EconomyWhat the US’s first rate hike in three years means for the world and China
The Federal Reserve unanimously raised its interest-rate range from 3.5%-3.75% to 3.75%-4%, citing inflation that is too high and has lasted too long. Donald Trump had urged cuts but backed Kevin Warsh after the decision while attacking the board. The article contrasts US imported inflation with China’s weak demand and low inflation, warning that a wider rate gap makes Chinese easing riskier.
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BBC Chinese★★★★☆2026-09-17 06:54Original
What the US’s first rate hike in three years means for the world and China
Economy