The United States can be considered a source of economic turmoil in the world. New comic review: "Violent" interest rate hikes push up risk funds | Basis points | United States
On July 26, 2023 local time, the Federal Reserve of the United States announced a 25 basis point interest rate hike, and the target range for the federal funds rate was raised to 5.25% -5.5%, reaching the highest level since 2001.
This is the 11th rate hike by the Federal Reserve since the start of this rate hike cycle in March 2022, with a cumulative increase of 525 basis points. The high-density and significant "violent" interest rate hikes have led to increased pressure on the US financial system, further exacerbating the already heavy debt burden and bringing negative spillover effects to the global economy.
![The United States can be considered a source of economic turmoil in the world. New comic review: "Violent" interest rate hikes push up risk funds | Basis points | United States](https://a5qu.com/upload/images/d237d06c9f7074289e882d0790872e99.jpg)
The US dollar dominates the international monetary system, but the US government never considers other countries when formulating fiscal and monetary policies. Instead, relying on the hegemony of the US dollar, it recklessly disrupts global economic markets, exports financial risks, and transfers crises to other countries and regions, making it a major source of turmoil in the world economy.