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Rising interest rates in U.S. will hinder foreign economies

When the Federal Reserve raises interest rates — as it did Wednesday — the impact doesn’t stop with U.S. homebuyers paying more for mortgages or Main Street business owners facing costlier bank loans. The fallout can be felt beyond America’s borders, hitting sho...
United States Sri Lanka Liliana Rojas Suarez Alan Greenspan Kristalina Georgieva Eric Lecompte

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Russia and China water down G20 text on geopolitical tensions; finance chiefs pledge global tax deal to take effect in 2023 in Jakarta

Russia and China watered down a G20 finance leaders' statement on geopolitical risks to the global economy as a contentious meeting ended on Friday (Feb 18), deleting a reference to "current" tensions as financial markets fretted over the prospect of war in Ukraine.
United States World Bank District Of Columbia Jakarta Raya Chrystia Freeland Sri Mulyani Indrawati

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