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MNI PODCAST: FedSpeak-IMF's Wu On Emerging Markets' Last Mile

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(MNI) WASHINGTON
EXECUTIVE SUMMARY
  • Emerging markets have shown surprising resilience in the current Fed hiking cycle but must stay vigilant as global central banks fight the last mile of inflation, says Jason Wu, assistant director overseeing the IMF's global market analysis group.
  • EM central banks created buffers by raising rates well before advanced economies, but "the job is not quite done" on inflation.
  • Higher-for-longer U.S. rates would render EM assets are less attractive to foreign investors and may require EM central banks to calibrate their policy responses amid near-term volatility.
Listen to the full podcast here.
MNI Washington Bureau | +1 202-371-2121 | jean.yung@marketnews.com
MNI Washington Bureau | +1 202-371-2121 | jean.yung@marketnews.com

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