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Feb 14, 2014
Feb 14, 2014
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Feb 11, 2014
Feb 11, 2014
Feb 11, 2014
via Global Investing

Emerging markets coming off the turbulent boil?

Is it all over? Is the emerging market turmoil no longer a concern among investors, economists and academics? Measured at least in the last week, the market is recovering some lost ground. Maybe¬† January’s sell-off was enough and in the last week all boats seem to be rising once again. After all, there’s a new Fed Chair in Janet Yellen who has now officially taken over and the likelihood of easy monetary policy, tapering of asset purchases notwithstanding, isn’t expected to change.

MSCI’s emerging market benchmark stock index has rebounded 3.5 percent from a Feb. 4 low. The U.S. benchmark S&P 500 stock index has risen slightly more over the same period.

Feb 11, 2014

Tough winter makes economic assessment hard: Fed’s Plosser

NEWARK, Delaware (Reuters) – Assessing the U.S. economy’s underlying economic trends has become more difficult because of record low temperatures and heavy snowfall across much of the nation, Federal Reserve Bank of Philadelphia President Charles Plosser said on Tuesday.

“I suspect it may be another couple of months before we have a better read on the economy,” Plosser said in a speech at the University of Delaware. He characterized the weather as “unusually disruptive.”

Feb 11, 2014
Feb 11, 2014

Fed’s Plosser concerned central bank will resist higher rates too long

NEWARK, Delaware (Reuters) – Charles Plosser, president of the Federal Reserve Bank of Philadelphia, said on Tuesday history is not on the side of the central bank when it comes to raising interest rates in a timely manner and the risk is financial markets will force its hand.

Plosser, speaking at the University of Delaware, said it is always easier to lower interest rates to spur economic activity than to raise interest rates, a mechanism to slow the pace of inflation.

    • About Daniel

      "I'm a New York-based global investment correspondent with over 20 years of experience covering financial markets, business and foreign policy. My current post lets me roam across all asset classes and geography, from the developed to the emerging markets. I've reported and taught business and economic journalism from Asia, Europe, Latin America and the United States. Prior to joining Reuters I was a producer at CNN Business News in New York."
      Joined Reuters:
      1997
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