Steven Kamin on the Global Influence of Fed Policy and the U.S. Dollar
Macro Musings with David Beckworth
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The Effect of Fed Policy on Emerging Markets
The Fed's current tightening cycle has had a relatively benign impact on emerging markets. When the Fed hikes rates in anticipation of stronger economic growth, what we call a real shock, that might actually be relatively benign for emerging markets. Conversely, when the Fed is tightening rates, either because it anticipates a lot of inflation down the road or because it becomes more hawkish, that could be much more detrimental to emerging markets.
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