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Will a less dovish Fed hold back other central banks?


The Fed has not dissuaded many other central banks from easing policy in this current cycle. History suggests that short Fed easing cycles have not deterred other major central banks, like the ECB and BoE, from easing more aggressively. There could, however, be some second-round inflation effects stemming from the Fed's relative hawkishness, especially to emerging markets.

Ned Davis Research | Economics | Global Focus | Weekly

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