Fed gi\u1eef nguy\u00ean l\u00e3i su\u1ea5t tham chi\u1ebfu \u1edf 3,5\u20133,75% trong l\u1ea7n th\u1ee9 n\u0103m li\u00ean ti\u1ebfp, nh\u01b0ng ba quan ch\u1ee9c mu\u1ed1n t\u0103ng th\u00eam 0,25%. Quy\u1ebft \u0111\u1ecbnh \u0111\u01b0\u1ee3c \u0111\u01b0a ra khi l\u1ea1m ph\u00e1t c\u00f2n cao v\u00e0 c\u00fa s\u1ed1c n\u0103ng l\u01b0\u1ee3ng t\u1eeb Trung \u0110\u00f4ng ti\u1ebfp t\u1ee5c t\u1ea1o s\u1ee9c \u00e9p l\u00ean tri\u1ec3n v\u1ecdng ch\u00ednh s\u00e1ch.<\/p>\n
Ng\u00e0y 29\/7, sau cu\u1ed9c h\u1ecdp ch\u00ednh s\u00e1ch k\u00e9o d\u00e0i hai ng\u00e0y, C\u1ee5c D\u1ef1 tr\u1eef Li\u00ean bang M\u1ef9 (Fed) quy\u1ebft \u0111\u1ecbnh gi\u1eef l\u00e3i su\u1ea5t tham chi\u1ebfu trong kho\u1ea3ng 3,5\u20133,75%. K\u1ebft qu\u1ea3 n\u00e0y t\u01b0\u01a1ng t\u1ef1 b\u1ed1n cu\u1ed9c h\u1ecdp tr\u01b0\u1edbc \u0111\u00f3 trong n\u0103m v\u00e0 ph\u00f9 h\u1ee3p v\u1edbi ph\u1ea7n l\u1edbn d\u1ef1 b\u00e1o c\u1ee7a th\u1ecb tr\u01b0\u1eddng.<\/p>\n
N\u0103m ngo\u00e1i, Fed \u0111\u00e3 gi\u1ea3m l\u00e3i su\u1ea5t ba l\u1ea7n. Tr\u01b0\u1edbc k\u1ef3 h\u1ecdp l\u1ea7n n\u00e0y, c\u00f4ng c\u1ee5 FedWatch c\u1ee7a CME Group cho th\u1ea5y nh\u00e0 \u0111\u1ea7u t\u01b0 \u0111\u00e1nh gi\u00e1 x\u00e1c su\u1ea5t Fed gi\u1eef nguy\u00ean ch\u00ednh s\u00e1ch ti\u1ec1n t\u1ec7 \u1edf m\u1ee9c 64%.<\/p>\n
\u0110\u00e2y l\u00e0 cu\u1ed9c h\u1ecdp ch\u00ednh s\u00e1ch th\u1ee9 hai do Ch\u1ee7 t\u1ecbch Fed Kevin Warsh ch\u1ee7 tr\u00ec. Th\u00f4ng b\u00e1o sau cu\u1ed9c h\u1ecdp ng\u1eafn h\u01a1n tr\u01b0\u1edbc, t\u1eadp trung v\u00e0o quy\u1ebft \u0111\u1ecbnh l\u00e3i su\u1ea5t v\u00e0 m\u1ee5c ti\u00eau duy tr\u00ec l\u01b0\u1ee3ng d\u1ef1 tr\u1eef d\u1ed3i d\u00e0o trong h\u1ec7 th\u1ed1ng ng\u00e2n h\u00e0ng. \u0110\u00e1ng ch\u00fa \u00fd, v\u0103n b\u1ea3n kh\u00f4ng c\u00f2n \u0111\u01b0a ra \u0111\u1ecbnh h\u01b0\u1edbng c\u1ee5 th\u1ec3 v\u1ec1 l\u1ed9 tr\u00ecnh l\u00e3i su\u1ea5t trong t\u01b0\u01a1ng lai.<\/p>\n
Fed cho bi\u1ebft kinh t\u1ebf M\u1ef9 ti\u1ebfp t\u1ee5c t\u0103ng tr\u01b0\u1edfng v\u1edbi t\u1ed1c \u0111\u1ed9 v\u1eefng ch\u1eafc, d\u00f9 m\u1ee9c \u0111\u1ed9 b\u1ea5t \u1ed5n c\u00f2n cao v\u00e0 m\u1ed9t ph\u1ea7n \u0111\u1ebfn t\u1eeb xung \u0111\u1ed9t t\u1ea1i Trung \u0110\u00f4ng. T\u0103ng tr\u01b0\u1edfng n\u0103ng su\u1ea5t v\u00e0 \u0111\u1ea7u t\u01b0 v\u1ed1n v\u1eabn m\u1ea1nh, t\u1ef7 l\u1ec7 th\u1ea5t nghi\u1ec7p kh\u00f4ng thay \u0111\u1ed5i v\u00e0 th\u1ecb tr\u01b0\u1eddng lao \u0111\u1ed9ng ti\u1ebfp t\u1ee5c t\u1ea1o th\u00eam vi\u1ec7c l\u00e0m \u1ed5n \u0111\u1ecbnh.<\/p>\n
Tuy nhi\u00ean, l\u1ea1m ph\u00e1t v\u1eabn cao h\u01a1n m\u1ee5c ti\u00eau 2%. Fed cho r\u1eb1ng c\u00e1c c\u00fa s\u1ed1c ngu\u1ed3n cung \u0111\u00e3 \u0111\u1ea9y gi\u00e1 m\u1ed9t s\u1ed1 l\u0129nh v\u1ef1c \u0111i l\u00ean, trong \u0111\u00f3 c\u00f3 n\u0103ng l\u01b0\u1ee3ng, v\u00e0 t\u00e1i kh\u1eb3ng \u0111\u1ecbnh cam k\u1ebft \u1ed5n \u0111\u1ecbnh gi\u00e1 c\u1ea3.<\/p>\n
Quy\u1ebft \u0111\u1ecbnh gi\u1eef nguy\u00ean l\u00e3i su\u1ea5t kh\u00f4ng nh\u1eadn \u0111\u01b0\u1ee3c s\u1ef1 \u0111\u1ed3ng thu\u1eadn tuy\u1ec7t \u0111\u1ed1i. Ba quan ch\u1ee9c b\u1ecf phi\u1ebfu ph\u1ea3n \u0111\u1ed1i g\u1ed3m Ch\u1ee7 t\u1ecbch Fed Dallas Lorie Logan, Ch\u1ee7 t\u1ecbch Fed Cleveland Beth Hammack v\u00e0 Ch\u1ee7 t\u1ecbch Fed Minneapolis Neel Kashkari. Nh\u00f3m n\u00e0y mu\u1ed1n n\u00e2ng l\u00e3i su\u1ea5t th\u00eam 25 \u0111i\u1ec3m c\u01a1 b\u1ea3n, t\u01b0\u01a1ng \u0111\u01b0\u01a1ng 0,25%, ngay t\u1ea1i cu\u1ed9c h\u1ecdp th\u00e1ng 7.<\/p>\n
Trong h\u1ecdp b\u00e1o, Ch\u1ee7 t\u1ecbch Warsh cho bi\u1ebft c\u00e1c quan ch\u1ee9c \u0111\u00e3 th\u1ea3o lu\u1eadn s\u00f4i n\u1ed5i v\u1ec1 l\u1ea1m ph\u00e1t, nh\u1eefng c\u00fa s\u1ed1c kinh t\u1ebf g\u1ea7n \u0111\u00e2y, m\u1ee9c t\u0103ng gi\u00e1 ph\u00e1t sinh v\u00e0 c\u00f4ng c\u1ee5 \u0111i\u1ec1u h\u00e0nh ch\u00ednh s\u00e1ch ti\u1ec1n t\u1ec7. \u00d4ng ti\u1ebfp t\u1ee5c nh\u1ea5n m\u1ea1nh Fed ch\u1ec9 c\u00f3 m\u1ed9t m\u1ee5c ti\u00eau l\u1ea1m ph\u00e1t l\u00e0 2%.<\/p>\n
Theo Ch\u1ee7 t\u1ecbch Fed, t\u00ecnh tr\u1ea1ng l\u1ea1m ph\u00e1t cao h\u01a1n m\u1ee5c ti\u00eau trong h\u01a1n 5 n\u0103m kh\u00f4ng th\u1ec3 \u0111\u01b0\u1ee3c x\u1eed l\u00fd ch\u1ec9 trong 9 tu\u1ea7n ho\u1eb7c d\u1ef1a tr\u00ean m\u1ed9t th\u00e1ng gi\u00e1 c\u1ea3 t\u0103ng ch\u1eadm l\u1ea1i. Quan \u0111i\u1ec3m n\u00e0y cho th\u1ea5y Fed v\u1eabn th\u1eadn tr\u1ecdng tr\u01b0\u1edbc khi thay \u0111\u1ed5i ch\u00ednh s\u00e1ch, d\u00f9 c\u01a1 quan n\u00e0y kh\u00f4ng c\u00f2n ph\u00e1t t\u00edn hi\u1ec7u \u0111\u1ecbnh h\u01b0\u1edbng cho c\u00e1c cu\u1ed9c h\u1ecdp ti\u1ebfp theo.<\/p>\n
Th\u00e1ng tr\u01b0\u1edbc, l\u1ea1m ph\u00e1t M\u1ef9 t\u0103ng 3,5% so v\u1edbi c\u00f9ng k\u1ef3 n\u0103m ngo\u00e1i v\u00e0 c\u00f3 d\u1ea5u hi\u1ec7u h\u1ea1 nhi\u1ec7t nh\u1edd gi\u00e1 x\u0103ng gi\u1ea3m. Tuy nhi\u00ean, gi\u00e1 x\u0103ng \u0111\u00e3 t\u0103ng tr\u1edf l\u1ea1i trong v\u00e0i tu\u1ea7n g\u1ea7n \u0111\u00e2y khi c\u0103ng th\u1eb3ng Trung \u0110\u00f4ng leo thang.<\/p>\n
Theo d\u1eef li\u1ec7u trong b\u00e0i ngu\u1ed3n, gi\u00e1 d\u1ea7u th\u00f4 th\u1ebf gi\u1edbi t\u0103ng kho\u1ea3ng 7%, l\u00ean v\u00f9ng 84\u201390 USD\/th\u00f9ng. Vi\u1ec7c n\u0103ng l\u01b0\u1ee3ng t\u0103ng gi\u00e1 c\u00f3 th\u1ec3 khi\u1ebfn qu\u00e1 tr\u00ecnh \u0111\u01b0a l\u1ea1m ph\u00e1t v\u1ec1 m\u1ee5c ti\u00eau 2% tr\u1edf n\u00ean kh\u00f3 kh\u0103n h\u01a1n v\u00e0 l\u00e0 m\u1ed9t bi\u1ebfn s\u1ed1 quan tr\u1ecdng \u0111\u1ed1i v\u1edbi nh\u1eefng quy\u1ebft \u0111\u1ecbnh ti\u1ebfp theo c\u1ee7a Fed.<\/p>\n
Sau th\u00f4ng b\u00e1o c\u1ee7a Fed, \u0111\u1ed3ng USD t\u0103ng 0,3% so v\u1edbi euro, \u0111\u01b0a t\u1ef7 gi\u00e1 v\u1ec1 m\u1ee9c 1 EUR \u0111\u1ed5i 1,14 USD. Ch\u1ec9 s\u1ed1 S&P 500 thu h\u1eb9p \u0111\u00e0 gi\u1ea3m nh\u01b0ng v\u1eabn m\u1ea5t 0,18%.<\/p>\n
Gi\u00e1 v\u00e0ng th\u1ebf gi\u1edbi t\u0103ng h\u01a1n 40 USD trong v\u00e0i ph\u00fat v\u00e0 l\u00ean 4.080 USD\/ounce theo d\u1eef li\u1ec7u c\u1ee7a b\u00e0i ngu\u1ed3n. Nh\u1eefng ph\u1ea3n \u1ee9ng kh\u00e1c nhau gi\u1eefa USD, ch\u1ee9ng kho\u00e1n v\u00e0 t\u00e0i s\u1ea3n tr\u00fa \u1ea9n cho th\u1ea5y th\u1ecb tr\u01b0\u1eddng \u0111ang \u0111\u1ed3ng th\u1eddi \u0111\u00e1nh gi\u00e1 l\u1eadp tr\u01b0\u1eddng ti\u1ec1n t\u1ec7 th\u1eadn tr\u1ecdng c\u1ee7a Fed v\u00e0 r\u1ee7i ro \u0111\u1ecba ch\u00ednh tr\u1ecb t\u1ea1i Trung \u0110\u00f4ng.<\/p>\n
Vi\u1ec7c Fed gi\u1eef l\u00e3i su\u1ea5t 3,5\u20133,75% ph\u00f9 h\u1ee3p v\u1edbi k\u1ef3 v\u1ecdng tr\u01b0\u1edbc cu\u1ed9c h\u1ecdp, n\u00ean b\u1ea3n th\u00e2n quy\u1ebft \u0111\u1ecbnh kh\u00f4ng t\u1ea1o ra c\u00fa s\u1ed1c ch\u00ednh s\u00e1ch l\u1edbn. Tuy nhi\u00ean, ba phi\u1ebfu \u1ee7ng h\u1ed9 t\u0103ng l\u00e3i su\u1ea5t, l\u1ea1m ph\u00e1t cao h\u01a1n m\u1ee5c ti\u00eau v\u00e0 \u00e1p l\u1ef1c m\u1edbi t\u1eeb gi\u00e1 n\u0103ng l\u01b0\u1ee3ng khi\u1ebfn m\u1ee9c \u0111\u1ed9 \u1ea3nh h\u01b0\u1edfng \u0111\u1ebfn th\u1ecb tr\u01b0\u1eddng t\u00e0i ch\u00ednh v\u00e0 h\u00e0ng h\u00f3a \u0111\u01b0\u1ee3c \u0111\u00e1nh gi\u00e1 \u1edf m\u1ee9c \u0111\u00e1ng ch\u00fa \u00fd.<\/p>\n
Trong ng\u1eafn h\u1ea1n, th\u1ecb tr\u01b0\u1eddng c\u00f3 th\u1ec3 ti\u1ebfp t\u1ee5c nh\u1ea1y c\u1ea3m v\u1edbi d\u1eef li\u1ec7u l\u1ea1m ph\u00e1t, di\u1ec5n bi\u1ebfn gi\u00e1 d\u1ea7u v\u00e0 th\u00f4ng \u0111i\u1ec7p t\u1eeb Fed. Do tuy\u00ean b\u1ed1 l\u1ea7n n\u00e0y kh\u00f4ng \u0111\u01b0a ra \u0111\u1ecbnh h\u01b0\u1edbng l\u00e3i su\u1ea5t t\u01b0\u01a1ng lai, nh\u00e0 \u0111\u1ea7u t\u01b0 c\u1ea7n th\u1eadn tr\u1ecdng tr\u01b0\u1edbc c\u00e1c d\u1ef1 b\u00e1o v\u1ec1 th\u1eddi \u0111i\u1ec3m thay \u0111\u1ed5i ch\u00ednh s\u00e1ch.<\/p>\n