The author is a Reuters Breakingviews columnist. The opinions expressed are her own.
Expectations may have been pushed to later this year for when the U.S. Federal Reserve will hike interest rates, but a repeat of another steep sell-off in emerging market stocks appears unlikely as much has already been priced in - and because of the stronger dollar.
from The Great Debate:
President Lyndon B. Johnson and Defense Secretary Robert McNamara in the White House in Washington, July, 27, 1965. LBJ Presidential Library/Yoichi Okamoto
The success of any nuclear framework agreement negotiated by Iran and the P5+1 (United States, Britain, Russia, Germany, France and China) this week ultimately will be determined not by the signing of a final accord in June but by Tehran’s fidelity to nonproliferation in the years and decades to come.