{"id":9289,"date":"2026-03-20T15:08:07","date_gmt":"2026-03-20T07:08:07","guid":{"rendered":"https:\/\/www.kpai1.cn\/?p=9289"},"modified":"2026-03-20T15:11:38","modified_gmt":"2026-03-20T07:11:38","slug":"%e4%bc%8a%e6%9c%97%e6%88%98%e4%ba%89%e6%8e%a8%e5%8d%87%e6%b2%b9%e4%bb%b7%e4%b8%8e%e9%80%9a%e8%83%80%ef%bc%8c%e7%be%8e%e8%81%94%e5%82%a8%e6%8c%89%e5%85%b5%e4%b8%8d%e5%8a%a8%e5%9d%9a%e5%ae%88%e9%99%8d","status":"publish","type":"post","link":"https:\/\/www.kpai1.cn\/vi\/luu-tru\/9289","title":{"rendered":"Chi\u1ebfn tranh Iran \u0111\u1ea9y gi\u00e1 d\u1ea7u v\u00e0 l\u1ea1m ph\u00e1t t\u0103ng cao, Fed v\u1eabn gi\u1eef nguy\u00ean k\u1ef3 v\u1ecdng c\u1eaft gi\u1ea3m l\u00e3i su\u1ea5t"},"content":{"rendered":"

S\u1ef1 b\u00f9ng n\u1ed5 c\u1ee7a chi\u1ebfn tranh \u1edf Iran \u0111\u00e3 khi\u1ebfn gi\u00e1 d\u1ea7u qu\u1ed1c t\u1ebf t\u0103ng m\u1ea1nh, c\u00f9ng v\u1edbi s\u1ef1 gia t\u0103ng b\u1ea5t ng\u1edd v\u1ec1 d\u1eef li\u1ec7u PPI c\u1ee7a M\u1ef9 trong th\u00e1ng 2, l\u00e0m t\u0103ng th\u00eam s\u1ef1 ph\u1ee5c h\u1ed3i c\u1ee7a l\u1ea1m ph\u00e1t \u1edf M\u1ef9 v\u00e0 g\u00e2y \u00e1p l\u1ef1c l\u00ean t\u0103ng tr\u01b0\u1edfng kinh t\u1ebf. Tr\u01b0\u1edbc th\u1ec1m quy\u1ebft \u0111\u1ecbnh l\u00e3i su\u1ea5t th\u00e1ng 3 c\u1ee7a C\u1ee5c D\u1ef1 tr\u1eef Li\u00ean bang, k\u1ef3 v\u1ecdng c\u1ee7a th\u1ecb tr\u01b0\u1eddng v\u1ec1 vi\u1ec7c c\u1eaft gi\u1ea3m l\u00e3i su\u1ea5t \u0111\u00e3 h\u1ea1 nhi\u1ec7t \u0111\u00e1ng k\u1ec3. Cu\u1ed1i c\u00f9ng, C\u1ee5c D\u1ef1 tr\u1eef Li\u00ean bang v\u1eabn gi\u1eef nguy\u00ean nh\u01b0 d\u1ef1 ki\u1ebfn. M\u1eb7c d\u00f9 \u0111\u00e3 n\u00e2ng d\u1ef1 b\u00e1o l\u1ea1m ph\u00e1t nh\u01b0ng h\u1ecd v\u1eabn tu\u00e2n th\u1ee7 l\u1ed9 tr\u00ecnh c\u1eaft gi\u1ea3m l\u00e3i su\u1ea5t \u0111\u00e3 \u0111\u1eb7t ra v\u00e0o n\u0103m 2026. N\u00f3 r\u01a1i v\u00e0o t\u00ecnh th\u1ebf ti\u1ebfn tho\u00e1i l\u01b0\u1ee1ng nan v\u1ec1 ch\u00ednh s\u00e1ch d\u01b0\u1edbi nhi\u1ec1u \u00e1p l\u1ef1c c\u1ee7a xung \u0111\u1ed9t \u0111\u1ecba ch\u00ednh tr\u1ecb, l\u1ea1m ph\u00e1t t\u00e1i di\u1ec5n v\u00e0 vi\u1ec7c l\u00e0m y\u1ebfu.<\/p>\n

<\/a>Gi\u00e1 d\u1ea7u t\u0103ng v\u1ecdt v\u00e0 PPI v\u01b0\u1ee3t qu\u00e1 mong \u0111\u1ee3i \u0111\u00e3 l\u00e0m n\u1ed5i b\u1eadt nguy c\u01a1 l\u1ea1m ph\u00e1t \u1edf M\u1ef9 ph\u1ee5c h\u1ed3i<\/strong><\/p>\n

K\u1ec3 t\u1eeb khi M\u1ef9 v\u00e0 Israel ti\u1ebfn h\u00e0nh cu\u1ed9c t\u1ea5n c\u00f4ng v\u00e0o Iran v\u00e0o cu\u1ed1i th\u00e1ng tr\u01b0\u1edbc, Iran v\u1ec1 c\u01a1 b\u1ea3n \u0111\u00e3 phong t\u1ecfa eo bi\u1ec3n Hormuz, n\u01a1i v\u1eadn chuy\u1ec3n 1\/5 l\u01b0\u1ee3ng d\u1ea7u c\u1ee7a th\u1ebf gi\u1edbi. Gi\u00e1 d\u1ea7u \u1edf M\u1ef9 \u0111\u00e3 t\u0103ng g\u1ea7n 50% trong th\u1eddi gian ng\u1eafn l\u00ean kho\u1ea3ng 95 USD\/th\u00f9ng, gi\u00e1 x\u0103ng v\u00e0 d\u1ea7u diesel t\u0103ng l\u00ean m\u1ee9c cao nh\u1ea5t trong hai nhi\u1ec7m k\u1ef3 c\u1ee7a Trump. D\u1eef li\u1ec7u n\u00e0y kh\u00f4ng t\u00ednh \u0111\u1ebfn t\u00e1c \u0111\u1ed9ng tr\u1ef1c ti\u1ebfp c\u1ee7a cu\u1ed9c chi\u1ebfn tranh Iran, c\u00f3 ngh\u0129a l\u00e0 l\u1ea1m ph\u00e1t c\u01a1 b\u1ea3n \u1edf M\u1ef9 \u0111\u00e3 n\u00f3ng l\u00ean tr\u01b0\u1edbc th\u1eddi h\u1ea1n. N\u1ebfu gi\u00e1 d\u1ea7u cao v\u1eabn ti\u1ebfp t\u1ee5c, l\u1ea1m ph\u00e1t c\u1ee7a M\u1ef9 s\u1ebd v\u1eabn cao h\u01a1n m\u1ee5c ti\u00eau 2% c\u1ee7a Fed v\u00e0 chu k\u1ef3 l\u1ea1m ph\u00e1t qu\u00e1 m\u1ee9c c\u00f3 th\u1ec3 k\u00e9o d\u00e0i \u0111\u1ebfn n\u0103m th\u1ee9 s\u00e1u. C\u00f9ng v\u1edbi hi\u1ec7u su\u1ea5t \u1ed5n \u0111\u1ecbnh c\u1ee7a CPI l\u00e0 2,4% so v\u1edbi c\u00f9ng k\u1ef3 trong th\u00e1ng 2 v\u00e0 PCE c\u1ed1t l\u00f5i l\u00e0 3,1% so v\u1edbi c\u00f9ng k\u1ef3 trong th\u00e1ng 1, \u00e1p l\u1ef1c l\u1ea1m ph\u00e1t \u1edf M\u1ef9 ph\u1ee5c h\u1ed3i \u0111\u00e3 tr\u1edf th\u00e0nh th\u00e1ch th\u1ee9c c\u1ed1t l\u00f5i \u0111\u1ed1i v\u1edbi C\u1ee5c D\u1ef1 tr\u1eef Li\u00ean bang.<\/p>\n

\"IMG_256\"<\/p>\n

Tr\u01b0\u1edbc khi t\u00e1c \u0111\u1ed9ng c\u1ee7a gi\u00e1 d\u1ea7u \u0111\u01b0\u1ee3c ph\u1ea3n \u00e1nh \u0111\u1ea7y \u0111\u1ee7, s\u1ed1 li\u1ec7u PPI c\u1ee7a M\u1ef9 trong th\u00e1ng 2 \u0111\u00e3 ho\u00e0n to\u00e0n v\u01b0\u1ee3t k\u1ef3 v\u1ecdng, ph\u00e1t \u0111i t\u00edn hi\u1ec7u l\u1ea1m ph\u00e1t gia t\u0103ng: PPI t\u1ed5ng th\u1ec3 t\u0103ng 0,7% so v\u1edbi th\u00e1ng tr\u01b0\u1edbc v\u00e0 3,4% so v\u1edbi c\u00f9ng k\u1ef3 n\u0103m tr\u01b0\u1edbc, m\u1ee9c t\u0103ng l\u1edbn nh\u1ea5t so v\u1edbi c\u00f9ng k\u1ef3 n\u0103m tr\u01b0\u1edbc k\u1ec3 t\u1eeb th\u00e1ng 2 n\u0103m 2025; PPI c\u1ed1t l\u00f5i t\u0103ng 0,5% so v\u1edbi th\u00e1ng tr\u01b0\u1edbc v\u00e0 3,9% so v\u1edbi c\u00f9ng k\u1ef3 n\u0103m tr\u01b0\u1edbc, t\u0103ng t\u1ed1c trong ba th\u00e1ng li\u00ean ti\u1ebfp. \u0110\u1ee3t t\u0103ng PPI n\u00e0y \u0111\u01b0\u1ee3c th\u00fac \u0111\u1ea9y b\u1edfi c\u1ea3 chi ph\u00ed h\u00e0ng h\u00f3a v\u00e0 d\u1ecbch v\u1ee5. Chi ph\u00ed d\u1ecbch v\u1ee5 t\u0103ng 0,5% so v\u1edbi th\u00e1ng tr\u01b0\u1edbc g\u00f3p ph\u1ea7n t\u1ea1o ra h\u01a1n m\u1ed9t n\u1eeda m\u1ee9c t\u0103ng. Gi\u00e1 th\u1ef1c ph\u1ea9m c\u00f3 m\u1ee9c t\u0103ng l\u1edbn nh\u1ea5t k\u1ec3 t\u1eeb gi\u1eefa n\u0103m 2021, v\u1edbi gi\u00e1 rau t\u01b0\u01a1i v\u00e0 kh\u00f4 t\u0103ng g\u1ea7n 49%.<\/p>\n

<\/a>C\u00e1c nh\u00e0 kinh t\u1ebf c\u1ea3nh b\u00e1o: Gi\u00e1 d\u1ea7u cao s\u1ebd k\u00ecm h\u00e3m t\u0103ng tr\u01b0\u1edfng v\u00e0 vi\u1ec7c c\u1eaft gi\u1ea3m l\u00e3i su\u1ea5t s\u1ebd b\u1ecb tr\u00ec ho\u00e3n \u0111\u00e1ng k\u1ec3<\/strong><\/p>\n

M\u1ed9t cu\u1ed9c kh\u1ea3o s\u00e1t v\u1edbi 47 nh\u00e0 kinh t\u1ebf h\u1ecdc thu\u1eadt do Financial Times v\u00e0 Trung t\u00e2m Th\u1ecb tr\u01b0\u1eddng To\u00e0n c\u1ea7u Clark t\u1ea1i \u0110\u1ea1i h\u1ecdc Chicago th\u1ef1c hi\u1ec7n cho th\u1ea5y gi\u00e1 d\u1ea7u cao s\u1ebd t\u00e1c \u0111\u1ed9ng \u0111\u00e1ng k\u1ec3 \u0111\u1ebfn n\u1ec1n kinh t\u1ebf M\u1ef9, l\u00e0m tr\u1ea7m tr\u1ecdng th\u00eam l\u1ea1m ph\u00e1t v\u00e0 c\u1ea3n tr\u1edf con \u0111\u01b0\u1eddng c\u1eaft gi\u1ea3m l\u00e3i su\u1ea5t.<\/p>\n

T\u0103ng tr\u01b0\u1edfng kinh t\u1ebf \u0111ang ch\u1ecbu \u00e1p l\u1ef1c: 68% c\u00e1c nh\u00e0 kinh t\u1ebf d\u1ef1 \u0111o\u00e1n r\u1eb1ng n\u1ebfu gi\u00e1 d\u1ea7u duy tr\u00ec \u1edf m\u1ee9c 100 USD\/th\u00f9ng trong th\u1eddi gian c\u00f2n l\u1ea1i c\u1ee7a n\u0103m 2026, t\u0103ng tr\u01b0\u1edfng GDP c\u1ee7a M\u1ef9 s\u1ebd gi\u1ea3m \u00edt nh\u1ea5t 0,25-0,5 \u0111i\u1ec3m ph\u1ea7n tr\u0103m; trong qu\u00fd 4 n\u0103m 2025, t\u1ed1c \u0111\u1ed9 t\u0103ng tr\u01b0\u1edfng h\u00e0ng n\u0103m c\u1ee7a n\u1ec1n kinh t\u1ebf M\u1ef9 \u0111\u00e3 gi\u1ea3m xu\u1ed1ng 0,7%, th\u1ea5p h\u01a1n nhi\u1ec1u so v\u1edbi gi\u00e1 tr\u1ecb 4,4% tr\u01b0\u1edbc \u0111\u00f3. Chuy\u00ean gia th\u1ecb tr\u01b0\u1eddng n\u0103ng l\u01b0\u1ee3ng Hamilton c\u1ea3nh b\u00e1o r\u1eb1ng n\u1ebfu l\u1ec7nh phong t\u1ecfa eo bi\u1ec3n Hormuz k\u00e9o d\u00e0i trong m\u1ed9t th\u00e1ng, k\u1ef3 v\u1ecdng t\u0103ng tr\u01b0\u1edfng c\u1ea3 n\u0103m c\u1ee7a M\u1ef9 s\u1ebd gi\u1ea3m \u0111\u00e1ng k\u1ec3. Quan \u0111i\u1ec3m n\u00e0y tr\u00e1i ng\u01b0\u1ee3c ho\u00e0n to\u00e0n v\u1edbi tuy\u00ean b\u1ed1 c\u1ee7a Nh\u00e0 Tr\u1eafng r\u1eb1ng \"t\u00e1c \u0111\u1ed9ng c\u1ee7a cu\u1ed9c xung \u0111\u1ed9t \u0111\u1ed1i v\u1edbi n\u1ec1n kinh t\u1ebf s\u1ebd b\u1ecb h\u1ea1n ch\u1ebf\".<\/p>\n

\"IMG_257\"<\/p>\n

L\u1ea1m ph\u00e1t ti\u1ebfp t\u1ee5c gia t\u0103ng: H\u01a1n 80% s\u1ed1 ng\u01b0\u1eddi \u0111\u01b0\u1ee3c h\u1ecfi cho r\u1eb1ng vi\u1ec7c duy tr\u00ec gi\u00e1 d\u1ea7u \u1edf m\u1ee9c 100 USD trong th\u1eddi gian d\u00e0i s\u1ebd \u0111\u1ea9y t\u1ef7 l\u1ec7 l\u1ea1m ph\u00e1t PCE chung t\u0103ng \u00edt nh\u1ea5t 0,25-0,5 \u0111i\u1ec3m ph\u1ea7n tr\u0103m v\u00e0o cu\u1ed1i n\u0103m; 60% nh\u00e0 kinh t\u1ebf k\u1ef3 v\u1ecdng l\u1ea1m ph\u00e1t c\u01a1 b\u1ea3n s\u1ebd kh\u00f4ng quay tr\u1edf l\u1ea1i m\u1ee5c ti\u00eau 2% cho \u0111\u1ebfn n\u1eeda \u0111\u1ea7u n\u0103m 2028, m\u1ee9c t\u0103ng \u0111\u00e1ng k\u1ec3 so v\u1edbi cu\u1ed9c kh\u1ea3o s\u00e1t th\u00e1ng 12 n\u0103m ngo\u00e1i.<\/p>\n

\u0110\u1ea3o ng\u01b0\u1ee3c k\u1ef3 v\u1ecdng c\u1eaft gi\u1ea3m l\u00e3i su\u1ea5t: Ban \u0111\u1ea7u th\u1ecb tr\u01b0\u1eddng k\u1ef3 v\u1ecdng C\u1ee5c D\u1ef1 tr\u1eef Li\u00ean bang s\u1ebd c\u1eaft gi\u1ea3m l\u00e3i su\u1ea5t, nh\u01b0ng gi\u1edd \u0111\u00e2y gi\u00e1 d\u1ea7u t\u0103ng cao \u0111\u00e3 ho\u00e3n \u0111\u1ee3t c\u1eaft gi\u1ea3m l\u00e3i su\u1ea5t ti\u1ebfp theo sang m\u00f9a xu\u00e2n n\u0103m 2027; kho\u1ea3ng 1\/3 s\u1ed1 ng\u01b0\u1eddi \u0111\u01b0\u1ee3c h\u1ecfi k\u1ef3 v\u1ecdng C\u1ee5c D\u1ef1 tr\u1eef Li\u00ean bang s\u1ebd kh\u00f4ng c\u1eaft gi\u1ea3m l\u00e3i su\u1ea5t trong su\u1ed1t n\u0103m 2026, t\u0103ng g\u1ea5p \u0111\u00f4i so v\u1edbi m\u1ee9c 15% v\u00e0o th\u00e1ng 12 n\u0103m ngo\u00e1i.<\/p>\n

<\/a>Fed v\u1eabn gi\u1eef nguy\u00ean k\u1ebf ho\u1ea1ch, b\u00e1m s\u00e1t k\u1ef3 v\u1ecdng c\u1eaft gi\u1ea3m l\u00e3i su\u1ea5t m\u1ed9t l\u1ea7n m\u1ed7i n\u0103m<\/strong><\/p>\n

T\u1ea1i ngh\u1ecb quy\u1ebft l\u00e3i su\u1ea5t th\u00e1ng 3, C\u1ee5c D\u1ef1 tr\u1eef Li\u00ean bang \u0111\u00e3 gi\u1eef nguy\u00ean ph\u1ea1m vi l\u00e3i su\u1ea5t chu\u1ea9n \u1edf m\u1ee9c **3,50%-3,75%** l\u1ea7n th\u1ee9 hai li\u00ean ti\u1ebfp. Tuy\u00ean b\u1ed1 ch\u00ednh s\u00e1ch ch\u1ec9 \u0111\u1ec1 c\u1eadp ng\u1eafn g\u1ecdn r\u1eb1ng \u201ct\u00e1c \u0111\u1ed9ng c\u1ee7a t\u00ecnh h\u00ecnh \u1edf Trung \u0110\u00f4ng v\u1eabn ch\u01b0a r\u00f5 r\u00e0ng\u201d. Tuy\u00ean b\u1ed1 t\u1ed5ng th\u1ec3 v\u1ec1 c\u01a1 b\u1ea3n nh\u1ea5t qu\u00e1n v\u1edbi tuy\u00ean b\u1ed1 t\u1ea1i cu\u1ed9c h\u1ecdp th\u00e1ng Gi\u00eang. Ngh\u1ecb quy\u1ebft n\u00e0y cho th\u1ea5y c\u00f3 s\u1ef1 kh\u00e1c bi\u1ec7t trong n\u1ed9i b\u1ed9 Fed. Th\u1ed1ng \u0111\u1ed1c Milan m\u1ed9t l\u1ea7n n\u1eefa b\u1ecf phi\u1ebfu ph\u1ea3n \u0111\u1ed1i v\u00e0 ch\u1ee7 tr\u01b0\u01a1ng c\u1eaft gi\u1ea3m l\u00e3i su\u1ea5t ngay l\u1eadp t\u1ee9c; t\u1ea5t c\u1ea3 c\u00e1c quan ch\u1ee9c \u0111\u1ec1u kh\u00f4ng tin r\u1eb1ng \u0111i\u1ec1u \u0111\u00f3 l\u00e0 c\u1ea7n thi\u1ebft tr\u01b0\u1edbc cu\u1ed1i n\u0103m 2026. Sau khi ngh\u1ecb quy\u1ebft \u0111\u01b0\u1ee3c c\u00f4ng b\u1ed1, m\u1ee9c gi\u1ea3m c\u1ee7a ch\u1ee9ng kho\u00e1n M\u1ef9 \u0111\u00e3 thu h\u1eb9p, \u0111\u1ed3ng th\u1eddi m\u1ee9c t\u0103ng c\u1ee7a \u0111\u1ed3ng \u0111\u00f4 la M\u1ef9 v\u00e0 l\u1ee3i su\u1ea5t tr\u00e1i phi\u1ebfu M\u1ef9 c\u0169ng gi\u1ea3m tr\u1edf l\u1ea1i. Th\u1ecb tr\u01b0\u1eddng ch\u1edd \u0111\u1ee3i cu\u1ed9c h\u1ecdp b\u00e1o c\u1ee7a Powell \u0111\u1ec3 l\u00e0m s\u00e1ng t\u1ecf th\u00eam nh\u1eefng nghi ng\u1edd.<\/p>\n

\"IMG_258\"<\/p>\n

\u0928\u0935\u0940\u0928\u0924\u092e \u0906\u0930\u094d\u0925\u093f\u0915 \u092a\u0942\u0930\u094d\u0935\u093e\u0928\u0941\u092e\u093e\u0928 \u092e\u0947\u0902, \u092b\u0947\u0921\u0930\u0932 \u0930\u093f\u091c\u0930\u094d\u0935 \u0928\u0947 2026 \u0915\u0947 \u0932\u093f\u090f \u0905\u092a\u0928\u093e \u092e\u0941\u0926\u094d\u0930\u093e\u0938\u094d\u092b\u0940\u0924\u093f \u092a\u0942\u0930\u094d\u0935\u093e\u0928\u0941\u092e\u093e\u0928 \u092c\u0922\u093c\u093e\u0915\u0930 2.7% (\u092a\u093f\u091b\u0932\u093e \u092e\u0942\u0932\u094d\u092f: 2.4%) \u0915\u0930 \u0926\u093f\u092f\u093e, \u091c\u094b \u092e\u0941\u0916\u094d\u092f \u0930\u0942\u092a \u0938\u0947 \u0924\u0947\u0932 \u0915\u0940 \u092c\u0922\u093c\u0924\u0940 \u0915\u0940\u092e\u0924\u094b\u0902 \u0915\u0947 \u092a\u094d\u0930\u092d\u093e\u0935 \u0915\u094b \u0926\u0930\u094d\u0936\u093e\u0924\u093e \u0939\u0948; \u0907\u0938\u0928\u0947 \u0905\u092a\u0928\u0947 \u0906\u0930\u094d\u0925\u093f\u0915 \u0935\u093f\u0915\u093e\u0938 \u092a\u0942\u0930\u094d\u0935\u093e\u0928\u0941\u092e\u093e\u0928 \u0915\u094b \u0925\u094b\u0921\u093c\u093e \u092c\u0922\u093c\u093e\u0915\u0930 2.4% (\u092a\u093f\u091b\u0932\u093e \u092e\u0942\u0932\u094d\u092f: 2.3%) \u0915\u0930 \u0926\u093f\u092f\u093e, \u0914\u0930 \u092c\u0947\u0930\u094b\u091c\u0917\u093e\u0930\u0940 \u0926\u0930 \u0915\u093e \u092a\u0942\u0930\u094d\u0935\u093e\u0928\u0941\u092e\u093e\u0928 4.4% \u092a\u0930 \u0905\u092a\u0930\u093f\u0935\u0930\u094d\u0924\u093f\u0924 \u0930\u0939\u093e\u0964 \u092e\u0941\u0926\u094d\u0930\u093e\u0938\u094d\u092b\u0940\u0924\u093f \u0915\u0947 \u092c\u0922\u093c\u0924\u0947 \u0926\u092c\u093e\u0935 \u0915\u0947 \u092c\u093e\u0935\u091c\u0942\u0926, \u092b\u0947\u0921\u0930\u0932 \u0930\u093f\u091c\u0930\u094d\u0935 \u0905\u092d\u0940 \u092d\u0940 2026 \u0914\u0930 2027 \u092e\u0947\u0902 \u090f\u0915 \u092c\u093e\u0930 \u092c\u094d\u092f\u093e\u091c \u0926\u0930\u094b\u0902 \u092e\u0947\u0902 \u0915\u091f\u094c\u0924\u0940 \u0915\u0947 \u0930\u093e\u0938\u094d\u0924\u0947 \u092a\u0930 \u0915\u093e\u092f\u092e \u0939\u0948\u0964 \u0907\u0938 \u0938\u093e\u0932 \u0909\u0938\u0928\u0947 \u092c\u094d\u092f\u093e\u091c \u0926\u0930\u094b\u0902 \u092e\u0947\u0902 \u0915\u0947\u0935\u0932 25 \u0906\u0927\u093e\u0930 \u0905\u0902\u0915\u094b\u0902 \u0915\u0940 \u0915\u091f\u094c\u0924\u0940 \u0915\u0940 \u0914\u0930 \u0915\u093f\u0938\u0940 \u0935\u093f\u0936\u093f\u0937\u094d\u091f \u0938\u092e\u092f \u0915\u0940 \u0918\u094b\u0937\u0923\u093e \u0928\u0939\u0940\u0902 \u0915\u0940, \u091c\u094b \u091f\u094d\u0930\u092e\u094d\u092a \u092a\u094d\u0930\u0936\u093e\u0938\u0928 \u0915\u0940 \u092e\u0939\u0924\u094d\u0935\u092a\u0942\u0930\u094d\u0923 \u092c\u094d\u092f\u093e\u091c \u0926\u0930 \u092e\u0947\u0902 \u0915\u091f\u094c\u0924\u0940 \u0915\u0940 \u092e\u093e\u0902\u0917 \u0915\u0947 \u0935\u093f\u092a\u0930\u0940\u0924 \u0939\u0948\u0964<\/p>\n

<\/a>T\u00ecnh th\u1ebf ti\u1ebfn tho\u00e1i l\u01b0\u1ee1ng nan v\u1ec1 ch\u00ednh s\u00e1ch ng\u00e0y c\u00e0ng gia t\u0103ng: l\u1ea1m ph\u00e1t, vi\u1ec7c l\u00e0m v\u00e0 r\u1ee7i ro \u0111\u1ecba ch\u00ednh tr\u1ecb \u0111an xen<\/strong><\/p>\n

C\u1ee5c D\u1ef1 tr\u1eef Li\u00ean bang hi\u1ec7n ph\u1ea3i \u0111\u1ed1i m\u1eb7t v\u1edbi ba h\u1ea1n ch\u1ebf: Th\u1ee9 nh\u1ea5t, gi\u00e1 d\u1ea7u c\u1ed9ng h\u01b0\u1edfng v\u1edbi l\u1ea1m ph\u00e1t b\u00e1n bu\u00f4n v\u00e0 nguy c\u01a1 l\u1ea1m ph\u00e1t ph\u1ee5c h\u1ed3i bu\u1ed9c ng\u00e2n h\u00e0ng trung \u01b0\u01a1ng ph\u1ea3i duy tr\u00ec l\u1eadp tr\u01b0\u1eddng di\u1ec1u h\u00e2u; th\u1ee9 hai, Hoa K\u1ef3 m\u1ea5t 92.000 vi\u1ec7c l\u00e0m trong th\u00e1ng 2, t\u00ecnh tr\u1ea1ng sa th\u1ea3i c\u00f4ng ty xu\u1ea5t hi\u1ec7n v\u00e0 chi ph\u00ed \u0111i vay cao \u0111\u00e3 k\u00ecm h\u00e3m n\u1ec1n kinh t\u1ebf; th\u1ee9 ba, tri\u1ec3n v\u1ecdng xung \u0111\u1ed9t \u0111\u1ecba ch\u00ednh tr\u1ecb \u1edf Trung \u0110\u00f4ng l\u00e0 kh\u00f4ng r\u00f5 r\u00e0ng v\u00e0 c\u00e1c c\u00fa s\u1ed1c v\u1ec1 ngu\u1ed3n cung n\u0103ng l\u01b0\u1ee3ng l\u00e0 r\u1ea5t kh\u00f4ng ch\u1eafc ch\u1eafn. L\u1ea7n n\u00e0y, Fed ch\u1ecdn c\u00e1ch \u201cb\u1ecf qua nh\u1eefng c\u00fa s\u1ed1c d\u1ea7u ng\u1eafn h\u1ea1n\u201d v\u00e0 \u0111i theo con \u0111\u01b0\u1eddng c\u1eaft gi\u1ea3m l\u00e3i su\u1ea5t d\u1ea7n d\u1ea7n, c\u1ed1 g\u1eafng c\u00e2n b\u1eb1ng gi\u1eefa ch\u1ed1ng l\u1ea1m ph\u00e1t v\u00e0 \u1ed5n \u0111\u1ecbnh t\u0103ng tr\u01b0\u1edfng. Tuy nhi\u00ean, khi gi\u00e1 d\u1ea7u v\u01b0\u1ee3t qu\u00e1 108 USD\/th\u00f9ng, n\u1ebfu xung \u0111\u1ed9t \u0111\u1ecba ch\u00ednh tr\u1ecb ti\u1ebfp t\u1ee5c leo thang, c\u00e1c d\u1ef1 \u0111o\u00e1n ch\u00ednh s\u00e1ch c\u1ee7a C\u1ee5c D\u1ef1 tr\u1eef Li\u00ean bang c\u00f3 th\u1ec3 ph\u1ea3i \u0111i\u1ec1u ch\u1ec9nh, \u0111\u1ed3ng th\u1eddi s\u1ef1 bi\u1ebfn \u0111\u1ed9ng v\u00e0 b\u1ea5t \u1ed5n tr\u00ean th\u1ecb tr\u01b0\u1eddng t\u00e0i ch\u00ednh to\u00e0n c\u1ea7u s\u1ebd t\u0103ng th\u00eam.<\/p>","protected":false},"excerpt":{"rendered":"

Chi\u1ebfn tranh Iran khi\u1ebfn gi\u00e1 d\u1ea7u t\u0103ng v\u1ecdt g\u1ea7n 50% l\u00ean 95 USD\/th\u00f9ng. C\u00f9ng v\u1edbi vi\u1ec7c PPI c\u1ee7a th\u00e1ng 2 v\u01b0\u1ee3t qu\u00e1 mong \u0111\u1ee3i, \u00e1p l\u1ef1c v\u1ec1 s\u1ef1 ph\u1ee5c h\u1ed3i c\u1ee7a l\u1ea1m ph\u00e1t \u1edf M\u1ef9 ng\u00e0y c\u00e0ng gia t\u0103ng. C\u1ee5c D\u1ef1 tr\u1eef Li\u00ean bang gi\u1eef nguy\u00ean l\u00e3i su\u1ea5t \u1edf m\u1ee9c 3,50%-3,75% trong th\u00e1ng 3, n\u00e2ng d\u1ef1 b\u00e1o l\u1ea1m ph\u00e1t n\u0103m 2026 l\u00ean 2,7% v\u00e0 v\u1eabn tu\u00e2n th\u1ee7 l\u1ed9 tr\u00ecnh c\u1eaft gi\u1ea3m l\u00e3i su\u1ea5t m\u1ed9t l\u1ea7n trong n\u0103m. 68% nh\u00e0 kinh t\u1ebf d\u1ef1 \u0111o\u00e1n gi\u00e1 d\u1ea7u cao s\u1ebd k\u00e9o t\u0103ng tr\u01b0\u1edfng GDP gi\u1ea3m 0,25-0,5 \u0111i\u1ec3m ph\u1ea7n tr\u0103m v\u00e0 vi\u1ec7c c\u1eaft gi\u1ea3m l\u00e3i su\u1ea5t d\u1ef1 ki\u1ebfn \u200b\u200bs\u1ebd b\u1ecb ho\u00e3n l\u1ea1i \u0111\u1ebfn m\u00f9a xu\u00e2n n\u0103m 2027.<\/p>","protected":false},"author":1,"featured_media":9294,"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":[745,744,445],"class_list":["post-9289","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-financial-news","tag-ppi","tag-744","tag-445"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.kpai1.cn\/vi\/wp-json\/wp\/v2\/posts\/9289","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=9289"}],"version-history":[{"count":2,"href":"https:\/\/www.kpai1.cn\/vi\/wp-json\/wp\/v2\/posts\/9289\/revisions"}],"predecessor-version":[{"id":9300,"href":"https:\/\/www.kpai1.cn\/vi\/wp-json\/wp\/v2\/posts\/9289\/revisions\/9300"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.kpai1.cn\/vi\/wp-json\/wp\/v2\/media\/9294"}],"wp:attachment":[{"href":"https:\/\/www.kpai1.cn\/vi\/wp-json\/wp\/v2\/media?parent=9289"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.kpai1.cn\/vi\/wp-json\/wp\/v2\/categories?post=9289"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.kpai1.cn\/vi\/wp-json\/wp\/v2\/tags?post=9289"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}