A sign of the times when central banks make decisions based upon what is happening elsewhere in the world.
“Fed Worried About Slowing Global Growth in Pausing Rate Increases” read the headlines in the New York Times.
Jim Tankersley begins his article by writing “Federal Reserve officials were worried about slowing economic growth abroad…when they decided in March to pause interest rate increases and cut economic growth forecasts for 2019...”
“Some Fed officials raised concerns that complications with Britain’s withdrawal from the European Union or the Trump administration’s trade talks with China could further