U.S. Fed rate hikes leave emerging countries vulnerable: Indonesian expert

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U.S. Fed rate hikes leave emerging countries vulnerable: Indonesian expert

STORY: U.S. Fed rate hikes leave emerging countries vulnerable: Indonesian expert DATELINE: Oct. 13, 2022 LENGTH: 0:01:45 LOCATION: Jakarta CATEGORY: ECONOMY SHOTLIST: 1. SOUNDBITE 1 (English): MOHAMMAD FAISAL, Executive director of Center of Reform on Economics Indonesia 2. SOUNDBITE 2 (English): MOHAMMAD FAISAL, Executive director of Center of Reform on Economics Indonesia 3. various of the U.S. Federal Reserve and street views 4. various of Indonesia STORYLINE: Since March, the U.S. Federal Reserve has lifted interest rates five times, boosting the Fed's benchmark interest rate to a range of 3 to 3.25 percent. Mohammad Faisal, an Indonesian analyst, said that a stronger U.S. dollar arising from the Fed's interest rate hikes will intensify pressure on other economies, and leave emerging markets particularly vulnerable. SOUNDBITE 1 (English): MOHAMMAD FAISAL, Executive director of Center of Reform on Economics Indonesia "The standpoint of the Federal Reserve is very very clear that they will be fightin

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