U.S. Fed's rate hikes lead to currency devaluation, inflation worldwide

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U.S. Fed's rate hikes lead to currency devaluation, inflation worldwide

STORY: U.S. Fed's rate hikes lead to currency devaluation, inflation worldwide DATELINE: Sept. 23, 2022 LENGTH: 00:02:06 LOCATION: Beijing CATEGORY: ECONOMY SHOTLIST: 1. various of the U.S. Federal Reserve and U.S. dollar related footage 2. SOUNDBITE 1 (English): JAMES MORRISON, Associate professor, London School of Economics and Political Science 3. SOUNDBITE 2 (English): MIR MOHAMMAD ALI KHAN, Former investment banker at Wall Street 4. SOUNDBITE 3 (Turkish): MURAT TUFAN, Analyst with Turkish broadcaster Ekoturk STORYLINE: The U.S. Federal Reserve on Wednesday enacted the third consecutive three-quarter-point rate hike as it continued to ramp up its fight against surging inflation. Experts have warned of various negative impacts of the rate hikes on the global economy, including currency devaluation and high inflation. SOUNDBITE 1 (English): JAMES MORRISON, Associate professor, London School of Economics and Political Science "Will there be negative effects in the global economy by these rises in intere

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