The past week served as a stark reminder of a major top-down paradox facing the global economy and markets – or what IMF Managing Director Kristalina Georgieva aptly framed as the mix of high anxiety and resilience. This is making the path forward for policymakers increasingly complex, and that is before we add the reality of US inflation stubbornly stuck above the Federal Reserve’s 2% target. Adding to the general macro uncertainty, China-US trade tensions remained on a roller coaster. Early week warnings and concerns gave way to more reassuring remarks from President Trump over the weekend – this as the presidents ... (full story)