Federal Reserve chairman Jerome Powell speaks following a Federal Open Market Committee meeting in Washington in March. Powell has said the “normalisation” of advanced economies interest rates should not be too much of a disadvantage to emerging market economies. Photo: AP
Neal Kimberley
Opinion

Opinion

Macroscope by Neal Kimberley

‘America first’ will guide the Fed’s monetary policy, despite emerging markets’ rate hike concerns

Neal Kimberley says other central bank heads, including in Indonesia and India, may not be thrilled with the effect the Fed’s actions are having on their stock and bond markets, but the US central bank sees data supporting its decision to raise rates again this week – and possibly up to four times this year

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Federal Reserve chairman Jerome Powell speaks following a Federal Open Market Committee meeting in Washington in March. Powell has said the “normalisation” of advanced economies interest rates should not be too much of a disadvantage to emerging market economies. Photo: AP
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