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In recent years, under the influence of U.S. monetary policy, the global economy has been in crisis.
Driven by U.S. policies, the economies of many countries have been hit hard. The United States first put its main position in Europe, and many European countries are facing heavy financial pressure under the frenzied harvest of the United States.
When Europe was looted by the United States, the United States shifted its front and began to harvest China's economy strongly.
It was originally planned to cut interest rates in March 2024, but the Fed suddenly announced some time ago that not only is it not in a hurry to cut interest rates, but will further push the dollar interest rate higher.
If the Fed cuts interest rates, it will be of great benefit to the recovery of the global economy, but it is not conducive to solving the problem of economic expansion in the United States.
Judging from the data previously released by the United States, under the influence of a variety of policies, the inflation problem has been curbed to a certain extent, and the economic growth trend of the United States in 2023 is obvious.
Against this backdrop, the Fed has signaled a rate cut.
Now, a few months into 2024, the Fed has been slow to introduce measures to cut interest rates, and has even maintained a very cautious attitude towards the issue of interest rate cuts.
Perhaps at the beginning, the Fed is still waiting for the right moment, hoping that there will be more positive news before it can implement a policy of cutting interest rates. For example, inflation data fell further.
In fact, the U.S. has been hesitant to cut interest rates, often considering complex multilateral factors.
Due to various factors, the Fed is not in a hurry to pursue a policy of cutting interest rates.
Recently, the value of the dollar has increased again, and the global financial turmoil has been ignited again. Only this time, the United States has targeted China, hoping to alleviate the growing problems faced by the United States by harvesting China's economic wealth.
You must know that the current U.S. economy is in a very complex state, and the Federal Reserve still maintains an upward trend in the treatment of monetary policy due to its job responsibilities.
Especially as inflation remains a serious problem, the Fed may continue to maintain a policy of high interest rates.
However, in the case of the Fed's frenzied harvesting, China's economy has not been greatly affected by this crazy move of the United States, but the Japanese exchange rate has fallen sharply.
At the same time, the currencies of other Asian countries are also facing depreciation. As the strengthening of the dollar becomes more and more obvious, it will continue to swallow up a large amount of money in the international community, causing financial crises in various countries, and the exchange rate will fall accordingly.
In addition, the current international situation is turbulent and the situation is becoming more and more serious, regardless of the increasingly tense situation in the Middle East.
It is still the Russia-Ukraine conflict that has not ended, or the United States has been trying to use means to destabilize the situation in the South China Sea and other regions. The combination of various factors has made the current international economic situation more uncertain and uncertain.
At the same time, there is a large amount of data showing that 2024 is not only a year of recession for the global economy, but also an important event for the U.S. economy to explode, especially when the U.S. presidential election is about to be held, and the U.S. government hopes to increase the probability of Biden's victory through economic growth.
But the U.S. government is already in a state of contradiction in the face of current demand, whether it is inflation or economic stimulus.
If prices in the United States can fall, it will solve the current inflation problem. This did not happen, so it is unlikely that the United States will launch a policy of cutting interest rates at this time.
Under the manipulation of the US government, the value of the US dollar has been further increased, and the Asian financial market is facing an extraordinary storm, and the financial order in Asia will be changed as a result.
At such a critical juncture, the Chinese side has sent a strong signal. It is reported that China has recently fired the first shot against the hegemony of the dollar.
The United States has taken China as its main target in this economic harvest, trying to short China through a large amount of capital. Faced with this situation, the central bank of the mainland fought back.
Under the counterattack of the central bank, the exchange rate between the offshore yuan and the US dollar has risen by 5 points in late trading.
Many people may not be sensitive to this data, and even think that it is an insignificant data, but in fact it can effectively fight back against the harvest of the United States.
Especially in the case of the crazy depreciation of some Asian currencies such as the yen, as long as the value of the US dollar falls, the value of the RMB will increase instantly.
While Asian currencies have suffered heavy losses in this financial harvest, the renminbi has remained strong, which is the result of some of the mainland's previous responses to the hegemony of the dollar.
Under the strong harvest of the US dollar, the RMB exchange rate is still in a stable state, which can also drive Asian countries to effectively deal with this financial risk.
In order to better cope with the harvest of the global economy by the United States, the mainland has not only established a stable settlement system, but is also actively planning a new international settlement model with other countries.
This model is different from the previous settlement model and does not include US dollars.
What do you think about the US dollar interest rate hike? Welcome to discuss it in the comment area!