Inflation, Fed policy and emerging markets: the good, the bad and the ugly

Clint Eastwood
Clint Eastwood, star of 'The good, the bad and the ugly'

Financial markets are fixated on prospects for US inflation and Federal Reserve policy, and appropriately so. Rising interest rates may exacerbate already-elevated debt burdens and put pressure on business and government finances around the world. If higher rates are driven mainly by prospects for a brisk economic recovery, rising debt-service payments should be offset by higher profits and tax revenues. But if rising interest rates reflect prospects for sustained higher inflation, the damage

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: