Li Xunlei, chief economist of China and Thailand International, said at the Tsinghua Wudaokou Chief Economists' Forum on September 19 that the results of the Federal Reserve's interest rate hike are not necessarily good. In the past, US economic growth was consumption-driven. Since last year, US capital expenditure has increased dramatically, and it has begun to invest mainly in electronic semiconductor industries such as artificial intelligence. Such industries are not sensitive to prices, and corporate gross margins are high. Under such circumstances, the Federal Reserve's interest rate hike may not have a good effect on controlling inflation; inflation is likely to rise and fall.

Li Xunlei, chief economist of China and Thailand International, said at the Tsinghua Wudaokou Chief Economists' Forum on September 19 that the results of the Federal Reserve's interest rate hike are not necessarily good. In the past, US economic growth was consumption-driven. Since last year, US capital expenditure has increased dramatically, and it has begun to invest mainly in electronic semiconductor industries such as artificial intelligence. Such industries are not sensitive to prices, and corporate gross margins are high. Under such circumstances, the Federal Reserve's interest rate hike may not have a good effect on controlling inflation; inflation is likely to rise and fall.