{"id":3205,"date":"2025-10-30T08:15:44","date_gmt":"2025-10-30T01:15:44","guid":{"rendered":"https:\/\/ckvn.net\/chung-khoan\/?p=3205"},"modified":"2025-10-30T08:15:45","modified_gmt":"2025-10-30T01:15:45","slug":"fed-tiep-tuc-ha-lai-suat-o-muc-025-doi-mat-bat-on-lon-vi-thieu-du-lieu-kinh-te-va-noi-bo-chia-re-manh","status":"publish","type":"post","link":"https:\/\/ckvn.net\/chung-khoan\/tin-tuc\/fed-tiep-tuc-ha-lai-suat-o-muc-025-doi-mat-bat-on-lon-vi-thieu-du-lieu-kinh-te-va-noi-bo-chia-re-manh\/","title":{"rendered":"Fed ti\u1ebfp t\u1ee5c h\u1ea1 l\u00e3i su\u1ea5t \u1edf m\u1ee9c 0,25%, \u0111\u1ed1i m\u1eb7t b\u1ea5t \u1ed5n l\u1edbn v\u00ec thi\u1ebfu d\u1eef li\u1ec7u kinh t\u1ebf v\u00e0 n\u1ed9i b\u1ed9 chia r\u1ebd m\u1ea1nh"},"content":{"rendered":"\n

K\u1ebft th\u00fac cu\u1ed9c h\u1ecdp ch\u00ednh s\u00e1ch k\u00e9o d\u00e0i 2 ng\u00e0y, Fed quy\u1ebft \u0111\u1ecbnh h\u1ea1 l\u00e3i su\u1ea5t l\u1ea7n th\u1ee9 2 trong n\u0103m song l\u1ed9 tr\u00ecnh s\u1eafp t\u1edbi \u0111\u1ee9ng tr\u01b0\u1edbc nhi\u1ec1u r\u1ee7i ro.<\/strong><\/p>\n\n\n

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C\u1ee5c D\u1ef1 tr\u1eef Li\u00ean bang M\u1ef9 (Fed) \u0111\u00e3 ch\u00ednh th\u1ee9c c\u1eaft gi\u1ea3m l\u00e3i su\u1ea5t l\u1ea7n th\u1ee9 2 li\u00ean ti\u1ebfp, nh\u1eb1m ng\u0103n ch\u1eb7n \u0111\u00e0 gi\u1ea3m t\u1ed1c c\u1ee7a th\u1ecb tr\u01b0\u1eddng lao \u0111\u1ed9ng kh\u00f4ng tr\u1edf th\u00e0nh suy tho\u00e1i nghi\u00eam tr\u1ecdng. \u0110\u1ed9ng th\u00e1i n\u00e0y \u0111\u01b0a l\u00e3i su\u1ea5t c\u01a1 b\u1ea3n xu\u1ed1ng bi\u00ean \u0111\u1ed9 3,75%-4%, m\u1ee9c th\u1ea5p nh\u1ea5t trong 3 n\u0103m v\u00e0 gi\u1ea3m \u0111\u00e1ng k\u1ec3 so v\u1edbi \u0111\u1ec9nh kho\u1ea3ng 5,4% duy tr\u00ec ph\u1ea7n l\u1edbn trong n\u0103m ngo\u00e1i.<\/p>\n\n\n\n

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Tuy nhi\u00ean, ph\u1ea7n d\u1ec5 d\u00e0ng nh\u1ea5t c\u1ee7a qu\u00e1 tr\u00ecnh \u201cg\u1ee1 b\u1ecf\u201d ch\u00ednh s\u00e1ch ti\u1ec1n t\u1ec7 th\u1eaft ch\u1eb7t c\u00f3 l\u1ebd \u0111\u00e3 qua. Vi\u1ec7c n\u00ean ti\u1ebfp t\u1ee5c c\u1eaft gi\u1ea3m \u0111\u1ebfn \u0111\u00e2u \u0111ang l\u00e0 c\u00e2u h\u1ecfi nan gi\u1ea3i v\u1edbi c\u00e1c quan ch\u1ee9c Fed, \u0111\u1eb7c bi\u1ec7t khi h\u1ecd \u0111ang thi\u1ebfu d\u1eef li\u1ec7u \u0111\u1ec3 \u0111\u00e1nh gi\u00e1 do ch\u00ednh ph\u1ee7 M\u1ef9 \u0111\u00f3ng c\u1eeda, khi\u1ebfn d\u1eef li\u1ec7u kinh t\u1ebf quan tr\u1ecdng kh\u00f4ng \u0111\u01b0\u1ee3c c\u00f4ng b\u1ed1 \u0111\u00fang h\u1ea1n.<\/p>\n\n\n\n

Quy\u1ebft \u0111\u1ecbnh l\u1ea7n n\u00e0y \u0111\u01b0\u1ee3c th\u00f4ng qua v\u1edbi t\u1ef7 l\u1ec7 10-2. C\u1ee5 th\u1ec3, Ch\u1ee7 t\u1ecbch Fed Kansas City Jeffrey Schmid ph\u1ea3n \u0111\u1ed1i v\u00ec cho r\u1eb1ng n\u00ean gi\u1eef nguy\u00ean l\u00e3i su\u1ea5t, trong khi Th\u1ed1ng \u0111\u1ed1c Stephen Miran – ng\u01b0\u1eddi \u0111\u01b0\u1ee3c T\u1ed5ng th\u1ed1ng Trump b\u1ed5 nhi\u1ec7m g\u1ea7n \u0111\u00e2y, mu\u1ed1n c\u1eaft m\u1ea1nh h\u01a1n n\u1eefa, t\u1edbi 0,5 \u0111i\u1ec3m ph\u1ea7n tr\u0103m.<\/p>\n\n\n\n

Kh\u00f4ng ch\u1ec9 c\u1eaft gi\u1ea3m l\u00e3i su\u1ea5t, Fed c\u0169ng th\u1ed1ng nh\u1ea5t ch\u1ea5m d\u1ee9t chi\u1ebfn d\u1ecbch thu h\u1eb9p b\u1ea3ng c\u00e2n \u0111\u1ed1i k\u1ebf to\u00e1n tr\u1ecb gi\u00e1 6.600 t\u1ef7 USD k\u1ec3 t\u1eeb ng\u00e0y 1\/12 t\u1edbi. \u0110\u00e2y l\u00e0 b\u01b0\u1edbc ngo\u1eb7t quan tr\u1ecdng trong vi\u1ec7c r\u00fat l\u1ea1i c\u00e1c bi\u1ec7n ph\u00e1p k\u00edch th\u00edch \u0111\u1ea1i d\u1ecbch. Vi\u1ec7c ng\u1eebng cho ph\u00e9p tr\u00e1i phi\u1ebfu ch\u00ednh ph\u1ee7 \u0111\u00e1o h\u1ea1n m\u00e0 kh\u00f4ng t\u00e1i \u0111\u1ea7u t\u01b0 cho th\u1ea5y Fed \u0111\u00e3 quan s\u00e1t th\u1ea5y c\u00e1c d\u1ea5u hi\u1ec7u h\u1ec7 th\u1ed1ng ng\u00e2n h\u00e0ng kh\u00f4ng c\u00f2n d\u01b0 th\u1eeba d\u1ef1 tr\u1eef ti\u1ec1n m\u1eb7t nh\u01b0 tr\u01b0\u1edbc. Tuy nhi\u00ean, Fed v\u1eabn s\u1ebd ti\u1ebfp t\u1ee5c gi\u1ea3m d\u1ea7n danh m\u1ee5c ch\u1ee9ng kho\u00e1n \u0111\u01b0\u1ee3c \u0111\u1ea3m b\u1ea3o b\u1eb1ng th\u1ebf ch\u1ea5p (MBS), \u0111\u1ed3ng th\u1eddi t\u00e1i \u0111\u1ea7u t\u01b0 c\u00e1c kho\u1ea3n MBS \u0111\u00e1o h\u1ea1n v\u00e0o t\u00edn phi\u1ebfu kho b\u1ea1c ng\u1eafn h\u1ea1n.<\/p>\n\n\n\n

Khi quy\u1ebft \u0111\u1ecbnh h\u00f4m th\u1ee9 T\u01b0 \u0111\u00e3 \u0111\u01b0\u1ee3c th\u1ecb tr\u01b0\u1eddng d\u1ef1 \u0111o\u00e1n t\u1eeb l\u00e2u, tr\u1ecdng t\u00e2m hi\u1ec7n gi\u1edd chuy\u1ec3n sang cu\u1ed9c h\u1ecdp cu\u1ed1i c\u00f9ng trong n\u0103m c\u1ee7a Fed v\u00e0o th\u00e1ng 12. Trong cu\u1ed9c h\u1ecdp th\u00e1ng 9, ph\u1ea7n l\u1edbn quan ch\u1ee9c Fed d\u1ef1 ki\u1ebfn s\u1ebd c\u00f3 th\u00eam 2 l\u1ea7n c\u1eaft gi\u1ea3m trong n\u0103m, bao g\u1ed3m trong th\u00e1ng 12. Tuy nhi\u00ean, m\u1ed9t thi\u1ec3u s\u1ed1 \u0111\u00e1ng k\u1ec3 cho r\u1eb1ng m\u1ee9c c\u1eaft gi\u1ea3m h\u1ed3i th\u00e1ng 9 l\u00e0 \u0111\u1ee7 v\u00e0 kh\u00f4ng c\u1ea7n th\u00eam h\u00e0nh \u0111\u1ed9ng.<\/a><\/p>\n\n\n\n

Nh\u1eefng quan ch\u1ee9c n\u00e0y lo ng\u1ea1i l\u1ea1m ph\u00e1t \u0111\u00e3 v\u01b0\u1ee3t m\u1ee5c ti\u00eau 2% c\u1ee7a Fed trong nhi\u1ec1u n\u0103m v\u00e0 hi\u1ec7n ch\u01b0a c\u00f3 d\u1ea5u hi\u1ec7u h\u1ea1 nhi\u1ec7t b\u1ec1n v\u1eefng, \u0111\u1eb7c bi\u1ec7t l\u00e0 sau c\u00e1c \u0111\u1ee3t t\u0103ng thu\u1ebf nh\u1eadp kh\u1ea9u do ch\u00ednh quy\u1ec1n Trump \u00e1p \u0111\u1eb7t.<\/p>\n\n\n\n

Th\u00eam v\u00e0o \u0111\u00f3, vi\u1ec7c ch\u00ednh ph\u1ee7 M\u1ef9 \u0111\u00f3ng c\u1eeda \u0111\u00e3 khi\u1ebfn Fed kh\u00f4ng th\u1ec3 c\u1eadp nh\u1eadt c\u00e1c b\u00e1o c\u00e1o quan tr\u1ecdng nh\u01b0 b\u1ea3ng l\u01b0\u01a1ng phi n\u00f4ng nghi\u1ec7p, t\u1ef7 l\u1ec7 th\u1ea5t nghi\u1ec7p, hay c\u00e1c ch\u1ec9 s\u1ed1 ti\u00eau d\u00f9ng. \u0110i\u1ec1u n\u00e0y khi\u1ebfn nh\u1eefng b\u1ea5t \u0111\u1ed3ng n\u1ed9i b\u1ed9 c\u00e0ng kh\u00f3 ho\u00e0 gi\u1ea3i.<\/p>\n\n\n\n

Ch\u1ee7 t\u1ecbch Jerome Powell th\u1eeba nh\u1eadn: \u201cKh\u00f4ng c\u00f3 con \u0111\u01b0\u1eddng n\u00e0o ho\u00e0n to\u00e0n kh\u00f4ng r\u1ee7i ro.\u201d M\u1ed9t m\u1eb7t, Fed kh\u00f4ng mu\u1ed1n h\u1ea1 l\u00e3i su\u1ea5t qu\u00e1 s\u00e2u v\u00e0 khi\u1ebfn ho\u1ea1t \u0111\u1ed9ng kinh t\u1ebf n\u00f3ng l\u00ean tr\u1edf l\u1ea1i, d\u1eabn \u0111\u1ebfn \u00e1p l\u1ef1c l\u1ea1m ph\u00e1t. M\u1eb7t kh\u00e1c, h\u1ecd kh\u00f4ng th\u1ec3 ph\u1edbt l\u1edd c\u00e1c t\u00edn hi\u1ec7u suy y\u1ebfu t\u1eeb nh\u1eefng l\u0129nh v\u1ef1c nh\u1ea1y c\u1ea3m v\u1edbi l\u00e3i su\u1ea5t nh\u01b0 b\u1ea5t \u0111\u1ed9ng s\u1ea3n v\u00e0 ti\u00eau d\u00f9ng h\u1ed9 gia \u0111\u00ecnh thu nh\u1eadp th\u1ea5p.<\/p>\n\n\n\n

Tranh lu\u1eadn trong n\u1ed9i b\u1ed9 Fed hi\u1ec7n xoay quanh vi\u1ec7c li\u1ec7u th\u1ecb tr\u01b0\u1eddng lao \u0111\u1ed9ng \u0111ang y\u1ebfu \u0111i v\u00ec c\u1ea7u lao \u0111\u1ed9ng gi\u1ea3m, hay \u0111\u01a1n gi\u1ea3n ch\u1ec9 l\u00e0 do s\u1ed1 ng\u01b0\u1eddi nh\u1eadp c\u01b0 v\u00e0 t\u00ecm vi\u1ec7c \u00edt h\u01a1n. Trung b\u00ecnh trong 3 th\u00e1ng qua, n\u1ec1n kinh t\u1ebf M\u1ef9 ch\u1ec9 t\u1ea1o th\u00eam kho\u1ea3ng 29.000 vi\u1ec7c l\u00e0m m\u1ed7i th\u00e1ng, so v\u1edbi 82.000 c\u00f9ng k\u1ef3 n\u0103m tr\u01b0\u1edbc.<\/p>\n\n\n\n

M\u1ed9t s\u1ed1 m\u00f4 h\u00ecnh kinh t\u1ebf m\u1edbi cho r\u1eb1ng trong b\u1ed1i c\u1ea3nh ho\u1ea1t \u0111\u1ed9ng nh\u1eadp c\u01b0 ch\u1eadm l\u1ea1i, M\u1ef9 gi\u1edd ch\u1ec9 c\u1ea7n t\u1ea1o th\u00eam kho\u1ea3ng 50.000 vi\u1ec7c l\u00e0m m\u1ed7i th\u00e1ng \u0111\u1ec3 gi\u1eef t\u1ef7 l\u1ec7 th\u1ea5t nghi\u1ec7p \u1ed5n \u0111\u1ecbnh, so v\u1edbi 90.000 tr\u01b0\u1edbc \u0111\u1ea1i d\u1ecbch v\u00e0 150.000 trong giai \u0111o\u1ea1n ph\u1ee5c h\u1ed3i h\u1eadu Covid-19.<\/p>\n\n\n\n

\u201cLi\u1ec7u Fed \u0111\u00e3 th\u1ef1c s\u1ef1 \u0111i\u1ec1u ch\u1ec9nh t\u01b0 duy \u0111\u1ec3 ch\u1ea5p nh\u1eadn r\u1eb1ng 50.000 vi\u1ec7c l\u00e0m m\u1ed7i th\u00e1ng l\u00e0 \u1ed5n ch\u01b0a? T\u00f4i kh\u00f4ng ngh\u0129 m\u1ecdi ng\u01b0\u1eddi \u0111\u1ec1u \u0111\u00e3 s\u1eb5n s\u00e0ng v\u1edbi \u0111i\u1ec1u \u0111\u00f3,\u201d James Bullard, c\u1ef1u Ch\u1ee7 t\u1ecbch Fed St. Louis, hi\u1ec7n l\u00e0 Hi\u1ec7u tr\u01b0\u1edfng Tr\u01b0\u1eddng Kinh doanh Purdue, n\u00f3i.<\/p>\n\n\n\n

<\/p>\n\n\n\n

Di\u1ec7p Vy<\/p>\n\n\n\n

Nh\u1ecbp s\u1ed1ng th\u1ecb tr\u01b0\u1eddng<\/p>\n","protected":false},"excerpt":{"rendered":"

K\u1ebft th\u00fac cu\u1ed9c h\u1ecdp ch\u00ednh s\u00e1ch k\u00e9o d\u00e0i 2 ng\u00e0y, Fed quy\u1ebft \u0111\u1ecbnh h\u1ea1 l\u00e3i su\u1ea5t l\u1ea7n th\u1ee9 2 trong n\u0103m song l\u1ed9 tr\u00ecnh s\u1eafp t\u1edbi \u0111\u1ee9ng tr\u01b0\u1edbc nhi\u1ec1u r\u1ee7i ro. C\u1ee5c D\u1ef1 tr\u1eef Li\u00ean bang M\u1ef9 (Fed) \u0111\u00e3 ch\u00ednh th\u1ee9c c\u1eaft gi\u1ea3m l\u00e3i su\u1ea5t l\u1ea7n th\u1ee9 2 li\u00ean ti\u1ebfp, nh\u1eb1m ng\u0103n ch\u1eb7n \u0111\u00e0 gi\u1ea3m t\u1ed1c c\u1ee7a th\u1ecb tr\u01b0\u1eddng lao \u0111\u1ed9ng kh\u00f4ng tr\u1edf th\u00e0nh suy tho\u00e1i nghi\u00eam tr\u1ecdng. \u0110\u1ed9ng th\u00e1i n\u00e0y \u0111\u01b0a l\u00e3i su\u1ea5t c\u01a1 b\u1ea3n xu\u1ed1ng bi\u00ean \u0111\u1ed9 3,75%-4%, m\u1ee9c th\u1ea5p nh\u1ea5t trong 3 n\u0103m v\u00e0 gi\u1ea3m \u0111\u00e1ng k\u1ec3 so v\u1edbi \u0111\u1ec9nh kho\u1ea3ng 5,4% duy tr\u00ec ph\u1ea7n l\u1edbn trong <\/p>\n","protected":false},"author":1,"featured_media":3206,"comment_status":"closed","ping_status":"open","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":[172,170],"tags":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/ckvn.net\/chung-khoan\/wp-json\/wp\/v2\/posts\/3205"}],"collection":[{"href":"https:\/\/ckvn.net\/chung-khoan\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ckvn.net\/chung-khoan\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ckvn.net\/chung-khoan\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ckvn.net\/chung-khoan\/wp-json\/wp\/v2\/comments?post=3205"}],"version-history":[{"count":1,"href":"https:\/\/ckvn.net\/chung-khoan\/wp-json\/wp\/v2\/posts\/3205\/revisions"}],"predecessor-version":[{"id":3208,"href":"https:\/\/ckvn.net\/chung-khoan\/wp-json\/wp\/v2\/posts\/3205\/revisions\/3208"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ckvn.net\/chung-khoan\/wp-json\/wp\/v2\/media\/3206"}],"wp:attachment":[{"href":"https:\/\/ckvn.net\/chung-khoan\/wp-json\/wp\/v2\/media?parent=3205"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ckvn.net\/chung-khoan\/wp-json\/wp\/v2\/categories?post=3205"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ckvn.net\/chung-khoan\/wp-json\/wp\/v2\/tags?post=3205"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}