{"id":15574,"date":"2026-05-20T10:08:55","date_gmt":"2026-05-20T03:08:55","guid":{"rendered":"https:\/\/taichinhphowall.com\/index.php\/2026\/05\/20\/tang-lai-suat-fed-va-nhung-du-bao-tu-gioi-giao-dich\/"},"modified":"2026-05-20T10:08:55","modified_gmt":"2026-05-20T03:08:55","slug":"tang-lai-suat-fed-va-nhung-du-bao-tu-gioi-giao-dich","status":"publish","type":"post","link":"https:\/\/taichinhphowall.com\/index.php\/2026\/05\/20\/tang-lai-suat-fed-va-nhung-du-bao-tu-gioi-giao-dich\/","title":{"rendered":"T\u0103ng l\u00e3i su\u1ea5t Fed v\u00e0 nh\u1eefng d\u1ef1 b\u00e1o t\u1eeb gi\u1edbi giao d\u1ecbch"},"content":{"rendered":"
\n

T\u0103ng l\u00e3i su\u1ea5t Fed \u0111ang tr\u1edf th\u00e0nh ch\u1ee7 \u0111\u1ec1 t\u00e2m \u0111i\u1ec3m khi c\u00e1c nh\u00e0 giao d\u1ecbch tr\u00ean n\u1ec1n t\u1ea3ng d\u1ef1 b\u00e1o Kalshi b\u1eaft \u0111\u1ea7u nghi\u00eang v\u1ec1 kh\u1ea3 n\u0103ng c\u01a1 quan n\u00e0y s\u1ebd \u0111\u1ea3o chi\u1ec1u ch\u00ednh s\u00e1ch trong t\u01b0\u01a1ng lai g\u1ea7n. D\u00f9 tr\u01b0\u1edbc \u0111\u00f3, k\u1ef3 v\u1ecdng v\u1ec1 vi\u1ec7c c\u1eaft gi\u1ea3m l\u00e3i su\u1ea5t t\u1eebng l\u00e0 \u0111\u1ed9ng l\u1ef1c ch\u00ednh trong c\u00e1c k\u1ebf ho\u1ea1ch b\u1ed5 nhi\u1ec7m nh\u00e2n s\u1ef1 c\u1ea5p cao t\u1ea1i C\u1ee5c D\u1ef1 tr\u1eef Li\u00ean bang, th\u1ef1c t\u1ebf th\u1ecb tr\u01b0\u1eddng hi\u1ec7n t\u1ea1i \u0111\u00e3 v\u1ebd n\u00ean m\u1ed9t b\u1ee9c tranh ho\u00e0n to\u00e0n kh\u00e1c. Nh\u1eefng bi\u1ebfn \u0111\u1ed9ng t\u1eeb l\u1ee3i su\u1ea5t tr\u00e1i phi\u1ebfu ch\u00ednh ph\u1ee7 M\u1ef9 c\u00f9ng c\u00e1c \u00e1p l\u1ef1c l\u1ea1m ph\u00e1t dai d\u1eb3ng \u0111ang bu\u1ed9c th\u1ecb tr\u01b0\u1eddng ph\u1ea3i \u0111\u1ecbnh h\u00ecnh l\u1ea1i k\u1ecbch b\u1ea3n cho l\u1ed9 tr\u00ecnh \u0111i\u1ec1u h\u00e0nh ch\u00ednh s\u00e1ch ti\u1ec1n t\u1ec7 trong th\u1eddi gian t\u1edbi.<\/p>\n

\n \"T\u0103ng
\u1ea2nh t\u1eeb ngu\u1ed3n: cnbc.com<\/em><\/figcaption><\/figure>\n

B\u1ea3n ch\u1ea5t t\u1eeb xu h\u01b0\u1edbng t\u0103ng l\u00e3i su\u1ea5t Fed tr\u00ean th\u1ecb tr\u01b0\u1eddng d\u1ef1 b\u00e1o<\/h2>\n

Hi\u1ec7n nay, nh\u1eefng ng\u01b0\u1eddi tham gia giao d\u1ecbch \u0111ang \u0111\u1eb7t c\u01b0\u1ee3c v\u00e0o kh\u1ea3 n\u0103ng t\u0103ng l\u00e3i su\u1ea5t Fed v\u1edbi x\u00e1c su\u1ea5t l\u00ean \u0111\u1ebfn 64% cho c\u1ed9t m\u1ed1c th\u00e1ng 7 n\u0103m 2027. \u0110\u00e1ng ch\u00fa \u00fd, ngay trong n\u0103m nay, x\u00e1c su\u1ea5t \u0111\u1ec3 ch\u00ednh s\u00e1ch ti\u1ec1n t\u1ec7 th\u1eaft ch\u1eb7t h\u01a1n c\u0169ng \u0111\u00e3 ch\u1ea1m m\u1ee9c 43%. S\u1ef1 d\u1ecbch chuy\u1ec3n n\u00e0y ph\u1ea3n \u00e1nh m\u1ed9t ph\u1ea3n \u1ee9ng t\u1ee9c th\u1eddi tr\u01b0\u1edbc \u0111\u00e0 t\u0103ng c\u1ee7a l\u1ee3i su\u1ea5t tr\u00e1i phi\u1ebfu Kho b\u1ea1c M\u1ef9 v\u00e0 nh\u1eefng lo ng\u1ea1i kh\u00f4ng d\u1ee9t v\u1ec1 \u00e1p l\u1ef1c l\u1ea1m ph\u00e1t. Trong b\u1ed1i c\u1ea3nh gi\u00e1 n\u0103ng l\u01b0\u1ee3ng ch\u01b0a c\u00f3 d\u1ea5u hi\u1ec7u h\u1ea1 nhi\u1ec7t do c\u00e1c xung \u0111\u1ed9t \u0111\u1ecba ch\u00ednh tr\u1ecb k\u00e9o d\u00e0i, c\u00e1c k\u1ef3 v\u1ecdng v\u1ec1 ch\u00ednh s\u00e1ch n\u1edbi l\u1ecfng m\u00e0 gi\u1edbi \u0111\u1ea7u t\u01b0 t\u1eebng k\u1ef3 v\u1ecdng \u0111\u00e3 d\u1ea7n b\u1ecb lung lay. \u0110i\u1ec1u n\u00e0y c\u00e0ng tr\u1edf n\u00ean r\u00f5 n\u00e9t khi \u00f4ng Kevin Warsh chu\u1ea9n b\u1ecb \u0111\u1ea3m nh\u1eadn v\u1ecb tr\u00ed Ch\u1ee7 t\u1ecbch Fed thay th\u1ebf \u00f4ng Jerome Powell, m\u1edf ra m\u1ed9t ch\u01b0\u01a1ng m\u1edbi \u0111\u1ea7y th\u1eed th\u00e1ch trong c\u00f4ng t\u00e1c \u0111i\u1ec1u h\u00e0nh v\u0129 m\u00f4, nh\u01b0 \u0111\u00e3 \u0111\u01b0\u1ee3c \u0111\u1ec1 c\u1eadp trong b\u00e0i vi\u1ebft v\u1ec1 \u00f4ng Kevin Warsh v\u00e0 tr\u1ecdng tr\u00e1ch t\u1ea1i Fed trong th\u1eddi \u0111i\u1ec3m \u0111\u1ea7y bi\u1ebfn \u0111\u1ed9ng<\/a>.<\/p>\n

S\u1ee9c \u00e9p t\u1eeb th\u1ecb tr\u01b0\u1eddng tr\u00e1i phi\u1ebfu l\u00ean ch\u00ednh s\u00e1ch ti\u1ec1n t\u1ec7<\/h2>\n

Th\u1ef1c t\u1ebf cho th\u1ea5y m\u1ed9t ngh\u1ecbch l\u00fd l\u00e0 trong khi c\u00e1c cam k\u1ebft v\u1ec1 c\u1eaft gi\u1ea3m l\u00e3i su\u1ea5t t\u1eebng \u0111\u01b0\u1ee3c k\u1ef3 v\u1ecdng m\u1ea1nh m\u1ebd, th\u00ec c\u00e1c d\u1eef li\u1ec7u kinh t\u1ebf th\u1ef1c t\u1ebf l\u1ea1i cho th\u1ea5y m\u1ed9t b\u1ee9c tranh ng\u01b0\u1ee3c l\u1ea1i. Th\u1ecb tr\u01b0\u1eddng lao \u0111\u1ed9ng duy tr\u00ec s\u1ef1 m\u1ea1nh m\u1ebd ngo\u00e0i mong \u0111\u1ee3i, k\u1ebft h\u1ee3p v\u1edbi ch\u1ec9 s\u1ed1 l\u1ea1m ph\u00e1t leo thang \u0111\u00e3 l\u00e0m thay \u0111\u1ed5i ho\u00e0n to\u00e0n quan \u0111i\u1ec3m c\u1ee7a c\u00e1c nh\u00e0 kinh t\u1ebf. T\u1ea1i cu\u1ed9c h\u1ecdp g\u1ea7n nh\u1ea5t c\u1ee7a \u1ee6y ban Th\u1ecb tr\u01b0\u1eddng M\u1edf Li\u00ean bang (FOMC), c\u00e1c th\u00e0nh vi\u00ean \u0111\u00e3 b\u00e0y t\u1ecf s\u1ef1 th\u1eadn tr\u1ecdng, kh\u00f4ng \u0111\u1ec3 l\u1ed9 b\u1ea5t k\u1ef3 t\u00edn hi\u1ec7u n\u00e0o v\u1ec1 vi\u1ec7c n\u1edbi l\u1ecfng ch\u00ednh s\u00e1ch trong t\u01b0\u01a1ng lai. S\u1ef1 th\u1eadn tr\u1ecdng n\u00e0y kh\u00f4ng ch\u1ec9 xu\u1ea5t ph\u00e1t t\u1eeb c\u00e1c s\u1ed1 li\u1ec7u n\u1ed9i b\u1ed9 m\u00e0 c\u00f2n \u0111\u1ebfn t\u1eeb s\u1ee9c \u00e9p b\u00ean ngo\u00e0i. Vi\u1ec7c l\u1ee3i su\u1ea5t tr\u00e1i phi\u1ebfu k\u1ef3 h\u1ea1n 30 n\u0103m c\u1ee7a M\u1ef9 leo l\u00ean m\u1ee9c cao nh\u1ea5t k\u1ec3 t\u1eeb n\u0103m 2007 \u0111\u00e3 tr\u1edf th\u00e0nh h\u1ed3i chu\u00f4ng c\u1ea3nh b\u00e1o khi\u1ebfn c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 ph\u1ea3i \u0111\u00e1nh gi\u00e1 l\u1ea1i to\u00e0n b\u1ed9 chi\u1ebfn l\u01b0\u1ee3c.<\/p>\n

T\u0103ng l\u00e3i su\u1ea5t Fed v\u00e0 vai tr\u00f2 c\u1ee7a c\u00e1c nh\u00e0 gi\u00e1m s\u00e1t th\u1ecb tr\u01b0\u1eddng tr\u00e1i phi\u1ebfu<\/h3>\n

Chuy\u00ean gia Ed Yardeni, ng\u01b0\u1eddi \u0111\u1ee9ng \u0111\u1ea7u Yardeni Research, \u0111\u00e3 \u0111\u01b0a ra g\u00f3c nh\u00ecn s\u1eafc s\u1ea3o v\u1ec1 vi\u1ec7c ai m\u1edbi th\u1ef1c s\u1ef1 l\u00e0 ng\u01b0\u1eddi c\u1ea7m l\u00e1i trong ch\u00ednh s\u00e1ch ti\u1ec1n t\u1ec7. \u00d4ng cho r\u1eb1ng c\u00e1c nh\u00e0 gi\u00e1m s\u00e1t tr\u00e1i phi\u1ebfu (Bond Vigilantes) \u0111ang th\u1ec3 hi\u1ec7n quy\u1ec1n l\u1ef1c \u00e1p \u0111\u1ea3o l\u00ean \u0111\u1ecbnh h\u01b0\u1edbng ch\u00ednh s\u00e1ch, c\u00f3 kh\u1ea3 n\u0103ng v\u01b0\u1ee3t xa c\u1ea3 t\u1ea7m \u1ea3nh h\u01b0\u1edfng c\u1ee7a t\u00e2n Ch\u1ee7 t\u1ecbch Fed. Theo quan \u0111i\u1ec3m n\u00e0y, th\u1ecb tr\u01b0\u1eddng tr\u00e1i phi\u1ebfu \u0111ang truy\u1ec1n \u0111i th\u00f4ng \u0111i\u1ec7p v\u1ec1 l\u1ea1m ph\u00e1t dai d\u1eb3ng, bu\u1ed9c ch\u00ednh quy\u1ec1n ph\u1ea3i t\u00ecm ki\u1ebfm c\u00e1c gi\u1ea3i ph\u00e1p th\u1ef1c t\u1ebf h\u01a1n \u0111\u1ec3 \u1ed5n \u0111\u1ecbnh n\u1ec1n kinh t\u1ebf. Nh\u00ecn nh\u1eadn s\u1ef1 vi\u1ec7c n\u00e0y d\u01b0\u1edbi g\u00f3c \u0111\u1ed9 r\u1ed9ng h\u01a1n, vi\u1ec7c \u0111i\u1ec1u h\u00e0nh ch\u00ednh s\u00e1ch kh\u00f4ng c\u00f2n l\u00e0 c\u00e2u chuy\u1ec7n ri\u00eang bi\u1ec7t c\u1ee7a c\u00e1c quy\u1ebft \u0111\u1ecbnh l\u00e3i su\u1ea5t, m\u00e0 l\u00e0 k\u1ebft qu\u1ea3 c\u1ee7a s\u1ef1 t\u01b0\u01a1ng t\u00e1c ph\u1ee9c t\u1ea1p gi\u1eefa c\u00e1c b\u00ean tr\u00ean b\u00e0n c\u1edd t\u00e0i ch\u00ednh, t\u01b0\u01a1ng t\u1ef1 nh\u01b0 nh\u1eefng ph\u00e2n t\u00edch v\u1ec1 c\u00e1c t\u00e1c \u0111\u1ed9ng x\u00e3 h\u1ed9i v\u00e0 ph\u00e1p l\u00fd trong b\u00e0i vi\u1ebft v\u1ec1 quy\u1ec1n b\u1ea7u c\u1eed c\u1ee7a ng\u01b0\u1eddi b\u1ea3n \u0111\u1ecba v\u00e0 quy\u1ebft \u0111\u1ecbnh c\u1ee7a T\u00f2a \u00e1n T\u1ed1i cao<\/a>.<\/p>\n

S\u1ef1 c\u1ed9ng h\u01b0\u1edfng c\u1ee7a c\u00e1c y\u1ebfu t\u1ed1 v\u0129 m\u00f4 v\u00e0 k\u1ef3 v\u1ecdng c\u1ee7a gi\u1edbi giao d\u1ecbch<\/h3>\n

Kh\u00f4ng ch\u1ec9 d\u1eebng l\u1ea1i \u1edf c\u00e1c con s\u1ed1 th\u1ed1ng k\u00ea, nh\u1eefng \u0111\u1ed9ng th\u00e1i li\u00ean quan \u0111\u1ebfn vi\u1ec7c t\u0103ng l\u00e3i su\u1ea5t Fed c\u00f2n ch\u1ecbu t\u00e1c \u0111\u1ed9ng t\u1eeb nh\u1eefng k\u1ef3 v\u1ecdng v\u1ec1 \u1ed5n \u0111\u1ecbnh ch\u00ednh tr\u1ecb. M\u1ed9t s\u1ed1 chi\u1ebfn l\u01b0\u1ee3c gia tin r\u1eb1ng ch\u00ednh \u00e1p l\u1ef1c t\u1eeb th\u1ecb tr\u01b0\u1eddng tr\u00e1i phi\u1ebfu c\u00f3 th\u1ec3 l\u00e0 nh\u00e2n t\u1ed1 th\u00fac \u0111\u1ea9y vi\u1ec7c gi\u1ea3i quy\u1ebft c\u00e1c xung \u0111\u1ed9t t\u1ea1i khu v\u1ef1c Trung \u0110\u00f4ng, t\u1eeb \u0111\u00f3 l\u00e0m gi\u1ea3m b\u1edbt \u00e1p l\u1ef1c l\u1ea1m ph\u00e1t \u0111ang \u0111\u00e8 n\u1eb7ng l\u00ean n\u1ec1n kinh t\u1ebf. Trong khi gi\u1edbi quan s\u00e1t v\u1eabn \u0111ang theo d\u00f5i s\u00e1t sao t\u1eebng b\u01b0\u1edbc \u0111i c\u1ee7a t\u00e2n Ch\u1ee7 t\u1ecbch Warsh, th\u1ecb tr\u01b0\u1eddng c\u0169ng \u0111\u00e3 b\u1eaft \u0111\u1ea7u t\u00ednh \u0111\u1ebfn c\u00e1c k\u1ecbch b\u1ea3n d\u00e0i h\u1ea1n h\u01a1n, nh\u01b0 x\u00e1c su\u1ea5t t\u0103ng l\u00e3i su\u1ea5t trong n\u0103m 2026 hi\u1ec7n \u0111ang \u1edf m\u1ee9c 35% tr\u00ean Polymarket. C\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 hi\u1ec7n \u0111ang \u1edf trong tr\u1ea1ng th\u00e1i th\u1eadn tr\u1ecdng cao \u0111\u1ed9, \u0111\u1eb7c bi\u1ec7t l\u00e0 sau nh\u1eefng t\u00edn hi\u1ec7u t\u1eeb th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n, v\u1ed1n \u0111\u00e3 \u0111\u01b0\u1ee3c b\u00e0n lu\u1eadn k\u1ef9 l\u01b0\u1ee1ng trong b\u00e0i vi\u1ebft v\u1ec1 giao d\u1ecbch ch\u1ee9ng kho\u00e1n ng\u00e0y 19\/05: nh\u1eefng t\u00edn hi\u1ec7u c\u1ea7n l\u01b0u \u00fd<\/a>.<\/p>\n

B\u00e0i vi\u1ebft \u0111\u00e3 \u0111\u01b0\u1ee3c bi\u00ean t\u1eadp l\u1ea1i t\u1eeb ngu\u1ed3n: cnbc.com<\/em><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

T\u0103ng l\u00e3i su\u1ea5t Fed \u0111ang tr\u1edf th\u00e0nh ch\u1ee7 \u0111\u1ec1 t\u00e2m \u0111i\u1ec3m khi c\u00e1c nh\u00e0 giao d\u1ecbch tr\u00ean n\u1ec1n t\u1ea3ng d\u1ef1 b\u00e1o Kalshi b\u1eaft \u0111\u1ea7u nghi\u00eang v\u1ec1 kh\u1ea3 n\u0103ng c\u01a1 quan n\u00e0y s\u1ebd \u0111\u1ea3o chi\u1ec1u ch\u00ednh s\u00e1ch trong t\u01b0\u01a1ng lai g\u1ea7n. D\u00f9 tr\u01b0\u1edbc \u0111\u00f3, k\u1ef3 v\u1ecdng v\u1ec1 vi\u1ec7c c\u1eaft gi\u1ea3m l\u00e3i su\u1ea5t t\u1eebng l\u00e0 \u0111\u1ed9ng l\u1ef1c […]<\/p>\n","protected":false},"author":1,"featured_media":15572,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[41],"tags":[],"class_list":["post-15574","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-tin-tuc-fed"],"_links":{"self":[{"href":"https:\/\/taichinhphowall.com\/index.php\/wp-json\/wp\/v2\/posts\/15574","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/taichinhphowall.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/taichinhphowall.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/taichinhphowall.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/taichinhphowall.com\/index.php\/wp-json\/wp\/v2\/comments?post=15574"}],"version-history":[{"count":0,"href":"https:\/\/taichinhphowall.com\/index.php\/wp-json\/wp\/v2\/posts\/15574\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/taichinhphowall.com\/index.php\/wp-json\/wp\/v2\/media\/15572"}],"wp:attachment":[{"href":"https:\/\/taichinhphowall.com\/index.php\/wp-json\/wp\/v2\/media?parent=15574"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/taichinhphowall.com\/index.php\/wp-json\/wp\/v2\/categories?post=15574"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/taichinhphowall.com\/index.php\/wp-json\/wp\/v2\/tags?post=15574"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}