Fed Tapering Main Topic Around G20 Meeting in Russia

Russia and China warned on Thursday that the end of the U.S. Federal Reserve’s bond-buying program could have a profound impact on the global economy and urged caution.

Speaking ahead of the start of the Group of 20 summit, when economic issues and Syria will top the agenda, host Russia and China, the world’s second largest economy, made clear their concerns about the widely expected ‘tapering’ of the Fed’s multi-billion dollar monetary stimulus policy.

Zhu Guangyao, China’s deputy finance minister, urged the United States to be “mindful of the spillover effects and work to contribute to the stability of the global financial markets and the steady recovery of the global economy.”

via Reuters

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, he established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza