The world’s central banks are wrestling with a gigantic problem
Jeff Sommer·
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Surging inflation, an economic slowdown, and uncertainty over how long the energy shock set will last has forced central banks to adjust.
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Japan Times · Jeff Sommer
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The Federal Reserve said on Wednesday that it needed to hold rates steady because “developments in the Middle East are contributing to a high level of uncertainty about the economic outlook.” | Anna Rose Layden / The New York Times
Excerpt limited to ~120 words for fair-use compliance. The full article is at Japan Times.
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