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What if the Fed doesn't lead?


While U.S. inflation is accelerating, elsewhere in the world it's surprising to the downside, suggesting other major central banks could cut rates first. The good news is that equities still rise and the dollar tends to weaken in these instances, as long as the Fed eventually follows. A more worrisome development would be if the Fed increases rates while other parts of the world are easing policy.

Ned Davis Research | Economics | Global Focus | Weekly

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