Federal Reserve rate hikes drive capital flight and sharp economic divide across Asia - Hiru News
Federal Reserve rate hikes drive capital flight and sharp economic divide across Asia - Hiru News
Source: Hiru News
―
DW NOTE
The Fed raised rates while the Strait of Hormuz remains closed and global oil supply is falling by 5.7 million barrels per day. That's a decision to tighten into a supply shock — one that hits emerging Asia far harder than the U.S. Capital flight isn't a side effect; it's the mechanism.