Biden’s Hot Economy Stokes Currency Fears for the Rest of World
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Global governors and finance ministers express concerns about the surging US economy during the IMF-World Bank spring meetings. The strong US economy, characterized by high interest rates and a strong dollar, is causing other currencies to depreciate and complicating efforts to lower borrowing costs. Brazil warns of global repricing due to the Federal Reserve's higher-for-longer policy. The IMF and Germany's finance chief criticize the US fiscal stance. The article was published on April 19, 2024.



https://www.bloomberg.com/news/articles/2024-04-19/biden-s-hot-economy-stokes-currency-fears-for-the-rest-of-world