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China Research Head Says Fed Caused Market Crash

Is Ray Dalio hinting at this?

According to the head researcher of the Chinese central bank, it wasn't China's slowing economy or the commodity sell off that led to the global market meltdown of the last few sessions, the equity market crash was actually caused by the expectation/fear of a Fed rate hike in September.

The chief of the People's Bank of China's Research Institute of Finance, Yao Yudong, commented to China's state news agency Xinhua on Tuesday that the anticipation of the looming U.S. Fed rate hike had been the "trigger" for the extreme market volatility. He argues that analysts all across the globe were concerned that a Fed rate hike could lead to a...


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