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From rate-cut bonanza to trade dominoes: What's going on in world economy

Here's a weekly wrap of what's going on in the world economy

RBI rate cut
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Illustration by Binay Sinha

Michelle Jamrisko | Bloomberg
More central banks are joining the rate-cut club as the world’s economic growth engines sputter. Global trade debacles loom large as finance leaders from the Group of 20 meet this weekend, even if they don’t want to talk about them.

Here’s our weekly wrap of what’s going on in the world economy.

Rate-Cut Bonanza

A whirlwind of Federal Reserve speakers this week — including dueling tones from St. Louis Fed chief James Bullard and San Francisco Fed President Mary Daly — culminated in the Fed’s Nos. 1 and 2 signaling that rate cuts aren’t yet deliverable, though trade tensions are pushing them there.

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