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Everybody calling for the Fed to admit defeat is wrong

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In December 2015, the Federal Reserve raised rates for the first time in nine years. And then markets got really, really choppy. Following the Fed’s announcement stocks around the world got hammered, the Bank of Japan introduced negative interest rates, and the discussion gravitated not towards when the Fed would next raise interest rates but...
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Greek reform quality a concern, Cyprus has done well: Eurogroup’s Dijsselbloem

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BRUSSELS (Reuters) – International lenders are concerned with the quality of reforms in Greece, in exchange for which Athens is getting loans, the chairman of euro zone finance ministers Jeroen Dijsselbloem told the European Parliament’s economic committee on Thursday. Dijsselbloem said that while politically difficult for the Greeks, the government still needed to implement a...
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This is what a $700 billion bond-market bubble looks like

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Two of world’s most important central bank governors, Japan’s Haruhiko Kuroda and the euro zone’s Mario Draghi, have both said there’s “no limit” to what they’ll do to loosen monetary policy this year. This is because they’ve set themselves inflation targets that they just can’t hit at the moment. Not only that, their economies are...
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