No let-up for EM as FOMC hikes

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No let-up for EM as FOMC hikes

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Federal reserve system symbol on hundred dollar bill closeup macro shot | Andrew Malkov/Andrew - stock.adobe.com

The US Federal Open Market Committee (FOMC) provided little in the way of encouragement for emerging markets at its meeting on Wednesday, delivering a 25bp hike to the Fed Funds Rate, meaning the wind will keep blowing firmly against emerging markets. Lewis McLellan reports.

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