Us media： the fed’s continued interest rate hike aggravates the debt burden or triggers the us economic recession.

　　Data map: Federal Reserve Chairman Powell

　　Overseas Network May 4th According to a report by Fortune magazine on May 4th, the Federal Reserve announced on the 3rd that it would raise interest rates again to curb inflation, which will aggravate the debt burden of consumers and enterprises.

　　According to the report, since the Federal Reserve began to raise interest rates in March 2022, the interest rates of credit cards, mortgages and auto loans have been soaring. This interest rate hike will make the above interest rates continue to rise, which will bring heavy loan costs to consumers and enterprises, and will make consumers who borrow money to buy large items suffer a heavy blow.

　　The report also mentioned that economists also expressed concern about the Fed’s continuous interest rate hike for 10 times, arguing that this move may lead to an excessive slowdown of the US economy and even a recession.

　　Recently, many American media expressed concern about the news that the Federal Reserve is about to raise interest rates. The New York Times issued a document on May 2, saying that three American banks were closed within two months this year, and the Fed’s interest rate hike was the catalyst. With the Fed’s further aggressive interest rate hike, the collapse of the three banks is only the beginning, and other parts of the US financial system may also be under pressure. (Overseas network Liu Qiang)