{"id":2735,"date":"2026-04-07T00:00:14","date_gmt":"2026-04-06T17:00:14","guid":{"rendered":"https:\/\/taichinhphowall.com\/index.php\/2026\/04\/07\/citrini-research-canh-bao-gia-dau-neo-cao-se-kim-ham-thi-truong-chung-ke-ca-khi-fed-cat-giam-lai-suat\/"},"modified":"2026-04-07T00:00:14","modified_gmt":"2026-04-06T17:00:14","slug":"citrini-research-canh-bao-gia-dau-neo-cao-se-kim-ham-thi-truong-chung-ke-ca-khi-fed-cat-giam-lai-suat","status":"publish","type":"post","link":"https:\/\/taichinhphowall.com\/index.php\/2026\/04\/07\/citrini-research-canh-bao-gia-dau-neo-cao-se-kim-ham-thi-truong-chung-ke-ca-khi-fed-cat-giam-lai-suat\/","title":{"rendered":"Citrini Research C\u1ea3nh B\u00e1o: Gi\u00e1 D\u1ea7u Neo Cao S\u1ebd K\u00ecm H\u00e3m Th\u1ecb Tr\u01b0\u1eddng Chung, K\u1ec3 C\u1ea3 Khi FED C\u1eaft Gi\u1ea3m L\u00e3i Su\u1ea5t"},"content":{"rendered":"
\n

Citrini Research, c\u00f4ng ty nghi\u00ean c\u1ee9u t\u1eebng g\u00e2y ch\u1ea5n \u0111\u1ed9ng th\u1ecb tr\u01b0\u1eddng \u0111\u1ea7u n\u0103m nay v\u1edbi nh\u1eadn \u0111\u1ecbnh bi quan v\u1ec1 tr\u00ed tu\u1ec7 nh\u00e2n t\u1ea1o, l\u1ea1i ti\u1ebfp t\u1ee5c \u0111\u01b0a ra m\u1ed9t c\u1ea3nh b\u00e1o kh\u00e1c. L\u1ea7n n\u00e0y, h\u1ecd l\u1eadp lu\u1eadn r\u1eb1ng m\u1ed9t s\u1ef1 suy gi\u1ea3m kinh t\u1ebf do gi\u00e1 d\u1ea7u cao c\u00f3 th\u1ec3 \u0111\u1ea9y th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n to\u00e0n c\u1ea7u xu\u1ed1ng th\u1ea5p h\u01a1n, b\u1ea5t ch\u1ea5p kh\u1ea3 n\u0103ng C\u1ee5c D\u1ef1 tr\u1eef Li\u00ean bang (FED) xoay tr\u1ee5c ch\u00ednh s\u00e1ch ti\u1ec1n t\u1ec7.<\/p>\n

\"tin<\/p>\n

James van Geelen, ng\u01b0\u1eddi s\u00e1ng l\u1eadp Citrini Research, ch\u1ec9 ra r\u1eb1ng gi\u00e1 n\u0103ng l\u01b0\u1ee3ng cao dai d\u1eb3ng c\u00f3 nguy c\u01a1 \u0111\u00e8 n\u1eb7ng l\u00ean ng\u01b0\u1eddi ti\u00eau d\u00f9ng v\u00e0 l\u1ee3i nhu\u1eadn doanh nghi\u1ec7p, t\u1ea1o ra b\u1ed1i c\u1ea3nh m\u00e0 \u1edf \u0111\u00f3, c\u00e1c c\u1ed5 phi\u1ebfu s\u1ebd g\u1eb7p kh\u00f3 kh\u0103n ngay c\u1ea3 khi FED cu\u1ed1i c\u00f9ng ph\u1ea3i c\u1eaft gi\u1ea3m l\u00e3i su\u1ea5t. \u00d4ng nh\u1ea5n m\u1ea1nh, c\u00e1c c\u0103ng th\u1eb3ng \u0111\u1ecba ch\u00ednh tr\u1ecb l\u00e0 \u0111\u1ed9ng l\u1ef1c ch\u00ednh c\u1ee7a s\u1ee9c m\u1ea1nh gi\u00e1 d\u1ea7u b\u1ec1n v\u1eefng.<\/p>\n

Th\u1ecb tr\u01b0\u1eddng \u0111\u00e3 c\u00f3 l\u00fac ph\u1ee5c h\u1ed3i nh\u1eb9 sau c\u00e1c b\u00e1o c\u00e1o cho th\u1ea5y M\u1ef9 \u0111\u00e3 \u0111\u01b0a ra m\u1ed9t k\u1ebf ho\u1ea1ch h\u00f2a b\u00ecnh cho Iran, khi\u1ebfn gi\u00e1 d\u1ea7u th\u00f4 gi\u1ea3m. Tuy nhi\u00ean, kho\u1ea3ng c\u00e1ch gi\u1eefa hai qu\u1ed1c gia n\u00e0y v\u1eabn c\u00f2n r\u1ea5t xa, v\u1edbi Tehran t\u1eeb ch\u1ed1i \u0111\u1ec1 ngh\u1ecb ng\u1eebng b\u1eafn c\u1ee7a M\u1ef9 v\u00e0 y\u00eau c\u1ea7u ch\u1ee7 quy\u1ec1n \u0111\u1ed1i v\u1edbi Eo bi\u1ec3n Hormuz. Di\u1ec5n bi\u1ebfn \u0111\u1ecba ch\u00ednh tr\u1ecb ph\u1ee9c t\u1ea1p t\u1ea1i Trung \u0110\u00f4ng, d\u00f9 kh\u00f4ng tr\u1ef1c ti\u1ebfp li\u00ean quan \u0111\u1ebfn th\u1ecb tr\u01b0\u1eddng Ph\u1ed1 Wall, nh\u01b0ng l\u1ea1i \u0111\u00f3ng vai tr\u00f2 then ch\u1ed1t trong vi\u1ec7c \u0111\u1ecbnh h\u00ecnh chi ph\u00ed n\u0103ng l\u01b0\u1ee3ng to\u00e0n c\u1ea7u, t\u00e1c \u0111\u1ed9ng tr\u1ef1c ti\u1ebfp \u0111\u1ebfn l\u1ea1m ph\u00e1t v\u00e0 s\u1ee9c mua c\u1ee7a ng\u01b0\u1eddi d\u00e2n t\u1ea1i M\u1ef9 v\u00e0 c\u00e1c n\u1ec1n kinh t\u1ebf l\u1edbn kh\u00e1c.<\/p>\n

Lu\u1eadn \u0111i\u1ec3m c\u1ed1t l\u00f5i hi\u1ec7n t\u1ea1i c\u1ee7a Citrini l\u00e0 gi\u00e1 d\u1ea7u cao nh\u01b0 m\u1ed9t lo\u1ea1i “thu\u1ebf” \u0111\u00e1nh v\u00e0o t\u0103ng tr\u01b0\u1edfng kinh t\u1ebf, l\u00e0m x\u00f3i m\u00f2n s\u1ee9c mua v\u00e0 th\u1eaft ch\u1eb7t c\u00e1c \u0111i\u1ec1u ki\u1ec7n t\u00e0i ch\u00ednh m\u00e0 kh\u00f4ng c\u1ea7n FED ph\u1ea3i h\u00e0nh \u0111\u1ed9ng th\u00eam. V\u1edbi m\u1ee9c l\u00e3i su\u1ea5t ch\u00ednh s\u00e1ch \u0111\u00e3 g\u1ea7n m\u1ee9c trung l\u1eadp, van Geelen l\u1eadp lu\u1eadn r\u1eb1ng vi\u1ec7c ch\u1ec9 \u0111\u01a1n thu\u1ea7n gi\u1eef nguy\u00ean l\u00e3i su\u1ea5t c\u0169ng \u0111\u1ee7 mang t\u00ednh th\u1eaft ch\u1eb7t khi c\u00fa s\u1ed1c n\u0103ng l\u01b0\u1ee3ng lan t\u1ecfa kh\u1eafp n\u1ec1n kinh t\u1ebf. \u00d4ng n\u00f3i: “Ch\u00fang ta \u0111ang s\u1ed1ng trong m\u1ed9t th\u1ebf gi\u1edbi kh\u00e1c, l\u00e3i su\u1ea5t \u0111\u00e3 g\u1ea7n m\u1ee9c trung l\u1eadp. N\u1ebfu d\u1ea7u v\u1eabn \u1edf m\u1ee9c cao, ch\u1ec9 c\u1ea7n gi\u1eef nguy\u00ean l\u00e3i su\u1ea5t c\u0169ng \u0111\u1ee7 th\u1eaft ch\u1eb7t khi gi\u00e1 d\u1ea7u lan t\u1ecfa kh\u1eafp ph\u1ea7n c\u00f2n l\u1ea1i c\u1ee7a n\u1ec1n kinh t\u1ebf v\u00e0 g\u00e2y ra s\u1ef1 suy tho\u00e1i.”<\/p>\n

\u0110i\u1ec1u n\u00e0y khi\u1ebfn th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n tr\u1edf n\u00ean \u0111\u1eb7c bi\u1ec7t d\u1ec5 b\u1ecb t\u1ed5n th\u01b0\u01a1ng. Ngay c\u1ea3 trong k\u1ecbch b\u1ea3n c\u00e1c c\u0103ng th\u1eb3ng \u0111\u1ecba ch\u00ednh tr\u1ecb gi\u1ea3m b\u1edbt nhanh ch\u00f3ng, Citrini v\u1eabn nh\u1eadn th\u1ea5y tri\u1ec3n v\u1ecdng t\u0103ng gi\u00e1 h\u1ea1n ch\u1ebf cho c\u00e1c c\u1ed5 phi\u1ebfu. Ng\u01b0\u1eddi ti\u00eau d\u00f9ng s\u1ebd v\u1eabn “y\u1ebfu h\u01a1n m\u1ed9t ch\u00fat” sau khi h\u1ea5p th\u1ee5 chi ph\u00ed nhi\u00ean li\u1ec7u cao h\u01a1n, l\u00e0m gi\u1ea3m s\u1ee9c m\u1ea1nh c\u1ee7a b\u1ea5t k\u1ef3 s\u1ef1 ph\u1ee5c h\u1ed3i n\u00e0o.<\/p>\n

Quan \u0111i\u1ec3m n\u00e0y c\u0169ng th\u00e1ch th\u1ee9c m\u1ed9t lu\u1eadn \u0111i\u1ec3m l\u1ea1c quan ph\u1ed5 bi\u1ebfn r\u1eb1ng vi\u1ec7c c\u1eaft gi\u1ea3m l\u00e3i su\u1ea5t s\u1ebd l\u00e0 m\u1ed9t \u0111i\u1ec3m t\u1ef1a cho th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n. Thay v\u00e0o \u0111\u00f3, van Geelen g\u1ee3i \u00fd r\u1eb1ng b\u1ea5t k\u1ef3 s\u1ef1 n\u1edbi l\u1ecfng n\u00e0o cu\u1ed1i c\u00f9ng c\u0169ng c\u00f3 th\u1ec3 \u0111\u1ebfn \u0111\u1ec3 \u0111\u1ed1i ph\u00f3 v\u1edbi t\u0103ng tr\u01b0\u1edfng kinh t\u1ebf suy y\u1ebfu \u2013 m\u1ed9t b\u1ed1i c\u1ea3nh trong l\u1ecbch s\u1eed th\u01b0\u1eddng g\u1eafn li\u1ec1n v\u1edbi s\u1ef1 s\u1ee5t gi\u1ea3m ti\u1ebfp theo c\u1ee7a c\u1ed5 phi\u1ebfu ch\u1ee9 kh\u00f4ng ph\u1ea3i c\u00e1c \u0111\u1ee3t t\u0103ng gi\u00e1 b\u1ec1n v\u1eefng. V\u1ec1 m\u1eb7t qu\u1ea3n tr\u1ecb r\u1ee7i ro t\u00e0i ch\u00ednh, \u0111\u00e2y l\u00e0 l\u1eddi c\u1ea3nh b\u00e1o cho c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 v\u1ec1 m\u1ed9t b\u1ed1i c\u1ea3nh th\u1ecb tr\u01b0\u1eddng ‘m\u1ea5t ph\u01b0\u01a1ng h\u01b0\u1edbng’<\/a> v\u00e0 kh\u00f3 l\u01b0\u1eddng h\u01a1n.<\/p>\n

Trong qu\u00e1 kh\u1ee9, v\u00e0o th\u00e1ng 2, Citrini Research t\u1eebng c\u00f4ng b\u1ed1 m\u1ed9t b\u00e1o c\u00e1o \u0111\u01b0\u1ee3c lan truy\u1ec1n r\u1ed9ng r\u00e3i, l\u1eadp lu\u1eadn r\u1eb1ng s\u1ef1 b\u00f9ng n\u1ed5 c\u1ee7a AI c\u00f3 th\u1ec3 g\u00e2y t\u1ed5n h\u1ea1i cho n\u1ec1n kinh t\u1ebf, \u0111\u1ea9y t\u1ef7 l\u1ec7 th\u1ea5t nghi\u1ec7p l\u00ean t\u1edbi m\u1ee9c cao 10%<\/b> n\u1ebfu c\u00e1c c\u00f4ng vi\u1ec7c c\u1ed5 c\u1ed3n tr\u1eafng b\u1ecb thay th\u1ebf b\u1edfi m\u00e1y m\u00f3c. Nh\u1eefng ph\u00e2n t\u00edch n\u00e0y cho th\u1ea5y Citrini Research, d\u01b0\u1edbi s\u1ef1 d\u1eabn d\u1eaft c\u1ee7a nh\u00e0 s\u00e1ng l\u1eadp James van Geelen, l\u00e0 m\u1ed9t ti\u1ebfng n\u00f3i \u0111\u1ed1i l\u1eadp n\u1ed5i b\u1eadt tr\u00ean th\u1ecb tr\u01b0\u1eddng t\u00e0i ch\u00ednh to\u00e0n c\u1ea7u, \u0111\u1eb7c bi\u1ec7t l\u00e0 t\u1ea1i Ph\u1ed1 Wall, v\u1edbi kh\u1ea3 n\u0103ng t\u00e1c \u0111\u1ed9ng \u0111\u1ebfn t\u00e2m l\u00fd nh\u00e0 \u0111\u1ea7u t\u01b0 v\u00e0 c\u00e1c quy\u1ebft \u0111\u1ecbnh chi\u1ebfn l\u01b0\u1ee3c.<\/p>\n

Bi\u00ean t\u1eadp: Ph\u1ed1 Wall (Theo ngu\u1ed3n g\u1ed1c)<\/i><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Citrini Research, c\u00f4ng ty nghi\u00ean c\u1ee9u t\u1eebng g\u00e2y ch\u1ea5n \u0111\u1ed9ng th\u1ecb tr\u01b0\u1eddng \u0111\u1ea7u n\u0103m nay v\u1edbi nh\u1eadn \u0111\u1ecbnh bi quan v\u1ec1 tr\u00ed tu\u1ec7 nh\u00e2n t\u1ea1o, l\u1ea1i ti\u1ebfp t\u1ee5c \u0111\u01b0a ra m\u1ed9t c\u1ea3nh b\u00e1o kh\u00e1c. L\u1ea7n n\u00e0y, h\u1ecd l\u1eadp lu\u1eadn r\u1eb1ng m\u1ed9t s\u1ef1 suy gi\u1ea3m kinh t\u1ebf do gi\u00e1 d\u1ea7u cao c\u00f3 th\u1ec3 \u0111\u1ea9y th\u1ecb tr\u01b0\u1eddng […]<\/p>\n","protected":false},"author":1,"featured_media":2732,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[43],"tags":[],"class_list":["post-2735","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-thi-truong-chung-khoan"],"_links":{"self":[{"href":"https:\/\/taichinhphowall.com\/index.php\/wp-json\/wp\/v2\/posts\/2735","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=2735"}],"version-history":[{"count":0,"href":"https:\/\/taichinhphowall.com\/index.php\/wp-json\/wp\/v2\/posts\/2735\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/taichinhphowall.com\/index.php\/wp-json\/wp\/v2\/media\/2732"}],"wp:attachment":[{"href":"https:\/\/taichinhphowall.com\/index.php\/wp-json\/wp\/v2\/media?parent=2735"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/taichinhphowall.com\/index.php\/wp-json\/wp\/v2\/categories?post=2735"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/taichinhphowall.com\/index.php\/wp-json\/wp\/v2\/tags?post=2735"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}