America First...for the Fed too



  • External factors have no influence on Fed’s decision
  • The Fed increased its official rate to 1.75% - 2% despite concerns for Emerging Markets’ stability
  • The US central bank is likely to opt for one or two more hikes in 2018 and two hikes in 2019
  • ​This tightening of US monetary policy may bring financial stress to emerging markets beyond Argentina and Turkey