The US Federal Reserve has resumed rate hikes for the first time in three years, while the Bank of Japan has also raised rates to 1.25%. With energy prices elevated and inflation pressures persisting, central banks are turning more hawkish. Will tightening continue? And what does it mean for the dollar, yen,  renminbi, bonds and gold? This week on BizTalk, we take a closer look at the new global rate cycle and its market impact.