Estimated reading time: 0 minutes, 18 seconds

China’s Currency Devaluation Could Delay Interest Rate Hike

Fears that China’s recent currency devaluation will make U.S. products less attractive in the country and stymie demand for natural resources may make it less likely that the Federal Reserve will raise interest rates next month. So reports CNN Money.

The currency devaluation has caused equity volatility across the globe.

Read the full article from CNN Money.

Read 5596 times
Rate this item
(0 votes)

Visit other PMG Sites: