BizBeat Ep. 488: Why U.S. inflation will remain high until global trust and trade are restored

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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