As emerging markets roil U.S. stocks, will the Fed’s decision rattle or soothe markets? Quincy Krosby, Prudential Financial market strategist and WSJ’s Spencer Jakab discuss. Photo: AP.
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President of the Peterson Institute Adam Posen says Britain’s austerity wasn’t good for its economy and wouldn’t be good in the U.S. He tells WSJ’s Simon Constable at the World Economic Forum there is a bright future ahead for the U.S. economy. Photo: Getty Images
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Looking ahead to next week in Europe, the implications of the U.S. shutdown continues to loom large. Elsewhere, the Bank of England announces its monthly interest-rate decision. Katie Martin discusses with Charles Forelle and David Enrich. Photo: Bloomberg
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The new governor of the Reserve Bank of India, Raghuram Rajan, said the country’s economy was “fundamentally sound” and had a “bright future” in his first remarks after taking the helm at the central bank earlier in the day. Rajan said the government would look to reduce investments by banks in government bonds “in a calibrated manner”. He added the RBI would work together with the government and the market regulator to steadily liberalize markets.
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