GLOBALink | U.S. Fed's faster rate hikes stoke recession concerns, pose spillover risks-Xinhua

GLOBALink | U.S. Fed's faster rate hikes stoke recession concerns, pose spillover risks

Source: Xinhua

Editor: huaxia

2022-05-05 17:20:48

The U.S. Federal Reserve on Wednesday raised its benchmark interest rate by a half percentage point, marking the sharpest rate hike since 2000.

Experts say the Fed's more aggressive monetary tightening could pose spillover risks to emerging markets, adding pressure to capital outflows and increasing debt vulnerabilities, which would send shock waves through global financial markets.

Produced by Xinhua Global Service

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