IMF backs Fed rate pause citing rising global risks, Japan decelerates

The post this morning on the evolving strategy of Germany's SPD was actually yesterday's post. I didn't get a chance to write it because I went to bed super early. So I am going to write a short piece for today's post focussing on Japan, Europe and the US.

The Fed's backpedalling

I think you know my mantra on the Fed by now. But let me boil it down as sim…