The Interest Hike of Fed: How Will It Influence China And The World Economy?

Abstract

This paper reviews the background, impact and law of the previous Federal Reserve interest rate hikes, and on this basis analyzes the impact of this interest rate hike on the world's major economies. This paper holds that the impact of us dollar interest rate hike on China's asset prices, foreign debt repayment, RMB exchange rate and monetary policy is still under control, but the world economy with an already weak recovery is facing a recession crisis.