Walking a Tightrope

Hello. Today we look at signs that the global economy is off to a better-than-expected start to 2023, how Russia directs social assistance to poor families as part of its war strategy, and how a new rotation of FOMC voting members this year changes the thinking about the central bank’s hawks and doves.

The New Year has started well for the global economy — or at least not as badly as many had feared.