The Fed meeting on June 16-17 is attracting attention as markets begin to worry about the possibility of another interest rate hike, which could significantly impact gold, stocks, and exchange rates.
President Trump removed tariffs on many essential food items amid complaints from Americans about rising shopping prices and concerns about increasing inflation.
Prices are escalating daily, and workers' wages haven't increased, making already meager meals even more difficult. Many families are forced to scrimp and save every penny, resorting to various means to make ends meet.
Water spinach, tomatoes, and other vegetables have all increased sharply compared to last month, and even iced tea sold on the sidewalk has become more expensive, making life even more difficult for workers in big cities.
US President Trump cited data from March – a time before the new tariffs were implemented – to say that the US had "virtually no inflation" and demanded that the Fed lower interest rates.
Many National Assembly deputies believe that while striving for growth of 8% or higher, it is still necessary to ensure macroeconomic stability, maintain major economic balances, and control inflation.
Of the three inflation scenarios for 2025 presented by the Ministry of Finance, the Deputy Prime Minister suggested choosing the average scenario of 4,15% and emphasized the need for decisive implementation of this option.
Inflation is a condition where the prices of goods and services increase over time, while deflation is a condition where the prices of goods and services decrease over time.
Many American voters who previously voted for President Joe Biden have indicated they will switch their support to Republican candidate Donald Trump in the hope that the economy will improve.
Many people are concerned that the 4,8% increase in electricity prices will impact the annual inflation control target, but experts believe the impact will not be too significant.
The Prime Minister instructed ministries to propose specific roadmaps for adjusting prices of goods and services, including electricity, healthcare services, and education.
Deputy Prime Minister Le Minh Khai emphasized that wage increases should not lead to unreasonable price increases, becoming a habit and undermining the meaning of the wage increase.
The mass withdrawal of funds at Saigon Commercial Bank (SCB) is a factor that increases pressure on domestic interest rates and exchange rates, putting pressure on inflation.
Representatives from the International Monetary Fund (IMF) stated that disruptions to shipping in the Red Sea are putting pressure on prices but have not yet prompted experts to raise inflation forecasts.
According to a report from the US Department of Labor, inflation in the US cooled in May to its lowest level in more than two years, although it remains far from the Fed's inflation target.
This was the opinion of Associate Professor Dr. Vu Minh Khuong at the seminar "Macroeconomic Stability and Development of the Corporate Bond Market" organized by the Government Electronic Information Portal.