The bigger concern for many countries could be that local rate hikes may do little to slam the brakes on their nose-diving currencies because their economies look more fragile than the US.
The Chinese currency, with its 30% weight in the MSCI Emerging Markets Currency Index, is pushing the gauge to the worst year since 2015.
This week's scrubbed Artemis launches are the latest reminders of that ongoing, sorry legacy.
"Just loyal enough to keep her job at the cabinet table under three prime ministers, just dissenting enough to stay interesting." The Economist considers Boris Johnson's replacement as UK prime minister, Liz Truss.