Despite rate liftoff, Fed still thinking internationally

Prior to the summer market turmoil surrounding China’s stock market intervention and currency devaluation, most economists had expected the Federal Reserve’s first rate increase since 2006 to come Continue reading Despite rate liftoff, Fed still thinking internationally

People’s Bank of China again not following the Fed

Not only has the People’s Bank of China (PBoC) not followed in the Federal Reserve’s rate hike footsteps (rather, it began publishing an index of the renminbi Continue reading People’s Bank of China again not following the Fed