US Fed Rate Hike Will Test Emerging MarketsGuest Post
US Fed Rate Hike Will Test Emerging Markets by Dan Steinbock by Dan Steinbock, Difference Group
In the multipolar world economy, the Fed’s unilateral actions contribute to
diminishing global growth prospects.
The US Federal Reserve raised interest rates by 25 basis points last week, taking the first step away from its near-zero interest rate policy. Led by its chairman Janet Yellen, the Fed sought to defuse market tensions by signaling a "gradual" pace of rate hikes to come. Yet the Dow plunged 367 points . . .
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