“By raising the rate to 4.5% or even higher in a short period, the Fed will not only weaken the US own economy and hurt a huge number of US companies and households,” the text says.
Such a move, the author of the article emphasizes, would also cause shock waves in other major world economies, causing “a worldwide economic earthquake.
Earlier, the US Federal Reserve raised the base rate by 75 basis points - to the level of 3-3.25%.