The Fed is going to stay very dovish for a very long time. Photo: AFP
Opinion
Opinion
Macroscope by Tai Hui
Why the Federal Reserve’s bid to boost US inflation is good news for Asia
Fed’s switch to allowing inflation above 2 per cent means US rates will stay lower for longer, boosting demand for higher yielding bonds, particularly in emerging markets
Tai Hui is chief market strategist for the Asia-Pacific at JP Morgan Asset Management. Based in Hong Kong, he formulates and disseminates the company's view on the market, economy and investing to financial advisers and investors in Asia. He regularly appears on international and local financial media, including as a guest host on CNBC Asia, as well as Bloomberg TV and Reuters TV.