Euro interest hike pressures Fed
The European Central Bank raises its benchmark interest rate ahead of the Fed for the first time in 4 decades.
"The move from the ECB highlights how isolated the Fed is on inflation policies and interest rates -- the European Union, India, Poland, Brazil and China have now all raised interest rates"
This shows one how acute your misunderstanding of the Fed and Monetary Policy in general really is.
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Consumers are very status conscious in Asia, Africa and other emerging-market areas. This is especially true in China.
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