{"id":51359,"date":"2026-10-14T10:13:52","date_gmt":"2026-10-14T03:13:52","guid":{"rendered":"https:\/\/edutrade.vn\/?p=51359"},"modified":"2026-10-14T10:14:00","modified_gmt":"2026-10-14T03:14:00","slug":"loi-suat-trai-phieu-my-ha-nhiet-tin-hieu-fed","status":"publish","type":"post","link":"https:\/\/edutrade.vn\/en\/loi-suat-trai-phieu-my-ha-nhiet-tin-hieu-fed\/","title":{"rendered":"L\u1ee3i su\u1ea5t tr\u00e1i phi\u1ebfu M\u1ef9 h\u1ea1 nhi\u1ec7t sau t\u00edn hi\u1ec7u Fed"},"content":{"rendered":"

L\u1ee3i su\u1ea5t tr\u00e1i phi\u1ebfu M\u1ef9 \u0111\u00e3 h\u1ea1 nhi\u1ec7t trong phi\u00ean g\u1ea7n \u0111\u00e2y sau khi th\u1ecb tr\u01b0\u1eddng \u0111\u00f3n nh\u1eadn t\u00edn hi\u1ec7u ch\u00ednh s\u00e1ch t\u1eeb quan ch\u1ee9c Fed<\/a> cho th\u1ea5y C\u1ee5c D\u1ef1 tr\u1eef Li\u00ean bang M\u1ef9 (Fed) c\u00f3 th\u1ec3 kh\u00f4ng t\u0103ng l\u00e3i su\u1ea5t trong n\u0103m 2027.<\/p>\n

Di\u1ec5n bi\u1ebfn n\u00e0y ph\u1ea3n \u00e1nh k\u1ef3 v\u1ecdng c\u1ee7a nh\u00e0 \u0111\u1ea7u t\u01b0 v\u1ec1 m\u1eb7t b\u1eb1ng ch\u00ednh s\u00e1ch ti\u1ec1n t\u1ec7 \u1ed5n \u0111\u1ecbnh h\u01a1n trong trung h\u1ea1n. Qua \u0111\u00f3, \u00e1p l\u1ef1c l\u00ean l\u1ee3i su\u1ea5t gi\u1ea3m v\u00e0 t\u00e2m l\u00fd tr\u00ean c\u00e1c th\u1ecb tr\u01b0\u1eddng t\u00e0i ch\u00ednh n\u00f3i chung \u0111\u01b0\u1ee3c c\u1ea3i thi\u1ec7n.<\/p>\n

Trong b\u1ed1i c\u1ea3nh l\u1ea1m ph\u00e1t ti\u1ebfp t\u1ee5c l\u00e0 bi\u1ebfn s\u1ed1 quan tr\u1ecdng, m\u1ecdi t\u00edn hi\u1ec7u li\u00ean quan \u0111\u1ebfn l\u1ed9 tr\u00ecnh l\u00e3i su\u1ea5t c\u1ee7a Fed \u0111\u1ec1u nhanh ch\u00f3ng \u0111\u01b0\u1ee3c gi\u1edbi \u0111\u1ea7u t\u01b0 h\u00e0ng h\u00f3a theo d\u00f5i s\u00e1t sao. Khi l\u1ee3i su\u1ea5t h\u1ea1 nhi\u1ec7t, chi ph\u00ed v\u1ed1n v\u00e0 m\u1ee9c chi\u1ebft kh\u1ea5u k\u1ef3 v\u1ecdng tr\u00ean th\u1ecb tr\u01b0\u1eddng c\u00f3 th\u1ec3 thay \u0111\u1ed5i.<\/p>\n

\u0110i\u1ec1u n\u00e0y \u1ea3nh h\u01b0\u1edfng \u0111\u1ebfn d\u00f2ng ti\u1ec1n v\u00e0o c\u00e1c nh\u00f3m t\u00e0i s\u1ea3n r\u1ee7i ro. V\u1edbi th\u1ecb tr\u01b0\u1eddng h\u00e0ng h\u00f3a, s\u1ef1 d\u1ecbch chuy\u1ec3n th\u01b0\u1eddng \u0111\u01b0\u1ee3c ph\u1ea3n \u00e1nh qua bi\u1ebfn \u0111\u1ed9ng gi\u00e1 c\u1ee7a nh\u1eefng m\u1eb7t h\u00e0ng ch\u1ecbu \u1ea3nh h\u01b0\u1edfng m\u1ea1nh t\u1eeb \u0111\u1ed3ng USD, t\u0103ng tr\u01b0\u1edfng kinh t\u1ebf v\u00e0 kh\u1ea9u v\u1ecb r\u1ee7i ro to\u00e0n c\u1ea7u.<\/p>\n

M\u1ee9c gi\u1ea3m c\u1ee7a l\u1ee3i su\u1ea5t l\u1ea7n n\u00e0y kh\u00f4ng ch\u1ec9 \u0111\u01a1n thu\u1ea7n l\u00e0 ph\u1ea3n \u1ee9ng k\u1ef9 thu\u1eadt m\u00e0 c\u00f2n cho th\u1ea5y nh\u00e0 \u0111\u1ea7u t\u01b0 \u0111ang \u0111i\u1ec1u ch\u1ec9nh k\u1ef3 v\u1ecdng v\u1ec1 chu k\u1ef3 ti\u1ec1n t\u1ec7 k\u00e9o d\u00e0i h\u01a1n. T\u00edn hi\u1ec7u Fed kh\u00f4ng t\u0103ng l\u00e3i su\u1ea5t trong 2027 c\u00f3 th\u1ec3 t\u1ea1o c\u01a1 s\u1edf cho quan \u0111i\u1ec3m r\u1eb1ng ch\u00ednh s\u00e1ch ti\u1ec1n t\u1ec7 s\u1ebd b\u1edbt th\u1eaft ch\u1eb7t so v\u1edbi giai \u0111o\u1ea1n tr\u01b0\u1edbc.<\/p>\n

Tuy nhi\u00ean, nh\u1eadn \u0111\u1ecbnh n\u00e0y c\u1ea7n ti\u1ebfp t\u1ee5c \u0111\u01b0\u1ee3c c\u1ee7ng c\u1ed1 b\u1edfi d\u1eef li\u1ec7u kinh t\u1ebf th\u1ef1c t\u1ebf. Th\u1ecb tr\u01b0\u1eddng v\u1eabn c\u1ea7n th\u00eam c\u00e1c s\u1ed1 li\u1ec7u v\u0129 m\u00f4 m\u1edbi tr\u01b0\u1edbc khi h\u00ecnh th\u00e0nh xu h\u01b0\u1edbng r\u00f5 r\u00e0ng h\u01a1n.<\/p>\n

L\u1ee3i su\u1ea5t h\u1ea1 nhi\u1ec7t sau t\u00edn hi\u1ec7u ch\u00ednh s\u00e1ch ti\u1ec1n t\u1ec7 \u1ed5n \u0111\u1ecbnh h\u01a1n<\/h2>\n

\u0110\u1ed9ng th\u00e1i gi\u1ea3m c\u1ee7a l\u1ee3i su\u1ea5t tr\u00e1i phi\u1ebfu M\u1ef9 cho th\u1ea5y nh\u00e0 \u0111\u1ea7u t\u01b0 \u0111ang b\u1edbt lo ng\u1ea1i v\u1ec1 k\u1ecbch b\u1ea3n Fed ti\u1ebfp t\u1ee5c n\u00e2ng l\u00e3i su\u1ea5t trong d\u00e0i h\u1ea1n. Khi k\u1ef3 v\u1ecdng t\u0103ng l\u00e3i su\u1ea5t suy y\u1ebfu, l\u1ee3i su\u1ea5t th\u01b0\u1eddng c\u00f3 xu h\u01b0\u1edbng \u0111i xu\u1ed1ng do gi\u00e1 tr\u00e1i phi\u1ebfu t\u0103ng l\u00ean.<\/p>\n

\"Additional<\/p>\n

\u0110\u00e2y l\u00e0 di\u1ec5n bi\u1ebfn quan tr\u1ecdng v\u00ec l\u1ee3i su\u1ea5t tr\u00e1i phi\u1ebfu M\u1ef9 kh\u00f4ng ch\u1ec9 l\u00e0 th\u01b0\u1edbc \u0111o cho chi ph\u00ed v\u1ed1n m\u00e0 c\u00f2n l\u00e0 tham chi\u1ebfu \u0111\u1ecbnh gi\u00e1 cho nhi\u1ec1u lo\u1ea1i t\u00e0i s\u1ea3n, bao g\u1ed3m c\u1ea3 h\u00e0ng h\u00f3a.<\/p>\n

\u0110\u1ed1i v\u1edbi th\u1ecb tr\u01b0\u1eddng h\u00e0ng h\u00f3a, vi\u1ec7c l\u1ee3i su\u1ea5t h\u1ea1 nhi\u1ec7t c\u00f3 th\u1ec3 l\u00e0m gi\u1ea3m s\u1ee9c m\u1ea1nh c\u1ee7a \u0111\u1ed3ng USD trong m\u1ed9t s\u1ed1 th\u1eddi \u0111i\u1ec3m. Di\u1ec5n bi\u1ebfn n\u00e0y g\u00f3p ph\u1ea7n h\u1ed7 tr\u1ee3 t\u00e2m l\u00fd \u0111\u1ed1i v\u1edbi c\u00e1c m\u1eb7t h\u00e0ng \u0111\u01b0\u1ee3c \u0111\u1ecbnh gi\u00e1 b\u1eb1ng USD.<\/p>\n

D\u00f9 v\u1eady, t\u00e1c \u0111\u1ed9ng c\u1ee5 th\u1ec3 c\u00f2n ph\u1ee5 thu\u1ed9c v\u00e0o vi\u1ec7c l\u1ee3i su\u1ea5t gi\u1ea3m xu\u1ea5t ph\u00e1t t\u1eeb k\u1ef3 v\u1ecdng n\u1edbi l\u1ecfng hay t\u1eeb lo ng\u1ea1i t\u0103ng tr\u01b0\u1edfng kinh t\u1ebf ch\u1eadm l\u1ea1i. Hai k\u1ecbch b\u1ea3n n\u00e0y c\u00f3 th\u1ec3 d\u1eabn \u0111\u1ebfn ph\u1ea3n \u1ee9ng kh\u00e1c nhau tr\u00ean t\u1eebng nh\u00f3m h\u00e0ng h\u00f3a.<\/p>\n

V\u00ec sao th\u1ecb tr\u01b0\u1eddng ph\u1ea3n \u1ee9ng v\u1edbi t\u00edn hi\u1ec7u t\u1eeb Fed?<\/h3>\n

Fed l\u00e0 c\u01a1 quan \u0111\u1ecbnh h\u01b0\u1edbng ch\u00ednh s\u00e1ch ti\u1ec1n t\u1ec7 l\u1edbn nh\u1ea5t th\u1ebf gi\u1edbi, n\u00ean b\u1ea5t k\u1ef3 thay \u0111\u1ed5i n\u00e0o trong k\u1ef3 v\u1ecdng l\u00e3i su\u1ea5t \u0111\u1ec1u c\u00f3 t\u00e1c \u0111\u1ed9ng lan t\u1ecfa \u0111\u1ebfn th\u1ecb tr\u01b0\u1eddng t\u00e0i ch\u00ednh to\u00e0n c\u1ea7u. Khi Fed ph\u00e1t \u0111i t\u00edn hi\u1ec7u kh\u00f4ng t\u0103ng l\u00e3i su\u1ea5t trong 2027, th\u1ecb tr\u01b0\u1eddng th\u01b0\u1eddng hi\u1ec3u r\u1eb1ng chu k\u1ef3 th\u1eaft ch\u1eb7t c\u00f3 th\u1ec3 \u0111\u00e3 \u0111i qua ho\u1eb7c \u00edt nh\u1ea5t kh\u00f4ng c\u00f2n gay g\u1eaft nh\u01b0 tr\u01b0\u1edbc.<\/p>\n

\u0110i\u1ec1u n\u00e0y quan tr\u1ecdng v\u1edbi nh\u00e0 \u0111\u1ea7u t\u01b0 h\u00e0ng h\u00f3a v\u00ec l\u00e3i su\u1ea5t cao k\u00e9o d\u00e0i th\u01b0\u1eddng l\u00e0m t\u0103ng chi ph\u00ed n\u1eafm gi\u1eef v\u1ecb th\u1ebf, \u0111\u1ed3ng th\u1eddi \u1ea3nh h\u01b0\u1edfng \u0111\u1ebfn d\u00f2ng v\u1ed1n v\u00e0o c\u00e1c t\u00e0i s\u1ea3n nh\u1ea1y c\u1ea3m v\u1edbi t\u0103ng tr\u01b0\u1edfng.<\/p>\n

Khi k\u1ef3 v\u1ecdng l\u00e3i su\u1ea5t d\u1ecbu b\u1edbt, t\u00e2m l\u00fd th\u1ecb tr\u01b0\u1eddng c\u00f3 th\u1ec3 c\u1ea3i thi\u1ec7n, nh\u1ea5t l\u00e0 \u1edf nh\u1eefng nh\u00f3m h\u00e0ng h\u00f3a g\u1eafn v\u1edbi tri\u1ec3n v\u1ecdng ti\u00eau d\u00f9ng v\u00e0 s\u1ea3n xu\u1ea5t c\u00f4ng nghi\u1ec7p.<\/p>\n

S\u1ed1 li\u1ec7u v\u00e0 b\u1eb1ng ch\u1ee9ng \u0111ang ph\u1ea3n \u00e1nh \u0111i\u1ec1u g\u00ec?<\/h3>\n

D\u00f9 kh\u00f4ng ph\u1ea3i m\u1ecdi bi\u1ebfn \u0111\u1ed9ng l\u1ee3i su\u1ea5t \u0111\u1ec1u \u0111\u1ebfn t\u1eeb m\u1ed9t nguy\u00ean nh\u00e2n duy nh\u1ea5t, di\u1ec5n bi\u1ebfn hi\u1ec7n t\u1ea1i cho th\u1ea5y th\u1ecb tr\u01b0\u1eddng \u0111ang nghi\u00eang v\u1ec1 quan \u0111i\u1ec3m Fed s\u1ebd th\u1eadn tr\u1ecdng h\u01a1n trong c\u00e1c n\u0103m t\u1edbi. Vi\u1ec7c l\u1ee3i su\u1ea5t \u0111i xu\u1ed1ng cho th\u1ea5y nh\u00e0 \u0111\u1ea7u t\u01b0 \u0111\u00e3 gi\u1ea3m b\u1edbt k\u1ef3 v\u1ecdng v\u1ec1 m\u1ed9t chu k\u1ef3 t\u0103ng l\u00e3i su\u1ea5t k\u00e9o d\u00e0i \u0111\u1ebfn 2027.<\/p>\n

Trong m\u00f4i tr\u01b0\u1eddng nh\u01b0 v\u1eady, c\u00e1c quy\u1ebft \u0111\u1ecbnh giao d\u1ecbch tr\u00ean th\u1ecb tr\u01b0\u1eddng h\u00e0ng h\u00f3a th\u01b0\u1eddng tr\u1edf n\u00ean nh\u1ea1y c\u1ea3m h\u01a1n v\u1edbi d\u1eef li\u1ec7u kinh t\u1ebf M\u1ef9, bao g\u1ed3m l\u1ea1m ph\u00e1t, vi\u1ec7c l\u00e0m v\u00e0 t\u0103ng tr\u01b0\u1edfng.<\/p>\n

Nh\u00e0 \u0111\u1ea7u t\u01b0 c\u00f3 th\u1ec3 tham kh\u1ea3o th\u00eam nh\u1eadn \u0111\u1ecbnh c\u1ee7a quan ch\u1ee9c Fed sau b\u00e1o c\u00e1o l\u1ea1m ph\u00e1t m\u1edbi nh\u1ea5t c\u1ee7a M\u1ef9<\/a> \u0111\u1ec3 hi\u1ec3u r\u00f5 h\u01a1n m\u1ed1i li\u00ean h\u1ec7 gi\u1eefa d\u1eef li\u1ec7u gi\u00e1 c\u1ea3 v\u00e0 \u0111\u1ecbnh h\u01b0\u1edbng l\u00e3i su\u1ea5t.<\/p>\n

N\u1ebfu c\u00e1c s\u1ed1 li\u1ec7u ti\u1ebfp t\u1ee5c h\u1ea1 nhi\u1ec7t, k\u1ef3 v\u1ecdng v\u1ec1 ch\u00ednh s\u00e1ch \u1ed5n \u0111\u1ecbnh c\u00f3 th\u1ec3 \u0111\u01b0\u1ee3c c\u1ee7ng c\u1ed1 th\u00eam. Ng\u01b0\u1ee3c l\u1ea1i, n\u1ebfu d\u1eef li\u1ec7u b\u1ea5t ng\u1edd m\u1ea1nh l\u00ean, th\u1ecb tr\u01b0\u1eddng c\u00f3 th\u1ec3 nhanh ch\u00f3ng \u0111i\u1ec1u ch\u1ec9nh l\u1ea1i quan \u0111i\u1ec3m, k\u00e9o l\u1ee3i su\u1ea5t bi\u1ebfn \u0111\u1ed9ng tr\u1edf l\u1ea1i.<\/p>\n

T\u00e1c \u0111\u1ed9ng \u0111\u1ebfn th\u1ecb tr\u01b0\u1eddng h\u00e0ng h\u00f3a v\u00e0 t\u00e2m l\u00fd nh\u00e0 \u0111\u1ea7u t\u01b0<\/h2>\n

\"Illustration<\/p>\n

\u1ea2nh h\u01b0\u1edfng t\u1edbi cung c\u1ea7u v\u00e0 m\u1eb7t b\u1eb1ng gi\u00e1<\/h3>\n

L\u1ee3i su\u1ea5t gi\u1ea3m th\u01b0\u1eddng kh\u00f4ng t\u00e1c \u0111\u1ed9ng tr\u1ef1c ti\u1ebfp \u0111\u1ebfn cung c\u1ea7u v\u1eadt ch\u1ea5t c\u1ee7a h\u00e0ng h\u00f3a, nh\u01b0ng l\u1ea1i \u1ea3nh h\u01b0\u1edfng \u0111\u1ebfn chi ph\u00ed v\u1ed1n, t\u1ef7 gi\u00e1 v\u00e0 kh\u1ea9u v\u1ecb r\u1ee7i ro c\u1ee7a nh\u00e0 \u0111\u1ea7u t\u01b0. Khi chi ph\u00ed t\u00e0i ch\u00ednh d\u1ecbu l\u1ea1i, c\u00e1c doanh nghi\u1ec7p s\u1eed d\u1ee5ng h\u00e0ng h\u00f3a l\u00e0m \u0111\u1ea7u v\u00e0o c\u00f3 th\u1ec3 c\u00f3 th\u00eam d\u01b0 \u0111\u1ecba trong k\u1ebf ho\u1ea1ch mua h\u00e0ng ho\u1eb7c ph\u00f2ng h\u1ed9 r\u1ee7i ro.<\/p>\n

Tuy nhi\u00ean, \u0111i\u1ec1u n\u00e0y kh\u00f4ng \u0111\u1ed3ng ngh\u0129a gi\u00e1 h\u00e0ng h\u00f3a s\u1ebd t\u0103ng ngay l\u1eadp t\u1ee9c, b\u1edfi c\u00e1n c\u00e2n cung c\u1ea7u th\u1ef1c t\u1ebf v\u1eabn l\u00e0 y\u1ebfu t\u1ed1 quy\u1ebft \u0111\u1ecbnh.<\/p>\n

V\u1edbi nh\u00f3m h\u00e0ng h\u00f3a c\u00f4ng nghi\u1ec7p, k\u1ef3 v\u1ecdng Fed kh\u00f4ng t\u0103ng l\u00e3i su\u1ea5t trong 2027 c\u00f3 th\u1ec3 h\u1ed7 tr\u1ee3 ph\u1ea7n n\u00e0o cho tri\u1ec3n v\u1ecdng ti\u00eau th\u1ee5 n\u1ebfu t\u0103ng tr\u01b0\u1edfng kinh t\u1ebf to\u00e0n c\u1ea7u gi\u1eef \u0111\u01b0\u1ee3c nh\u1ecbp \u1ed5n \u0111\u1ecbnh.<\/p>\n

Trong khi \u0111\u00f3, v\u1edbi nh\u00f3m h\u00e0ng h\u00f3a n\u00f4ng s\u1ea3n, di\u1ec5n bi\u1ebfn l\u00e3i su\u1ea5t th\u01b0\u1eddng t\u00e1c \u0111\u1ed9ng gi\u00e1n ti\u1ebfp h\u01a1n, ch\u1ee7 y\u1ebfu th\u00f4ng qua t\u1ef7 gi\u00e1, chi ph\u00ed t\u1ed3n tr\u1eef v\u00e0 d\u00f2ng v\u1ed1n \u0111\u1ea7u c\u01a1 tr\u00ean c\u00e1c s\u00e0n giao d\u1ecbch.<\/p>\n

T\u00e2m l\u00fd th\u1ecb tr\u01b0\u1eddng \u0111ang thay \u0111\u1ed5i nh\u01b0 th\u1ebf n\u00e0o?<\/h3>\n

Di\u1ec5n bi\u1ebfn l\u1ee3i su\u1ea5t h\u1ea1 nhi\u1ec7t th\u01b0\u1eddng gi\u00fap gi\u1ea3m b\u1edbt \u00e1p l\u1ef1c l\u00ean th\u1ecb tr\u01b0\u1eddng t\u00e0i s\u1ea3n r\u1ee7i ro, t\u1eeb \u0111\u00f3 c\u1ea3i thi\u1ec7n t\u00e2m l\u00fd ng\u1eafn h\u1ea1n. Tuy nhi\u00ean, nh\u00e0 \u0111\u1ea7u t\u01b0 kh\u00f4ng n\u00ean xem \u0111\u00e2y l\u00e0 t\u00edn hi\u1ec7u ch\u1eafc ch\u1eafn cho m\u1ed9t xu h\u01b0\u1edbng t\u0103ng gi\u00e1 b\u1ec1n v\u1eefng c\u1ee7a h\u00e0ng h\u00f3a.<\/p>\n

Th\u1ecb tr\u01b0\u1eddng v\u1eabn c\u00f2n ph\u1ee5 thu\u1ed9c v\u00e0o nhi\u1ec1u bi\u1ebfn s\u1ed1 kh\u00e1c nh\u01b0 t\u1ed1c \u0111\u1ed9 ph\u1ee5c h\u1ed3i kinh t\u1ebf, nhu c\u1ea7u ti\u00eau d\u00f9ng, t\u1ed3n kho v\u00e0 di\u1ec5n bi\u1ebfn \u0111\u1ecba ch\u00ednh tr\u1ecb.<\/p>\n

Trong ng\u1eafn h\u1ea1n, k\u1ef3 v\u1ecdng v\u1ec1 ch\u00ednh s\u00e1ch ti\u1ec1n t\u1ec7 \u1ed5n \u0111\u1ecbnh h\u01a1n c\u00f3 th\u1ec3 khi\u1ebfn d\u00f2ng ti\u1ec1n c\u00f3 xu h\u01b0\u1edbng th\u1eadn tr\u1ecdng nh\u01b0ng b\u1edbt ph\u00f2ng th\u1ee7. \u0110i\u1ec1u n\u00e0y \u0111\u1eb7c bi\u1ec7t \u0111\u00e1ng ch\u00fa \u00fd v\u1edbi c\u00e1c h\u1ee3p \u0111\u1ed3ng h\u00e0ng h\u00f3a tr\u00ean c\u00e1c s\u00e0n giao d\u1ecbch qu\u1ed1c t\u1ebf, n\u01a1i gi\u00e1 c\u1ea3 th\u01b0\u1eddng ph\u1ea3n \u1ee9ng nhanh v\u1edbi thay \u0111\u1ed5i c\u1ee7a l\u1ee3i su\u1ea5t v\u00e0 \u0111\u1ed3ng USD.<\/p>\n

Nh\u1eefng y\u1ebfu t\u1ed1 c\u1ea7n theo d\u00f5i ti\u1ebfp<\/h2>\n

D\u1eef li\u1ec7u kinh t\u1ebf M\u1ef9 v\u00e0 \u0111\u1ecbnh h\u01b0\u1edbng ti\u1ebfp theo c\u1ee7a Fed<\/h3>\n

Nh\u00e0 \u0111\u1ea7u t\u01b0 c\u1ea7n ti\u1ebfp t\u1ee5c theo d\u00f5i c\u00e1c b\u00e1o c\u00e1o l\u1ea1m ph\u00e1t, th\u1ecb tr\u01b0\u1eddng lao \u0111\u1ed9ng v\u00e0 ph\u00e1t bi\u1ec3u c\u1ee7a quan ch\u1ee9c Fed \u0111\u1ec3 x\u00e1c nh\u1eadn li\u1ec7u t\u00edn hi\u1ec7u kh\u00f4ng t\u0103ng l\u00e3i su\u1ea5t trong 2027 c\u00f3 b\u1ec1n v\u1eefng hay kh\u00f4ng.<\/p>\n

N\u1ebfu c\u00e1c d\u1eef li\u1ec7u n\u00e0y cho th\u1ea5y \u00e1p l\u1ef1c gi\u00e1 c\u1ea3 gi\u1ea3m v\u00e0 n\u1ec1n kinh t\u1ebf ch\u1eadm l\u1ea1i c\u00f3 ki\u1ec3m so\u00e1t, l\u1ee3i su\u1ea5t c\u00f3 th\u1ec3 ti\u1ebfp t\u1ee5c duy tr\u00ec \u1edf v\u00f9ng th\u1ea5p h\u01a1n.<\/p>\n

\u0110\u1ed3ng USD, d\u00f2ng v\u1ed1n v\u00e0 bi\u1ebfn \u0111\u1ed9ng tr\u00ean th\u1ecb tr\u01b0\u1eddng h\u00e0ng h\u00f3a<\/h3>\n

Ngo\u00e0i ch\u00ednh s\u00e1ch c\u1ee7a Fed, \u0111\u1ed3ng USD c\u0169ng l\u00e0 bi\u1ebfn s\u1ed1 quan tr\u1ecdng \u0111\u1ed1i v\u1edbi gi\u00e1 h\u00e0ng h\u00f3a. Khi l\u1ee3i su\u1ea5t h\u1ea1 nhi\u1ec7t, USD c\u00f3 th\u1ec3 ch\u1ecbu \u00e1p l\u1ef1c nh\u1ea5t \u0111\u1ecbnh trong m\u1ed9t s\u1ed1 giai \u0111o\u1ea1n, qua \u0111\u00f3 \u1ea3nh h\u01b0\u1edfng \u0111\u1ebfn s\u1ee9c mua c\u1ee7a c\u00e1c n\u01b0\u1edbc nh\u1eadp kh\u1ea9u.<\/p>\n

\u0110\u1ed3ng th\u1eddi, d\u00f2ng v\u1ed1n qu\u1ed1c t\u1ebf v\u00e0o c\u00e1c t\u00e0i s\u1ea3n r\u1ee7i ro c\u0169ng c\u00f3 th\u1ec3 thay \u0111\u1ed5i theo k\u1ef3 v\u1ecdng v\u1ec1 l\u00e3i su\u1ea5t v\u00e0 t\u0103ng tr\u01b0\u1edfng.<\/p>\n

Cung c\u1ea7u th\u1ef1c t\u1ebf c\u1ee7a t\u1eebng nh\u00f3m h\u00e0ng h\u00f3a<\/h3>\n

D\u00f9 b\u1ed1i c\u1ea3nh v\u0129 m\u00f4 \u0111ang h\u1ed7 tr\u1ee3 t\u00e2m l\u00fd, gi\u00e1 h\u00e0ng h\u00f3a v\u1eabn s\u1ebd ph\u1ea3n \u1ee9ng m\u1ea1nh v\u1edbi cung c\u1ea7u th\u1ef1c t\u1ebf, t\u1ed3n kho, m\u00f9a v\u1ee5, th\u1eddi ti\u1ebft v\u00e0 ho\u1ea1t \u0111\u1ed9ng xu\u1ea5t nh\u1eadp kh\u1ea9u.<\/p>\n

Nh\u00e0 \u0111\u1ea7u t\u01b0 c\u1ea7n ph\u00e2n bi\u1ec7t r\u00f5 gi\u1eefa t\u00e1c \u0111\u1ed9ng t\u1eeb ch\u00ednh s\u00e1ch ti\u1ec1n t\u1ec7 v\u00e0 c\u00e1c y\u1ebfu t\u1ed1 c\u01a1 b\u1ea3n c\u1ee7a t\u1eebng m\u1eb7t h\u00e0ng \u0111\u1ec3 tr\u00e1nh \u0111\u00e1nh gi\u00e1 qu\u00e1 m\u1ee9c m\u1ed9t nh\u1ecbp bi\u1ebfn \u0111\u1ed9ng ng\u1eafn h\u1ea1n.<\/p>\n

Nh\u00ecn chung, vi\u1ec7c l\u1ee3i su\u1ea5t tr\u00e1i phi\u1ebfu M\u1ef9 h\u1ea1 nhi\u1ec7t sau t\u00edn hi\u1ec7u Fed kh\u00f4ng t\u0103ng l\u00e3i su\u1ea5t trong 2027 cho th\u1ea5y th\u1ecb tr\u01b0\u1eddng \u0111ang k\u1ef3 v\u1ecdng m\u1ed9t m\u00f4i tr\u01b0\u1eddng ti\u1ec1n t\u1ec7 \u1ed5n \u0111\u1ecbnh h\u01a1n. \u0110\u00e2y l\u00e0 th\u00f4ng tin \u0111\u00e1ng ch\u00fa \u00fd \u0111\u1ed1i v\u1edbi nh\u00e0 \u0111\u1ea7u t\u01b0 quan t\u00e2m \u0111\u1ebfn th\u1ecb tr\u01b0\u1eddng h\u00e0ng h\u00f3a.<\/p>\n

Tuy nhi\u00ean, xu h\u01b0\u1edbng gi\u00e1 trong th\u1eddi gian t\u1edbi v\u1eabn ph\u1ee5 thu\u1ed9c v\u00e0o d\u1eef li\u1ec7u kinh t\u1ebf m\u1edbi v\u00e0 c\u00e1c y\u1ebfu t\u1ed1 cung c\u1ea7u c\u1ee5 th\u1ec3. Trong b\u1ed1i c\u1ea3nh th\u1ecb tr\u01b0\u1eddng lu\u00f4n ti\u1ec1m \u1ea9n r\u1ee7i ro, nh\u00e0 \u0111\u1ea7u t\u01b0 c\u1ea7n theo d\u00f5i s\u00e1t di\u1ec5n bi\u1ebfn c\u1ee7a l\u1ee3i su\u1ea5t, l\u1ea1m ph\u00e1t, USD v\u00e0 ch\u00ednh s\u00e1ch c\u1ee7a Fed tr\u01b0\u1edbc m\u1ed7i quy\u1ebft \u0111\u1ecbnh giao d\u1ecbch.<\/p>","protected":false},"excerpt":{"rendered":"

L\u1ee3i su\u1ea5t tr\u00e1i phi\u1ebfu M\u1ef9 \u0111\u00e3 h\u1ea1 nhi\u1ec7t trong phi\u00ean g\u1ea7n \u0111\u00e2y sau khi th\u1ecb tr\u01b0\u1eddng \u0111\u00f3n nh\u1eadn t\u00edn hi\u1ec7u ch\u00ednh s\u00e1ch t\u1eeb quan ch\u1ee9c Fed cho th\u1ea5y C\u1ee5c D\u1ef1 tr\u1eef Li\u00ean bang M\u1ef9 (Fed) c\u00f3 th\u1ec3 kh\u00f4ng t\u0103ng l\u00e3i su\u1ea5t trong n\u0103m 2027. Di\u1ec5n bi\u1ebfn n\u00e0y ph\u1ea3n \u00e1nh k\u1ef3 v\u1ecdng c\u1ee7a nh\u00e0 \u0111\u1ea7u t\u01b0 […]<\/p>\n","protected":false},"author":6,"featured_media":51358,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_gspb_post_css":"","footnotes":""},"categories":[13],"tags":[99,1002,1946,76,728],"class_list":["post-51359","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-tin-tuc","tag-fed","tag-lai-suat","tag-loi-suat-trai-phieu-my","tag-thi-truong-hang-hoa","tag-usd"],"blocksy_meta":[],"acf":[],"_links":{"self":[{"href":"https:\/\/edutrade.vn\/en\/wp-json\/wp\/v2\/posts\/51359","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=51359"}],"version-history":[{"count":1,"href":"https:\/\/edutrade.vn\/en\/wp-json\/wp\/v2\/posts\/51359\/revisions"}],"predecessor-version":[{"id":51369,"href":"https:\/\/edutrade.vn\/en\/wp-json\/wp\/v2\/posts\/51359\/revisions\/51369"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/edutrade.vn\/en\/wp-json\/wp\/v2\/media\/51358"}],"wp:attachment":[{"href":"https:\/\/edutrade.vn\/en\/wp-json\/wp\/v2\/media?parent=51359"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/edutrade.vn\/en\/wp-json\/wp\/v2\/categories?post=51359"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/edutrade.vn\/en\/wp-json\/wp\/v2\/tags?post=51359"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}