Why U.S. inflation will remain high until global trust is restored

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The U.S. Federal Reserve has raised interest rates by 75 basis points on Wednesday for the 3rd time in a row, raising a total of 300 points since March. Such radical monetary tightening is the first in nearly 40 years. Meanwhile, there is a serious crisis of confidence due to U.S. economic sanctions, trade wars and supply chain crises, as CGTN's Kate Kui argues in this episode of BizBeat.

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