Global Economy Takes Trump Shocks in Stride, For Now

Threats to the global economic order have come at a furious pace during President Donald Trump's first eight months in office - from a massive tariff shock to a battle for control of the Federal Reserve and even an emerging form of U.S. state capitalism.

But the reaction in terms of world equity and bond markets and economic activity has been a somewhat remarkable shrug: The global economy has kept growing, stock prices have surged and inflation fears remain muted.

While many players worry that things could still unravel given the right spark, it is a far cry from the most...

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