Inflation is our focus
The Fed decision will likely feed inflation.. Inexpensive currencies mean
higher inflation, regardless of Fed action. Fed easing may trigger hesitation in EM
central banks, and higher inflation may follow. Following the Fed decision, at five
EM central bank meetings, four left rates unchanged in EMEA and LatAm. Asia will
likely remain the more hawkish region and Taiwan hiked yet again last week.
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