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Overseas Headlines – January 26, 2022

United States:

A Guide to the Fed Meeting as It Seeks to Tame Inflation

“Federal Reserve policy makers are poised to signal plans for their first interest rate hike since 2018 and discuss shrinking their bloated balance sheet as they seek to restrain the hottest inflation in nearly 40 years.”

https://www.bloomberg.com/news/articles/2022-01-26/fed-to-signal-march-interest-rate-liftoff-decision-day-guide?srnd=economics-vp

Europe:

ECB’s Simkus Warns of Major Economic Risk From Ukraine Tensions

“Lithuanian Central Bank Governor Gediminas Simkus warned that Europe’s economy would suffer a significant blow if tensions escalate further between Russia and Ukraine, urging politicians to step up efforts to deter hostilities.”

https://www.bloomberg.com/news/articles/2022-01-26/ecb-s-simkus-warns-of-major-economic-risk-from-ukraine-tensions?srnd=economics-vp

Asia:

China’s Public Spending Growth Weakest in Nearly Two Decades

“China’s government spending rose at the slowest pace in nearly two decades last year, suggesting limited fiscal support for an economy that’s lost momentum sharply in recent months. General fiscal expenditure came in at 24.63 trillion yuan ($3.9 trillion), up 0.3% from the previous year, Vice Finance Minister Xu Hongcai told reporters at a Tuesday briefing.”

https://www.bloomberg.com/news/articles/2022-01-25/china-s-government-spending-growth-weakest-in-nearly-two-decades?srnd=economics-vp&sref=FmvzgEwg

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