The Federal Reserve says the US economy's doing well - possibly even well enough to raise interest rates in December. Markets and economic policymakers have been on edge for months waiting for a definitive statement from the Fed.
ECB governors have signalled greater confidence in the eurozone economy following a meeting of the central bank's rate-setting council. Policymakers dropped language of boosting the ECB's massive bond-buying program.
US consumer prices rose by more than projected in January as apparel costs jumped the most in nearly three decades, adding to signs of an inflation pickup that has roiled financial markets this month.
Policymakers from the US Fed, the European Central Bank and the Bank of England have described the recent sell-off in stock markets as a healthy correction, saying this won't knock them off their monetary policy path.
Going by growth forecasts, this is a pretty good time for the world economy. Yet a new report warns of big risks, some of which are already coming to bear through US trade policy and stock market jitters.
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