GLOBALink | U.S. Fed rate hikes leave emerging countries vulnerable: Indonesian expert-Xinhua

GLOBALink | U.S. Fed rate hikes leave emerging countries vulnerable: Indonesian expert

Source: Xinhua

Editor: huaxia

2022-10-14 00:00:48


JAKARTA, Oct. 13 (Xinhua) -- Since March, the U.S. Federal Reserve has lifted interest rates five times, boosting the Fed's benchmark interest rate to a range of 3 to 3.25 percent.

Mohammad Faisal, an Indonesian analyst, said that a stronger U.S. dollar arising from the Fed's interest rate hikes will intensify pressure on other economies, and leave emerging markets particularly vulnerable.


Produced by Xinhua Global Service

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