Federal Reserve chairman Jerome Powell. The Fed is widely expected to raise interest rates for the second time this year at its policy meeting this Wednesday. Photo: Reuters
Nicholas Spiro
Opinion

Opinion

The View by Nicholas Spiro

Emerging markets’ dollar flight: the Fed is not to blame, and it knows it

Nicholas Spiro says domestic weaknesses bear the lion’s share of the blame for market turmoil in Argentina, Turkey, Brazil and South Africa, so don’t expect the Fed to adjust the pace of its rate increases to suit them

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Federal Reserve chairman Jerome Powell. The Fed is widely expected to raise interest rates for the second time this year at its policy meeting this Wednesday. Photo: Reuters
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