BizBeat Ep. 703: Fed rate hike casts shadow on U.S. economic growth

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The U.S. Federal Reserve announced another hike on its benchmark interest rate on Wednesday, bringing it to the highest level in 22 years. The rise in borrowing costs weighs on both corporate lending and residential mortgages, casting a shadow on U.S. economic growth. In this episode of BizBeat, CGTN's Aaron Liu explains the implications.