With the U.S. inflation still high above the Federal Reserve's target, markets are pricing in another rate hike by the end of the year. In this episode of BizBeat, CGTN's Zhu Zhu argues that the interest rate hike of the U.S. will weigh on the global economy, as a strong dollar will lead to capital outflows and currency depreciation in emerging economies, and subsequently increase the risk of a global debt crisis.
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