G20 to Seek Reassurance from U.S. Fed and China
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G20 to Seek Reassurance from U.S. Fed and China
By Lidia Kelly and Douglas Busvine
G20 summits do not always set the pulse racing, but this week’s gathering of finance ministers and central bankers in Moscow has a better chance than most of grabbing the attention of financial markets.
The policymakers meet at a sensitive time with the U.S. Federal Reserve intent on slowing, then exiting a bond-buying program that has been creating $85 billion a month, and Beijing trying to rebalance the world’s most dynamic economy.
