Fed will need to tread carefully to avoid market crises: Mobius
Tokyo
NOW that US Federal Reserve chair Janet Yellen has said that the case for a rise in US short-term interest rates has "strengthened", stock and bond investors in advanced and emerging markets should look out for possible trouble, says veteran emerging-market investor Mark Mobius.
One of the reasons why the Fed is moving so slowly and cautiously towards tightening monetary policy is that "they are probably afraid of the impact that a sudden rise in interest rates would have", the executive chairman of Templeton Emerging Markets Group told The Business Times.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Israel concerned over possible ICC arrest warrants related to Gaza war
China’s top airlines improve balance sheet in Q1; outlook positive for May Day
G7 reaches deal to exit from coal by 2035
US, Britain urge Hamas to accept Israeli truce proposal
Saudi Arabia says economic revamp momentum intact as plans shift
German inflation creeps up to 2.4% in April