Eyes are on the U.S. Federal Reserve this week to see what will be decided at the two-day meeting of the Federal Open Market Committee.
As the U.S. fights inflation, watchers say the Federal Reserve is likely to give us more details on its rate hikes and tapering.
For a closer look, Professor of Economics Yang Jun-sok from the Catholic University of Korea is with us.
Professor Yang, thanks for joining us.
What do we expect to hear from the Fed this week?
Wall Street's been reacting already as seen in the huge volatility so far this year.
What impact could the Fed's statement have on the U.S. stock market?
What about the Korean stock market? And the impact on global markets?
Meanwile, the International Monetary Fund has lowered its global economic growth outlook for this year.
The Omicron variant is spreading fast and tensions are growing between the U.S. and Russia over Ukraine.
Is there also a possibility that the Fed could slow down its tightening policies considering all these factors?
Professor Yang Jun-sok from the Catholic University of Korea. Many thanks for your insights.