Emerging Markets Adversely Affected by Fed

So much for “decoupling.” For the past month or so, currencies and markets from emerging countries ranging from Brazil to India have been hammered by events happening thousands of miles away.

The expectations of an imminent end to the Federal Reserve’s unreserved monetary stimulus has prompted investors to bail out of countries once feted for their high growth rates and appetizing bond yields.

Unlike Vegas, what happens in Washington (or, last weekend, Jackson Hole, Wyo.) most definitely doesn’t stay in Washington.

WSJ

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