{"id":8414,"date":"2026-01-14T16:18:37","date_gmt":"2026-01-14T08:18:37","guid":{"rendered":"https:\/\/www.kpai1.cn\/?p=8414"},"modified":"2026-01-14T17:17:08","modified_gmt":"2026-01-14T09:17:08","slug":"%e6%95%b0%e6%8d%ae%e5%a4%b1%e7%9c%9f%e5%8f%a0%e5%8a%a0%e6%94%bf%e6%b2%bb%e5%b9%b2%e9%a2%84%ef%bc%8c%e7%be%8e%e5%9b%bd-12-%e6%9c%88-cpi-%e5%a6%82%e4%bd%95%e6%94%b9%e5%86%99%e7%be%8e%e8%81%94%e5%82%a8","status":"publish","type":"post","link":"https:\/\/www.kpai1.cn\/vi\/luu-tru\/8414","title":{"rendered":"V\u1edbi s\u1ef1 b\u00f3p m\u00e9o d\u1eef li\u1ec7u v\u00e0 s\u1ef1 can thi\u1ec7p ch\u00ednh tr\u1ecb, CPI th\u00e1ng 12 c\u1ee7a M\u1ef9 s\u1ebd vi\u1ebft l\u1ea1i k\u1ecbch b\u1ea3n c\u1eaft gi\u1ea3m l\u00e3i su\u1ea5t c\u1ee7a Fed nh\u01b0 th\u1ebf n\u00e0o?"},"content":{"rendered":"

D\u1eef li\u1ec7u l\u1ea1m ph\u00e1t th\u00e1ng 12 do B\u1ed9 Lao \u0111\u1ed9ng Hoa K\u1ef3 c\u00f4ng b\u1ed1 cho th\u1ea5y CPI chung t\u0103ng 2,7% so v\u1edbi c\u00f9ng k\u1ef3 n\u0103m tr\u01b0\u1edbc v\u00e0 CPI c\u01a1 b\u1ea3n t\u0103ng 2,6% so v\u1edbi c\u00f9ng k\u1ef3 n\u0103m ngo\u00e1i. C\u1ea3 hai \u0111\u1ec1u kh\u00f4ng thay \u0111\u1ed5i so v\u1edbi th\u00e1ng 11 v\u00e0 th\u1ea5p h\u01a1n k\u1ef3 v\u1ecdng c\u1ee7a th\u1ecb tr\u01b0\u1eddng. Sau khi \u0111i\u1ec1u ch\u1ec9nh theo m\u00f9a, CPI t\u0103ng 0,3% so v\u1edbi th\u00e1ng tr\u01b0\u1edbc \u0111\u00fang k\u1ef3 v\u1ecdng v\u00e0 CPI c\u01a1 b\u1ea3n t\u0103ng 0,2% so v\u1edbi th\u00e1ng tr\u01b0\u1edbc, th\u1ea5p h\u01a1n d\u1ef1 ki\u1ebfn. Sau khi d\u1eef li\u1ec7u \u0111\u01b0\u1ee3c c\u00f4ng b\u1ed1, th\u1ecb tr\u01b0\u1eddng t\u00e0i ch\u00ednh \u0111\u00e3 ph\u1ea3n \u1ee9ng nhanh ch\u00f3ng. V\u00e0ng giao ngay t\u0103ng h\u01a1n 10 USD trong th\u1eddi gian ng\u1eafn, t\u1eebng \u0111\u1ea1t m\u1ed1c 4.620 USD. B\u1ea1c giao ngay t\u0103ng 3% trong ng\u00e0y. Ch\u1ec9 s\u1ed1 \u0111\u00f4 la M\u1ef9 ph\u1ee5c h\u1ed3i nh\u1eb9 sau \u0111\u1ee3t gi\u1ea3m m\u1ea1nh. S\u1ef1 \u0111\u1eb7t c\u01b0\u1ee3c c\u1ee7a th\u1ecb tr\u01b0\u1eddng v\u00e0o vi\u1ec7c c\u1eaft gi\u1ea3m l\u00e3i su\u1ea5t c\u1ee7a C\u1ee5c D\u1ef1 tr\u1eef Li\u00ean bang c\u0169ng n\u00f3ng l\u00ean.<\/p>\n

<\/a>Sai l\u1ec7ch th\u1ed1ng k\u00ea v\u00e0 hi\u1ec7u \u1ee9ng b\u1ed5 sung do ch\u00ednh ph\u1ee7 \u0111\u00f3ng c\u1eeda<\/strong><\/p>\n

\u0110\u1eb1ng sau b\u00e1o c\u00e1o CPI th\u00e1ng 12 n\u00e0y l\u00e0 s\u1ef1 sai l\u1ec7ch trong vi\u1ec7c thu th\u1eadp d\u1eef li\u1ec7u do ch\u00ednh ph\u1ee7 \u0111\u00f3ng c\u1eeda. Vi\u1ec7c ch\u00ednh ph\u1ee7 \u0111\u00f3ng c\u1eeda v\u00e0o m\u00f9a thu n\u0103m ngo\u00e1i \u0111\u00e3 ng\u0103n c\u1ea3n B\u1ed9 Lao \u0111\u1ed9ng ti\u1ebfn h\u00e0nh c\u00f4ng vi\u1ec7c thu gi\u00e1 th\u1ef1c t\u1ebf b\u00ecnh th\u01b0\u1eddng. Khi t\u1ed5ng h\u1ee3p b\u00e1o c\u00e1o CPI th\u00e1ng 11, ph\u1ea3i s\u1eed d\u1ee5ng \u201cph\u01b0\u01a1ng ph\u00e1p k\u1ebft chuy\u1ec3n\u201d \u0111\u1ec3 \u01b0\u1edbc t\u00ednh m\u1ed9t s\u1ed1 s\u1ed1 li\u1ec7u, \u0111\u1eb7c bi\u1ec7t l\u00e0 ch\u1ec9 s\u1ed1 gi\u00e1 thu\u00ea. C\u00e1ch gi\u1ea3i quy\u1ebft k\u1ef9 thu\u1eadt n\u00e0y coi gi\u00e1 th\u00e1ng 10 l\u00e0 c\u1ed1 \u0111\u1ecbnh, \u0111i\u1ec1u n\u00e0y tr\u1ef1c ti\u1ebfp d\u1eabn \u0111\u1ebfn kh\u1ea3 n\u0103ng d\u1eef li\u1ec7u l\u1ea1m ph\u00e1t th\u00e1ng 11 c\u00f3 th\u1ec3 b\u1ecb gi\u1ea3m m\u1ed9t c\u00e1ch gi\u1ea3 t\u1ea1o. C\u00e1c nh\u00e0 kinh t\u1ebf tr\u01b0\u1edbc \u0111\u00f3 \u0111\u00e3 c\u1ea3nh b\u00e1o r\u1eb1ng d\u1eef li\u1ec7u th\u00e1ng 12 c\u00f3 th\u1ec3 \u201cbao ph\u1ee7\u201d d\u1eef li\u1ec7u th\u00e1ng 11 b\u1ecb \u0111\u1ecbnh gi\u00e1 th\u1ea5p. Oscar Munoz, chi\u1ebfn l\u01b0\u1ee3c gia v\u0129 m\u00f4 tr\u01b0\u1edfng Hoa K\u1ef3 t\u1ea1i TD Securities, \u0111\u00e3 ch\u1ec9 ra r\u1eb1ng do ng\u1eebng ho\u1ea1t \u0111\u1ed9ng, CPI s\u1ebd cho th\u1ea5y hi\u1ec7u \u1ee9ng b\u1ed5 sung \u0111\u00e1ng k\u1ec3 trong th\u00e1ng 12, nh\u01b0ng vi\u1ec7c b\u1ed5 sung n\u00e0y ch\u01b0a ho\u00e0n t\u1ea5t v\u00e0 s\u1ef1 sai l\u1ec7ch trong d\u1eef li\u1ec7u cho thu\u00ea s\u1ebd kh\u00f4ng \u0111\u01b0\u1ee3c lo\u1ea1i b\u1ecf ho\u00e0n to\u00e0n cho \u0111\u1ebfn khi b\u00e1o c\u00e1o v\u00e0o th\u00e1ng 4 n\u0103m 2026.<\/p>\n

\"\u56fe\u7247<\/p>\n

\u0110i\u1ec1u n\u00e0y l\u00e0 do C\u1ee5c Th\u1ed1ng k\u00ea Lao \u0111\u1ed9ng s\u1eed d\u1ee5ng d\u1eef li\u1ec7u b\u1ea3ng 6 th\u00e1ng \u0111\u1ec3 t\u00ednh ti\u1ec1n thu\u00ea v\u00e0 ti\u1ec1n thu\u00ea t\u01b0\u01a1ng \u0111\u01b0\u01a1ng v\u1edbi ch\u1ee7 s\u1edf h\u1eefu, \u0111\u1ed3ng th\u1eddi t\u00e1c \u0111\u1ed9ng c\u1ee7a vi\u1ec7c thi\u1ebfu m\u1eabu do ng\u1eebng ho\u1ea1t \u0111\u1ed9ng c\u00f3 \u0111\u1ed9 tr\u1ec5. B\u1ea5t k\u1ec3 c\u00e1c y\u1ebfu t\u1ed1 g\u00e2y x\u00e1o tr\u1ed9n d\u1eef li\u1ec7u, vi\u1ec7c t\u0103ng gi\u00e1 trong th\u00e1ng 12 cho th\u1ea5y \u0111\u1eb7c \u0111i\u1ec3m c\u01a1 c\u1ea5u. Gi\u00e1 l\u01b0\u01a1ng th\u1ef1c v\u00e0 n\u0103ng l\u01b0\u1ee3ng, \u0111\u1eb7c bi\u1ec7t l\u00e0 gi\u00e1 \u0111i\u1ec7n do trung t\u00e2m d\u1eef li\u1ec7u \u0111i\u1ec1u khi\u1ec3n, \u0111\u00e3 tr\u1edf th\u00e0nh \u0111\u1ed9ng l\u1ef1c ch\u00ednh khi\u1ebfn CPI t\u0103ng; gi\u00e1 h\u00e0ng h\u00f3a nh\u01b0 \u00f4 t\u00f4 m\u1edbi, \u0111\u1ed3 n\u1ed9i th\u1ea5t v\u00e0 qu\u1ea7n \u00e1o c\u0169ng ph\u1ee5c h\u1ed3i tr\u1edf l\u1ea1i, trong khi gi\u00e1 ng\u00e0nh d\u1ecbch v\u1ee5 b\u1ecb \u1ea3nh h\u01b0\u1edfng b\u1edfi c\u00e1c \u0111\u1ee3t gi\u1ea3m gi\u00e1 trong k\u1ef3 ngh\u1ec9 l\u1ec5 v\u00e0 \u0111\u00e3 ph\u1ee5c h\u1ed3i t\u01b0\u01a1ng \u0111\u1ed1i nh\u1eb9. C\u00e1c h\u1ea1ng m\u1ee5c nh\u1ea1y c\u1ea3m theo m\u00f9a nh\u01b0 l\u01b0u tr\u00fa ngo\u00e0i th\u00e0nh ph\u1ed1 v\u00e0 v\u00e9 m\u00e1y bay \u0111\u00e3 c\u00f3 d\u1ea5u hi\u1ec7u ph\u1ee5c h\u1ed3i. Ngo\u00e0i ra, t\u00e1c \u0111\u1ed9ng truy\u1ec1n t\u1ea3i c\u1ee7a ch\u00ednh s\u00e1ch thu\u1ebf quan to\u00e0n di\u1ec7n \u0111\u1ed1i v\u1edbi l\u1ea1m ph\u00e1t c\u1ee7a ch\u00ednh quy\u1ec1n Trump c\u0169ng \u0111\u00e3 b\u1eaft \u0111\u1ea7u xu\u1ea5t hi\u1ec7n, nh\u01b0ng h\u1ea7u h\u1ebft c\u00e1c c\u00f4ng ty \u0111\u1ec1u ch\u1ecdn c\u00e1ch t\u1ef1 m\u00ecnh g\u00e1nh ch\u1ecbu m\u1ed9t ph\u1ea7n \u00e1p l\u1ef1c chi ph\u00ed v\u00e0 ch\u01b0a chuy\u1ec3n ho\u00e0n to\u00e0n sang ng\u01b0\u1eddi ti\u00eau d\u00f9ng.<\/p>\n

<\/a>S\u1ef1 kh\u00f4ng ph\u00f9 h\u1ee3p gi\u1eefa th\u00e1i \u0111\u1ed9 ch\u1edd \u0111\u1ee3i c\u1ee7a Fed v\u00e0 k\u1ef3 v\u1ecdng c\u1ee7a th\u1ecb tr\u01b0\u1eddng<\/strong><\/p>\n

Sau khi d\u1eef li\u1ec7u CPI th\u00e1ng 12 \u0111\u01b0\u1ee3c c\u00f4ng b\u1ed1, th\u1ecb tr\u01b0\u1eddng \u0111\u00e3 t\u0103ng \u0111\u00e1ng k\u1ec3 m\u1ee9c \u0111\u1eb7t c\u01b0\u1ee3c v\u00e0o C\u1ee5c D\u1ef1 tr\u1eef Li\u00ean bang v\u1ec1 vi\u1ec7c c\u1eaft gi\u1ea3m l\u00e3i su\u1ea5t. C\u00e1c nh\u00e0 giao d\u1ecbch tin r\u1eb1ng Fed c\u00f3 th\u1ec3 kh\u00f4ng \u0111\u1ee3i cho \u0111\u1ebfn khi nhi\u1ec7m k\u1ef3 c\u1ee7a Powell k\u1ebft th\u00fac v\u00e0o th\u00e1ng 5 tr\u01b0\u1edbc khi h\u00e0nh \u0111\u1ed9ng v\u00e0 trong khi vi\u1ec7c c\u1eaft gi\u1ea3m l\u00e3i su\u1ea5t v\u00e0o th\u00e1ng 6 v\u1eabn l\u00e0 k\u1ebft qu\u1ea3 c\u00f3 kh\u1ea3 n\u0103ng x\u1ea3y ra nh\u1ea5t, x\u00e1c su\u1ea5t c\u1eaft gi\u1ea3m l\u00e3i su\u1ea5t v\u00e0o th\u00e1ng 4 \u0111\u00e3 t\u0103ng l\u00ean 42% t\u1eeb 38% tr\u01b0\u1edbc khi d\u1eef li\u1ec7u \u0111\u01b0\u1ee3c c\u00f4ng b\u1ed1. Tuy nhi\u00ean, c\u00f3 s\u1ef1 kh\u00e1c bi\u1ec7t r\u00f5 r\u00e0ng trong n\u1ed9i b\u1ed9 Fed v\u1ec1 s\u1ef1 c\u00e2n b\u1eb1ng gi\u1eefa l\u1ea1m ph\u00e1t v\u00e0 vi\u1ec7c l\u00e0m, v\u00e0 nh\u00ecn chung Fed v\u1eabn duy tr\u00ec th\u00e1i \u0111\u1ed9 ch\u1edd xem. \"Ng\u01b0\u1eddi ph\u00e1t ng\u00f4n c\u1ee7a Fed\" Nick Timiraos ch\u1ec9 ra r\u1eb1ng d\u1eef li\u1ec7u CPI th\u00e1ng 12 kh\u00f4ng \u0111\u1ee7 \u0111\u1ec3 thay \u0111\u1ed5i quan \u0111i\u1ec3m hi\u1ec7n t\u1ea1i c\u1ee7a Fed. C\u00e1c quan ch\u1ee9c hy v\u1ecdng s\u1ebd th\u1ea5y th\u00eam b\u1eb1ng ch\u1ee9ng tr\u01b0\u1edbc khi c\u1eaft gi\u1ea3m l\u00e3i su\u1ea5t cho th\u1ea5y l\u1ea1m ph\u00e1t \u0111ang \u1ed5n \u0111\u1ecbnh v\u00e0 gi\u1ea3m d\u1ea7n, trong khi \u0111i\u1ec1u ki\u1ec7n th\u1ecb tr\u01b0\u1eddng lao \u0111\u1ed9ng x\u1ea5u \u0111i. Vi\u1ec7c x\u00e1c minh sau n\u00e0y c\u00f3 th\u1ec3 c\u1ea7n \u00edt nh\u1ea5t v\u00e0i th\u00e1ng h\u1ed7 tr\u1ee3 d\u1eef li\u1ec7u l\u1ea1m ph\u00e1t.<\/p>\n

\"\u56fe\u7247<\/p>\n

Tr\u00ean th\u1ef1c t\u1ebf, C\u1ee5c D\u1ef1 tr\u1eef Li\u00ean bang \u0111\u00e3 c\u1eaft gi\u1ea3m l\u00e3i su\u1ea5t ba l\u1ea7n li\u00ean ti\u1ebfp v\u00e0o cu\u1ed1i n\u0103m 2025 \u0111\u1ec3 xoa d\u1ecbu th\u1ecb tr\u01b0\u1eddng lao \u0111\u1ed9ng \u0111ang suy y\u1ebfu, nh\u01b0ng bi\u00ean b\u1ea3n cu\u1ed9c h\u1ecdp ch\u00ednh s\u00e1ch th\u00e1ng 12 cho th\u1ea5y m\u1ed9t s\u1ed1 quan ch\u1ee9c kh\u00f4ng s\u1eb5n l\u00f2ng n\u1edbi l\u1ecfng h\u01a1n n\u1eefa trong ng\u1eafn h\u1ea1n. N\u1ec1n kinh t\u1ebf M\u1ef9 hi\u1ec7n nay \u0111ang \u1edf tr\u1ea1ng th\u00e1i \"chia \u0111\u00f4i m\u00e0n h\u00ecnh\": t\u0103ng tr\u01b0\u1edfng kinh t\u1ebf v\u1eabn v\u1eefng ch\u1eafc, nh\u01b0ng th\u1ecb tr\u01b0\u1eddng lao \u0111\u1ed9ng \u0111\u00e3 h\u1ea1 nhi\u1ec7t \u0111\u00e1ng k\u1ec3. T\u1ed1c \u0111\u1ed9 t\u0103ng tr\u01b0\u1edfng vi\u1ec7c l\u00e0m trung b\u00ecnh h\u00e0ng th\u00e1ng v\u00e0o n\u0103m 2025 s\u1ebd \u0111\u1ea1t m\u1ee9c th\u1ea5p m\u1edbi k\u1ec3 t\u1eeb n\u0103m 2003. \u0110i\u1ec1u n\u00e0y \u0111\u00e3 d\u1ea7n chuy\u1ec3n tr\u1ecdng t\u00e2m c\u1ee7a C\u1ee5c D\u1ef1 tr\u1eef Li\u00ean bang t\u1eeb ki\u1ec1m ch\u1ebf l\u1ea1m ph\u00e1t sang \u1ed5n \u0111\u1ecbnh vi\u1ec7c l\u00e0m. T\u1ea1i cu\u1ed9c h\u1ecdp ch\u00ednh s\u00e1ch ti\u1ebfp theo v\u00e0o th\u00e1ng 1, th\u1ecb tr\u01b0\u1eddng nh\u00ecn chung k\u1ef3 v\u1ecdng C\u1ee5c D\u1ef1 tr\u1eef Li\u00ean bang s\u1ebd duy tr\u00ec m\u1ee9c l\u00e3i su\u1ea5t chu\u1ea9n \u1edf m\u1ee9c 3,50% -3,75%.<\/p>\n

<\/a>\u653f\u7b56\u538b\u529b\u4e0b\u7684\u901a\u80c0\u4e0e\u7f8e\u8054\u50a8\u72ec\u7acb\u6027\u4e4b\u4e89<\/strong><\/p>\n

D\u1eef li\u1ec7u l\u1ea1m ph\u00e1t hi\u1ec7n t\u1ea1i v\u00e0 c\u00e1c quy\u1ebft \u0111\u1ecbnh v\u1ec1 ch\u00ednh s\u00e1ch ti\u1ec1n t\u1ec7 lu\u00f4n b\u1ecb che gi\u1ea5u b\u1edfi nh\u1eefng \u00e2m m\u01b0u ch\u00ednh tr\u1ecb m\u1ea1nh m\u1ebd. Trong nhi\u1ec7m k\u1ef3 th\u1ee9 hai c\u1ee7a Trump, B\u1ed9 Lao \u0111\u1ed9ng v\u00e0 C\u1ee5c D\u1ef1 tr\u1eef Li\u00ean bang ph\u1ea3i ch\u1ecbu \u00e1p l\u1ef1c ch\u00ednh tr\u1ecb ch\u01b0a t\u1eebng c\u00f3. V\u00e0o th\u00e1ng 8 n\u0103m ngo\u00e1i, Trump \u0111\u00e3 sa th\u1ea3i \u1ee7y vi\u00ean B\u1ed9 Lao \u0111\u1ed9ng v\u1edbi l\u00fd do \u201cd\u1eef li\u1ec7u b\u1ecb thao t\u00fang\u201d m\u00e0 kh\u00f4ng \u0111\u01b0a ra \u0111\u01b0\u1ee3c b\u1eb1ng ch\u1ee9ng n\u00e0o; Tu\u1ea7n tr\u01b0\u1edbc, Powell \u0111\u00e3 tr\u1ef1c ti\u1ebfp c\u00e1o bu\u1ed9c ch\u00ednh ph\u1ee7 \u0111e d\u1ecda truy t\u1ed1 h\u00ecnh s\u1ef1 \u0111\u1ec3 g\u00e2y \u00e1p l\u1ef1c bu\u1ed9c C\u1ee5c D\u1ef1 tr\u1eef Li\u00ean bang c\u1eaft gi\u1ea3m l\u00e3i su\u1ea5t. V\u1ea5n \u0111\u1ec1 l\u1ea1m ph\u00e1t \u0111\u00e3 tr\u1edf th\u00e0nh \u0111i\u1ec3m n\u00f3ng ch\u00ednh tr\u1ecb c\u1ed1t l\u00f5i trong cu\u1ed9c b\u1ea7u c\u1eed qu\u1ed1c h\u1ed9i Hoa K\u1ef3 n\u0103m 2026 v\u00e0 gi\u00e1 c\u1ea3 cao ti\u1ebfp t\u1ee5c l\u00e0m x\u00f3i m\u00f2n s\u1ef1 \u1ee7ng h\u1ed9 c\u1ee7a Trump.<\/p>\n

\"\u56fe\u7247<\/p>\n

M\u1eb7c d\u00f9 l\u1ea1m ph\u00e1t c\u1ee7a M\u1ef9 n\u0103m 2025 s\u1ebd nh\u1eb9 h\u01a1n d\u1ef1 ki\u1ebfn \u200b\u200bv\u00e0 \u0111\u00e0 t\u0103ng tr\u1edf l\u1ea1i c\u1ee7a l\u1ea1m ph\u00e1t trong m\u00f9a h\u00e8 b\u1ecb h\u1ea1n ch\u1ebf nh\u01b0ng gi\u00e1 c\u00e1c nhu y\u1ebfu ph\u1ea9m nh\u01b0 h\u00e0ng t\u1ea1p h\u00f3a v\u00e0 b\u1ea3o hi\u1ec3m v\u1eabn cao h\u01a1n nhi\u1ec1u so v\u1edbi nh\u1eefng n\u0103m tr\u01b0\u1edbc. \u201cCh\u1eb7ng cu\u1ed1i\u201d ch\u1ed1ng l\u1ea1m ph\u00e1t v\u1eabn c\u00f2n kh\u00f3 kh\u0103n, t\u1ef7 l\u1ec7 l\u1ea1m ph\u00e1t lu\u00f4n cao h\u01a1n m\u1ee5c ti\u00eau 2% c\u1ee7a C\u1ee5c D\u1ef1 tr\u1eef Li\u00ean bang. V\u1ec1 tri\u1ec3n v\u1ecdng l\u1ea1m ph\u00e1t n\u0103m 2026, c\u00e1c nh\u00e0 kinh t\u1ebf nh\u00ecn chung cho r\u1eb1ng n\u00f3 s\u1ebd c\u00f3 xu h\u01b0\u1edbng gi\u1ea3m quanh co nh\u01b0ng v\u1eabn \u0111\u1ed1i m\u1eb7t v\u1edbi nhi\u1ec1u r\u1ee7i ro gia t\u0103ng. Nh\u00e0 kinh t\u1ebf tr\u01b0\u1edfng Joseph Brusuelas c\u1ee7a RSM ch\u1ec9 ra r\u1eb1ng vi\u1ec7c c\u1eaft gi\u1ea3m thu\u1ebf trong \"\u0110\u1ea1o lu\u1eadt l\u1edbn v\u00e0 \u0111\u1eb9p\" s\u1ebd th\u00fac \u0111\u1ea9y s\u1ee9c chi ti\u00eau c\u1ee7a c\u00e1c h\u1ed9 gia \u0111\u00ecnh c\u00f3 thu nh\u1eadp cao v\u00e0 c\u00e1c kho\u1ea3n \u0111\u1ea7u t\u01b0 quy m\u00f4 l\u1edbn c\u1ee7a c\u00e1c c\u00f4ng ty v\u00e0o l\u0129nh v\u1ef1c tr\u00ed tu\u1ec7 nh\u00e2n t\u1ea1o c\u00f3 th\u1ec3 \u0111\u1ea9y l\u1ea1m ph\u00e1t l\u00ean cao h\u01a1n n\u1eefa. Sung Won Sohn, gi\u00e1o s\u01b0 t\u1ea1i \u0110\u1ea1i h\u1ecdc Loyola Marymount, th\u1eb3ng th\u1eafn cho r\u1eb1ng s\u1ef1 b\u1ea5t \u1ed5n nh\u00e2n t\u1ea1o do Washington t\u1ea1o ra cu\u1ed1i c\u00f9ng c\u00f3 th\u1ec3 d\u1eabn \u0111\u1ebfn l\u1ea1m ph\u00e1t cao h\u01a1n. Nhu c\u1ea7u c\u1eaft gi\u1ea3m l\u00e3i su\u1ea5t d\u1ef1a tr\u00ean \u00e1p l\u1ef1c n\u00e0y kh\u00f4ng ph\u1ea3i l\u00e0 con \u0111\u01b0\u1eddng \u0111\u00fang \u0111\u1eafn \u0111\u1ec3 \u0111\u1ea1t \u0111\u01b0\u1ee3c l\u00e3i su\u1ea5t th\u1ea5p.<\/p>\n

<\/a>Xu h\u01b0\u1edbng kinh t\u1ebf d\u01b0\u1edbi s\u1ef1 \u0111an xen c\u1ee7a nhi\u1ec1u bi\u1ebfn s\u1ed1<\/strong><\/p>\n

Vi\u1ec7c c\u00f4ng b\u1ed1 d\u1eef li\u1ec7u CPI th\u00e1ng 12 c\u1ee7a M\u1ef9 \u0111\u00e3 ti\u1ebft l\u1ed9 b\u1ed9 m\u1eb7t th\u1eadt c\u1ee7a l\u1ea1m ph\u00e1t do ch\u00ednh ph\u1ee7 \u0111\u00f3ng c\u1eeda, \u0111\u1ed3ng th\u1eddi khi\u1ebfn cu\u1ed9c ch\u01a1i gi\u1eefa k\u1ef3 v\u1ecdng c\u1eaft gi\u1ea3m l\u00e3i su\u1ea5t th\u1ecb tr\u01b0\u1eddng v\u00e0 l\u1eadp tr\u01b0\u1eddng ch\u00ednh s\u00e1ch c\u1ee7a C\u1ee5c D\u1ef1 tr\u1eef Li\u00ean bang tr\u1edf n\u00ean c\u0103ng th\u1eb3ng h\u01a1n. Trong ng\u1eafn h\u1ea1n, hi\u1ec7u \u1ee9ng b\u1ed5 sung d\u1eef li\u1ec7u v\u00e0 nh\u1eefng thay \u0111\u1ed5i tr\u00ean th\u1ecb tr\u01b0\u1eddng lao \u0111\u1ed9ng s\u1ebd l\u00e0 ch\u00eca kh\u00f3a t\u00e1c \u0111\u1ed9ng \u0111\u1ebfn \u0111\u1ecbnh h\u01b0\u1edbng ch\u00ednh s\u00e1ch; v\u1ec1 l\u00e2u d\u00e0i, c\u00e1c ch\u00ednh s\u00e1ch c\u1eaft gi\u1ea3m thu\u1ebf, s\u1ef1 b\u00f9ng n\u1ed5 \u0111\u1ea7u t\u01b0 v\u00e0o AI v\u00e0 r\u1ee7i ro \u0111\u1ecba ch\u00ednh tr\u1ecb \u0111\u1ec1u s\u1ebd t\u1ea1o th\u00eam bi\u1ebfn s\u1ed1 cho xu h\u01b0\u1edbng l\u1ea1m ph\u00e1t. Trong cu\u1ed9c \u0111\u1ea5u tranh gi\u1eefa \u00e1p l\u1ef1c ch\u00ednh tr\u1ecb v\u00e0 lu\u1eadt kinh t\u1ebf, c\u00e1ch C\u1ee5c D\u1ef1 tr\u1eef Li\u00ean bang c\u00e2n b\u1eb1ng vi\u1ec7c ki\u1ec3m so\u00e1t l\u1ea1m ph\u00e1t v\u00e0 \u1ed5n \u0111\u1ecbnh vi\u1ec7c l\u00e0m s\u1ebd tr\u1edf th\u00e0nh ch\u00eca kh\u00f3a c\u1ed1t l\u00f5i \u0111\u1ec3 x\u00e1c \u0111\u1ecbnh h\u01b0\u1edbng \u0111i ti\u1ebfp theo c\u1ee7a n\u1ec1n kinh t\u1ebf M\u1ef9.<\/p>","protected":false},"excerpt":{"rendered":"

Ch\u1ec9 s\u1ed1 CPI c\u1ee7a Hoa K\u1ef3 trong th\u00e1ng 12 l\u00e0 2,7% so v\u1edbi c\u00f9ng k\u1ef3 n\u0103m ngo\u00e1i v\u00e0 ch\u1ec9 s\u1ed1 CPI c\u01a1 b\u1ea3n l\u00e0 2,6% so v\u1edbi c\u00f9ng k\u1ef3 n\u0103m ngo\u00e1i, t\u01b0\u01a1ng \u0111\u01b0\u01a1ng v\u1edbi th\u00e1ng 11. Vi\u1ec7c ch\u00ednh ph\u1ee7 \u0111\u00f3ng c\u1eeda \u0111\u00e3 g\u00e2y ra nh\u1eefng sai l\u1ec7ch th\u1ed1ng k\u00ea trong d\u1eef li\u1ec7u th\u00e1ng 11, d\u1eef li\u1ec7u n\u00e0y \u0111\u00e3 b\u1ecb lo\u1ea1i b\u1ecf v\u00e0 b\u1ed5 sung v\u00e0o th\u00e1ng 12. Th\u00e1i \u0111\u1ed9 ch\u1edd \u0111\u1ee3i c\u1ee7a Fed kh\u00f4ng ph\u00f9 h\u1ee3p v\u1edbi k\u1ef3 v\u1ecdng c\u1ee7a th\u1ecb tr\u01b0\u1eddng v\u00e0 \u00e1p l\u1ef1c ch\u00ednh tr\u1ecb \u0111\u00e3 l\u00e0m tr\u1ea7m tr\u1ecdng th\u00eam nh\u1eefng kh\u00e1c bi\u1ec7t v\u1ec1 ch\u00ednh s\u00e1ch. Tri\u1ec3n v\u1ecdng l\u1ea1m ph\u00e1t n\u0103m 2026 r\u1ea5t quanh co v\u00e0 \u0111i xu\u1ed1ng nh\u01b0ng l\u1ea1i ph\u1ea3i \u0111\u1ed1i m\u1eb7t v\u1edbi nh\u1eefng r\u1ee7i ro gia t\u0103ng nh\u01b0 c\u1eaft gi\u1ea3m thu\u1ebf v\u00e0 \u0111\u1ea7u t\u01b0 v\u00e0o AI.<\/p>","protected":false},"author":1,"featured_media":8415,"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":[483,488,217],"class_list":["post-8414","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-financial-news","tag-cpi","tag-488","tag-217"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.kpai1.cn\/vi\/wp-json\/wp\/v2\/posts\/8414","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=8414"}],"version-history":[{"count":3,"href":"https:\/\/www.kpai1.cn\/vi\/wp-json\/wp\/v2\/posts\/8414\/revisions"}],"predecessor-version":[{"id":8431,"href":"https:\/\/www.kpai1.cn\/vi\/wp-json\/wp\/v2\/posts\/8414\/revisions\/8431"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.kpai1.cn\/vi\/wp-json\/wp\/v2\/media\/8415"}],"wp:attachment":[{"href":"https:\/\/www.kpai1.cn\/vi\/wp-json\/wp\/v2\/media?parent=8414"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.kpai1.cn\/vi\/wp-json\/wp\/v2\/categories?post=8414"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.kpai1.cn\/vi\/wp-json\/wp\/v2\/tags?post=8414"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}