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The Fed recently raised the policy interest rate by 50 basis points to 1 percent, and announced that it expects to raise rates by the same amount at the next two Federal Open Market Committee (FOMC) meetings. At the same time, it is also reversing its policy of asset purchases (quantitative easing) which had pushed More
The post Will US Rate Hikes Harm Developing Countries? appeared first on CounterPunch.org.
This content originally appeared on CounterPunch.org and was authored by Joe Sammut.