfn th\u1ecb tr\u01b0\u1eddng t\u00e0i s\u1ea3n to\u00e0n c\u1ea7u nh\u01b0 th\u1ebf n\u00e0o.<\/p>","protected":false},"author":1,"featured_media":9529,"comment_status":"closed","ping_status":"closed","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":[779,135,474],"class_list":["post-9528","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-financial-news","tag-fed-interest-rates","tag-federal-reserve","tag-nonfarm-payrolls"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.mdwcc.com\/vi\/wp-json\/wp\/v2\/posts\/9528","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=9528"}],"version-history":[{"count":1,"href":"https:\/\/www.mdwcc.com\/vi\/wp-json\/wp\/v2\/posts\/9528\/revisions"}],"predecessor-version":[{"id":9533,"href":"https:\/\/www.mdwcc.com\/vi\/wp-json\/wp\/v2\/posts\/9528\/revisions\/9533"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.mdwcc.com\/vi\/wp-json\/wp\/v2\/media\/9529"}],"wp:attachment":[{"href":"https:\/\/www.mdwcc.com\/vi\/wp-json\/wp\/v2\/media?parent=9528"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.mdwcc.com\/vi\/wp-json\/wp\/v2\/categories?post=9528"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.mdwcc.com\/vi\/wp-json\/wp\/v2\/tags?post=9528"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}