War Forces G-7 Officials to Pencil in Possible Rate Hikes
If Warsh pushes for a US rate cut, it’s likely to go against the grain of G-7 action as soon as June.
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I’m Craig Stirling, a senior editor in Frankfurt. Today we’re looking at the outcome of a week of interest-rate decisions across the Group of Seven. Send us feedback and tips to ecodaily@bloomberg.net. And if you aren’t yet signed up to receive this newsletter, you can do so here.
Stephen Miran’s lone call for a US interest-rate reduction this week — in contrast to the hawkish leanings of some of his colleagues — once again ended up standing out far beyond the shores of America.