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Fed up - almost out of excuses not to hike

Weekly investor research

09 November 2015

The Fed has now almost run out of excuses not to hike in December and we think the prospect of more conventional monetary policies in the US will be good for Emerging Markets (EM), not least because it ends the uncertainty surrounding the timing of the start of the rate hike cycle. Meanwhile, in EM itself, the election in the state of Bihar hewed away some of Modi’s political capital in India, China’s FX reserves rise again, the trade balance in Brazil improves sharply and Saudi Arabia begins to cut subsidies.

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