EconomyFed rate hike risks worsening China’s economic divide
The US Federal Reserve has raised interest rates for the first time in three years, seeking to curb inflation partly driven by fuel prices lifted by the war on Iran. Policymakers unanimously approved a 25-basis-point increase to 3.75-4.00 per cent, while 16 of 18 members foresee another hike this year, risking a deeper divide in China’s economy.
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South China Morning Post★★★★☆2026-09-17 09:00Original
Fed rate hike risks worsening China’s economic divide
Economy