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


Recent related videos from verified sources

Stocks Dip As Fed Keeps Interest Rate Steady [Video]Stocks Dip As Fed Keeps Interest Rate Steady 00:35

Stocks fell lower Thursday, as the Federal Reserve left its benchmark interest rate unchanged. The Dow Jones Industrial Average was mostly flat, and the S&P 500 was down 0.25%. According to Business..

Credit: Wochit Business - Published

Fed Leaves Interest Rates Alone After Q3 [Video]Fed Leaves Interest Rates Alone After Q3 00:36

According to Reuters, the Federal Reserve will hold off on increasing interests rates. After the latest Federal Open Market Committee meeting, the Fed issued a statement indicating the federal funds..

Credit: Wochit Business - Published

Federal Reserve Keeps Interest Rate Steady [Video]Federal Reserve Keeps Interest Rate Steady 00:43

According to Reuters, the Federal Reserve will hold interest rates steady after their latest meeting on monetary policy. At the end of the Federal Open Market Committee meeting, policymakers at the Fed..

Credit: Wochit News - Published

Political Landscape Won't Shape Fed's Monetary Policy [Video]Political Landscape Won't Shape Fed's Monetary Policy 00:34

According to Reuters, the Federal Reserve is likely to maintain a steady course with monetary policy despite the current political landscape. The Fed's Federal Open Market Committee is meeting to..

Credit: Wochit - Published

Jerome Powell's Fed Outlook: What You Need to Know [Video]Jerome Powell's Fed Outlook: What You Need to Know 05:25

Ahead of the Fed's decision on rates Thursday afternoon, all eyes are turning to Jerome Powell. Speculation has largely come down on the side of no action from Powell. "The lack of an immediate..

Credit: The Street - Published

Curtailing China's credit [Video]Curtailing China's credit 05:42

► Subscribe to the Financial Times on YouTube: http://bit.ly/FTimeSubs 0:07 John Authers on China's political reforms 0:41 China's fertility rate 2:20 Effects of the reform package on Chinese..

Credit: Financial Times - Published

Fed Looks At Sell-Off As Trumps Stimulus Fades [Video]Fed Looks At Sell-Off As Trumps Stimulus Fades 00:30

The recent three-week stock market sell-off may signal concerns that the massive stimulus from U.S. tax cuts and government spending will fade sooner than expected. Reuters reports that this is a..

Credit: Wochit News - Published

Fed Policymakers Support More Rate Hikes, Despite Trump Criticism [Video]Fed Policymakers Support More Rate Hikes, Despite Trump Criticism 00:42

According to a report by Reuters, despite criticism from US President Donald Trump, Federal Reserve policymakers remain generally united on the need to continue raising borrowing costs. On Wednesday,..

Credit: Wochit News - Published


Tweets about this


Other recent news in Business

The pound is tanking after Theresa May's BREXIT secretary resigns, saying he can't support her EU withdrawal planBREXIT SECRETARY Dominic Raab resigns thrusting May's government into turmoil
Fin24.com | READ: British PM Theresa May's statement on DRAFT BREXIT withdrawal agreementDraft Brexit deal ends BRITAIN's easy access to EU financial markets
Environmentally friendly: One News Page is hosted on servers powered solely by renewable energy
© 2018 One News Page Ltd. All Rights Reserved.
About us  |  Contact us  |  Disclaimer  |  Press Room  |  Terms & Conditions  |  Content Accreditation
 RSS  |  News for my Website  |  Free news search widget  |  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  •  FOLLOW us on Pinterest