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Charting the Global Economy: Fed, ECB Policies May Diverge
The Federal Reserve and European Central Bank forged ahead with interest-rate hikes this week, though Washington policymakers signaled they’re in the final round of their inflation fight. The tale of the tape: ECB President Christine Lagarde acknowledged there is “more ground to cover” and the central bank isn’t pausing because of “significant” inflation. Fed Chair Jerome Powell hinted officials may have room to stand pat and assess the impact of their policy tightening against a backdrop of stress in the banking system. Here are some of the charts that appeared on Bloomberg this week on the latest ... (full story)