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The Great Divergence

The People's Bank of China in Beijing

The People's Bank of China in Beijing

Photographer: Andrea Verdelli/Bloomberg
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Hello. Today we look at how the monetary policies of China and the U.S. are diverging, Taiwan’s economy and the role of Bitcoin as a hedge against inflation.

Federal Reserve Chair Jerome Powell paved the way Wednesday for a round of interest rate hikes that could go faster, further and more frequently than financial markets had been anticipating.