The US inflation "high fever is not retreat", the anti -inflation policy may drag the global economy

In June this year, the US Consumer Price Index (CPI) increased by 9.1%year -on -year, a new 40 -year high. American inflation has continued to soar, and the level of prices remained high, making the American people miserable and felt "unbearable". Many people had to change their lifestyle. 88%of respondents believe that the United States is on the wrong road. Faced with the inflation of "high fever", the Federal Reserve's radical interest rate hike has become a market consensus, which will not only further exacerbate the risk of "hard landing" in the US economy, but also endanger the stability of the global economy.

"New York Times"--

"Their savings are getting less and less, and the cost of life is getting higher and higher"

The US Treasury Secretary Yellen recently stated again that she cheered the US economy, saying that she had not seen any signs that the US economy was in a large -scale decline and said that it was believed that the Fed would successfully fight inflation. However, the American people really feel the tremendous pressure and changes brought by high inflation to life.

31 -year -old Kate Johnston lived in the Dallas area. During the epidemic, she received the expanding unemployment insurance and two disposable checks of the government, which once relieved her worry about money. However, this is unable to compete with the inflation that follows. She said, "The savings are almost spent now, because things become too expensive." Gasoline becomes more expensive, and she can only add 1/4 fuel tank gasoline each time. As the rent rises sharply, she is considering lease with others. "This really makes me feel, no matter what I want to do, I have to put it on."

According to the Los Angeles Times, the inflation rate in the United States in June reached 9.1%, a new 40 -year high. Source: "Los Angeles Times" website

The New York Times said that millions of Americans have similar feelings, "their savings are getting less and less, and the cost of living is getting higher and higher." Now, the US economy seems to be slowing down, which may slow down, which may limit wage growth and lead to unemployment, and prices are still rising. The report pointed out: "The problem now is stubborn high inflation."

Inflation is at the highest level of history, and Americans are increasingly anxious about economic recession. The second quarter market cognitive research of Andlian Life Insurance found that most Americans said that their income could not keep up with rising expenditures. 82%of Americans said they were worried that continuous inflation will continue to have a negative impact on their purchasing power in the next 6 months. 66%of Americans are worried that the big recession is coming.

The continuous record inflation has exacerbated people's collective fear. Kelly Laviene, vice president of Ailian Life Northern American Corporation, said: "The rise in the price of living necessities such as food and gasoline is impacting the bank account of Americans. Some people may have used their savings to make up for the initial price increase in the short term. . However, with the delay of this situation, concerns about how inflation will affect long -term purchasing power and savings is increasing. "

Associated Press--

Many people seek food relief for the first time, and many people walk to pick up food

"The situation is already very severe." Said Elizabeth Annat, a professor of economics at the Parnard College, said that she studied the impact of the epidemic on low -income families, and the United States was "much worse than a few months ago." The Associated Press even bluntly stated that as US inflation reached a high level, the food bank began to lift up in front of the door. The US -working class has helped to help food to help them live. As gasoline prices and food prices soared, many people sought food relief for the first time, and many people walked to collect food.

There are long lines outside the Gate of St. Mary Food Bank of Finix, USA, and Tomasina John is one of them. She said that their family had never received relief food before. "However, if there is no help, it is really impossible to pass the difficulty now." They had to travel with their neighbors to share the cost of gasoline, "the oil price is too high."

According to the US Broadcasting Corporation, with the high inflation, the US Food Bank lined up again. Source: US Broadcasting Corporation Website

The National Public Broadcasting Station reported that inflation is hitting rural areas, and may even force people to rush to cities to alleviate economic pressure. Professor Dave Peters of Aiwa State University has been studying the impact of inflation on the residents of rural communities. He found that this year alone, the spending of Americans in rural areas increased by 9.2%, but their income increased by only 2.6%.

Peter said that the main impact is that fuel rises, especially for farmers, they are worried about rising gasoline prices. The worst areas affected by inflation in rural areas are travel. Due to the lack of public transportation, residents in rural areas in the United States have to drive to work, go to school, see a doctor, and buy daily necessities. Compared with two years ago, rural families pay more than $ 2,500 gasoline costs each year.

Peninsula TV--

The US anti -inflation policy will destroy the economy of developing countries

The high inflation in the United States has a profound impact on the United States and the world. Bloomberg News pointed out that many changes brought about by high inflation affected Americans, and the rising house prices forced many people in their 30s, 40s, and 50s to move back to their parents' homes. Young people who are constrained at hand are carefully calculating, but more money is used to pay for rent. 9.1%of inflation means that pressure is larger than ever.

A poll issued by Montmoma University in early July shows that in the past year, the number of Americans in the financial dilemma increased at a rate of double digits. 42%of the respondents said they were falling into a financial dilemma, most of the United States People say that their economic pains are caused by the failure of the US federal government policy. The government's policy has not benefited the middle class and poor families, and there are still differences in Congress. 88%of the respondents believe that the United States is on the wrong path. At the same time, the US's radical policy of inflation seems to be a "poison" for the global economy. The Wall Street Journal reported that Fed officials said that if they were forced to make choices between inflation and preventing economic recession, they would choose the former. Fed officials are expected to raise interest rates by 0.75 percentage points this week, making the federal fund interest rate range of 2.25%to 2.5%.

The Qatar Peninsula TV states that the US anti -inflation policy will destroy the economy of developing countries. The article said that interest rate hikes will not be limited to the United States, because high interest rates will increase the cost of borrowing global markets in the global market. Compared with other currency assets, it also increases demand for US dollar assets. Therefore, interest rate hikes will lead to depreciation of other currencies. For countries where debts are denominated in the US dollar, the cost of repaying debts will be very high.

Ji'an Melesey Fedti, former deputy director of the International Monetary Fund Research Department of the Brookings Society of the United States and the former deputy director of the International Monetary Fund Research Department, said in an article in "Foreign Affairs" that the US interest rate hike may cause devastating in emerging markets and developing countries. Influence, these countries mainly rely on the US dollar to conduct international loans. The consequences of these effects will be terrible for low -income countries. In fact, compared with richer countries, these countries have heavier debt, higher borrowing costs, and easier to borrow loans than other countries. This is particularly unfavorable for emerging markets and development. The impact of the epidemic. The most likely is that these countries will suffer greater debt pressure due to the floating currency, which hinders economic growth and makes it difficult for them to reduce poverty.

Reporter: Li Zhiwei Responsible Editor: Mang Jiochen

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