Advertisement
Global  

“News neutrality by unbiased coverage”
One News Page
> >

Fed rate policy unintentionally pressures emerging economies

SeattlePI.com Wednesday, 15 August 2018
WASHINGTON (AP) — President Recep Tayyip Erdogan is blaming the United States for Turkey's financial crisis, ignoring homegrown problems like high debts, raging inflation and his own erratic policies. Yet one of the threats facing Turkey and other emerging-market countries really is made-in-America: By ratcheting up U.S. interest rates, the Federal Reserve has — unintentionally — led investors to pull money out of emerging markets like Turkey, strengthened the dollar's value and made it harder for foreign companies to repay their dollar-denominated debts. The resulting flight of capital into safer and higher-yielding U.S. investments has sent many emerging-market currencies tumbling.
0
shares
ShareTweetSavePostSend
 

You Might Like


Tweets about this


Other recent news in Business

QUALCOMM ACCUSES APPLE of stealing its secrets to help IntelHold the Donuts, Says Newly Named DUNKIN
Just Dunkin': Dunkin' DONUTS to change its nameEuropean Economics Preview: France CONSUMER CONFIDENCE Data Due

Recent related videos

Fed May Raise Rates to 3% by Mid-2019, JPMorgan's Stealey Says [Video]Fed May Raise Rates to 3% by Mid-2019, JPMorgan's Stealey Says

Sep.24 -- Iain Stealey, portfolio manager at JPMorgan Global Strategic Bond Fund, talks about Federal Reserve policy, Treasury yields and the dollar. He speaks with Haidi Stroud-Watts and Shery Ahn on..

Bloomberg Markets -   03:08

Fed Policy in 2019 Is an 'Open Book,' William Rhodes Says [Video]Fed Policy in 2019 Is an 'Open Book,' William Rhodes Says

Sep.13 -- William Rhodes, president and chief executive officer of William R. Rhodes Global Advisors, discusses his forecast for Federal Reserve monetary policy. He speaks on "Bloomberg Daybreak:..

Bloomberg Global Business -   01:07

Reports Of Renewed U.S.-China Trade Talks Boost Global Shares [Video]Reports Of Renewed U.S.-China Trade Talks Boost Global Shares

According to a report by Reuters, on Thursday, signs of movement in the US-China trade dispute, in addition to an interest rate hike in Turkey, sent global shares higher as it abated some fears of a..

Wochit News -   00:40

Asian Shares Bounce Back [Video]Asian Shares Bounce Back

TOKYO (Reuters) - Asian shares won a reprieve on Thursday as news the Trump administration has reached out to China for a new round of trade talks raised hopes a deal could be struck in the bitter..

Wochit Business -   00:45

Environmentally friendly: One News Page is hosted on servers powered solely by renewable energy
© 2018 One News Page Ltd. All Rights Reserved.  |  About us  |  Disclaimer  |  Press Room  |  Terms & Conditions  |  Content Accreditation
 RSS  |  News for my Website  |  Free news search widget  |  Help  |  Contact us  |  DMCA / Content Removal  |  Privacy & Data Protection Policy
How are we doing? Send us your feedback  |   LIKE us on Facebook   FOLLOW us on Twitter   FIND us on Google+  •  FOLLOW us on Pinterest