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Economic fallout of U.S.-led war is hitting the rest of the world harder washingtonpost.com
Because of greater exposure to disruptions in the Middle East, such as high natural gas prices, businesses and consumers outside the U.S. are being hit harder by the war in Iran. Source: washingtonpost.com
Even Jerome Powell doesn’t know what’s going on with the economy cnn.com
In normal times, the Federal Reserve would more or less ignore an oil price shock like the one we’re in now. Source: cnn.com
Japan’s economy needs higher interest rates and the BOJ’s indecisiveness is hurting it: CLSA cnbc.com
Nicholas Smith of CLSA discusses why he is confident the Bank of Japan will raise interest rates in April, how higher energy prices factor into rate decisions, and he expects from Japanese Prime Minister Sanae Takaichi’s visit to Washington. Source: cnbc.com