The Fed's rate-cut foot-dragging annoyed global peers at the meetings

Fed's rate-cut foot-dragging grates on global peers at IMF meetings. Finance chiefs scrambling to keep pace with Federal Reserve's rapid resetting of expectations. All insist they are setting policy independently of the Fed and basing it on local conditions. It's unexpected turn that has supercharged the U.S. dollar, stressing other currencies in return.

Fed's rate-cut foot-dragging grates on global peers at IMF meetings. Finance chiefs scrambling to keep pace with Federal Reserve's rapid resetting of expectations. All insist they are setting policy independently of the Fed and basing it on local conditions. It's unexpected turn that has supercharged the U.S. dollar, stressing other currencies in return.