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The Fed remains cornered while EM fundamentals continue to improve
Weekly investor research
05 September 2016
• In Brazil, Rousseff is impeached as Michel Temer rolls out the red carpet for investors at the G-20 meeting.
• Hundreds of thousands of people take to the streets in Caracas, protesting against the postponement of the referendum to recall president Maduro
• Flows to EM debt remained positive as data continues to improve sequentially.
• Labour market data in the US should support more hawkish members of the FOMC, but the Fed remains stuck between too many objectives.