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Copyright © 2024 CGTN. 京ICP备20000184号
Disinformation report hotline: 010-85061466
The Fed needs to make concessions in rate hikes or could risk triggering a currency crisis, warned Stephen Innes, managing director at SPI Asset Management.
Since last September, the Fed has held the rates steady for the sixth consecutive time. The negative impact of its high-rate policy has led to a sharp drop in the Japanese yen's exchange rate.