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All eyes on the Fed when they should be on the G-8
Of two big events occurring this week -- the G-8 Summit in Northern Ireland and the policy meeting of the U.S. Federal Reserve -- which do you expect will attract more attention in economic policy circles and markets? It should be the former but will likely to be the latter. Understanding why says a lot about the world we live in today. The G-8 Summit should be the most consequential economic attraction this week. After all, these Summits don't happen often, especially when compared to the frequency of Fed meetings. They convene powerful countries represented by their highest elected officials. And they start with ... (full story)
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