Economics
What Happened This Week in the World Economy and Why It Matters
- Weekly take on events in the world economy and their impacts
- Fed hikes interest rates, U.S. and China step up tariffs
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Predictable, and still a bit jarring: The Federal Reserve forged ahead on the tightening path, and big-buck tariffs between the U.S. and China took effect, plunging those two economies further into trade hostilities.
Meanwhile, the Bank for International Settlements warns that central banks aren’t ready for a storm that could be coming.