The World’s Central Banks Aren’t Following the Fed’s Lead Anymore
Bloomberg reports that diverging paths on interest rates are a sign that America’s global influence is diminishing.
All politics, the saying goes, is local. Is the same true of economics? In the past, not so much. Right now, more and more. Cast your minds back to the 1990s and early 2000s—the era of go-go globalization, and the unipolar moment for US economic heft and geopolitical power. Stock markets around the world marched to the beat of Wall... ...
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