Prepared for the worst

US interest rate hikes unlikely to trigger another financial crisis in Southeast Asia

By HUANG YUTAO The author is an assistant researcher at the Institute of World Economics and Politics at the Chinese Academy of Social Sciences. This article was contributed to China Watch, a think tank powered by China Daily. The views do not necessarily

In the face of the soaring inflation, the US Federal Reserve has no choice but to raise its benchmark interest rate to control commodity prices. The consumer price index in the United States rose 1.3 percent in June, or aggregately 9.1 percent over the...

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