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[Contribution] Fed's rate hike impact on US business investment and Korean exports

As we all know, the U.S. federal funds rate ― the policy rate of the Federal Reserve ― has gone up 475 basis points since March 2022. The key reason behind such steep hikes was to address inflation, which was at its highest in 40 years. While inflation comes from both demand and supply sides, raising the interest rate is a typical policy aiming at slowing demand growth and thereby promoting price stability. ....

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