Exclusive: Top finance officials at WEF: US interest rates hikes will impact the world

Top finance officials at WEF: US interest rates hikes will impact the world On Friday, January 21st, top global finance officials confronted rising inflation and the US Federal Reserve’s withdrawal of stimulus during an online World Economic Forum (WEF) panel discussion. Due to the ongoing Omicron pandemic, the annual WEF conference held in Davos, Switzerland again went fully online. As the global inflation problem persists into 2022, the US Fed’s anticipated move stirred up concerns at home and abroad – after the US inflation hit a near 40-year high in December, the Fed recently signaled that interest rate hikes would happen very soon. Median forecasts from a Reuters poll showed the Fed raising its key interest rate three times this year, starting in March, to % by end-2022, a significant upgrade from two hikes predicted in the December survey.