{"id":12697,"date":"2021-11-27T03:20:47","date_gmt":"2021-11-27T03:20:47","guid":{"rendered":"https:\/\/vanhoimoi.org\/?p=12697"},"modified":"2021-11-27T03:20:48","modified_gmt":"2021-11-27T03:20:48","slug":"lam-phat-o-my-cao-nhat-trong-30-nam-nguyen-do-vi-dau","status":"publish","type":"post","link":"https:\/\/vanhoimoi.org\/?p=12697","title":{"rendered":"L\u1ea1m Ph\u00e1t \u1ede M\u1ef9 Cao Nh\u1ea5t Trong 30 N\u0103m: Nguy\u00ean Do V\u00ec \u0110\u00e2u?<\/strong>
VOA Ti\u1ebfng Vi\u1ec7t<\/span>"},"content":{"rendered":"\n
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__________________________<\/figcaption><\/figure><\/div>\n\n\n\n

Gi\u00e1n \u0111o\u1ea1n chu\u1ed7i cung \u1ee9ng, nhu c\u1ea7u t\u0103ng sau \u0111\u1ea1i d\u1ecbch, gi\u00e1 x\u0103ng t\u0103ng do kh\u1ee7ng ho\u1ea3ng n\u0103ng l\u01b0\u1ee3ng, nhi\u1ec1u g\u00f3i k\u00edch th\u00edch kh\u1ed5ng l\u1ed3 \u0111\u1ec3 h\u1ed7 tr\u1ee3 kinh t\u1ebf, l\u00e3i su\u1ea5t b\u1ecb ki\u1ec1m h\u00e3m \u1edf m\u1ee9c th\u1ea5p trong nhi\u1ec1u n\u0103m v\u00e0 ch\u00ednh ph\u1ee7 ti\u1ebfp t\u1ee5c tung ti\u1ec1n mua tr\u00e1i phi\u1ebfu l\u00e0 nh\u1eefng nguy\u00ean nh\u00e2n \u0111\u1ea9y l\u1ea1m ph\u00e1t \u1edf M\u1ef9 t\u0103ng cao, c\u00e1c nh\u00e0 ph\u00e2n t\u00edch nh\u1eadn \u0111\u1ecbnh.<\/strong><\/p>\n\n\n\n

\u2018T\u0103ng ch\u00f3ng m\u1eb7t\u2019<\/strong><\/p>\n\n\n\n

Ch\u00ednh ph\u1ee7 M\u1ef9 cho bi\u1ebft ch\u1ec9 s\u1ed1 gi\u00e1 ti\u00eau d\u00f9ng \u0111\u00e3 t\u0103ng 6,2% so v\u1edbi n\u0103m tr\u01b0\u1edbc<\/strong> \u2013 m\u1ee9c t\u0103ng cao nh\u1ea5t trong v\u00f2ng 30 n\u0103m qua.<\/span><\/p>\n\n\n\n

Trong nhi\u1ec1u th\u00e1ng, nhi\u1ec1u kinh t\u1ebf gia ph\u00e1t ra th\u00f4ng \u0111i\u1ec7p tr\u1ea5n an r\u1eb1ng gi\u00e1 h\u00e0ng h\u00f3a ti\u00eau d\u00f9ng t\u0103ng \u0111\u1ed9t bi\u1ebfn, v\u1ed1n \u0111\u00e3 kh\u00f4ng x\u1ea3y ra \u1edf M\u1ef9 trong m\u1ed9t th\u1ebf h\u1ec7, s\u1ebd kh\u00f4ng k\u00e9o d\u00e0i. N\u00f3 ch\u1ee9ng t\u1ecf s\u1ebd ch\u1ec9 l\u00e0 \u2018t\u1ea1m th\u1eddi\u2019, theo l\u1eddi tr\u1ea5n an c\u1ee7a Ch\u1ee7 t\u1ecbch C\u1ee5c D\u1ef1 tr\u1eef Li\u00ean bang Jerome Powell v\u00e0 c\u00e1c quan ch\u1ee9c T\u00f2a B\u1ea1ch \u1ed0c, khi kinh t\u1ebf M\u1ef9 \u0111i t\u1eeb h\u1ed7n lo\u1ea1n trong d\u1ecbch COVID-19 sang g\u1ea7n nh\u01b0 b\u00ecnh th\u01b0\u1eddng.<\/p>\n\n\n\n

Tuy nhi\u00ean, b\u1ea5t k\u1ef3 ng\u01b0\u1eddi M\u1ef9 n\u00e0o \u0111\u00e3 mua s\u1eefa, \u0111\u1ed5 x\u0103ng ho\u1eb7c mua xe c\u0169 \u0111\u1ec1u c\u00f3 th\u1ec3 th\u1ea5y l\u1ea1m ph\u00e1t \u1ea3nh h\u01b0\u1edfng \u0111\u1ebfn t\u00fai ti\u1ec1n c\u1ee7a h\u1ecd. V\u00e0 c\u00e1c nh\u00e0 kinh t\u1ebf gi\u1edd \u0111\u01b0a ra th\u00f4ng \u0111i\u1ec7p n\u1ea3n l\u00f2ng h\u01a1n: gi\u00e1 c\u1ea3 cao h\u01a1n c\u00f3 th\u1ec3 s\u1ebd k\u00e9o d\u00e0i \u0111\u1ebfn sang n\u0103m, n\u1ebfu kh\u00f4ng mu\u1ed1n n\u00f3i l\u00e0 l\u00e2u h\u01a1n n\u1eefa.<\/strong><\/p>\n\n\n\n

\u201c\u0110\u00f3 l\u00e0 c\u00fa gi\u00e1ng l\u1edbn v\u00e0o th\u00f4ng \u0111i\u1ec7p l\u1ea1m ph\u00e1t l\u00e0 t\u1ea1m th\u1eddi,\u201d \u00f4ng Jason Furman<\/strong>, ng\u01b0\u1eddi t\u1eebng l\u00e0 c\u1ed1 v\u1ea5n kinh t\u1ebf h\u00e0ng \u0111\u1ea7u trong ch\u00ednh quy\u1ec1n Obama, n\u00f3i v\u1edbi h\u00e3ng tin AP. \u201cL\u1ea1m ph\u00e1t kh\u00f4ng ch\u1eadm l\u1ea1i. N\u00f3 \u0111ang \u0111i v\u1edbi t\u1ed1c \u0111\u1ed9 ch\u00f3ng m\u1eb7t.\u201d<\/span><\/p>\n\n\n\n

V\u00e0 c\u00fa s\u1ed1c gi\u00e1 c\u1ea3 hi\u1ec3n hi\u1ec7n \u1edf nh\u1eefng ch\u1ed7 c\u00e1c h\u1ed9 gia \u0111\u00ecnh b\u1ecb \u1ea3nh h\u01b0\u1edfng nhi\u1ec1u nh\u1ea5t. \u0110\u1ed3 \u0103n s\u00e1ng ch\u1eb3ng h\u1ea1n: gi\u00e1 th\u1ecbt x\u00f4ng kh\u00f3i t\u0103ng 20% trong n\u0103m qua, gi\u00e1 tr\u1ee9ng t\u0103ng g\u1ea7n 12%. Gi\u00e1 x\u0103ng t\u0103ng 50%. Mua m\u00e1y gi\u1eb7t ho\u1eb7c m\u00e1y s\u1ea5y s\u1ebd ph\u1ea3i tr\u1ea3 th\u00eam 15% so v\u1edbi m\u1ed9t n\u0103m tr\u01b0\u1edbc. C\u00f2n xe c\u0169? M\u1eafc h\u01a1n 26%.<\/strong><\/p>\n\n\n\n

M\u1eb7c d\u00f9 l\u01b0\u01a1ng c\u0169ng t\u0103ng nhi\u1ec1u \u0111\u1ed1i v\u1edbi nhi\u1ec1u ng\u01b0\u1eddi lao \u0111\u1ed9ng, nh\u01b0ng m\u1ee9c t\u0103ng \u0111\u00f3 g\u1ea7n nh\u01b0 kh\u00f4ng theo k\u1ecbp gi\u00e1 c\u1ea3. Th\u00e1ng tr\u01b0\u1edbc, m\u1ee9c l\u01b0\u01a1ng theo gi\u1edd trung b\u00ecnh \u1edf M\u1ef9, sau khi t\u00ednh \u0111\u1ebfn l\u1ea1m ph\u00e1t, th\u1ef1c s\u1ef1 gi\u1ea3m 1,2% so v\u1edbi th\u00e1ng 10 n\u0103m 2020.<\/p>\n\n\n\n

Gi\u00e1 c\u1ea3 t\u0103ng cao \u0111ang l\u00e0m t\u0103ng \u00e1p l\u1ef1c l\u00ean C\u1ee5c D\u1ef1 tr\u1eef Li\u00ean bang (Fed) ph\u1ea3i t\u1eeb b\u1ecf ch\u00ednh s\u00e1ch cho vay d\u1ec5 d\u00e0ng. V\u00e0 n\u00f3 c\u0169ng \u0111\u1eb7t ra m\u1ed1i \u0111e d\u1ecda cho T\u1ed5ng th\u1ed1ng Joe Biden, phe D\u00e2n ch\u1ee7 \u1edf Qu\u1ed1c h\u1ed9i v\u00e0 k\u1ebf ho\u1ea1ch chi ti\u00eau \u0111\u1ea7y tham v\u1ecdng c\u1ee7a h\u1ecd.<\/span><\/strong><\/p>\n\n\n\n

\u0110i\u1ec1u g\u00ec khi\u1ebfn gi\u00e1 t\u0103ng?<\/strong><\/p>\n\n\n\n

Ph\u1ea7n l\u1edbn nguy\u00ean do l\u1ea1i l\u00e0 tin t\u1ed1t. B\u1ecb COVID-19 t\u00e0n ph\u00e1, kinh t\u1ebf M\u1ef9 s\u1ee5p \u0111\u1ed5 h\u1ed3i m\u00f9a xu\u00e2n n\u0103m 2020 khi phong t\u1ecfa b\u1eaft \u0111\u1ea7u, c\u00e1c doanh nghi\u1ec7p \u0111\u00f3ng c\u1eeda ho\u1eb7c c\u1eaft gi\u1ea3m gi\u1edd l\u00e0m v\u00e0 ng\u01b0\u1eddi ti\u00eau d\u00f9ng \u1edf nh\u00e0 tr\u00e1nh d\u1ecbch. C\u00e1c c\u00f4ng ty c\u1eaft gi\u1ea3m 22 tri\u1ec7u vi\u1ec7c l\u00e0m. S\u1ea3n l\u01b0\u1ee3ng kinh t\u1ebf \u0111\u00e3 gi\u1ea3m v\u1edbi t\u1ed1c \u0111\u1ed9 t\u00e0n ph\u00e1 l\u00e0 31% h\u00e0ng n\u0103m trong qu\u00fd 2 n\u0103m ngo\u00e1i.<\/p>\n\n\n\n

Ai c\u0169ng chu\u1ea9n b\u1ecb t\u00e2m l\u00fd r\u1eb1ng kh\u00f3 kh\u0103n s\u1ebd k\u00e9o d\u00e0i h\u01a1n. C\u00e1c c\u00f4ng ty c\u1eaft gi\u1ea3m \u0111\u1ea7u t\u01b0. Nhi\u1ec1u trung t\u00e2m mua s\u1eafm ho\u00e3n l\u1ea5y th\u00eam h\u00e0ng. Theo sau l\u00e0 suy tho\u00e1i t\u00e0n kh\u1ed1c.<\/p>\n\n\n\n

Tuy nhi\u00ean, thay v\u00ec ch\u00ecm v\u00e0o suy tho\u00e1i k\u00e9o d\u00e0i, kinh t\u1ebf M\u1ef9 \u0111\u00e3 c\u00f3 s\u1ef1 ph\u1ee5c h\u1ed3i b\u1ea5t ng\u1edd, do c\u00e1c g\u00f3i chi ti\u00eau kh\u1ed5ng l\u1ed3 c\u1ee7a ch\u00ednh ph\u1ee7 v\u00e0 m\u1ed9t lo\u1ea1t c\u00e1c \u0111\u1ed9ng th\u00e1i kh\u1ea9n c\u1ea5p c\u1ee7a Fed.<\/span> \u0110\u1ebfn \u0111\u1ea7u n\u0103m nay, tri\u1ec3n khai ch\u00edch ng\u1eeba \u0111\u00e3 khi\u1ebfn ng\u01b0\u1eddi ti\u00eau d\u00f9ng m\u1ea1nh d\u1ea1n tr\u1edf l\u1ea1i nh\u00e0 h\u00e0ng, qu\u00e1n bar v\u00e0 c\u1eeda h\u00e0ng.<\/p>\n\n\n\n

B\u1ea5t th\u00ecnh l\u00ecnh, c\u00e1c doanh nghi\u1ec7p v\u1eadt l\u1ed9n \u0111\u1ec3 \u0111\u00e1p \u1ee9ng nhu c\u1ea7u d\u00e2ng cao. H\u1ecd kh\u00f4ng t\u00ecm \u0111\u1ee7 ng\u01b0\u1eddi \u0111\u1ec3 l\u1ea5p \u0111\u1ea7y c\u00e1c ch\u1ed7 tr\u1ed1ng \u2013 10,4 tri\u1ec7u v\u00e0o th\u00e1ng 8, g\u1ea7n m\u1ee9c k\u1ef7 l\u1ee5c, ho\u1eb7c kh\u00f4ng l\u1ea5y \u0111\u1ee7 h\u00e0ng \u0111\u1ec3 \u0111\u00e1p \u1ee9ng c\u00e1c \u0111\u01a1n h\u00e0ng. Khi doanh nghi\u1ec7p ph\u1ee5c h\u1ed3i m\u1ea1nh m\u1ebd tr\u1edf l\u1ea1i, c\u00e1c h\u1ea3i c\u1ea3ng v\u00e0 b\u00e3i t\u1eadp k\u1ebft h\u00e0ng kh\u00f4ng \u0111\u1ea3m \u0111\u01b0\u01a1ng n\u1ed5i l\u01b0\u1ee3ng h\u00e0ng \u0111\u1ebfn. Chu\u1ed7i cung \u1ee9ng to\u00e0n c\u1ea7u b\u1ecb gi\u00e1n \u0111o\u1ea1n.<\/strong><\/p>\n\n\n\n

Chi ph\u00ed t\u0103ng l\u00ean<\/strong>. V\u00e0 c\u00e1c c\u00f4ng ty chuy\u1ec3n nh\u1eefng chi ph\u00ed cao h\u01a1n \u0111\u00f3 sang ng\u01b0\u1eddi ti\u00eau d\u00f9ng v\u1edbi gi\u00e1 c\u1ea3 cao h\u01a1n. Trong khi \u0111\u00f3, nhi\u1ec1u ng\u01b0\u1eddi M\u1ef9 \u0111\u00e3 d\u00e0nh d\u1ee5m \u0111\u01b0\u1ee3c c\u0169ng kha kh\u00e1 trong \u0111\u1ea1i d\u1ecbch.<\/p>\n\n\n\n

\u201cM\u1ed9t nguy\u00ean nh\u00e2n \u0111\u00e1ng k\u1ec3 g\u00e2y ra l\u1ea1m ph\u00e1t m\u00e0 ch\u00fang ta \u0111ang nh\u00ecn th\u1ea5y l\u00e0 k\u1ebft qu\u1ea3 kh\u00f4ng tr\u00e1nh kh\u1ecfi c\u1ee7a vi\u1ec7c tho\u00e1t kh\u1ecfi \u0111\u1ea1i d\u1ecbch,\u201d AP d\u1eabn l\u1eddi \u00f4ng Furman, hi\u1ec7n l\u00e0 kinh t\u1ebf gia t\u1ea1i Tr\u01b0\u1eddng Kennedy c\u1ee7a<\/strong> \u0110\u1ea1i h\u1ecdc Harvard, cho bi\u1ebft.<\/strong><\/p>\n\n\n\n

Tuy nhi\u00ean, Furman cho r\u1eb1ng ch\u00ednh s\u00e1ch sai l\u1ea7m c\u1ee7a ch\u00ednh ph\u1ee7 c\u0169ng g\u00f3p ph\u1ea7n v\u00e0o l\u1ea1m ph\u00e1t. C\u00e1c nh\u00e0 ho\u1ea1ch \u0111\u1ecbnh ch\u00ednh s\u00e1ch r\u1ea5t mu\u1ed1n ng\u0103n kinh t\u1ebf suy tho\u00e1i \u0111\u1ebfn n\u1ed7i h\u1ecd \u2018coi nh\u1eb9 l\u1ea1m ph\u00e1t m\u1ed9t c\u00e1ch c\u00f3 h\u1ec7 th\u1ed1ng\u2019<\/strong>,<\/span> \u00f4ng n\u00f3i.<\/p>\n\n\n\n

\u201cH\u1ecd \u0111\u1ed5 th\u00eam d\u1ea7u v\u00e0o l\u1eeda,\u201d \u00f4ng n\u00f3i.<\/strong><\/p>\n\n\n\n

Chi ti\u00eau \u1ed3 \u1ea1t c\u1ee7a ch\u00ednh ph\u1ee7 – bao g\u1ed3m g\u00f3i c\u1ee9u tr\u1ee3 virus corona tr\u1ecb gi\u00e1 1,9 ngh\u00ecn t\u1ef7 \u0111\u00f4 la c\u1ee7a T\u1ed5ng th\u1ed1ng Joe Biden, v\u1edbi kho\u1ea3n chi tr\u1ea3 1.400 \u0111\u00f4 la cho h\u1ea7u h\u1ebft c\u00e1c h\u1ed9 gia \u0111\u00ecnh h\u1ed3i th\u00e1ng 3 \u2013 \u0111\u00e3 k\u00edch th\u00edch n\u1ec1n kinh t\u1ebf qu\u00e1 m\u1ee9c,<\/strong><\/span> Furman n\u00f3i.<\/p>\n\n\n\n

\u201cL\u1ea1m ph\u00e1t \u1edf M\u1ef9 cao h\u01a1n r\u1ea5t nhi\u1ec1u so v\u1edbi \u1edf ch\u00e2u \u00c2u<\/strong>,\u201d \u00f4ng l\u01b0u \u00fd. \u201cCh\u00e2u \u00c2u c\u0169ng b\u1ecb c\u00fa s\u1ed1c t\u01b0\u01a1ng t\u1ef1 v\u1ec1 cung c\u1ea7u nh\u01b0 \u1edf M\u1ef9, v\u00e0 c\u0169ng g\u1eb7p v\u1ea5n \u0111\u1ec1 v\u1ec1 chu\u1ed7i cung \u1ee9ng t\u01b0\u01a1ng t\u1ef1. Nh\u01b0ng h\u1ecd kh\u00f4ng k\u00edch th\u00edch kinh t\u1ebf qu\u00e1 nhi\u1ec1u.\u201d<\/p>\n\n\n\n

T\u1ed5ng th\u1ed1ng Biden th\u1eeba nh\u1eadn \u2018l\u1ea1m ph\u00e1t l\u00e0m t\u1ed5n th\u01b0\u01a1ng t\u00fai ti\u1ec1n ng\u01b0\u1eddi d\u00e2n M\u1ef9, v\u00e0 \u0111\u1ea3o ng\u01b0\u1ee3c xu h\u01b0\u1edbng l\u1ea1m ph\u00e1t l\u00e0 \u01b0u ti\u00ean h\u00e0ng \u0111\u1ea7u c\u1ee7a t\u00f4i\u2019. \u00d4ng Biden n\u00f3i r\u1eb1ng g\u00f3i c\u01a1 s\u1edf h\u1ea1 t\u1ea7ng tr\u1ecb gi\u00e1 1 ngh\u00ecn t\u1ef7 \u0111\u00f4 la m\u00e0 \u00f4ng th\u00fac \u0111\u1ea9y, bao g\u1ed3m chi ti\u00eau cho \u0111\u01b0\u1eddng s\u00e1, c\u1ea7u, c\u1ea3ng, s\u1ebd gi\u00fap gi\u1ea3m b\u1edbt t\u1eafc ngh\u1ebdn chu\u1ed7i cung \u1ee9ng.<\/p>\n\n\n\n

\u2018Nhi\u1ec1u y\u1ebfu t\u1ed1 c\u1ed9ng d\u1ed3n\u2019<\/strong><\/p>\n\n\n\n

Trao \u0111\u1ed5i v\u1edbi VOA, Gi\u00e1o s\u01b0-Ti\u1ebfn s\u1ef9 Kh\u01b0\u01a1ng H\u1eefu L\u1ed9c, v\u1ed1n gi\u1ea3ng d\u1ea1y ch\u01b0\u01a1ng tr\u00ecnh Th\u1ea1c s\u1ef9 Qu\u1ea3n tr\u1ecb Kinh doanh t\u1ea1i Keller Graduate School of Management, nh\u1eadn \u0111\u1ecbnh r\u1eb1ng \u2018m\u1ed9t lo\u1ea1t c\u00e1c y\u1ebfu t\u1ed1 x\u1ea3y ra c\u00f9ng m\u1ed9t l\u00fac th\u00fac \u0111\u1ea9y l\u1ea1m ph\u00e1t \u1edf M\u1ef9 t\u0103ng cao\u2019.<\/p>\n\n\n\n

\u201cSau b\u1ea5t k\u1ef3 cu\u1ed9c kh\u1ee7ng ho\u1ea3ng n\u00e0o \u0111\u00f3 m\u00e0 kinh t\u1ebf ph\u1ee5c h\u1ed3i tr\u1edf l\u1ea1i th\u00ec l\u1ea1m ph\u00e1t gia t\u0103ng,\u201d \u00f4ng L\u1ed9c gi\u1ea3i th\u00edch l\u00e0 d\u1eabn ch\u1ee9ng l\u00e0 sau cu\u1ed9c kh\u1ee7ng ho\u1ea3ng t\u00e0i ch\u00ednh h\u1ed3i n\u0103m 2008 th\u00ec gi\u00e1 c\u1ea3 \u1edf M\u1ef9 c\u0169ng gia t\u0103ng t\u1ea1m th\u1eddi.<\/p>\n\n\n\n

\u201c\u0110\u00f3 l\u00e0 do ng\u01b0\u1eddi d\u00e2n quay tr\u1edf l\u1ea1i ti\u00eau x\u00e0i trong khi ch\u00ednh ph\u1ee7 \u0111\u00e3 \u0111\u01b0a ra m\u1ea5y g\u00f3i c\u1ee9u tr\u1ee3 li\u00ean ti\u1ebfp \u0111\u1ec3 cho ti\u1ec1n ng\u01b0\u1eddi d\u00e2n ti\u00eau x\u00e0i,\u201d \u00f4ng n\u00f3i th\u00eam v\u00e0 cho bi\u1ebft \u0111\u00f3 l\u00e0 \u2018demand-pulled inflation<\/strong>\u2019, t\u1ee9c l\u1ea1m ph\u00e1t do nhu c\u1ea7u t\u0103ng cao.<\/strong><\/p>\n\n\n\n

Kh\u00f4ng may l\u00e0 \u2018demand-pulled inflation\u2019 l\u1ea1i \u0111\u01b0\u1ee3c c\u1ed9ng h\u01b0\u1edfng b\u1edfi \u2018cost-pushed inflation\u2019, t\u1ee9c l\u1ea1m ph\u00e1t do gi\u00e1 \u0111\u1ea7u v\u00e0o t\u0103ng cao, c\u00e0ng khi\u1ebfn l\u1ea1m ph\u00e1t t\u0103ng m\u1ea1nh, \u00f4ng L\u1ed9c ph\u00e2n t\u00edch.<\/p>\n\n\n\n

\u201cBao nhi\u00eau qu\u1ed1c gia cung c\u1ea5p h\u00e0ng cho M\u1ef9 b\u1ecb gi\u00e1n \u0111o\u1ea1n cung \u1ee9ng (do d\u1ecbch b\u1ec7nh). M\u00e0 khi thi\u1ebfu ngu\u1ed3n cung th\u00ec gi\u00e1 th\u00e0nh h\u00e0ng h\u00f3a \u1edf M\u1ef9 s\u1ebd gia t\u0103ng,<\/strong>\u201d \u00f4ng n\u00f3i.<\/p>\n\n\n\n

Ngo\u00e0i ra gi\u00e1 x\u0103ng d\u1ea7u \u0111ang t\u0103ng cao \u2018c\u0169ng \u1ea3nh h\u01b0\u1edfng r\u1ea5t m\u1ea1nh \u0111\u1ebfn l\u1ea1m ph\u00e1t\u2019 v\u00ec n\u00f3 li\u00ean quan \u0111\u1ebfn gi\u00e1 \u0111\u1ea7u v\u00e0o c\u1ee7a h\u1ea7u h\u1ebft h\u00e0ng h\u00f3a v\u00e0 d\u1ecbch v\u1ee5<\/strong>, c\u0169ng theo l\u1eddi v\u1ecb gi\u00e1o s\u01b0 n\u00e0y.<\/p>\n\n\n\n

B\u00ean c\u1ea1nh nh\u1eefng y\u1ebfu t\u1ed1 n\u00e0y, l\u1ea1m ph\u00e1t \u1edf M\u1ef9 c\u00f2n c\u00f3 nguy\u00ean nh\u00e2n ch\u1ee7 quan, mang t\u00ednh h\u1ec7 th\u1ed1ng l\u00e0 ch\u00ednh s\u00e1ch c\u1ee7a Fed \u2018gi\u1eef l\u00e3i su\u1ea5t th\u1ea5p m\u1ed9t c\u00e1ch nh\u00e2n t\u1ea1o t\u1eeb th\u1eddi c\u1ef1u T\u1ed5ng th\u1ed1ng Trump \u0111\u1ebfn nay \u0111\u1ec3 k\u00edch th\u00edch n\u1ec1n kinh t\u1ebf\u2019.<\/p>\n\n\n\n

\u201cTr\u01b0\u1edbc \u0111\u00e2y l\u00e3i su\u1ea5t th\u1ea5p nh\u01b0ng kinh t\u1ebf tr\u00ec tr\u1ec7 th\u00ec kh\u00f4ng b\u1ecb l\u1ea1m ph\u00e1t nh\u01b0ng b\u00e2y gi\u1edd kinh t\u1ebf t\u0103ng tr\u01b0\u1edfng tr\u1edf l\u1ea1i th\u00ec n\u00f3 th\u00fac \u0111\u1ea9y l\u1ea1m ph\u00e1t,\u201d<\/strong> \u00f4ng n\u00f3i.<\/span><\/p>\n\n\n\n

\u00d4ng n\u00f3i v\u1edbi c\u00e1c nguy\u00ean nh\u00e2n \u1edf tr\u00ean c\u00f3 s\u1eb5n th\u00ec chu\u1ed7i cung \u1ee9ng b\u1ecb gi\u00e1n \u0111o\u1ea1n l\u00e0 ng\u00f2i n\u1ed5 \u0111\u1ec3 ch\u00e2m ng\u00f2i l\u1ea1m ph\u00e1t.<\/p>\n\n\n\n

Khi \u0111\u01b0\u1ee3c h\u1ecfi v\u1ec1 tr\u00e1ch nhi\u1ec7m c\u1ee7a ch\u00ednh quy\u1ec1n T\u1ed5ng th\u1ed1ng Joe Biden khi tung ti\u1ec1n ra qu\u00e1 nhi\u1ec1u ti\u1ec1n, \u00f4ng L\u1ed9c n\u00f3i: \u201cCh\u00ednh quy\u1ec1n n\u00e0o c\u0169ng v\u1eady ch\u1ee9 kh\u00f4ng ph\u1ea3i Biden. Ch\u00ednh quy\u1ec1n Trump c\u0169ng v\u1eady. Th\u1ef1c s\u1ef1 s\u1ed1 ti\u1ec1n ti\u00eau x\u00e0i nhi\u1ec1u nh\u1ea5t l\u00e0 6 ng\u00e0n t\u1ef7 d\u01b0\u1edbi th\u1eddi Trump. Biden m\u1edbi tung ra m\u1ea5y ng\u00e0n t\u1ef7 th\u00f4i nh\u01b0ng to\u00e0n l\u00e0 ti\u1ec1n ch\u01b0a x\u00e0i n\u00ean kh\u00f4ng \u1ea3nh h\u01b0\u1edfng v\u00e0o con s\u1ed1 l\u1ea1m ph\u00e1t hi\u1ec7n nay.\u201d<\/p>\n\n\n\n

Tuy nhi\u00ean, \u00f4ng b\u00e0y t\u1ecf lo ng\u1ea1i vi\u1ec7c ch\u00ednh quy\u1ec1n Biden \u0111ang ti\u1ebfp t\u1ee5c th\u00f4ng qua g\u00f3i chi ti\u00eau x\u00e3 h\u1ed9i v\u00e0o kho\u1ea3ng 2-3 ng\u00e0nt\u1ec9 \u0111\u00f4 la v\u00e0 n\u00f3i r\u1eb1ng \u2018v\u00f4 c\u00f9ng tai h\u1ea1i\u2019 v\u00ec n\u00f3 s\u1ebd l\u00e0m cho l\u1ea1m ph\u00e1t ti\u1ebfp t\u1ee5c k\u00e9o d\u00e0i qua nh\u1eefng n\u0103m sau<\/strong>.<\/p>\n\n\n\n

L\u1ea1m ph\u00e1t k\u00e9o d\u00e0i bao l\u00e2u?<\/strong><\/p>\n\n\n\n

L\u1ea1m ph\u00e1t gi\u00e1 ti\u00eau d\u00f9ng c\u00f3 th\u1ec3 s\u1ebd c\u00f2n k\u00e9o d\u00e0i ch\u1eebng n\u00e0o c\u00e1c c\u00f4ng ty c\u00f2n kh\u1ed1n \u0111\u1ed1n theo k\u1ecbp nhu c\u1ea7u h\u00e0ng h\u00f3a v\u00e0 d\u1ecbch v\u1ee5 ch\u01b0a t\u1eebng th\u1ea5y c\u1ee7a ng\u01b0\u1eddi ti\u00eau d\u00f9ng. Th\u1ecb tr\u01b0\u1eddng lao \u0111\u1ed9ng \u0111ang h\u1ed3i sinh \u2013 c\u00e1c c\u00f4ng ty \u0111\u00e3 t\u1ea1o th\u00eam 5,8 tri\u1ec7u vi\u1ec7c l\u00e0m trong n\u0103m nay \u2013 c\u00f3 ngh\u0129a l\u00e0 ng\u01b0\u1eddi M\u1ef9 c\u00f3 th\u1ec3 ti\u1ebfp t\u1ee5c vung ti\u1ec1n v\u00e0o m\u1ecdi th\u1ee9 t\u1eeb \u0111\u1ed3 g\u1ed7 cho \u0111\u1ebfn xe m\u1edbi. V\u00e0 c\u00e1c n\u00fat th\u1eaft chu\u1ed7i cung \u1ee9ng kh\u00f4ng c\u00f3 d\u1ea5u hi\u1ec7u \u0111\u01b0\u1ee3c gi\u1ea3i t\u1ecfa.<\/p>\n\n\n\n

\u201cB\u00ean c\u1ea7u c\u1ee7a kinh t\u1ebf M\u1ef9 s\u1ebd ti\u1ebfp t\u1ee5c l\u00e0 \u0111i\u1ec1u c\u1ea7n ph\u1ea3i \u0111\u1ec3 \u00fd,\u201d \u00f4ng Rick Rieder, gi\u00e1m \u0111\u1ed1c \u0111\u1ea7u t\u01b0 t\u1ea1i Blackrock, \u0111\u01b0\u1ee3c AP d\u1eabn l\u1eddi n\u00f3i, \u2018v\u00e0 c\u00e1c c\u00f4ng ty s\u1ebd ti\u1ebfp t\u1ee5c chuy\u1ec3n chi ph\u00ed th\u00e0nh gi\u00e1 c\u1ea3.\u2019<\/p>\n\n\n\n

\u201cT\u00f4i ngh\u0129 r\u1eb1ng n\u00f3 s\u1ebd l\u00e0 \u2018t\u1ea1m th\u1eddi\u2019,\u201d b\u00e0 Megan Greene, kinh t\u1ebf gia tr\u01b0\u1edfng t\u1ea1i Vi\u1ec7n Kroll, n\u00f3i v\u1ec1 l\u1ea1m ph\u00e1t. \u201cNh\u01b0ng c\u00e1c nh\u00e0 kinh t\u1ebf ph\u1ea3i r\u1ea5t trung th\u1ef1c khi \u0111\u1ecbnh ngh\u0129a \u2018t\u1ea1m th\u1eddi\u2019 l\u00e0 g\u00ec, v\u00e0 t\u00f4i ngh\u0129 n\u00f3 c\u00f3 th\u1ec3 d\u1ec5 d\u00e0ng k\u00e9o d\u00e0i th\u00eam m\u1ed9t n\u0103m n\u1eefa\u2019.<\/p>\n\n\n\n

S\u1ef1 t\u0103ng gi\u00e1 h\u00e0ng ti\u00eau d\u00f9ng \u0111\u00e3 g\u1ee3i l\u00ean b\u00f3ng ma t\u00ecnh c\u1ea3nh nh\u1eefng n\u0103m 1970 s\u1ebd tr\u1edf l\u1ea1i. \u0110\u00f3 l\u00e0 khi gi\u00e1 cao h\u01a1n x\u1ea3y ra c\u00f9ng l\u00fac v\u1edbi th\u1ea5t nghi\u1ec7p.<\/p>\n\n\n\n

Tuy nhi\u00ean, t\u00ecnh h\u00ecnh hi\u1ec7n nay c\u00f3 v\u1ebb r\u1ea5t kh\u00e1c. T\u1ef7 l\u1ec7 th\u1ea5t nghi\u1ec7p t\u01b0\u01a1ng \u0111\u1ed1i th\u1ea5p, v\u00e0 nh\u00ecn chung c\u00e1c h\u1ed9 gia \u0111\u00ecnh \u0111ang \u1edf trong t\u00ecnh tr\u1ea1ng t\u1ed1t v\u1ec1 t\u00e0i ch\u00ednh<\/strong>. Conference Board, m\u1ed9t c\u00f4ng ty nghi\u00ean c\u1ee9u kinh doanh, ph\u00e1t hi\u1ec7n ra r\u1eb1ng k\u1ef3 v\u1ecdng l\u1ea1m ph\u00e1t c\u1ee7a ng\u01b0\u1eddi ti\u00eau d\u00f9ng trong th\u00e1ng tr\u01b0\u1edbc l\u00e0 cao nh\u1ea5t k\u1ec3 t\u1eeb th\u00e1ng 7 n\u0103m 2008. Nh\u01b0ng h\u1ecd d\u01b0\u1eddng nh\u01b0 kh\u00f4ng lo l\u1eafng: ch\u1ec9 s\u1ed1 ni\u1ec1m tin c\u1ee7a ng\u01b0\u1eddi ti\u00eau d\u00f9ng c\u0169ng t\u0103ng, do l\u1ea1c quan v\u1ec1 th\u1ecb tr\u01b0\u1eddng vi\u1ec7c l\u00e0m.<\/p>\n\n\n\n

\u201c\u00cdt nh\u1ea5t, v\u00e0o l\u00fac n\u00e0y, h\u1ecd c\u1ea3m th\u1ea5y l\u1ee3i \u00edch \u0111ang nhi\u1ec1u h\u01a1n m\u1eb7t x\u1ea5u,\u201d Lynn Franco, gi\u00e1m \u0111\u1ed1c c\u1ea5p cao v\u1ec1 c\u00e1c ch\u1ec9 s\u1ed1 kinh t\u1ebf c\u1ee7a Conference Board, n\u00f3i v\u1edbi AP.<\/p>\n\n\n\n

T\u0103ng tr\u01b0\u1edfng kinh t\u1ebf, sau khi ch\u1eadm l\u1ea1i t\u1eeb th\u00e1ng 7 \u0111\u1ebfn th\u00e1ng 9 tr\u01b0\u1edbc bi\u1ebfn th\u1ec3 Delta d\u1ec5 l\u00e2y lan, \u0111\u01b0\u1ee3c cho l\u00e0 s\u1ebd ph\u1ee5c h\u1ed3i trong qu\u00fd cu\u1ed1i c\u00f9ng c\u1ee7a n\u0103m 2021.<\/p>\n\n\n\n

\u201cH\u1ea7u h\u1ebft c\u00e1c nh\u00e0 kinh t\u1ebf \u0111ang k\u1ef3 v\u1ecdng t\u0103ng tr\u01b0\u1edfng s\u1ebd t\u0103ng t\u1ed1c trong qu\u00fd t\u01b0,\u201d b\u00e0 Greene n\u00f3i th\u00eam.<\/strong><\/p>\n\n\n\n

\u00c1p l\u1ef1c \u0111ang \u0111\u00e8 n\u1eb7ng l\u00ean Fed, v\u1ed1n c\u00f3 tr\u00e1ch nhi\u1ec7m ki\u1ec1m gi\u1eef l\u1ea1m ph\u00e1t, l\u00e0 ph\u1ea3i ki\u1ec3m so\u00e1t gi\u00e1 c\u1ea3. \u201cH\u1ecd c\u1ea7n ng\u1eebng n\u00f3i r\u1eb1ng l\u1ea1m ph\u00e1t l\u00e0 t\u1ea1m th\u1eddi, b\u1eaft \u0111\u1ea7u lo l\u1eafng h\u01a1n v\u1ec1 l\u1ea1m ph\u00e1t, sau \u0111\u00f3 h\u00e0nh \u0111\u1ed9ng m\u1ed9t c\u00e1ch ph\u00f9 h\u1ee3p<\/strong>,\u201d Furman n\u00f3i.<\/p>\n\n\n\n

Ch\u1ee7 t\u1ecbch Fed, \u00f4ng Powell \u0111\u00e3 th\u00f4ng b\u00e1o Fed s\u1ebd b\u1eaft \u0111\u1ea7u gi\u1ea3m mua tr\u00e1i phi\u1ebfu h\u00e0ng th\u00e1ng m\u00e0 h\u1ecd b\u1eaft \u0111\u1ea7u mua h\u1ed3i n\u0103m ngo\u00e1i nh\u01b0 m\u1ed9t c\u00e1ch kh\u1ea9n c\u1ea5p \u0111\u1ec3 th\u00fac \u0111\u1ea9y kinh t\u1ebf. V\u00e0o th\u00e1ng 9, c\u00e1c quan ch\u1ee9c Fed d\u1ef1 b\u00e1o cho \u0111\u1ebfn tr\u01b0\u1edbc cu\u1ed1i n\u0103m 2022 h\u1ecd s\u1ebd t\u0103ng l\u00e3i su\u1ea5t t\u1eeb m\u1ee9c g\u1ea7n b\u1eb1ng 0, s\u1edbm h\u01a1n nhi\u1ec1u so v\u1edbi d\u1ef1 \u0111o\u00e1n.<\/p>\n\n\n\n

Nh\u01b0ng l\u1ea1m ph\u00e1t cao, n\u1ebfu k\u00e9o d\u00e0i, c\u00f3 th\u1ec3 bu\u1ed9c Fed ph\u1ea3i \u0111\u1ea9y nhanh vi\u1ec7c t\u0103ng l\u00e3i su\u1ea5t; C\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 d\u1ef1 ki\u1ebfn Fed s\u1ebd t\u0103ng l\u00e3i su\u1ea5t \u00edt nh\u1ea5t hai l\u1ea7n v\u00e0o n\u0103m t\u1edbi.<\/p>\n\n\n\n

\u2018C\u1ea7n gi\u1ea3m \u00e1p l\u1ef1c gi\u00e1 x\u0103ng d\u1ea7u\u2019<\/strong><\/p>\n\n\n\n

Theo nh\u1eadn \u0111\u1ecbnh c\u1ee7a Gi\u00e1o s\u01b0 Kh\u01b0\u01a1ng H\u1eefu L\u1ed9c th\u00ec l\u1ea1m ph\u00e1t s\u1ebd k\u00e9o d\u00e0i \u2018ch\u1eebng kho\u1ea3ng 2-3 n\u0103m ch\u1ee9 kh\u00f4ng ph\u1ea3i trong 5-6 th\u00e1ng\u2019.<\/p>\n\n\n\n

\u201cN\u1ebfu ch\u00ednh ph\u1ee7 gi\u1ea3m \u0111\u01b0\u1ee3c \u00e1p l\u1ef1c l\u00ean gi\u00e1 x\u0103ng d\u1ea7u th\u00ec gi\u00e1 c\u1ea3 h\u00e0ng h\u00f3a s\u1ebd gi\u1ea3m<\/strong>,\u201d \u00f4ng n\u00f3i v\u00e0 cho bi\u1ebft \u00f4ng \u1ee7ng h\u1ed9 \u0111\u1ed9ng th\u00e1i m\u1edbi nh\u1ea5t c\u1ee7a ch\u00ednh quy\u1ec1n Biden l\u00e0 m\u1edf kho d\u1ef1 tr\u1eef x\u0103ng d\u1ea7u chi\u1ebfn l\u01b0\u1ee3c \u0111\u1ec3 \u0111\u1ed1i ph\u00f3 v\u1edbi vi\u1ec7c c\u00e1c n\u01b0\u1edbc xu\u1ea5t kh\u1ea9u d\u1ea7u \u2018c\u1ea5u k\u1ebft v\u1edbi nhau gi\u1eef gi\u00e1 x\u0103ng d\u1ea7u cao\u2019.<\/p>\n\n\n\n

\u201cN\u1ebfu ch\u00ednh ph\u1ee7 gi\u1ea3i quy\u1ebft \u0111\u01b0\u1ee3c \u0111i\u1ec3m ngh\u1ebdn chu\u1ed7i cung \u1ee9ng, n\u00e2ng c\u1ea5p c\u00e1c h\u1ea3i c\u1ea3ng, \u0111\u01b0\u1eddng s\u00e1, h\u1ec7 th\u1ed1ng h\u1ecfa xa, kho b\u00e3i, t\u0103ng nh\u1eadp h\u00e0ng t\u1eeb nh\u1eefng n\u01b0\u1edbc g\u1ea7n nh\u01b0 Mexico hay Canada th\u00ec l\u1ea1m ph\u00e1t s\u1ebd gi\u1ea3m,\u201d \u00f4ng n\u00f3i th\u00eam v\u00e0 c\u1ea3nh b\u00e1o ch\u00ednh quy\u1ec1n Biden \u0111\u1eebng n\u00ean v\u00ec l\u1ea1m ph\u00e1t m\u00e0 ch\u1ea5p nh\u1eadn g\u1ee1 b\u1ecf thu\u1ebf quan cho h\u00e0ng Trung Qu\u1ed1c \u0111\u1ec3 h\u00e0ng gi\u00e1 r\u1ebb c\u1ee7a n\u01b0\u1edbc n\u00e0y \u1ed3 \u1ea1t \u0111\u1ed5 v\u00e0o M\u1ef9 nh\u01b0 tr\u01b0\u1edbc.<\/p>\n\n\n\n

\u00d4ng d\u1ef1 \u0111o\u00e1n \u2018kho\u1ea3ng qu\u00fd 3 hay qu\u00fd 4 n\u0103m sau Fed s\u1ebd t\u0103ng l\u00e3i su\u1ea5t t\u01b0\u1ee3ng tr\u01b0ng \u0111\u00f4i ch\u00fat\u2019. \u201c\u0110i\u1ec1u n\u00e0y s\u1ebd \u1ea3nh h\u01b0\u1edfng \u0111\u1ebfn s\u1ef1 ph\u1ee5c h\u1ed3i kinh t\u1ebf, nh\u01b0ng n\u1ebfu Fed tr\u1ea5n an r\u1eb1ng h\u1ecd ch\u1ec9 t\u0103ng nh\u1eb9 v\u00e0 c\u00f2n l\u00e2u m\u1edbi t\u0103ng l\u1ea7n n\u1eefa th\u00ec gi\u1edbi \u0111\u1ea7u t\u01b0 s\u1ebd kh\u00f4ng ph\u1ea3n \u1ee9ng qu\u00e1 m\u1ea1nh.\u201d<\/p>\n\n\n\n

Khi \u0111\u01b0\u1ee3c h\u1ecfi li\u1ec7u ng\u01b0\u1eddi lao \u0111\u1ed9ng c\u00f3 n\u00ean \u0111\u01b0\u1ee3c t\u0103ng l\u01b0\u01a1ng \u0111\u1ec3 gi\u00fap cu\u1ed9c s\u1ed1ng h\u1ecd b\u1edbt ch\u1eadt v\u1eadt tr\u01b0\u1edbc t\u00ecnh tr\u1ea1ng gi\u00e1 c\u1ea3 t\u0103ng cao hay kh\u00f4ng, \u00f4ng L\u1ed9c n\u00f3i: \u201cKhi l\u01b0\u01a1ng gia t\u0103ng th\u00ec l\u1ea1m ph\u00e1t c\u00e0ng b\u1ecb \u0111\u1ea9y l\u00ean cao n\u1eefa n\u00ean th\u00e0nh ra \u0111\u00f3 l\u00e0 con dao hai l\u01b0\u1ee1i.<\/strong>\u201d<\/p>\n\n\n\n

Ngu\u1ed3n: VOA Ti\u1ebfng Vi\u1ec7t<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Gi\u00e1n \u0111o\u1ea1n chu\u1ed7i cung \u1ee9ng, nhu c\u1ea7u t\u0103ng sau \u0111\u1ea1i d\u1ecbch, gi\u00e1 x\u0103ng t\u0103ng do kh\u1ee7ng ho\u1ea3ng n\u0103ng l\u01b0\u1ee3ng, nhi\u1ec1u g\u00f3i k\u00edch th\u00edch kh\u1ed5ng l\u1ed3 \u0111\u1ec3 h\u1ed7 tr\u1ee3 kinh t\u1ebf, l\u00e3i su\u1ea5t b\u1ecb ki\u1ec1m h\u00e3m \u1edf m\u1ee9c th\u1ea5p trong nhi\u1ec1u n\u0103m v\u00e0 ch\u00ednh ph\u1ee7 ti\u1ebfp t\u1ee5c tung ti\u1ec1n mua tr\u00e1i\u0111\u1ecdc ti\u1ebfp…<\/a><\/span><\/p>\n","protected":false},"author":2,"featured_media":9428,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_coblocks_attr":"","_coblocks_dimensions":"","_coblocks_responsive_height":"","_coblocks_accordion_ie_support":"","footnotes":""},"categories":[12,53],"tags":[118,212,82],"class_list":["entry","author-ntviet","post-12697","post","type-post","status-publish","format-standard","has-post-thumbnail","category-chuyenmuc","category-kinhte-chinhtri","tag-chinh-tri","tag-chuyen-de","tag-kinh-te"],"_links":{"self":[{"href":"https:\/\/vanhoimoi.org\/index.php?rest_route=\/wp\/v2\/posts\/12697","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/vanhoimoi.org\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/vanhoimoi.org\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/vanhoimoi.org\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/vanhoimoi.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=12697"}],"version-history":[{"count":0,"href":"https:\/\/vanhoimoi.org\/index.php?rest_route=\/wp\/v2\/posts\/12697\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/vanhoimoi.org\/index.php?rest_route=\/wp\/v2\/media\/9428"}],"wp:attachment":[{"href":"https:\/\/vanhoimoi.org\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=12697"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/vanhoimoi.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=12697"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/vanhoimoi.org\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=12697"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}