The Globe and Mail reports in its Monday, March 17, edition that the upcoming week features key central bank decisions, particularly from the U.S. Federal Reserve, while market volatility continues to stem primarily from political developments. A Reuters dispatch to The Globe reports that world markets, along with policy-makers, corporates and consumers, are shaken by a new world order. Donald Trump's abandonment of long-standing U.S. foreign policy and his tariff measures targeting both allies and enemies might have lasting trade effects. Concerns are rising about a potential "tri-partite" division of power among Washington, Moscow and Beijing. Germany's likely next leader Friedrich Merz warns a hostile Russia and unreliable U.S. could leave Europe exposed. Meanwhile, Mr. Trump's push to get a Ukraine-Russia ceasefire over the line is intensifying.
JPMorgan's chief economist warns lasting damage to the U.S.'s standing as an investment destination is at risk if Mr. Trump undermines trust in governance.
With markets becoming increasingly rickety, the coming U.S. Fed meeting will be all about whether the central bank is open to resuming its interest-rate cutting cycle in the coming months.
© 2025 Canjex Publishing Ltd. All rights reserved.