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Overseas Headlines – March 16, 2022

United States:

Fed to Hike and Steepen Its Rate Policy Path: Decision-Day Guide

“The Federal Reserve is poised to raise interest rates Wednesday for the first time since 2018, with investors focused on how aggressive central bankers plan to be in tackling the hottest inflation in four decades.”

https://www.bloomberg.com/news/articles/2022-03-16/fed-to-hike-and-steepen-its-rate-policy-path-decision-day-guide?srnd=economics-vp

Europe:

Bank of England Plays Tough Cop in U.K. Economy Role Switch

“Like they did after the 2008 crash, the U.K.’s two economic policy heavyweights are playing good cop-bad cop. It’s just that this time they’ve swapped roles.”

https://www.bloomberg.com/news/articles/2022-03-16/bank-of-england-plays-tough-cop-in-u-k-economy-role-switch?srnd=economics-vp

Asia:

China Makes Strong Vow to Ease Crackdowns After Market Turmoil

“China made a strong push to stabilize battered financial markets, promising to ease a regulatory crackdown, support property and technology companies and stimulate the economy. The government should “actively introduce policies that benefit markets,” according to a meeting of China’s top financial policy committee led by Vice Premier Liu He, the country’s top economic official.”

https://www.bloomberg.com/news/articles/2022-03-16/china-vows-to-keep-markets-stable-and-handle-developers-risks?srnd=economics-vp

 

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