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Investors Brace for a Big Week of Insights Into World Economy
The world economy’s ability to rebound from its recent soft patch will be tested anew this week as data is released from Washington to Beijing. Federal Reserve officials conclude a meeting on Wednesday amid expectations they won’t change their monetary policy settings as counterparts elsewhere follow its dovish turn. A press conference by Chairman Jerome Powell will be eyed for insights into his view of the policy outlook as well as what he’s thinking about his inflation target and bond portfolio. “While the Fed is not expected to take any policy action at its May 1 meeting, there will be plenty of action ... (full story)