{"id":41992,"date":"2026-09-17T09:18:46","date_gmt":"2026-09-17T02:18:46","guid":{"rendered":"https:\/\/edutrade.vn\/?p=41992"},"modified":"2026-09-17T09:18:46","modified_gmt":"2026-09-17T02:18:46","slug":"fed-tang-lai-suat-sau-3-nam","status":"publish","type":"post","link":"https:\/\/edutrade.vn\/en\/fed-tang-lai-suat-sau-3-nam\/","title":{"rendered":"Fed t\u0103ng l\u00e3i su\u1ea5t sau 3 n\u0103m, b\u00e1o hi\u1ec7u c\u00f2n ti\u1ebfp t\u1ee5c"},"content":{"rendered":"

Fed \u0111\u00e3 quy\u1ebft \u0111\u1ecbnh t\u0103ng l\u00e3i su\u1ea5t l\u1ea7n \u0111\u1ea7u ti\u00ean sau 3 n\u0103m, \u0111\u00e1nh d\u1ea5u s\u1ef1 thay \u0111\u1ed5i \u0111\u00e1ng ch\u00fa \u00fd trong l\u1eadp tr\u01b0\u1eddng ch\u00ednh s\u00e1ch ti\u1ec1n t\u1ec7 c\u1ee7a C\u1ee5c D\u1ef1 tr\u1eef Li\u00ean bang M\u1ef9. \u0110\u1ed9ng th\u00e1i n\u00e0y ngay l\u1eadp t\u1ee9c thu h\u00fat s\u1ef1 ch\u00fa \u00fd c\u1ee7a gi\u1edbi \u0111\u1ea7u t\u01b0 to\u00e0n c\u1ea7u, b\u1edfi n\u00f3 kh\u00f4ng ch\u1ec9 ph\u1ea3n \u00e1nh quan \u0111i\u1ec3m c\u1ee7a Fed v\u1ec1 \u00e1p l\u1ef1c l\u1ea1m ph\u00e1t v\u00e0 t\u0103ng tr\u01b0\u1edfng, m\u00e0 c\u00f2n c\u00f3 th\u1ec3 t\u00e1c \u0111\u1ed9ng d\u00e2y chuy\u1ec1n \u0111\u1ebfn t\u1ef7 gi\u00e1, d\u00f2ng v\u1ed1n v\u00e0 di\u1ec5n bi\u1ebfn gi\u00e1 tr\u00ean nhi\u1ec1u nh\u00f3m h\u00e0ng h\u00f3a. Theo b\u00e0i ph\u00e2n t\u00edch tr\u00ean Vietnambiz<\/a>, t\u00edn hi\u1ec7u t\u1eeb Fed cho th\u1ea5y chu k\u1ef3 th\u1eaft ch\u1eb7t c\u00f3 th\u1ec3 ch\u01b0a d\u1eebng l\u1ea1i.<\/p>\n

\u0110i\u1ec3m \u0111\u00e1ng ch\u00fa \u00fd h\u01a1n l\u00e0 vi\u1ec7c n\u00e2ng l\u00e3i su\u1ea5t l\u1ea7n n\u00e0y kh\u00f4ng \u0111\u01b0\u1ee3c xem nh\u01b0 m\u1ed9t h\u00e0nh \u0111\u1ed9ng \u0111\u01a1n l\u1ebb. Theo th\u00f4ng \u0111i\u1ec7p t\u1eeb Fed, kh\u1ea3 n\u0103ng ch\u00ednh s\u00e1ch ti\u1ec1n t\u1ec7 ti\u1ebfp t\u1ee5c \u0111\u01b0\u1ee3c \u0111i\u1ec1u ch\u1ec9nh trong th\u1eddi gian t\u1edbi v\u1eabn hi\u1ec7n h\u1eefu n\u1ebfu d\u1eef li\u1ec7u kinh t\u1ebf ch\u01b0a cho th\u1ea5y t\u00edn hi\u1ec7u h\u1ea1 nhi\u1ec7t b\u1ec1n v\u1eefng. \u0110i\u1ec1u \u0111\u00f3 khi\u1ebfn th\u1ecb tr\u01b0\u1eddng ph\u1ea3i chu\u1ea9n b\u1ecb cho m\u1ed9t giai \u0111o\u1ea1n bi\u1ebfn \u0111\u1ed9ng m\u1edbi, \u0111\u1eb7c bi\u1ec7t trong b\u1ed1i c\u1ea3nh c\u00e1c t\u00e0i s\u1ea3n r\u1ee7i ro v\u00e0 h\u00e0ng h\u00f3a th\u01b0\u1eddng nh\u1ea1y c\u1ea3m v\u1edbi thay \u0111\u1ed5i v\u1ec1 chi ph\u00ed v\u1ed1n v\u00e0 k\u1ef3 v\u1ecdng t\u0103ng tr\u01b0\u1edfng.<\/p>\n

Fed t\u0103ng l\u00e3i su\u1ea5t sau 3 n\u0103m: t\u00edn hi\u1ec7u th\u1eaft ch\u1eb7t ch\u00ednh s\u00e1ch quay tr\u1edf l\u1ea1i<\/h2>\n

Quy\u1ebft \u0111\u1ecbnh t\u0103ng l\u00e3i su\u1ea5t l\u1ea7n \u0111\u1ea7u sau 3 n\u0103m cho th\u1ea5y Fed \u0111ang \u01b0u ti\u00ean ki\u1ec3m so\u00e1t l\u1ea1m ph\u00e1t v\u00e0 duy tr\u00ec s\u1ef1 \u1ed5n \u0111\u1ecbnh kinh t\u1ebf h\u01a1n l\u00e0 ti\u1ebfp t\u1ee5c h\u1ed7 tr\u1ee3 thanh kho\u1ea3n nh\u01b0 giai \u0111o\u1ea1n tr\u01b0\u1edbc. Tr\u00ean th\u1ef1c t\u1ebf, m\u1ed7i thay \u0111\u1ed5i t\u1eeb Fed \u0111\u1ec1u c\u00f3 s\u1ee9c \u1ea3nh h\u01b0\u1edfng l\u1edbn \u0111\u1ebfn th\u1ecb tr\u01b0\u1eddng t\u00e0i ch\u00ednh to\u00e0n c\u1ea7u, v\u00ec \u0111\u1ed3ng USD, l\u1ee3i su\u1ea5t tr\u00e1i phi\u1ebfu v\u00e0 kh\u1ea9u v\u1ecb r\u1ee7i ro c\u1ee7a nh\u00e0 \u0111\u1ea7u t\u01b0 \u0111\u1ec1u ch\u1ecbu t\u00e1c \u0111\u1ed9ng tr\u1ef1c ti\u1ebfp.<\/p>\n

\"Additional<\/p>\n

Trong b\u1ed1i c\u1ea3nh n\u00e0y, th\u1ecb tr\u01b0\u1eddng h\u00e0ng h\u00f3a th\u01b0\u1eddng ph\u1ea3n \u1ee9ng theo nhi\u1ec1u chi\u1ec1u. Khi l\u00e3i su\u1ea5t t\u0103ng, \u0111\u1ed3ng USD c\u00f3 xu h\u01b0\u1edbng \u0111\u01b0\u1ee3c h\u1ed7 tr\u1ee3, qua \u0111\u00f3 \u1ea3nh h\u01b0\u1edfng \u0111\u1ebfn s\u1ee9c mua c\u1ee7a c\u00e1c qu\u1ed1c gia nh\u1eadp kh\u1ea9u h\u00e0ng h\u00f3a \u0111\u1ecbnh gi\u00e1 b\u1eb1ng USD. \u0110\u1ed3ng th\u1eddi, chi ph\u00ed vay v\u1ed1n cao h\u01a1n c\u00f3 th\u1ec3 l\u00e0m gi\u1ea3m k\u1ef3 v\u1ecdng m\u1edf r\u1ed9ng s\u1ea3n xu\u1ea5t, \u0111\u1ea7u t\u01b0 v\u00e0 ti\u00eau d\u00f9ng, t\u1eeb \u0111\u00f3 t\u1ea1o s\u1ee9c \u00e9p l\u00ean nhu c\u1ea7u \u0111\u1ed1i v\u1edbi m\u1ed9t s\u1ed1 m\u1eb7t h\u00e0ng nguy\u00ean li\u1ec7u.<\/p>\n

\u0110\u1ed1i v\u1edbi nh\u00e0 \u0111\u1ea7u t\u01b0 theo d\u00f5i th\u1ecb tr\u01b0\u1eddng h\u00e0ng h\u00f3a, \u0111\u00e2y l\u00e0 m\u1ed9t t\u00edn hi\u1ec7u c\u1ea7n \u0111\u01b0\u1ee3c xem x\u00e9t trong t\u1ed5ng th\u1ec3, thay v\u00ec ch\u1ec9 nh\u00ecn v\u00e0o m\u1ed9t quy\u1ebft \u0111\u1ecbnh l\u00e3i su\u1ea5t ri\u00eang l\u1ebb. T\u00e1c \u0111\u1ed9ng th\u1ef1c t\u1ebf c\u00f2n ph\u1ee5 thu\u1ed9c v\u00e0o t\u1ed1c \u0111\u1ed9 \u0111i\u1ec1u ch\u1ec9nh ti\u1ebfp theo c\u1ee7a Fed, ph\u1ea3n \u1ee9ng c\u1ee7a th\u1ecb tr\u01b0\u1eddng tr\u00e1i phi\u1ebfu, c\u0169ng nh\u01b0 d\u1eef li\u1ec7u kinh t\u1ebf M\u1ef9 trong c\u00e1c th\u00e1ng t\u1edbi. M\u1ed9t s\u1ed1 di\u1ec5n bi\u1ebfn g\u1ea7n \u0111\u00e2y nh\u01b0 Fed gi\u1eef l\u00e3i su\u1ea5t 3,5\u20133,75%, th\u1ecb tr\u01b0\u1eddng ph\u1ea3n \u1ee9ng ra sao?<\/a> c\u0169ng cho th\u1ea5y th\u1ecb tr\u01b0\u1eddng lu\u00f4n thay \u0111\u1ed5i r\u1ea5t nhanh tr\u01b0\u1edbc m\u1ed7i t\u00edn hi\u1ec7u t\u1eeb ch\u00ednh s\u00e1ch ti\u1ec1n t\u1ec7.<\/p>\n

V\u00ec sao Fed ti\u1ebfp t\u1ee5c th\u1eaft ch\u1eb7t?<\/h3>\n

Fed th\u01b0\u1eddng \u0111i\u1ec1u ch\u1ec9nh l\u00e3i su\u1ea5t d\u1ef1a tr\u00ean di\u1ec5n bi\u1ebfn l\u1ea1m ph\u00e1t, th\u1ecb tr\u01b0\u1eddng lao \u0111\u1ed9ng v\u00e0 tri\u1ec3n v\u1ecdng t\u0103ng tr\u01b0\u1edfng. Khi c\u01a1 quan n\u00e0y cho r\u1eb1ng \u00e1p l\u1ef1c gi\u00e1 c\u1ea3 v\u1eabn ch\u01b0a tr\u1edf l\u1ea1i m\u1ee9c m\u1ee5c ti\u00eau m\u1ed9t c\u00e1ch b\u1ec1n v\u1eefng, vi\u1ec7c t\u0103ng l\u00e3i su\u1ea5t tr\u1edf th\u00e0nh c\u00f4ng c\u1ee5 nh\u1eb1m l\u00e0m ch\u1eadm nhu c\u1ea7u v\u00e0 ki\u1ec1m ch\u1ebf \u0111\u00e0 t\u0103ng gi\u00e1.<\/p>\n

L\u1ea7n t\u0103ng l\u00e3i su\u1ea5t n\u00e0y cho th\u1ea5y Fed \u0111ang mu\u1ed1n ph\u00e1t t\u00edn hi\u1ec7u r\u1eb1ng qu\u00e1 tr\u00ecnh b\u00ecnh th\u01b0\u1eddng h\u00f3a ch\u00ednh s\u00e1ch ch\u01b0a k\u1ebft th\u00fac. \u0110i\u1ec1u \u0111\u00f3 c\u0169ng \u0111\u1ed3ng ngh\u0129a v\u1edbi vi\u1ec7c th\u1ecb tr\u01b0\u1eddng kh\u00f4ng n\u00ean k\u1ef3 v\u1ecdng qu\u00e1 s\u1edbm v\u00e0o m\u1ed9t chu k\u1ef3 n\u1edbi l\u1ecfng m\u1ea1nh tay. Thay v\u00e0o \u0111\u00f3, l\u1ed9 tr\u00ecnh l\u00e3i su\u1ea5t s\u1ebd ti\u1ebfp t\u1ee5c ph\u1ee5 thu\u1ed9c v\u00e0o d\u1eef li\u1ec7u kinh t\u1ebf th\u1ef1c t\u1ebf.<\/p>\n

V\u1edbi nh\u00e0 \u0111\u1ea7u t\u01b0 h\u00e0ng h\u00f3a, \u0111\u00e2y l\u00e0 y\u1ebfu t\u1ed1 quan tr\u1ecdng v\u00ec ch\u00ednh s\u00e1ch ti\u1ec1n t\u1ec7 c\u1ee7a M\u1ef9 kh\u00f4ng ch\u1ec9 \u1ea3nh h\u01b0\u1edfng \u0111\u1ebfn chi ph\u00ed v\u1ed1n m\u00e0 c\u00f2n t\u00e1c \u0111\u1ed9ng \u0111\u1ebfn k\u1ef3 v\u1ecdng t\u0103ng tr\u01b0\u1edfng c\u1ee7a c\u00e1c n\u1ec1n kinh t\u1ebf l\u1edbn kh\u00e1c. Khi tri\u1ec3n v\u1ecdng t\u0103ng tr\u01b0\u1edfng b\u1ecb \u0111i\u1ec1u ch\u1ec9nh, nhu c\u1ea7u ti\u00eau th\u1ee5 nguy\u00ean li\u1ec7u c\u00f4ng nghi\u1ec7p, n\u00f4ng s\u1ea3n hay kim lo\u1ea1i c\u00f3 th\u1ec3 bi\u1ebfn \u0111\u1ed9ng theo.<\/p>\n

Th\u1ecb tr\u01b0\u1eddng ph\u1ea3n \u1ee9ng ra sao?<\/h3>\n

Ph\u1ea3n \u1ee9ng c\u1ee7a th\u1ecb tr\u01b0\u1eddng tr\u01b0\u1edbc quy\u1ebft \u0111\u1ecbnh c\u1ee7a Fed th\u01b0\u1eddng xu\u1ea5t hi\u1ec7n ngay tr\u00ean c\u00e1c k\u00eanh nh\u01b0 \u0111\u1ed3ng USD, l\u1ee3i su\u1ea5t tr\u00e1i phi\u1ebfu v\u00e0 ch\u1ee9ng kho\u00e1n. Nh\u1eefng bi\u1ebfn \u0111\u1ed9ng n\u00e0y sau \u0111\u00f3 lan sang th\u1ecb tr\u01b0\u1eddng h\u00e0ng h\u00f3a, n\u01a1i gi\u00e1 c\u1ea3 \u0111\u01b0\u1ee3c \u0111\u1ecbnh gi\u00e1 theo cung c\u1ea7u nh\u01b0ng v\u1eabn ch\u1ecbu t\u00e1c \u0111\u1ed9ng l\u1edbn t\u1eeb m\u00f4i tr\u01b0\u1eddng t\u00e0i ch\u00ednh to\u00e0n c\u1ea7u.<\/p>\n

Trong ng\u1eafn h\u1ea1n, t\u00e2m l\u00fd th\u1eadn tr\u1ecdng c\u00f3 th\u1ec3 gia t\u0103ng. Nh\u00e0 \u0111\u1ea7u t\u01b0 c\u00f3 xu h\u01b0\u1edbng \u0111\u00e1nh gi\u00e1 l\u1ea1i tri\u1ec3n v\u1ecdng t\u0103ng tr\u01b0\u1edfng v\u00e0 m\u1ee9c \u0111\u1ed9 h\u1ea5p d\u1eabn c\u1ee7a t\u1eebng nh\u00f3m t\u00e0i s\u1ea3n. V\u1edbi h\u00e0ng h\u00f3a, nh\u1eefng m\u1eb7t h\u00e0ng nh\u1ea1y c\u1ea3m v\u1edbi ho\u1ea1t \u0111\u1ed9ng c\u00f4ng nghi\u1ec7p v\u00e0 th\u01b0\u01a1ng m\u1ea1i qu\u1ed1c t\u1ebf th\u01b0\u1eddng \u0111\u01b0\u1ee3c quan s\u00e1t k\u1ef9 h\u01a1n khi l\u00e3i su\u1ea5t M\u1ef9 thay \u0111\u1ed5i.<\/p>\n

Ngo\u00e0i ra, c\u00e1c qu\u1ef9 \u0111\u1ea7u t\u01b0 v\u00e0 t\u1ed5 ch\u1ee9c giao d\u1ecbch h\u00e0ng h\u00f3a c\u0169ng c\u00f3 th\u1ec3 \u0111i\u1ec1u ch\u1ec9nh v\u1ecb th\u1ebf theo bi\u1ebfn \u0111\u1ed9ng c\u1ee7a \u0111\u1ed3ng USD. N\u1ebfu \u0111\u1ed3ng b\u1ea1c xanh m\u1ea1nh l\u00ean, h\u00e0ng h\u00f3a \u0111\u1ecbnh gi\u00e1 b\u1eb1ng USD th\u01b0\u1eddng ch\u1ecbu \u00e1p l\u1ef1c nh\u1ea5t \u0111\u1ecbnh \u0111\u1ed1i v\u1edbi ng\u01b0\u1eddi mua s\u1eed d\u1ee5ng ti\u1ec1n t\u1ec7 kh\u00e1c, t\u1eeb \u0111\u00f3 \u1ea3nh h\u01b0\u1edfng \u0111\u1ebfn thanh kho\u1ea3n v\u00e0 s\u1ee9c mua tr\u00ean th\u1ecb tr\u01b0\u1eddng qu\u1ed1c t\u1ebf.<\/p>\n

T\u00e1c \u0111\u1ed9ng \u0111\u1ebfn th\u1ecb tr\u01b0\u1eddng h\u00e0ng h\u00f3a: cung c\u1ea7u, gi\u00e1 v\u00e0 t\u00e2m l\u00fd \u0111\u1ea7u t\u01b0<\/h2>\n

\"Illustration<\/p>\n

Cung c\u1ea7u c\u00f3 th\u1ec3 thay \u0111\u1ed5i theo k\u1ef3 v\u1ecdng t\u0103ng tr\u01b0\u1edfng<\/h3>\n

V\u1ec1 b\u1ea3n ch\u1ea5t, l\u00e3i su\u1ea5t cao h\u01a1n kh\u00f4ng l\u00e0m thay \u0111\u1ed5i ngay l\u1eadp t\u1ee9c s\u1ea3n l\u01b0\u1ee3ng khai th\u00e1c hay m\u00f9a v\u1ee5, nh\u01b0ng l\u1ea1i \u1ea3nh h\u01b0\u1edfng \u0111\u1ebfn k\u1ef3 v\u1ecdng ti\u00eau th\u1ee5 v\u00e0 t\u1ed1c \u0111\u1ed9 m\u1edf r\u1ed9ng c\u1ee7a doanh nghi\u1ec7p. Khi chi ph\u00ed vay t\u0103ng, ho\u1ea1t \u0111\u1ed9ng s\u1ea3n xu\u1ea5t, t\u1ed3n kho v\u00e0 logistics c\u00f3 th\u1ec3 \u0111\u01b0\u1ee3c \u0111i\u1ec1u ch\u1ec9nh th\u1eadn tr\u1ecdng h\u01a1n. \u0110i\u1ec1u n\u00e0y \u0111\u1eb7c bi\u1ec7t \u0111\u00e1ng ch\u00fa \u00fd v\u1edbi c\u00e1c nh\u00f3m h\u00e0ng h\u00f3a g\u1eafn ch\u1eb7t v\u1edbi chu k\u1ef3 kinh t\u1ebf.<\/p>\n

V\u1edbi n\u00f4ng s\u1ea3n, nhu c\u1ea7u nh\u1eadp kh\u1ea9u v\u00e0 d\u00f2ng ch\u1ea3y th\u01b0\u01a1ng m\u1ea1i c\u00f3 th\u1ec3 ch\u1ecbu t\u00e1c \u0111\u1ed9ng n\u1ebfu t\u0103ng tr\u01b0\u1edfng to\u00e0n c\u1ea7u ch\u1eadm l\u1ea1i. V\u1edbi kim lo\u1ea1i, nhu c\u1ea7u t\u1eeb x\u00e2y d\u1ef1ng, c\u00f4ng nghi\u1ec7p ch\u1ebf t\u1ea1o v\u00e0 \u0111\u1ea7u t\u01b0 c\u01a1 s\u1edf h\u1ea1 t\u1ea7ng th\u01b0\u1eddng r\u1ea5t nh\u1ea1y v\u1edbi thay \u0111\u1ed5i v\u1ec1 l\u00e3i su\u1ea5t v\u00e0 \u0111i\u1ec1u ki\u1ec7n t\u00e0i ch\u00ednh. Trong khi \u0111\u00f3, c\u00e1c h\u00e0ng h\u00f3a c\u00f3 t\u00ednh ph\u00f2ng th\u1ee7 cao h\u01a1n v\u1eabn c\u00f3 th\u1ec3 ch\u1ecbu \u1ea3nh h\u01b0\u1edfng t\u1eeb t\u1ef7 gi\u00e1 v\u00e0 t\u00e2m l\u00fd th\u1ecb tr\u01b0\u1eddng.<\/p>\n

Gi\u00e1 c\u1ea3 ch\u1ecbu t\u00e1c \u0111\u1ed9ng t\u1eeb c\u1ea3 ch\u00ednh s\u00e1ch ti\u1ec1n t\u1ec7 l\u1eabn d\u1eef li\u1ec7u th\u1ef1c t\u1ebf<\/h3>\n

M\u1ed9t \u0111i\u1ec3m c\u1ea7n l\u01b0u \u00fd l\u00e0 gi\u00e1 h\u00e0ng h\u00f3a kh\u00f4ng bi\u1ebfn \u0111\u1ed9ng theo m\u1ed9t chi\u1ec1u duy nh\u1ea5t ch\u1ec9 v\u00ec Fed t\u0103ng l\u00e3i su\u1ea5t. Tr\u00ean th\u1ecb tr\u01b0\u1eddng th\u1ef1c, gi\u00e1 c\u00f2n ph\u1ee5 thu\u1ed9c v\u00e0o ngu\u1ed3n cung, m\u00f9a v\u1ee5, t\u1ed3n kho, th\u1eddi ti\u1ebft, ch\u00ednh s\u00e1ch th\u01b0\u01a1ng m\u1ea1i v\u00e0 nhu c\u1ea7u t\u1eeb c\u00e1c n\u1ec1n kinh t\u1ebf l\u1edbn. Tuy nhi\u00ean, vi\u1ec7c Fed ti\u1ebfp t\u1ee5c ph\u00e1t t\u00edn hi\u1ec7u th\u1eaft ch\u1eb7t th\u01b0\u1eddng khi\u1ebfn bi\u1ebfn \u0111\u1ed9ng gi\u00e1 tr\u1edf n\u00ean nh\u1ea1y h\u01a1n khi th\u1ecb tr\u01b0\u1eddng \u0111\u00f3n nh\u1eadn d\u1eef li\u1ec7u m\u1edbi.<\/p>\n

Khi chi ph\u00ed v\u1ed1n t\u0103ng, c\u00e1c ho\u1ea1t \u0111\u1ed9ng \u0111\u1ea7u c\u01a1 v\u00e0 giao d\u1ecbch \u0111\u00f2n b\u1ea9y c\u0169ng c\u00f3 th\u1ec3 th\u1eadn tr\u1ecdng h\u01a1n. \u0110i\u1ec1u n\u00e0y \u1ea3nh h\u01b0\u1edfng \u0111\u1ebfn m\u1ee9c \u0111\u1ed9 bi\u1ebfn \u0111\u1ed9ng tr\u00ean c\u00e1c s\u00e0n giao d\u1ecbch h\u00e0ng h\u00f3a qu\u1ed1c t\u1ebf, \u0111\u1ed3ng th\u1eddi l\u00e0m cho nh\u00e0 \u0111\u1ea7u t\u01b0 ph\u1ea3i theo d\u00f5i s\u00e1t h\u01a1n di\u1ec5n bi\u1ebfn c\u1ee7a USD, l\u1ee3i su\u1ea5t v\u00e0 c\u00e1c b\u00e1o c\u00e1o kinh t\u1ebf quan tr\u1ecdng c\u1ee7a M\u1ef9.<\/p>\n

Nh\u00e0 \u0111\u1ea7u t\u01b0 c\u1ea7n theo d\u00f5i nh\u1eefng y\u1ebfu t\u1ed1 n\u00e0o ti\u1ebfp theo?<\/h3>\n

Trong th\u1eddi gian t\u1edbi, th\u1ecb tr\u01b0\u1eddng s\u1ebd t\u1eadp trung v\u00e0o m\u1ed9t s\u1ed1 y\u1ebfu t\u1ed1 ch\u00ednh. Th\u1ee9 nh\u1ea5t l\u00e0 c\u00e1c ph\u00e1t bi\u1ec3u ti\u1ebfp theo t\u1eeb Fed \u0111\u1ec3 x\u00e1c \u0111\u1ecbnh li\u1ec7u c\u01a1 quan n\u00e0y c\u00f3 ti\u1ebfp t\u1ee5c t\u0103ng l\u00e3i su\u1ea5t hay kh\u00f4ng. Th\u1ee9 hai l\u00e0 c\u00e1c d\u1eef li\u1ec7u l\u1ea1m ph\u00e1t v\u00e0 vi\u1ec7c l\u00e0m c\u1ee7a M\u1ef9, v\u00ec \u0111\u00e2y l\u00e0 nh\u1eefng ch\u1ec9 b\u00e1o c\u1ed1t l\u00f5i cho \u0111\u1ecbnh h\u01b0\u1edbng ch\u00ednh s\u00e1ch ti\u1ec1n t\u1ec7. Th\u1ee9 ba l\u00e0 di\u1ec5n bi\u1ebfn c\u1ee7a \u0111\u1ed3ng USD v\u00e0 l\u1ee3i su\u1ea5t tr\u00e1i phi\u1ebfu, b\u1edfi ch\u00fang th\u01b0\u1eddng ph\u1ea3n \u00e1nh r\u1ea5t nhanh k\u1ef3 v\u1ecdng c\u1ee7a th\u1ecb tr\u01b0\u1eddng.<\/p>\n

B\u00ean c\u1ea1nh \u0111\u00f3, nh\u00e0 \u0111\u1ea7u t\u01b0 h\u00e0ng h\u00f3a c\u0169ng c\u1ea7n theo d\u00f5i c\u00e1c y\u1ebfu t\u1ed1 ri\u00eang c\u1ee7a t\u1eebng m\u1eb7t h\u00e0ng nh\u01b0 th\u1eddi ti\u1ebft, m\u00f9a v\u1ee5, s\u1ea3n l\u01b0\u1ee3ng khai th\u00e1c, t\u1ed3n kho, xu\u1ea5t nh\u1eadp kh\u1ea9u v\u00e0 ch\u00ednh s\u00e1ch c\u1ee7a c\u00e1c qu\u1ed1c gia s\u1ea3n xu\u1ea5t l\u1edbn. Trong b\u1ed1i c\u1ea3nh th\u1ecb tr\u01b0\u1eddng bi\u1ebfn \u0111\u1ed9ng theo c\u1ea3 ch\u00ednh s\u00e1ch ti\u1ec1n t\u1ec7 l\u1eabn y\u1ebfu t\u1ed1 c\u01a1 b\u1ea3n, vi\u1ec7c c\u1eadp nh\u1eadt th\u00f4ng tin th\u01b0\u1eddng xuy\u00ean tr\u1edf n\u00ean c\u1ea7n thi\u1ebft h\u01a1n bao gi\u1edd h\u1ebft.<\/p>\n

Nh\u00ecn chung, vi\u1ec7c Fed t\u0103ng l\u00e3i su\u1ea5t l\u1ea7n \u0111\u1ea7u sau 3 n\u0103m v\u00e0 ph\u00e1t t\u00edn hi\u1ec7u c\u00f2n c\u00f3 th\u1ec3 ti\u1ebfp t\u1ee5c th\u1eaft ch\u1eb7t cho th\u1ea5y m\u00f4i tr\u01b0\u1eddng t\u00e0i ch\u00ednh to\u00e0n c\u1ea7u \u0111ang b\u01b0\u1edbc v\u00e0o giai \u0111o\u1ea1n kh\u00f3 \u0111o\u00e1n h\u01a1n. V\u1edbi th\u1ecb tr\u01b0\u1eddng h\u00e0ng h\u00f3a, \u0111\u00e2y l\u00e0 th\u1eddi \u0111i\u1ec3m m\u00e0 cung c\u1ea7u th\u1ef1c t\u1ebf v\u00e0 k\u1ef3 v\u1ecdng ch\u00ednh s\u00e1ch c\u1ea7n \u0111\u01b0\u1ee3c \u0111\u1eb7t c\u1ea1nh nhau \u0111\u1ec3 \u0111\u00e1nh gi\u00e1 xu h\u01b0\u1edbng m\u1ed9t c\u00e1ch th\u1eadn tr\u1ecdng. Nh\u00e0 \u0111\u1ea7u t\u01b0 n\u00ean ti\u1ebfp t\u1ee5c theo d\u00f5i c\u00e1c d\u1eef li\u1ec7u kinh t\u1ebf m\u1edbi \u0111\u1ec3 hi\u1ec3u r\u00f5 h\u01a1n m\u1ee9c \u0111\u1ed9 t\u00e1c \u0111\u1ed9ng \u0111\u1ebfn t\u1eebng nh\u00f3m h\u00e0ng h\u00f3a c\u1ee5 th\u1ec3.<\/p>","protected":false},"excerpt":{"rendered":"

Fed \u0111\u00e3 quy\u1ebft \u0111\u1ecbnh t\u0103ng l\u00e3i su\u1ea5t l\u1ea7n \u0111\u1ea7u ti\u00ean sau 3 n\u0103m, \u0111\u00e1nh d\u1ea5u s\u1ef1 thay \u0111\u1ed5i \u0111\u00e1ng ch\u00fa \u00fd trong l\u1eadp tr\u01b0\u1eddng ch\u00ednh s\u00e1ch ti\u1ec1n t\u1ec7 c\u1ee7a C\u1ee5c D\u1ef1 tr\u1eef Li\u00ean bang M\u1ef9. \u0110\u1ed9ng th\u00e1i n\u00e0y ngay l\u1eadp t\u1ee9c thu h\u00fat s\u1ef1 ch\u00fa \u00fd c\u1ee7a gi\u1edbi \u0111\u1ea7u t\u01b0 to\u00e0n c\u1ea7u, b\u1edfi n\u00f3 kh\u00f4ng […]<\/p>\n","protected":false},"author":6,"featured_media":41991,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_gspb_post_css":"","footnotes":""},"categories":[13],"tags":[404,99,1002,913,76],"class_list":["post-41992","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-tin-tuc","tag-chinh-sach-tien-te","tag-fed","tag-lai-suat","tag-lam-phat","tag-thi-truong-hang-hoa"],"blocksy_meta":[],"acf":[],"_links":{"self":[{"href":"https:\/\/edutrade.vn\/en\/wp-json\/wp\/v2\/posts\/41992","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/edutrade.vn\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/edutrade.vn\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/edutrade.vn\/en\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/edutrade.vn\/en\/wp-json\/wp\/v2\/comments?post=41992"}],"version-history":[{"count":1,"href":"https:\/\/edutrade.vn\/en\/wp-json\/wp\/v2\/posts\/41992\/revisions"}],"predecessor-version":[{"id":42066,"href":"https:\/\/edutrade.vn\/en\/wp-json\/wp\/v2\/posts\/41992\/revisions\/42066"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/edutrade.vn\/en\/wp-json\/wp\/v2\/media\/41991"}],"wp:attachment":[{"href":"https:\/\/edutrade.vn\/en\/wp-json\/wp\/v2\/media?parent=41992"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/edutrade.vn\/en\/wp-json\/wp\/v2\/categories?post=41992"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/edutrade.vn\/en\/wp-json\/wp\/v2\/tags?post=41992"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}