G20 summits do not always set the pulse racing, but this week's gathering of finance ministers and central bankers in Moscow has a better chance than most of grabbing the attention of financial markets.
The policymakers meet at a sensitive time with the U.S. Federal Reserve intent on slowing, then exiting a bond-buying program that has been creating $85 billion a month, and Beijing trying to rebalance the world's most dynamic economy.
http://finance.yahoo.com/news/g20-seek-reassurance-u-fed-233011600.html
The policymakers meet at a sensitive time with the U.S. Federal Reserve intent on slowing, then exiting a bond-buying program that has been creating $85 billion a month, and Beijing trying to rebalance the world's most dynamic economy.
Chinese growth slowed only moderately in the second quarter and after causing ructions in world financial markets, Fed Chairman Ben Bernanke has been at pains to stress he will only halt the money-printing presses if he sees stronger evidence of U.S. recovery.
Nonetheless, the Group of G20 leading economies will seek reassurances that neither will upset the apple cart.http://finance.yahoo.com/news/g20-seek-reassurance-u-fed-233011600.html
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