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Fed needs to make concessions on rate hikes, consider global economy

01:34

In this Biz Insights, Stephen Innes, managing director of SPI Asset Management, mentioned that the Federal Reserve plays a crucial role in the global currency market, but as the economies of Europe and China improve, the euro and yuan will likely strengthen further. The U.S. Fed primarily focuses on the US economy, but it has to consider the global impacts of its rate hike policies to avoid a potential currency crisis.

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