What the fed’s done (again) to the world

UPSC Practice recommends What the fed’s done (again) to the world.

dollar rose over 1% after this week’s rate action by the Fed, and the two-year US treasury yield breached 4%. With the terminal Fed policy rate for the end of 2023 now being projected at 4.5-4.75% alongside an accelerated drawdown of its balance sheet, the US economy is expected to grow considerably below its trend this year and the next.

Courtesy: ET Editorial-Opinion-Economic Times

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