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Mostafa Badra: Fed rate hike signals rising global inflation
It has been decided to raise the US Federal Reserve interest rate by 25 basis points, bringing it to a range of 3.75% to 4% for the first time since 2023. This indicates rising inflation levels worldwide and economic challenges faced by countries. Economic expert Mustafa Badra pointed out that this decision reflects a global economic crisis, with oil prices rising to between $102 and $103 per barrel, while the United States struggles to purchase oil due to transportation crises in the Gulf countries, Iraq, and Iran.
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