View full page at cryptocraft.com

 

Biden’s Hot Economy Stokes Currency Fears for the Rest of World

From bnnbloomberg.ca

As Joe Biden this week hailed America’s booming economy as the strongest in the world during a reelection campaign tour of battleground-state Pennsylvania, global finance chiefs convening in Washington had a different message: cool it. The push-back from central bank governors and finance ministers gathering for the International Monetary Fund-World Bank spring meetings highlight how the sting from a surging US economy — manifested through high interest rates and a strong dollar — is ricocheting around the world by forcing other currencies lower and complicating plans to bring down borrowing costs. Just as officials ... (full story)

Story Stats

  • Posted:
  • Category: Fundamental Analysis