In one of the worst sell-offs since the European sovereign crisis in 2011, PMs and private banks took cue from the Fed's QE exit hints to cut their bond portfolios significantly.
The US Federal Reserve's exit from quantitative easing won’t spark emerging-market panic, as monetary tightening once did in 1994, believe investors, economists and analysts.
There is one risk they’re not focused on: resurgent economic growth raising the prospect of monetary tightening to fight inflation. It shows how hooked markets have become on QE.
In a speech at The Bankers Club in Hong Kong, Charles Evans of the Chicago Fed outlines why the US central bank needs to implement a more transparent and accountable policy.
Emerging markets will suffer most from stimulus spending by the US and elsewhere, and China’s money supply is even greater than America's, says the founder of Asianomics.