What matters most is not when the U.S. Federal Reserve raises interest rates, the September monthly update from Roubini Global Economics says. What matters is the speed and duration of hikes. That said, Nouriel Roubini’s firm has an opinion on when the Fed raises rates and the recent stock market volatility is likely to impact that decision. In this environment he looks to investment regions that are less vulnerable to U.S. rate rises.

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