The week ahead sees policymakers from the Group of 20 – or 20 leading economies – meet in Moscow.
Over the last few decades, such an event would represent a “Super Bowl” of sorts for investors. Traders would listen intently to every comment, and parse every line of the final communique, to see which way the global macro winds were blowing, and position portfolios accordingly.
How the world has changed.
Thanks in large part to the extraordinary monetary policy undertaken by the Federal Reserve (note that the Fed’s balance sheet hit the $3 trillion mark last month), policymakers around the world feel less compelled to get the blessing of U.S. officials before going down their own, increasingly unpaved, unmapped roads, taking financial markets along for a bumpy ride.
Read More at CNBC . By Rebecca Patterson.