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Bangkok Post
Bangkok Post
Business

Beware the global ripple effect from Fed rate hike

Inflation Fed Funds Rate United States US Federal Reserve ECB Economy Recession

At its June 14-15 meeting, the Federal Reserve decided to hike its Fed Funds Rate by 75 basis points, the largest single hike since 1994, to 1.5-1.75% in order to tame inflation.

In addition, the Fed downgraded its economic growth projection and raised unemployment and inflation rate projections significantly, hinting there will be a substantial hikes to tame continued inflation.

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