Global connection ｜ The Federal Reserve ’s great interest rate hike boosted the worries of economic recession

Faced with the continuous high inflation, the Federal Reserve announced on the 15th that 75 basis points raised interest rates, raising the federal fund interest rate target range to 1.5%to 1.75%.This is the Federal Reserve's maximum rate hike since 1994.On June 16, as the market was concerned about the Fed's abnormal radical rate hike measures, the US economy would fall into a decline, and the three major stock indexes in New York's stock index fell sharply: the Dow Jones Industrial Average fell below 30,000 points, and the Nasdaq comprehensive index fell 4. 4%, Standard & Poor's decline of 3.25%.

Reporter: Xia Lin Liu Yan, Xie Yan

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Produced by Xinhua News Agency International Communication integration platform

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