The U.S. Federal Reserve on Wednesday raised its benchmark interest rate by 75 basis points, the second in a row of that magnitude, as elevated inflation showed no clear sign of easing.
Rises in U.S. interest rates will negatively affect the global economy, and this is one of the difficult circumstances where the centrality of the U.S. dollar imposes many hard choices upon other economies and policy makers, a British scholar has said.
Produced by Xinhua Global Service■
