Ghosts of crises past haunt policymakers and markets
A hawkish turn by the Federal Reserve has woken up world markets to the prospect that policymakers might soon start withdrawing monetary and fiscal stimulus and the risk of too-hasty action that could choke off the economic recovery before it is secured.
Fed officials have brought forward expectations for U.S. interest rate rises to 2023 from 2024 and opened talks on how to end crisis-era bond buying.
Norway could lift rates as early as September, while strong New Zealand data has prompted economists to bring forward rate hike expectations there. Germany’s Jens Weidmann and Austria’s Robert Holzmann this week became the first European Central Bank officials to openly debate winding down its 1.85 trillion euro ($2.2 trillion) pandemic emergency stimulus.
Fed, ECB minutes and all eyes on China inflation
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Rising Delta virus, absent Brits dampen Europe s tourism hopes
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Analysis - Ghosts of crises past haunt policymakers and markets
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Analysis: Ghosts of crises past haunt policymakers and markets
reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.