BizBeat 421: Why developing countries face pain from Fed rate hikes

50 basis points in May and then 75 basis points in June! The Fed needs to watch out for the repercussion of its rate hikes, which some say can push not only the U.S. economy into a recession, but middle and low-income countries as well. In this episode of BizBeat, CGTN's Michelle Van den Bergh will shed light on why the developing countries are vulnerable to the rates hikes.

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