Become a digitalPLUS subscriber. 99 for 4 weeks.

Topics

European Central Bank
Central bankers may have no quick fix as markets swoon, economy weakens
Central bankers may have no quick fix as markets swoon, economy weakens

WASHINGTON (Reuters) - Global central bankers, eager to see the economy stand on its own feet, faced the rude reality this week of market turmoil threatening already faltering growth and prolonging world reliance on easy money. Stocks slumped again on Wednesday pushing S&P 500 losses to almost 8 percent since mid-September. The dollar fell and U.S. bond prices soared after weak Chinese inflation and U.S. producer price and retail sales data fanned fears the world economy could be even weaker than thought. When stock markets turned south last week after rallying for much of this year, many policymakers initially played that down. In fact, the sell-off could be seen bringing some healthy...

Loading