US Fed rate hike drags down global economy

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On Wed US Fed announced a rate hike by 75-basis <strong></strong>points, lifting the key benchmark federal funds rate to the highest level since 2008. The increase took a toll on the global stock market & led to spillover effects on other economies. Graphic: Feng Qingyin/GT

On Wed US Fed announced a rate hike by 75-basis points, lifting the key benchmark federal funds rate to the highest level since 2008. The increase took a toll on the global stock market & led to spillover effects on other economies. Graphic: Feng Qingyin/GT



 
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