The Fed is raising rates at its fastest pace ever this year, statista.com reported. The key rate has been raised by 300 basis points since March, and analysts expect an additional 75bp increase at the November meeting. As the regulator has repeatedly stated, these measures are necessary to combat record high inflation, but this approach has raised fears in the United States and beyond.

According to the UN, the results of such aggressive tightening could be worse than the global crisis of 2008 and the pandemic of 2020. This opinion is cited in a report by UNCTAD (United Nations Conference on Trade and Development). The German edition DWN notes that the actions of the U.S. regulator provoked the growth of the dollar to its maximum in several decades and caused volatility in the markets. The IMF is also critical of the Fed's policy, writes the publication - as well as the UN, the fund warns that it causes economic turmoil, leading to a global recession.