Capital Econ: Emerging Markets And The World Will Do Just Fine As Central Banks Raise Rates

As central banks around the world begin to reduce their balance sheet heft, the question rumbles around: what type of downstream impact might the reduction of quantitative stimulus have on emerging market assets? After all, the reach for yield is global and the rules of supply and demand don’t change when traversing arbitrary sovereign borders. [timeless] The insertion of a new Fed Chair isn’t expected to dramatically change Fed rate hikes The expected nomination of Jarome Powell as US Federal Reserve Chairman, predicted by Carlyle Group founder David Rubenstein the night before the announcement at the CFA Society Chicago annual…