Emerging Market Debt Update

GAM
By February 15, 2019 11:02

Emerging Market Debt Update

‘Patient’ – Emerging Markets Update

‘Patient’ – defined as being able to accept or tolerate delays. It is also the most important word investors heard from central banks all week as the US Federal Reserve (Fed) pronounced that “muted inflation pressures” are leading the Fed to “be patient” in determining “future adjustments” to interest rates. Notably, all references to “further gradual increases” were dropped and the balance sheet message was reinforced – it would be “prepared to adjust” balance sheet normalisation if conditions warranted.

GAM
By February 15, 2019 11:02

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