China’s recovery may mean the Fed will have to hike rates longer

(CNBC) As the end of China’s stringent Covid restrictions quickens the country’s economic recovery, concerns about pent-up Chinese demand — and the inflation that may follow — could mean bad news for the U.S. Federal Reserve. Economic data indicates that the Fed’s aggressive rate hikes are pulling down U.S. inflation, but China’s demand could make commodity prices return to levels from early 2022.

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