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Thu, Sep 27 2018. 10 09 AM IST
Fed chairman Jerome Powell said that he would continue to raise rates to prevent overheating, even beyond the ‘neutral rate’, that is even if inflation did not move up. Does that mean the party is well and truly over for emerging markets?
Thu, Sep 27 2018. 08 38 AM IST
In a statement that marked the end of the era of “accommodative” monetary policy, Fed policymakers lifted the benchmark overnight lending rate by a quarter of a percentage point to a range of 2.00 percent to 2.25 percent