Economics
Fed Has Time to Weigh Fallout of China's Turmoil
- Dollar, commodity impact from yuan cut could drag on inflation
- Fed has until March meeting to assess repercussions for U.S.
Inside the FOMC's Dec. Meeting Minutes
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Time is on the Federal Reserve’s side -- unlike the last time Chinese markets were in turmoil.
The People’s Bank of China lowered the yuan’s reference rate against the dollar by 0.5 percent on Thursday, the most since August moves that sent shock waves through global markets and helped to delay a then-anticipated September rate increase by the Fed. This week’s action roiled equities and raised fresh questions about China’s economic strength.