1. For Americans, the most direct manifestation is that the cost of borrowing money has gone up, but the interest on deposits has gone up. At this time, it is obvious that everyone's desire for consumption will be reduced, so it is better to save money first. At this time, the first phenomenon will appear: everyone wants to change their money into dollars, and everyone wants to invest or save in the United States.

2. For emerging markets and some economies with poor resilience, capital will flee and quickly return to developed countries centered on the United States or the dollar.

3. At the same time, the interest rate hike in the US dollar means that the cost of borrowing money has increased, that is, in the past, as long as the interest of 50,000 US dollars was repaid every month, now it needs to repay 65.438 billion US dollars, and the profit margin has been further compressed, and even upside down may occur.

Everyone will be pushed away by the pressure of debt. In order not to be in debt, everyone will take out their money to pay off their debts. Because the principal is borrowed in dollars and the natural interest is paid in dollars, it is the most urgent thing for businessmen to scramble to exchange foreign exchange for dollars to pay their debts.