The Federal Reserve (Fed) raised its target rate by 0.25% to 1.5% in December, in a decision taken with a majority of 7-2. The median “dot plot” showed an unchanged expectation for three further rate hikes in 2018. Two-year treasury yields continued to climb, by 10...
Bloomberg: You can count Jefferies Chief Market Strategist David Zervos among the investors who thinks this emerging market rally has legs. A cautious Fed, a rebound in oil prices, strong inflows, and country-specific factors like Brazil’s seeming move to stamp...
It’s 18 Years Since Emerging Market Currencies Had It This Good – Bloomberg March 30, 2016 Bloomberg: “It’s been at least 18 years since emerging-market currencies had it this good as the Federal Reserve adopted a gradual approach to its...
