By Li Haitao, Dean’s Distinguished Chair, Professor of Finance and Associate Dean, Cheung Kong Graduate School of Business Inflation has become a global problem. In May, the US’s year-on-year (YoY) CPI was 8.6% whereas its Core Personal Consumption Expenditure (PCE) Price Index was 4.9% on a YoY basis, both recorded at the highest level in the past four decades. The Euro zone and …
Continue reading “Interest Rate Hike and the Risks of a Hard Landing in the US”
Tag: interest rate, inflation, US economy
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