An expected first interest rate rate in almost a decade by the Federal Reserve on Wednesday could squeeze emerging economies’ room for manoeuvre as they try to stave off recession, analysts warn.
The rise would mark “the end of a very big illusion,” says Christine Rifflart, economist with French think tank OFCE.
Emerging economies have done well out of the Fed’s latter day generous monetary policy but with the cycle seemingly about to turn many of them, already battling pallid ..
[Source:- ET NOW]