Fed \u0111\u01b0\u1ee3c d\u1ef1 b\u00e1o s\u1ebd gi\u1eef nguy\u00ean l\u00e3i su\u1ea5t t\u1ea1i cu\u1ed9c h\u1ecdp th\u00e1ng 7 khi l\u1ea1m ph\u00e1t v\u00e0 th\u1ecb tr\u01b0\u1eddng lao \u0111\u1ed9ng v\u1eabn l\u00e0 nh\u1eefng y\u1ebfu t\u1ed1 \u0111\u01b0\u1ee3c theo d\u00f5i ch\u1eb7t ch\u1ebd tr\u01b0\u1edbc khi \u0111\u01b0a ra quy\u1ebft \u0111\u1ecbnh \u0111i\u1ec1u ch\u1ec9nh ch\u00ednh s\u00e1ch ti\u1ec1n t\u1ec7.<\/p>\n
Chuy\u00ean trang t\u00e0i ch\u00ednh Kitco ng\u00e0y 24\/7 d\u1eabn ph\u00e2n t\u00edch m\u1edbi nh\u1ea5t c\u1ee7a Ng\u00e2n h\u00e0ng Natixis \u0111\u00e1nh gi\u00e1 C\u1ee5c D\u1ef1 tr\u1eef Li\u00ean bang M\u1ef9 (Fed) nhi\u1ec1u kh\u1ea3 n\u0103ng ti\u1ebfp t\u1ee5c gi\u1eef nguy\u00ean l\u00e3i su\u1ea5t t\u1ea1i cu\u1ed9c h\u1ecdp ch\u00ednh s\u00e1ch trong th\u00e1ng 7\/2026 v\u00e0 c\u00f3 th\u1ec3 duy tr\u00ec l\u1eadp tr\u01b0\u1eddng n\u00e0y trong ph\u1ea7n c\u00f2n l\u1ea1i c\u1ee7a n\u0103m 2026.<\/p>\n
Theo ph\u00f3ng vi\u00ean TTXVN t\u1ea1i New York, ph\u00e2n t\u00edch c\u1ee7a Ng\u00e2n h\u00e0ng Natixis cho th\u1ea5y c\u00e1ch ti\u1ebfp c\u1eadn th\u1eadn tr\u1ecdng c\u1ee7a Fed trong b\u1ed1i c\u1ea3nh l\u1ea1m ph\u00e1t t\u1ea1i M\u1ef9 \u0111\u00e3 h\u1ea1 nhi\u1ec7t ph\u1ea7n n\u00e0o, song v\u1eabn ti\u1ec1m \u1ea9n nguy c\u01a1 t\u0103ng tr\u1edf l\u1ea1i do nh\u1eefng bi\u1ebfn s\u1ed1 b\u00ean ngo\u00e0i n\u1ec1n kinh t\u1ebf.<\/p>\n
Natixis nh\u1eadn \u0111\u1ecbnh c\u00e1c s\u1ed1 li\u1ec7u th\u1ecb tr\u01b0\u1eddng v\u00e0 lao \u0111\u1ed9ng g\u1ea7n \u0111\u00e2y \u0111\u00e3 t\u1ea1o th\u00eam d\u01b0 \u0111\u1ecba \u0111\u1ec3 Fed ti\u1ebfp t\u1ee5c quan s\u00e1t th\u00eam, thay v\u00ec v\u1ed9i v\u00e0ng \u0111i\u1ec1u ch\u1ec9nh l\u00e3i su\u1ea5t.<\/p>\n
D\u00f9 \u00e1p l\u1ef1c gi\u00e1 c\u1ea3 \u0111\u00e3 gi\u1ea3m b\u1edbt so v\u1edbi giai \u0111o\u1ea1n \u0111\u1ea7u n\u0103m, gi\u1edbi ch\u1ee9c l\u00e3nh \u0111\u1ea1o Fed v\u1eabn ch\u01b0a c\u00f3 \u0111\u1ee7 c\u01a1 s\u1edf \u0111\u1ec3 nh\u1ea5n m\u1ea1nh l\u1ea1m ph\u00e1t \u0111ang h\u1ea1 nhi\u1ec7t m\u1ed9t c\u00e1ch b\u1ec1n v\u1eefng v\u1ec1 ng\u01b0\u1ee1ng m\u1ee5c ti\u00eau 2%. V\u00ec v\u1eady, quy\u1ebft \u0111\u1ecbnh gi\u1eef nguy\u00ean l\u00e3i su\u1ea5t \u0111\u01b0\u1ee3c \u0111\u00e1nh gi\u00e1 l\u00e0 k\u1ecbch b\u1ea3n c\u00f3 kh\u1ea3 n\u0103ng cao nh\u1ea5t t\u1ea1i cu\u1ed9c h\u1ecdp s\u1eafp t\u1edbi.<\/p>\n
Theo Kitco, quy\u1ebft \u0111\u1ecbnh l\u1ea7n n\u00e0y c\u00f3 th\u1ec3 kh\u00f4ng \u0111\u1ea1t \u0111\u1ed3ng thu\u1eadn tuy\u1ec7t \u0111\u1ed1i, khi m\u1ed9t s\u1ed1 quan ch\u1ee9c c\u1ee7a Fed c\u00f3 quan \u0111i\u1ec3m th\u1eadn tr\u1ecdng h\u01a1n v\u1ec1 l\u1ea1m ph\u00e1t nhi\u1ec1u kh\u1ea3 n\u0103ng s\u1ebd ph\u1ea3n \u0111\u1ed1i ph\u01b0\u01a1ng \u00e1n gi\u1eef nguy\u00ean l\u00e3i su\u1ea5t. D\u00f9 v\u1eady, xu h\u01b0\u1edbng ch\u1ee7 \u0111\u1ea1o trong n\u1ed9i b\u1ed9 Fed v\u1eabn l\u00e0 ki\u00ean nh\u1eabn ch\u1edd \u0111\u1ee3i th\u00eam d\u1eef li\u1ec7u kinh t\u1ebf tr\u01b0\u1edbc khi t\u00ednh \u0111\u1ebfn c\u00e1c b\u01b0\u1edbc \u0111i ti\u1ebfp theo.<\/p>\n
Ng\u00e2n h\u00e0ng Natixis c\u0169ng c\u1ea3nh b\u00e1o c\u00e1c r\u1ee7i ro c\u00f3 th\u1ec3 khi\u1ebfn l\u1ea1m ph\u00e1t t\u0103ng tr\u1edf l\u1ea1i trong th\u1eddi gian t\u1edbi. Trong \u0111\u00f3, c\u0103ng th\u1eb3ng \u0111\u1ecba ch\u00ednh tr\u1ecb li\u00ean quan \u0111\u1ebfn Iran v\u00e0 kh\u1ea3 n\u0103ng gi\u00e1 n\u0103ng l\u01b0\u1ee3ng bi\u1ebfn \u0111\u1ed9ng m\u1ea1nh \u0111\u01b0\u1ee3c xem l\u00e0 nh\u1eefng y\u1ebfu t\u1ed1 c\u00f3 th\u1ec3 t\u00e1c \u0111\u1ed9ng tr\u1ef1c ti\u1ebfp t\u1edbi chi ph\u00ed s\u1ea3n xu\u1ea5t, v\u1eadn t\u1ea3i v\u00e0 m\u1eb7t b\u1eb1ng gi\u00e1 c\u1ea3 t\u1ea1i M\u1ef9.<\/p>\n
Ngo\u00e0i ra, ch\u00ednh s\u00e1ch thu\u1ebf quan m\u1edbi c\u1ee7a ch\u00ednh quy\u1ec1n T\u1ed5ng th\u1ed1ng Donald Trump c\u0169ng c\u00f3 th\u1ec3 t\u1ea1o th\u00eam \u00e1p l\u1ef1c l\u00ean l\u1ea1m ph\u00e1t n\u1ebfu c\u00e1c bi\u1ec7n ph\u00e1p m\u1edbi \u0111\u01b0\u1ee3c tri\u1ec3n khai.<\/p>\n
Theo \u0111\u00e1nh gi\u00e1 c\u1ee7a Natixis, n\u1ebfu c\u00e1c c\u00fa s\u1ed1c n\u00e0y ch\u1ec9 mang t\u00ednh ng\u1eafn h\u1ea1n, Fed c\u00f3 th\u1ec3 ti\u1ebfp t\u1ee5c duy tr\u00ec m\u1ee9c l\u00e3i su\u1ea5t hi\u1ec7n t\u1ea1i trong c\u1ea3 n\u0103m 2026. Ng\u01b0\u1ee3c l\u1ea1i, trong tr\u01b0\u1eddng h\u1ee3p l\u1ea1m ph\u00e1t c\u00f3 d\u1ea5u hi\u1ec7u quay tr\u1edf l\u1ea1i m\u1ea1nh h\u01a1n d\u1ef1 ki\u1ebfn, ng\u00e2n h\u00e0ng trung \u01b0\u01a1ng M\u1ef9 khi \u0111\u00f3 s\u1ebd ph\u1ea3i c\u00e2n nh\u1eafc \u0111i\u1ec1u ch\u1ec9nh l\u1eadp tr\u01b0\u1eddng ch\u00ednh s\u00e1ch theo h\u01b0\u1edbng c\u1ee9ng r\u1eafn h\u01a1n.<\/p>\n
Gi\u1edbi \u0111\u1ea7u t\u01b0 \u0111ang theo d\u00f5i s\u00e1t th\u00f4ng \u0111i\u1ec7p t\u1eeb Fed, b\u1edfi quy\u1ebft \u0111\u1ecbnh t\u1ea1i cu\u1ed9c h\u1ecdp th\u00e1ng 7 kh\u00f4ng ch\u1ec9 t\u00e1c \u0111\u1ed9ng t\u1edbi tri\u1ec3n v\u1ecdng ch\u00ednh s\u00e1ch ti\u1ec1n t\u1ec7 trong nh\u1eefng th\u00e1ng cu\u1ed1i n\u0103m, m\u00e0 c\u00f2n t\u00e1c \u0111\u1ed9ng t\u1edbi th\u1ecb tr\u01b0\u1eddng t\u00e0i ch\u00ednh to\u00e0n c\u1ea7u, \u0111\u1eb7c bi\u1ec7t l\u00e0 v\u00e0ng, \u0111\u1ed3ng USD v\u00e0 l\u1ee3i su\u1ea5t tr\u00e1i phi\u1ebfu M\u1ef9.<\/p>\n
Trong b\u1ed1i c\u1ea3nh \u0111\u00f3, vi\u1ec7c Fed ti\u1ebfp t\u1ee5c \u201c\u00e1n binh b\u1ea5t \u0111\u1ed9ng\u201d \u0111\u01b0\u1ee3c xem l\u00e0 kh\u1ea3 n\u0103ng \u0111\u00e1ng ch\u00fa \u00fd nh\u1ea5t tr\u00ean b\u00e0n c\u00e2n ch\u00ednh s\u00e1ch hi\u1ec7n nay.<\/p>\n