Traders working on the floor of the New York Stock Exchange watch news of the US Federal Reserve’s decision to raise interest rates on June 15. Photo: EPA-EFE
Traders working on the floor of the New York Stock Exchange watch news of the US Federal Reserve’s decision to raise interest rates on June 15. Photo: EPA-EFE
Neal Kimberley
Opinion

Opinion

Macroscope by Neal Kimberley

US Federal Reserve’s attempt to turn inflation tide leaves Asian economies exposed

  • Comparisons between circumstances today and the run-up to the Asian financial crisis of 1997 should not be overemphasised
  • However, a combination of aggressive Fed tightening, a potentially even stronger dollar and pronounced yen weakness could prove problematic for those carrying US dollar-denominated debt

Traders working on the floor of the New York Stock Exchange watch news of the US Federal Reserve’s decision to raise interest rates on June 15. Photo: EPA-EFE
Traders working on the floor of the New York Stock Exchange watch news of the US Federal Reserve’s decision to raise interest rates on June 15. Photo: EPA-EFE
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