The impact of US Fed policy on emerging markets3 min read . Updated: 27 Sep 2018, 10:13 AM IST
Fed chairman Jerome Powell said that he would continue to raise rates to prevent overheating, even beyond the 'neutral rate', that is even if inflation did not move up. Does that mean the party is well and truly over for emerging markets?
US Federal Reserve chairman Jerome Powell, speaking at a press conference after hiking the US Fed Funds rate by 25 basis points on Wednesday, said he was aware that the Fed’s policy action may put emerging markets under stress and that the performance of the emerging markets mattered to the Fed, but all countries would benefit from healthy US growth.
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