The re-nomination of Jerome Powell as US Fed Chair at the end of November re-affirms the continuation of the Fed policy for a prudent normalisation, which should result in higher rates and a flatter curve amid higher inflation prints as the backdrop for investing in emerging markets going forward, says Yerlan Syzdykov, Global Head of Emerging Markets, Amundi. The other backdrop is the prevalence of Covid-19 variants, and their likely persistence into next year. Although it is challenging to ascertain the impact from the spread of the Omicron virus on global activity and thus growth, more...
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