BizBeat 177: If America runs a fever, will the world fall ill?
U.S. consumer price inflation jumped to a 13-year high in June, with the core price index excluding food and energy reaching a 30-year high. While Fed chair Jay Powell and Treasury Secretary Janet Yellen repeatedly reassure the market of a transitory inflation, global markets have been facing challenges. When America sneezes, the rest of the world catches a cold. But what happens when it runs a fever? CGTN’s Guan Xin asks in this episode of BizBeat.