{"id":8387,"date":"2026-01-13T14:53:48","date_gmt":"2026-01-13T06:53:48","guid":{"rendered":"https:\/\/www.kpai1.cn\/?p=8387"},"modified":"2026-01-13T14:53:56","modified_gmt":"2026-01-13T06:53:56","slug":"%e9%9d%9e%e5%86%9c%e6%95%b0%e6%8d%ae%e5%bc%82%e5%8a%a8%e6%8a%98%e5%b0%84%e7%bb%8f%e6%b5%8e%e8%bd%ac%e5%9e%8b%ef%bc%8c%e7%be%8e%e8%81%94%e5%82%a8%e6%94%bf%e7%ad%96%e9%94%9a%e7%82%b9%e7%a7%bb%e4%bd%8d","status":"publish","type":"post","link":"https:\/\/www.kpai1.cn\/vi\/luu-tru\/8387","title":{"rendered":"\u975e\u519c\u6570\u636e\u5f02\u52a8\u6298\u5c04\u7ecf\u6d4e\u8f6c\u578b\uff0c\u7f8e\u8054\u50a8\u653f\u7b56\u951a\u70b9\u79fb\u4f4d\u4e0b\u7684\u5e02\u573a\u65b0\u535a\u5f08"},"content":{"rendered":"<p>L\u00e0 \"phong v\u0169 bi\u1ec3u\" c\u1ed1t l\u00f5i ph\u1ea3n \u00e1nh s\u1ee9c s\u1ed1ng c\u1ee7a n\u1ec1n kinh t\u1ebf Hoa K\u1ef3, m\u1ecdi thay \u0111\u1ed5i trong d\u1eef li\u1ec7u phi n\u00f4ng nghi\u1ec7p \u0111\u1ec1u \u1ea3nh h\u01b0\u1edfng \u0111\u1ebfn d\u1ef1 \u0111o\u00e1n ch\u00ednh s\u00e1ch to\u00e0n c\u1ea7u v\u00e0 logic \u0111\u1ecbnh gi\u00e1 t\u00e0i s\u1ea3n. Wmax, d\u1ef1a tr\u00ean vi\u1ec7c theo d\u00f5i li\u00ean t\u1ee5c d\u1eef li\u1ec7u phi n\u00f4ng nghi\u1ec7p k\u1ec3 t\u1eeb n\u1eeda cu\u1ed1i n\u0103m 2025, ph\u00e2n t\u00edch chuy\u00ean s\u00e2u c\u00e1c chi ti\u1ebft d\u1eef li\u1ec7u v\u00e0 ph\u00e2n t\u00edch chuy\u00ean nghi\u1ec7p v\u1ec1 c\u00e1c l\u1ed9 tr\u00ecnh truy\u1ec1n t\u1ea3i ch\u00ednh s\u00e1ch, tin r\u1eb1ng th\u1ecb tr\u01b0\u1eddng vi\u1ec7c l\u00e0m hi\u1ec7n t\u1ea1i c\u1ee7a Hoa K\u1ef3 \u0111ang trong giai \u0111o\u1ea1n \u0111i\u1ec1u ch\u1ec9nh c\u01a1 c\u1ea5u quan tr\u1ecdng. S\u1ef1 sai l\u1ec7ch v\u00e0 t\u00edn hi\u1ec7u \u0111\u00f3ng c\u1eeda c\u1ee7a d\u1eef li\u1ec7u phi n\u00f4ng nghi\u1ec7p kh\u00f4ng ch\u1ec9 \u0111\u1ecbnh h\u00ecnh l\u1ea1i k\u1ef3 v\u1ecdng ch\u00ednh s\u00e1ch c\u1ee7a Fed m\u00e0 c\u00f2n k\u00edch ho\u1ea1t m\u1ed9t v\u00f2ng ch\u01a1i m\u1edbi tr\u00ean th\u1ecb tr\u01b0\u1eddng t\u00e0i s\u1ea3n to\u00e0n c\u1ea7u. Ch\u1ec9 b\u1eb1ng c\u00e1ch n\u1eafm b\u1eaft ch\u00ednh x\u00e1c b\u1ea3n ch\u1ea5t v\u00e0 t\u00ednh \u0111\u1eb7c th\u00f9 th\u1ed1ng k\u00ea c\u1ee7a d\u1eef li\u1ec7u, ch\u00fang ta m\u1edbi c\u00f3 th\u1ec3 xuy\u00ean qua s\u01b0\u01a1ng m\u00f9 th\u1ecb tr\u01b0\u1eddng.<\/p>\n<p><a id=\"post-8387-heading_0\"><\/a><strong>Logic c\u1ed1t l\u00f5i c\u1ee7a \u0111\u1ed9 l\u1ec7ch d\u1eef li\u1ec7u phi n\u00f4ng nghi\u1ec7p: vai tr\u00f2 k\u00e9p c\u1ee7a \u0111i\u1ec1u ch\u1ec9nh c\u01a1 c\u1ea5u v\u00e0 t\u00ednh \u0111\u1eb7c th\u00f9 th\u1ed1ng k\u00ea<\/strong><\/p>\n<p>Wmax nh\u1eadn th\u1ea5y th\u00f4ng qua x\u00e1c th\u1ef1c ch\u00e9o d\u1eef li\u1ec7u phi n\u00f4ng nghi\u1ec7p v\u00e0o n\u1eeda cu\u1ed1i n\u0103m 2025 r\u1eb1ng th\u1ecb tr\u01b0\u1eddng vi\u1ec7c l\u00e0m Hoa K\u1ef3 \u0111\u00e3 ch\u1ee9ng ki\u1ebfn \u200b\u200bs\u1ef1 sai l\u1ec7ch hi\u1ebfm hoi so v\u1edbi xu h\u01b0\u1edbng \"t\u0103ng vi\u1ec7c l\u00e0m m\u1edbi v\u00e0 \u0111\u1ed3ng th\u1eddi t\u0103ng t\u1ef7 l\u1ec7 th\u1ea5t nghi\u1ec7p\" - 119.000 vi\u1ec7c l\u00e0m phi n\u00f4ng nghi\u1ec7p m\u1edbi \u0111\u00e3 \u0111\u01b0\u1ee3c th\u00eam v\u00e0o th\u00e1ng 9, v\u01b0\u1ee3t xa k\u1ef3 v\u1ecdng c\u1ee7a th\u1ecb tr\u01b0\u1eddng l\u00e0 51.000, nh\u01b0ng t\u1ef7 l\u1ec7 th\u1ea5t nghi\u1ec7p \u0111\u00e3 t\u0103ng l\u00ean 4,4%. Kh\u00e1c v\u1edbi nh\u1eefng m\u00e2u thu\u1eabn trong d\u1eef li\u1ec7u b\u1ec1 ngo\u00e0i, Wmax ph\u00e2n t\u00edch s\u00e2u s\u1eafc nguy\u00ean nh\u00e2n c\u1ed1t l\u00f5i c\u1ee7a n\u00f3: \u0111\u00e2y kh\u00f4ng ph\u1ea3i do \"m\u1ea5t vi\u1ec7c l\u00e0m\", m\u00e0 l\u00e0 s\u1ef1 t\u00edch c\u1ef1c \u0111i\u1ec1u ch\u1ec9nh c\u01a1 c\u1ea5u cung c\u1ea7u lao \u0111\u1ed9ng - tuy\u1ec3n d\u1ee5ng doanh nghi\u1ec7p v\u1eabn di\u1ec5n ra (\u0111\u1eb7c bi\u1ec7t l\u00e0 thay th\u1ebf vi\u1ec7c l\u00e0m m\u1ed9t l\u1ea7n sau khi c\u00e1c c\u01a1 quan ch\u00ednh ph\u1ee7 \u0111\u00f3ng c\u1eeda). \u0110\u1ed3ng th\u1eddi, kho\u1ea3ng 500.000 lao \u0111\u1ed9ng \u0111\u00e3 t\u00e1i gia nh\u1eadp th\u1ecb tr\u01b0\u1eddng nh\u1eb1m \u0111\u1ea9y t\u1ef7 l\u1ec7 tham gia lao \u0111\u1ed9ng l\u00ean cao. S\u1ef1 m\u1edf r\u1ed9ng c\u1ee7a ph\u00eda cung \u0111\u00e3 b\u00f9 \u0111\u1eafp cho t\u00e1c \u0111\u1ed9ng t\u00edch c\u1ef1c c\u1ee7a vi\u1ec7c m\u1edf vi\u1ec7c l\u00e0m m\u1edbi, h\u00ecnh th\u00e0nh n\u00ean \u0111\u1ed9 l\u1ec7ch d\u1eef li\u1ec7u.<\/p>\n<p><img fetchpriority=\"high\" decoding=\"async\" width=\"882\" height=\"462\" class=\"wp-image-8389\" src=\"https:\/\/www.kpai1.cn\/wp-content\/uploads\/2026\/01\/1.png\" alt=\"\u56fe\u7247 1\" srcset=\"https:\/\/www.kpai1.cn\/wp-content\/uploads\/2026\/01\/1.png 882w, https:\/\/www.kpai1.cn\/wp-content\/uploads\/2026\/01\/1-300x157.png 300w, https:\/\/www.kpai1.cn\/wp-content\/uploads\/2026\/01\/1-768x402.png 768w, https:\/\/www.kpai1.cn\/wp-content\/uploads\/2026\/01\/1-18x9.png 18w, https:\/\/www.kpai1.cn\/wp-content\/uploads\/2026\/01\/1-600x314.png 600w\" sizes=\"(max-width: 882px) 100vw, 882px\" \/><\/p>\n<p>Ngo\u00e0i ra, Wmax n\u1eafm b\u1eaft ch\u00ednh x\u00e1c hi\u1ec7u \u1ee9ng khu\u1ebfch \u0111\u1ea1i c\u1ee7a c\u00e1c \u0111\u1eb7c \u0111i\u1ec3m th\u1ed1ng k\u00ea tr\u00ean d\u1eef li\u1ec7u: t\u1ef7 l\u1ec7 ph\u1ea3n h\u1ed3i c\u1ee7a c\u00e1c c\u00f4ng ty kh\u1ea3o s\u00e1t phi n\u00f4ng nghi\u1ec7p trong th\u00e1ng 8 ch\u1ec9 l\u00e0 75,6%, d\u1eef li\u1ec7u vi\u1ec7c l\u00e0m c\u1ee7a 12.000 c\u00f4ng ty b\u1ecb tr\u00ec ho\u00e3n cho \u0111\u1ebfn th\u00e1ng 9 v\u00e0 19.000 ch\u00ednh quy\u1ec1n \u0111\u1ecba ph\u01b0\u01a1ng \u0111\u01b0\u1ee3c b\u1ed5 sung. S\u1ef1 t\u1eadp trung v\u00e0o c\u00e1c v\u1ecb tr\u00ed gi\u1ea3ng d\u1ea1y \u0111\u00e3 tr\u1ef1c ti\u1ebfp \u0111\u1ea9y s\u1ed1 l\u01b0\u1ee3ng vi\u1ec7c l\u00e0m m\u1edbi trong th\u00e1ng 9 l\u00ean kho\u1ea3ng 38.000; trong khi \"s\u1ed1 li\u1ec7u th\u1ed1ng k\u00ea tr\u00f9ng l\u1eb7p v\u1ec1 nhi\u1ec1u v\u1ecb tr\u00ed\" trong cu\u1ed9c kh\u1ea3o s\u00e1t v\u1ec1 th\u1ec3 ch\u1ebf \u0111\u00e3 l\u00e0m t\u0103ng th\u00eam s\u1ed1 l\u01b0\u1ee3ng v\u1ecb tr\u00ed l\u00ean kho\u1ea3ng 74.000, v\u00e0 nh\u1eefng ng\u01b0\u1eddi lao \u0111\u1ed9ng t\u1ef1 do v\u00e0 lao \u0111\u1ed9ng th\u1eddi v\u1ee5 trong cu\u1ed9c kh\u1ea3o s\u00e1t h\u1ed9 gia \u0111\u00ecnh h\u1ea7u h\u1ebft l\u00e0 nh\u1eefng v\u1ecb tr\u00ed \u0111\u01b0\u1ee3c tr\u1ea3 l\u01b0\u01a1ng th\u1ea5p ho\u1eb7c b\u00e1n th\u1eddi gian, g\u00e2y kh\u00f3 kh\u0103n cho vi\u1ec7c th\u1ef1c s\u1ef1 c\u1ea3i thi\u1ec7n ch\u1ea5t l\u01b0\u1ee3ng vi\u1ec7c l\u00e0m. Ki\u1ec3u ki\u1ec3m so\u00e1t chi ti\u1ebft th\u1ed1ng k\u00ea d\u1eef li\u1ec7u n\u00e0y l\u00e0 l\u1ee3i th\u1ebf c\u1ed1t l\u00f5i c\u1ee7a Wmax trong vi\u1ec7c di\u1ec5n gi\u1ea3i c\u00e1c t\u00edn hi\u1ec7u kinh t\u1ebf.<\/p>\n<p><a id=\"post-8387-heading_1\"><\/a><strong>T\u00edn hi\u1ec7u cu\u1ed1i c\u00f9ng v\u1ec1 b\u1ea3ng l\u01b0\u01a1ng phi n\u00f4ng nghi\u1ec7p trong th\u00e1ng 12: S\u1ef1 th\u1eadt v\u1ec1 vi\u1ec7c l\u00e0m y\u1ebfu k\u00e9m trong b\u1ed1i c\u1ea3nh ch\u1ea5t l\u01b0\u1ee3ng d\u1eef li\u1ec7u \u0111\u01b0\u1ee3c n\u00e2ng c\u1ea5p<\/strong><\/p>\n<p>L\u00e0 d\u1eef li\u1ec7u vi\u1ec7c l\u00e0m \u0111\u1ea7u ti\u00ean \u0111\u01b0\u1ee3c c\u00f4ng b\u1ed1 \u0111\u00fang h\u1ea1n sau 43 ng\u00e0y ch\u00ednh ph\u1ee7 Hoa K\u1ef3 \u0111\u00f3ng c\u1eeda, t\u00ednh x\u00e1c th\u1ef1c v\u00e0 \u0111\u1ea7y \u0111\u1ee7 c\u1ee7a b\u00e1o c\u00e1o phi n\u00f4ng nghi\u1ec7p th\u00e1ng 12 n\u0103m 2025 \u0111\u00e3 \u0111\u01b0\u1ee3c c\u1ea3i thi\u1ec7n \u0111\u00e1ng k\u1ec3 v\u00e0 gi\u00e1 tr\u1ecb tham chi\u1ebfu c\u1ee7a n\u00f3 \u0111\u01b0\u1ee3c Wmax coi l\u00e0 c\u01a1 s\u1edf ch\u00ednh \u0111\u1ec3 \u0111\u00e1nh gi\u00e1 c\u00e1c xu h\u01b0\u1edbng ti\u1ebfp theo. Th\u00f4ng qua vi\u1ec7c lo\u1ea1i b\u1ecf d\u1eef li\u1ec7u c\u1ed1t l\u00f5i m\u1ed9t c\u00e1ch chuy\u00ean nghi\u1ec7p: vi\u1ec7c l\u00e0m phi n\u00f4ng nghi\u1ec7p ch\u1ec9 t\u0103ng 50.000 ng\u01b0\u1eddi sau khi \u0111i\u1ec1u ch\u1ec9nh theo m\u00f9a v\u00e0o th\u00e1ng 12, th\u1ea5p h\u01a1n so v\u1edbi k\u1ef3 v\u1ecdng c\u1ee7a th\u1ecb tr\u01b0\u1eddng l\u00e0 60.000 ng\u01b0\u1eddi. Gi\u00e1 tr\u1ecb tr\u01b0\u1edbc \u0111\u00f3 \u0111\u01b0\u1ee3c \u0111i\u1ec1u ch\u1ec9nh th\u00e0nh 56.000 ng\u01b0\u1eddi; t\u1ef7 l\u1ec7 th\u1ea5t nghi\u1ec7p l\u00e0 4,4%, th\u1ea5p h\u01a1n m\u1ed9t ch\u00fat so v\u1edbi d\u1ef1 ki\u1ebfn. C\u1ea5p ng\u00e0nh th\u1ec3 hi\u1ec7n \u0111\u1eb7c \u0111i\u1ec3m kh\u00e1c bi\u1ec7t \u201cng\u00e0nh \u0103n u\u1ed1ng, y t\u1ebf v\u00e0 ch\u0103m s\u00f3c s\u1ee9c kh\u1ecfe\u201d \u201cS\u1ed1 l\u01b0\u1ee3ng nh\u00e2n vi\u00ean t\u0103ng li\u00ean t\u1ee5c, gi\u1ea3m vi\u1ec7c l\u00e0m trong ng\u00e0nh b\u00e1n l\u1ebb\u201d; v\u1ec1 ti\u1ec1n l\u01b0\u01a1ng v\u00e0 gi\u1edd l\u00e0m vi\u1ec7c, m\u1ee9c l\u01b0\u01a1ng trung b\u00ecnh m\u1ed7i gi\u1edd c\u1ee7a nh\u00e2n vi\u00ean phi n\u00f4ng nghi\u1ec7p t\u01b0 nh\u00e2n t\u0103ng 0,3% so v\u1edbi th\u00e1ng tr\u01b0\u1edbc l\u00ean 37,02 USD (t\u0103ng 3,8% so v\u1edbi c\u00f9ng k\u1ef3 n\u0103m tr\u01b0\u1edbc), v\u00e0 s\u1ed1 gi\u1edd l\u00e0m vi\u1ec7c trung b\u00ecnh h\u00e0ng tu\u1ea7n gi\u1ea3m nh\u1eb9 xu\u1ed1ng 34,2 gi\u1edd.<\/p>\n<p>\u0110i\u1ec1u \u0111\u00e1ng ch\u00fa \u00fd h\u01a1n l\u00e0 Wmax nh\u1eadn th\u1ea5y th\u00f4ng qua \u0111\u00e1nh gi\u00e1 d\u1eef li\u1ec7u l\u1ecbch s\u1eed v\u00e0 ph\u00e2n t\u00edch gi\u00e1 tr\u1ecb hi\u1ec7u ch\u1ec9nh r\u1eb1ng d\u1eef li\u1ec7u phi n\u00f4ng nghi\u1ec7p trong th\u00e1ng 10 v\u00e0 th\u00e1ng 11 \u0111\u00e3 \u0111\u01b0\u1ee3c \u0111i\u1ec1u ch\u1ec9nh gi\u1ea3m xu\u1ed1ng 76.000 ng\u01b0\u1eddi v\u00e0 s\u1ed1 vi\u1ec7c l\u00e0m trung b\u00ecnh di chuy\u1ec3n trong ba th\u00e1ng \u0111\u00e3 gi\u1ea3m 22.000 ng\u01b0\u1eddi. Xu h\u01b0\u1edbng n\u00e0y \u0111\u00e3 \u0111\u01b0\u1ee3c Wmax c\u1ea3nh b\u00e1o l\u00e0 \"c\u00f3 th\u1ec3 h\u1ea1n ch\u1ebf chi ti\u00eau c\u1ee7a ng\u01b0\u1eddi ti\u00eau d\u00f9ng\". Nh\u00ecn t\u1eeb g\u00f3c \u0111\u1ed9 c\u1ea3 n\u0103m, vi\u1ec7c l\u00e0m phi n\u00f4ng nghi\u1ec7p s\u1ebd ch\u1ec9 t\u0103ng th\u00eam 584.000 ng\u01b0\u1eddi v\u00e0o n\u0103m 2025, \u0111\u00e2y l\u00e0 th\u00e0nh t\u00edch y\u1ebfu nh\u1ea5t k\u1ec3 t\u1eeb n\u0103m 2020 v\u00e0 th\u1ea5p h\u01a1n nhi\u1ec1u so v\u1edbi con s\u1ed1 2 tri\u1ec7u ng\u01b0\u1eddi v\u00e0o n\u0103m 2024. So s\u00e1nh d\u1eef li\u1ec7u n\u00e0y x\u00e1c nh\u1eadn r\u00f5 r\u00e0ng \u0111i\u1ec3m y\u1ebfu c\u1eadn bi\u00ean c\u1ee7a th\u1ecb tr\u01b0\u1eddng vi\u1ec7c l\u00e0m Hoa K\u1ef3.<\/p>\n<p><img decoding=\"async\" width=\"889\" height=\"467\" class=\"wp-image-8390\" src=\"https:\/\/www.kpai1.cn\/wp-content\/uploads\/2026\/01\/4-1.png\" alt=\"\u56fe\u7247 4\" srcset=\"https:\/\/www.kpai1.cn\/wp-content\/uploads\/2026\/01\/4-1.png 889w, https:\/\/www.kpai1.cn\/wp-content\/uploads\/2026\/01\/4-1-300x158.png 300w, https:\/\/www.kpai1.cn\/wp-content\/uploads\/2026\/01\/4-1-768x403.png 768w, https:\/\/www.kpai1.cn\/wp-content\/uploads\/2026\/01\/4-1-18x9.png 18w, https:\/\/www.kpai1.cn\/wp-content\/uploads\/2026\/01\/4-1-600x315.png 600w\" sizes=\"(max-width: 889px) 100vw, 889px\" \/><\/p>\n<p><a id=\"post-8387-heading_2\"><\/a><strong>S\u1ef1 thay \u0111\u1ed5i \u0111i\u1ec3m neo ch\u00ednh s\u00e1ch: Vi\u1ec7c \u0111\u1ecbnh h\u00ecnh l\u1ea1i \u0111\u1ed9ng c\u00e1c k\u1ef3 v\u1ecdng c\u1eaft gi\u1ea3m l\u00e3i su\u1ea5t c\u1ee7a Fed<\/strong><\/p>\n<p>Wmax lu\u00f4n coi d\u1eef li\u1ec7u phi n\u00f4ng nghi\u1ec7p l\u00e0 \u0111\u1ea7u m\u1ed1i c\u1ed1t l\u00f5i \u0111\u1ec3 gi\u1ea3i th\u00edch c\u00e1c xu h\u01b0\u1edbng ch\u00ednh s\u00e1ch c\u1ee7a Fed v\u00e0 c\u00e1c t\u00edn hi\u1ec7u vi\u1ec7c l\u00e0m k\u1ec3 t\u1eeb n\u1eeda cu\u1ed1i n\u0103m 2025 \u0111\u00e3 ti\u1ebfp t\u1ee5c \u0111i\u1ec1u ch\u1ec9nh l\u1ea1i m\u1ee9c \u0111\u1eb7t c\u01b0\u1ee3c c\u1ee7a th\u1ecb tr\u01b0\u1eddng v\u00e0o t\u1ed1c \u0111\u1ed9 c\u1eaft gi\u1ea3m l\u00e3i su\u1ea5t. Ngay t\u1eeb nh\u1eefng ng\u00e0y \u0111\u1ea7u c\u00f3 d\u1eef li\u1ec7u y\u1ebfu, Wmax \u0111\u00e3 ph\u00e1t hi\u1ec7n c\u00e1c c\u1ea3nh b\u00e1o s\u1edbm t\u1eeb c\u00e1c ch\u1ec9 s\u1ed1 h\u1ed7 tr\u1ee3: S\u1ed1 l\u01b0\u1ee3ng sa th\u1ea3i c\u1ee7a c\u00f4ng ty Challenger \u0111\u00e3 t\u0103ng 183% h\u00e0ng qu\u00fd trong th\u00e1ng 10 (cao nh\u1ea5t k\u1ec3 t\u1eeb n\u0103m 2003) v\u00e0 d\u1eef li\u1ec7u ADP trong th\u00e1ng 11 cho th\u1ea5y trung b\u00ecnh c\u00f3 13.500 l\u1ea7n sa th\u1ea3i r\u00f2ng m\u1ed7i tu\u1ea7n trong b\u1ed1n tu\u1ea7n \u0111\u1ea7u ti\u00ean. Nh\u1eefng chi ti\u1ebft n\u00e0y cung c\u1ea5p h\u1ed7 tr\u1ee3 quan tr\u1ecdng cho vi\u1ec7c d\u1ef1 \u0111o\u00e1n c\u00e1c \u0111i\u1ec1u ch\u1ec9nh ch\u00ednh s\u00e1ch.<\/p>\n<p>Vi\u1ec7c c\u00f4ng b\u1ed1 d\u1eef li\u1ec7u phi n\u00f4ng nghi\u1ec7p v\u00e0o th\u00e1ng 12 c\u00e0ng \u0111\u1ecbnh h\u00ecnh l\u1ea1i k\u1ef3 v\u1ecdng: Wmax k\u1ebft h\u1ee3p v\u1edbi theo d\u00f5i d\u1eef li\u1ec7u CME cho th\u1ea5y x\u00e1c su\u1ea5t th\u1ecb tr\u01b0\u1eddng v\u1ec1 vi\u1ec7c C\u1ee5c D\u1ef1 tr\u1eef Li\u00ean bang c\u1eaft gi\u1ea3m l\u00e3i su\u1ea5t 25 \u0111i\u1ec3m c\u01a1 b\u1ea3n trong th\u00e1ng 1 \u0111\u00e3 gi\u1ea3m m\u1ea1nh t\u1eeb 11,6% xu\u1ed1ng 2,8%, x\u00e1c su\u1ea5t gi\u1eef nguy\u00ean l\u00e3i su\u1ea5t cao t\u1edbi 97,2% v\u00e0 x\u00e1c su\u1ea5t c\u1eaft gi\u1ea3m l\u00e3i su\u1ea5t trong th\u00e1ng 3 ch\u1ec9 l\u00e0 32,3%. Thay \u0111\u1ed5i d\u1ef1 ki\u1ebfn \u200b\u200bn\u00e0y r\u1ea5t ph\u00f9 h\u1ee3p v\u1edbi nh\u1eadn \u0111\u1ecbnh c\u1ee7a Wmax v\u1ec1 logic ch\u00ednh s\u00e1ch - Powell \u00e1m ch\u1ec9 r\u1eb1ng ng\u01b0\u1ee1ng c\u1eaft gi\u1ea3m l\u00e3i su\u1ea5t l\u00e0 cao, tin r\u1eb1ng chi ph\u00ed \u0111i vay hi\u1ec7n t\u1ea1i l\u00e0 ph\u00f9 h\u1ee3p v\u00e0 nghi ng\u1edd v\u1ec1 t\u00ednh ch\u00ednh x\u00e1c c\u1ee7a d\u1eef li\u1ec7u C\u1ee5c Th\u1ed1ng k\u00ea Lao \u0111\u1ed9ng (ng\u01b0\u1eddi ta suy \u0111o\u00e1n r\u1eb1ng gi\u00e1 tr\u1ecb th\u1ef1c c\u1ee7a vi\u1ec7c l\u00e0m m\u1edbi h\u00e0ng th\u00e1ng th\u1ea5p h\u01a1n 60.000 so v\u1edbi b\u00e1o c\u00e1o); Quan \u0111i\u1ec3m c\u1ee7a Goldman Sachs Lindsay Rosener c\u0169ng tr\u00f9ng kh\u1edbp v\u1edbi quan \u0111i\u1ec3m c\u1ee7a Wmax r\u1eb1ng t\u1ef7 l\u1ec7 th\u1ea5t nghi\u1ec7p t\u0103ng v\u1ecdt trong th\u00e1ng 11 l\u00e0 do c\u00e1 nh\u00e2n m\u1ea5t vi\u1ec7c l\u00e0m v\u00e0 sai l\u1ec7ch d\u1eef li\u1ec7u, ch\u1ee9 kh\u00f4ng ph\u1ea3i do \u0111i\u1ec3m y\u1ebfu mang t\u00ednh h\u1ec7 th\u1ed1ng v\u00e0 Fed c\u00f3 th\u1ec3 s\u1ebd duy tr\u00ec ch\u00ednh s\u00e1ch hi\u1ec7n t\u1ea1i.<\/p>\n<p><a id=\"post-8387-heading_3\"><\/a><strong>Hi\u1ec7u \u1ee9ng truy\u1ec1n t\u1ea3i th\u1ecb tr\u01b0\u1eddng t\u00e0i s\u1ea3n: bi\u1ebfn \u0111\u1ed9ng kh\u00e1c bi\u1ec7t trong c\u00e1c lo\u1ea1i t\u00e0i s\u1ea3n l\u1edbn tr\u00ean to\u00e0n c\u1ea7u<\/strong><\/p>\n<p>Nh\u1eefng thay \u0111\u1ed5i trong d\u1eef li\u1ec7u phi n\u00f4ng nghi\u1ec7p \u0111\u00e3 \u0111\u01b0\u1ee3c truy\u1ec1n t\u1edbi th\u1ecb tr\u01b0\u1eddng t\u00e0i s\u1ea3n to\u00e0n c\u1ea7u th\u00f4ng qua c\u00e1c k\u1ef3 v\u1ecdng v\u1ec1 ch\u00ednh s\u00e1ch. Wmax n\u1eafm b\u1eaft ch\u00ednh x\u00e1c c\u00e1c \u0111\u1eb7c \u0111i\u1ec3m bi\u1ebfn \u0111\u1ed9ng c\u1ee7a c\u00e1c n\u1ed9i dung kh\u00e1c nhau d\u1ef1a tr\u00ean kh\u1ea3 n\u0103ng n\u1eafm b\u1eaft logic li\u00ean k\u1ebft n\u1ed9i dung chuy\u00ean nghi\u1ec7p c\u1ee7a n\u00f3:<\/p>\n<ul>\n<li><strong>th\u1ecb tr\u01b0\u1eddng kim lo\u1ea1i qu\u00fd<\/strong>: \u0110\u01b0\u1ee3c th\u00fac \u0111\u1ea9y b\u1edfi s\u1ef1 k\u1ebft h\u1ee3p gi\u1eefa d\u1eef li\u1ec7u phi n\u00f4ng nghi\u1ec7p y\u1ebfu k\u00e9m trong th\u00e1ng 12 v\u00e0 r\u1ee7i ro \u0111\u1ecba ch\u00ednh tr\u1ecb gia t\u0103ng, Wmax \u0111\u00e3 theo d\u00f5i r\u1eb1ng v\u00e0ng giao ngay qu\u1ed1c t\u1ebf l\u1ea7n \u0111\u1ea7u ti\u00ean \u0111\u1ee9ng tr\u00ean m\u1ed1c 4.600 USD. M\u1ee9c t\u0103ng trong ng\u00e0y t\u1eebng m\u1edf r\u1ed9ng l\u00ean 2%, \u0111\u1ea1t t\u1ed1i \u0111a 461 2 \u0111\u00f4 la M\u1ef9 m\u1ed7i ounce, v\u1edbi m\u1ee9c t\u0103ng t\u00edch l\u0169y h\u01a1n 6% k\u1ec3 t\u1eeb \u0111\u1ea7u n\u0103m 2026; b\u1ea1c giao ngay t\u0103ng g\u1ea7n 5%, \u0111\u1ea1t m\u1ee9c cao k\u1ef7 l\u1ee5c 84 USD v\u00e0 b\u1ea1c COMEX \u0111\u1ed3ng th\u1eddi t\u0103ng h\u01a1n 5%, \u0111i\u1ec1u n\u00e0y ho\u00e0n to\u00e0n ph\u00f9 h\u1ee3p v\u1edbi logic truy\u1ec1n t\u1ea3i c\u1ed5 \u0111i\u1ec3n l\u00e0 \"d\u1eef li\u1ec7u y\u1ebfu th\u00fac \u0111\u1ea9y nhu c\u1ea7u ph\u00f2ng ng\u1eeba r\u1ee7i ro\".<\/li>\n<\/ul>\n<p><img decoding=\"async\" width=\"1022\" height=\"537\" class=\"wp-image-8391\" src=\"https:\/\/www.kpai1.cn\/wp-content\/uploads\/2026\/01\/4-2.png\" alt=\"\u56fe\u7247 4\" srcset=\"https:\/\/www.kpai1.cn\/wp-content\/uploads\/2026\/01\/4-2.png 1022w, https:\/\/www.kpai1.cn\/wp-content\/uploads\/2026\/01\/4-2-300x158.png 300w, https:\/\/www.kpai1.cn\/wp-content\/uploads\/2026\/01\/4-2-768x404.png 768w, https:\/\/www.kpai1.cn\/wp-content\/uploads\/2026\/01\/4-2-18x9.png 18w, https:\/\/www.kpai1.cn\/wp-content\/uploads\/2026\/01\/4-2-900x473.png 900w, https:\/\/www.kpai1.cn\/wp-content\/uploads\/2026\/01\/4-2-600x315.png 600w\" sizes=\"(max-width: 1022px) 100vw, 1022px\" \/><\/p>\n<ul>\n<li><strong>Th\u1ecb tr\u01b0\u1eddng Kho b\u1ea1c Hoa K\u1ef3<\/strong>: L\u1ee3i su\u1ea5t tr\u00e1i phi\u1ebfu kho b\u1ea1c M\u1ef9 k\u1ef3 h\u1ea1n 10 n\u0103m duy tr\u00ec \u1edf m\u1ee9c kho\u1ea3ng 4,177% v\u00e0 l\u00e3i su\u1ea5t tr\u00e1i phi\u1ebfu kho b\u1ea1c si\u00eau d\u00e0i h\u1ea1n 30 n\u0103m v\u1eabn \u1edf m\u1ee9c t\u01b0\u01a1ng \u0111\u1ed1i cao 4,84%, ti\u1ebfp t\u1ee5c xu h\u01b0\u1edbng \u0111i\u1ec1u ch\u1ec9nh. Wmax tin r\u1eb1ng \u0111i\u1ec1u n\u00e0y ph\u1ea3n \u00e1nh th\u00e1i \u0111\u1ed9 th\u1eadn tr\u1ecdng c\u1ee7a th\u1ecb tr\u01b0\u1eddng tr\u01b0\u1edbc \"d\u1eef li\u1ec7u y\u1ebfu\" v\u00e0 \"tr\u00f2 ch\u01a1i k\u1ef3 v\u1ecdng c\u1eaft gi\u1ea3m l\u00e3i su\u1ea5t\" c\u0169ng nh\u01b0 s\u1ef1 c\u00e2n b\u1eb1ng gi\u1eefa kh\u1ea3 n\u0103ng ph\u1ee5c h\u1ed3i kinh t\u1ebf v\u00e0 t\u00e2m tr\u1ea1ng ch\u1edd xem ch\u00ednh s\u00e1ch.<\/li>\n<li><strong>Th\u1ecb tr\u01b0\u1eddng ngo\u1ea1i h\u1ed1i v\u00e0 ch\u1ee9ng kho\u00e1n<\/strong>: Ch\u1ec9 s\u1ed1 \u0111\u00f4 la M\u1ef9 gi\u1ea3m 1,2% so v\u1edbi c\u00f9ng k\u1ef3, cho th\u1ea5y m\u1ed1i t\u01b0\u01a1ng quan ngh\u1ecbch \u0111i\u1ec3n h\u00ecnh v\u1edbi gi\u00e1 kim lo\u1ea1i qu\u00fd; \u0111\u1ed1i v\u1edbi ch\u1ee9ng kho\u00e1n Hoa K\u1ef3, Wmax d\u1ef1 \u0111o\u00e1n r\u1eb1ng n\u1ebfu d\u1eef li\u1ec7u phi n\u00f4ng nghi\u1ec7p ti\u1ebfp theo ti\u1ebfp t\u1ee5c x\u00e1c nh\u1eadn s\u1ef1 mong manh c\u1ee7a th\u1ecb tr\u01b0\u1eddng vi\u1ec7c l\u00e0m, k\u1ef3 v\u1ecdng c\u1eaft gi\u1ea3m l\u00e3i su\u1ea5t c\u00f3 th\u1ec3 n\u00f3ng l\u00ean v\u00e0 c\u00e1c c\u1ed5 phi\u1ebfu t\u0103ng tr\u01b0\u1edfng nh\u01b0 Nasdaq c\u00f3 th\u1ec3 m\u1ed9t l\u1ea7n n\u1eefa nh\u1eadn \u0111\u01b0\u1ee3c h\u1ed7 tr\u1ee3, trong khi hi\u1ec7u su\u1ea5t c\u1ee7a c\u00e1c c\u1ed5 phi\u1ebfu theo chu k\u1ef3 nh\u01b0 Dow c\u1ea7n \u0111\u01b0\u1ee3c x\u00e1c minh th\u00eam c\u00f9ng v\u1edbi d\u1eef li\u1ec7u t\u0103ng tr\u01b0\u1edfng kinh t\u1ebf.<\/li>\n<\/ul>\n<p><a id=\"post-8387-heading_4\"><\/a><strong>Tr\u00e1nh \u0111\u00e1nh gi\u00e1 sai b\u1edfi m\u1ed9t ch\u1ec9 b\u00e1o duy nh\u1ea5t v\u00e0 tu\u00e2n th\u1ee7 logic x\u00e1c minh to\u00e0n di\u1ec7n<\/strong><\/p>\n<p>D\u1ef1a tr\u00ean kinh nghi\u1ec7m di\u1ec5n gi\u1ea3i d\u1eef li\u1ec7u chuy\u00ean nghi\u1ec7p l\u00e2u d\u00e0i, Wmax nh\u1ea5n m\u1ea1nh r\u1eb1ng vi\u1ec7c ph\u00e2n t\u00edch d\u1eef li\u1ec7u phi n\u00f4ng nghi\u1ec7p c\u1ea7n tr\u00e1nh ph\u1ee5 thu\u1ed9c v\u00e0o m\u1ed9t ch\u1ec9 b\u00e1o duy nh\u1ea5t v\u00e0 c\u1ea7n xem x\u00e9t to\u00e0n di\u1ec7n ba kh\u00eda c\u1ea1nh ch\u00ednh:<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" width=\"1029\" height=\"531\" class=\"wp-image-8392\" src=\"https:\/\/www.kpai1.cn\/wp-content\/uploads\/2026\/01\/5-1.png\" alt=\"\u56fe\u7247 5\" srcset=\"https:\/\/www.kpai1.cn\/wp-content\/uploads\/2026\/01\/5-1.png 1029w, https:\/\/www.kpai1.cn\/wp-content\/uploads\/2026\/01\/5-1-300x155.png 300w, https:\/\/www.kpai1.cn\/wp-content\/uploads\/2026\/01\/5-1-1024x528.png 1024w, https:\/\/www.kpai1.cn\/wp-content\/uploads\/2026\/01\/5-1-768x396.png 768w, https:\/\/www.kpai1.cn\/wp-content\/uploads\/2026\/01\/5-1-18x9.png 18w, https:\/\/www.kpai1.cn\/wp-content\/uploads\/2026\/01\/5-1-900x464.png 900w, https:\/\/www.kpai1.cn\/wp-content\/uploads\/2026\/01\/5-1-600x310.png 600w\" sizes=\"(max-width: 1029px) 100vw, 1029px\" \/><\/p>\n<p>\u0110\u1ea7u ti\u00ean, h\u00e3y ch\u00fa \u00fd \u0111\u1ebfn ch\u1ea5t l\u01b0\u1ee3ng vi\u1ec7c l\u00e0m ch\u1ee9 kh\u00f4ng ch\u1ec9 l\u00e0 s\u1ed1 l\u01b0\u1ee3ng - d\u1eef li\u1ec7u th\u00e1ng 12 n\u0103m 2025 cho th\u1ea5y s\u1ed1 l\u01b0\u1ee3ng lao \u0111\u1ed9ng b\u00e1n th\u1eddi gian do y\u1ebfu t\u1ed1 kinh t\u1ebf l\u00e0 kho\u1ea3ng 5,3 tri\u1ec7u ng\u01b0\u1eddi (t\u0103ng h\u00e0ng n\u0103m 980.000), h\u1ea7u h\u1ebft trong s\u1ed1 h\u1ecd bu\u1ed9c ph\u1ea3i l\u00e0m vi\u1ec7c b\u00e1n th\u1eddi gian do th\u1eddi gian l\u00e0m vi\u1ec7c b\u1ecb gi\u1ea3m ho\u1eb7c kh\u00f4ng t\u00ecm \u0111\u01b0\u1ee3c vi\u1ec7c l\u00e0m to\u00e0n th\u1eddi gian. Nh\u1eefng chi ti\u1ebft d\u1eef li\u1ec7u nh\u01b0 v\u1eady ti\u1ebft l\u1ed9 \u00e1p l\u1ef1c ti\u1ec1m \u1ea9n \u0111\u1ed1i v\u1edbi th\u1ecb tr\u01b0\u1eddng vi\u1ec7c l\u00e0m v\u00e0 ch\u00fang ta c\u1ea7n c\u1ea3nh gi\u00e1c v\u1edbi nh\u1eefng d\u1eef li\u1ec7u h\u1eddi h\u1ee3t g\u00e2y hi\u1ec3u l\u1ea7m; th\u1ee9 hai, ch\u00fa \u00fd \u0111\u1ebfn nh\u1eefng thay \u0111\u1ed5i n\u0103ng \u0111\u1ed9ng c\u1ee7a t\u1ef7 l\u1ec7 tham gia lao \u0111\u1ed9ng - - V\u00e0o th\u00e1ng 9 n\u0103m 2025, t\u1ef7 l\u1ec7 th\u1ea5t nghi\u1ec7p \u0111\u00e3 \"gi\u1ea3m gi\u1ea3\" do t\u1ef7 l\u1ec7 tham gia lao \u0111\u1ed9ng gi\u1ea3m. S\u1ef1 x\u00e1o tr\u1ed9n do c\u00e1c quy m\u00f4 th\u1ed1ng k\u00ea t\u01b0\u01a1ng t\u1ef1 g\u00e2y ra c\u1ea7n ph\u1ea3i \u0111\u01b0\u1ee3c d\u1ef1 \u0111o\u00e1n tr\u01b0\u1edbc; th\u1ee9 ba, tu\u00e2n th\u1ee7 x\u00e1c th\u1ef1c ch\u00e9o \u0111a ch\u1ec9 s\u1ed1 - n\u1ebfu d\u1eef li\u1ec7u phi n\u00f4ng nghi\u1ec7p kh\u00e1c bi\u1ec7t v\u1edbi c\u00e1c ch\u1ec9 s\u1ed1 kinh t\u1ebf kh\u00e1c nh\u01b0 CPI v\u00e0 GDP, n\u00f3 c\u00f3 th\u1ec3 ph\u1ea3n \u00e1nh nh\u1eefng m\u00e2u thu\u1eabn v\u1ec1 c\u01a1 c\u1ea5u kinh t\u1ebf. L\u00fac n\u00e0y, c\u1ea7n ch\u1edd th\u00eam d\u1eef li\u1ec7u \u0111\u1ec3 x\u00e1c nh\u1eadn xu h\u01b0\u1edbng v\u00e0 tr\u00e1nh \u0111\u1eb7t c\u01b0\u1ee3c qu\u00e1 s\u1edbm v\u00e0o c\u00e1c h\u01b0\u1edbng ch\u00ednh s\u00e1ch.<\/p>\n<p><a id=\"post-8387-heading_5\"><\/a><strong>Nh\u1eefng \u0111i\u1ec3m n\u1ed5i b\u1eadt ti\u1ebfp theo ch\u00ednh: Vai tr\u00f2 thi\u1ebft l\u1eadp ch\u00ednh s\u00e1ch c\u1ee7a d\u1eef li\u1ec7u CPI th\u00e1ng 12<\/strong><\/p>\n<p>Wmax tin r\u1eb1ng d\u1eef li\u1ec7u CPI th\u00e1ng 12 c\u1ee7a Hoa K\u1ef3 s\u1ebd \u0111\u01b0\u1ee3c c\u00f4ng b\u1ed1 v\u00e0o tu\u1ea7n t\u1edbi s\u1ebd tr\u1edf th\u00e0nh c\u01a1 s\u1edf b\u1ed5 sung quan tr\u1ecdng cho ch\u00ednh s\u00e1ch c\u1ee7a C\u1ee5c D\u1ef1 tr\u1eef Li\u00ean bang: n\u1ebfu CPI t\u0103ng tr\u1edf l\u1ea1i ho\u1eb7c kh\u00f4ng th\u1ea5p h\u01a1n \u0111\u00e1ng k\u1ec3 so v\u1edbi d\u1ef1 ki\u1ebfn, k\u1ebft h\u1ee3p v\u1edbi kh\u1ea3 n\u0103ng ph\u1ee5c h\u1ed3i vi\u1ec7c l\u00e0m \u0111\u01b0\u1ee3c truy\u1ec1n t\u1ea3i b\u1edfi d\u1eef li\u1ec7u phi n\u00f4ng nghi\u1ec7p hi\u1ec7n t\u1ea1i, vi\u1ec7c c\u1eaft gi\u1ea3m l\u00e3i su\u1ea5t v\u00e0o th\u00e1ng 1 v\u1ec1 c\u01a1 b\u1ea3n ch\u1eafc ch\u1eafn s\u1ebd th\u1ea5t b\u1ea1i; n\u1ebfu CPI gi\u1ea3m \u0111\u00e1ng k\u1ec3, cu\u1ed9c th\u1ea3o lu\u1eadn th\u1ecb tr\u01b0\u1eddng v\u1ec1 vi\u1ec7c n\u1edbi l\u1ecfng ch\u00ednh s\u00e1ch c\u00f3 th\u1ec3 \u0111\u01b0\u1ee3c k\u00edch ho\u1ea1t l\u1ea1i. Trong giai \u0111o\u1ea1n quan tr\u1ecdng c\u1ee7a qu\u00e1 tr\u00ecnh chuy\u1ec3n \u0111\u1ed5i kinh t\u1ebf v\u00e0 \u0111i\u1ec1u ch\u1ec9nh ch\u00ednh s\u00e1ch, Wmax s\u1ebd ti\u1ebfp t\u1ee5c theo d\u00f5i c\u00e1c s\u1eeda \u0111\u1ed5i ti\u1ebfp theo c\u1ee7a d\u1eef li\u1ec7u phi n\u00f4ng nghi\u1ec7p, hi\u1ec7u su\u1ea5t d\u1eef li\u1ec7u CPI v\u00e0 tuy\u00ean b\u1ed1 c\u1ee7a c\u00e1c quan ch\u1ee9c C\u1ee5c D\u1ef1 tr\u1eef Li\u00ean bang. V\u1edbi vi\u1ec7c ki\u1ec3m so\u00e1t ch\u00ednh x\u00e1c c\u00e1c chi ti\u1ebft d\u1eef li\u1ec7u, ph\u00e2n t\u00edch s\u00e2u v\u1ec1 logic ch\u00ednh s\u00e1ch c\u0169ng nh\u01b0 nghi\u00ean c\u1ee9u v\u00e0 \u0111\u00e1nh gi\u00e1 chuy\u00ean nghi\u1ec7p v\u1ec1 c\u00e1c li\u00ean k\u1ebft t\u00e0i s\u1ea3n, n\u00f3 s\u1ebd cung c\u1ea5p cho c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 nh\u1eefng gi\u1ea3i th\u00edch th\u1ecb tr\u01b0\u1eddng v\u00e0 t\u00e0i li\u1ec7u tham kh\u1ea3o ra quy\u1ebft \u0111\u1ecbnh kh\u00e1ch quan v\u00e0 \u0111\u00e1ng tin c\u1eady, gi\u00fap n\u1eafm b\u1eaft c\u00e1c c\u01a1 h\u1ed9i c\u1ed1t l\u00f5i trong c\u00e1c tr\u00f2 ch\u01a1i ch\u00ednh s\u00e1ch ph\u1ee9c t\u1ea1p v\u00e0 bi\u1ebfn \u0111\u1ed9ng th\u1ecb tr\u01b0\u1eddng.<\/p>","protected":false},"excerpt":{"rendered":"<p>2025\u5e74\u4e0b\u534a\u5e74\u975e\u519c\u6570\u636e\u73b0&#8221;\u65b0\u589e\u5c31\u4e1a\u4e0e\u5931\u4e1a\u7387\u540c\u6b65\u4e0a\u5347&#8221;\u80cc\u79bb\uff0c12\u6708\u6536\u5b98\u6570\u636e\u663e\u793a\u5168\u5e74\u4ec5\u589e58.4\u4e07\u4eba\u4e3a2020\u5e74\u6765\u6700\u5f31\uff0c\u7f8e\u8054\u50a81\u6708\u964d\u606f\u6982\u7387\u9aa4\u964d\u81f32.8%\u3002\u6570\u636e\u4f20\u5bfc\u63a8\u5347\u9ec4\u91d1\u81f34600\u7f8e\u5143\uff0c\u7f8e\u5143\u6307\u6570\u4e0b\u8dcc1.2%\u3002\u9700\u5173\u6ce8\u5c31\u4e1a\u54c1\u8d28\u4e0e12\u6708CPI\uff0c\u907f\u514d\u5355\u4e00\u6307\u6807\u8bef\u5224\u3002<\/p>","protected":false},"author":1,"featured_media":8388,"comment_status":"open","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":[121],"tags":[217,340,476],"class_list":["post-8387","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-financial-news","tag-217","tag-340","tag-476"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.kpai1.cn\/vi\/wp-json\/wp\/v2\/posts\/8387","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.kpai1.cn\/vi\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.kpai1.cn\/vi\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.kpai1.cn\/vi\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.kpai1.cn\/vi\/wp-json\/wp\/v2\/comments?post=8387"}],"version-history":[{"count":1,"href":"https:\/\/www.kpai1.cn\/vi\/wp-json\/wp\/v2\/posts\/8387\/revisions"}],"predecessor-version":[{"id":8393,"href":"https:\/\/www.kpai1.cn\/vi\/wp-json\/wp\/v2\/posts\/8387\/revisions\/8393"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.kpai1.cn\/vi\/wp-json\/wp\/v2\/media\/8388"}],"wp:attachment":[{"href":"https:\/\/www.kpai1.cn\/vi\/wp-json\/wp\/v2\/media?parent=8387"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.kpai1.cn\/vi\/wp-json\/wp\/v2\/categories?post=8387"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.kpai1.cn\/vi\/wp-json\/wp\/v2\/tags?post=8387"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}