“Central bank policy has helped generate this outcome." Yet on a bigger scale, all that’s just noise blocking the signal that the global economy is less volatile than any period in the modern era. This is the conclusion of new research led by David Hensley, director of global economics at JPMorgan Chase & Co. in New York. From once being purely domestic inflation targeters, they're now global risk managers. The U.S. Federal Reserve, the European Central Bank and the Bank of Japan have all found themselves shifting policy in response to risks coming from abroad.

Source: Thanhnien News July 21, 2016 07:30 UTC