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Editor's note: The US consumer price index rose to a 40-year high in April, prompting the Federal Reserve to hike interest rates, which has created serious economic problems for economies around the world, especially developing economies. Will the Fed's move reduce inflation in the US? Or, will it end up derailing the global economic recovery? Three experts share their views on the issue with China Daily.

Latest Macro Report Highlights How War in Ukraine is Accelerating Structural Shifts in the Global Economic System KKR, a leading global investment firm, today announced the release of State of Play