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Are Emerging Markets a Threat to the Fed, Financial Stability?

Are Emerging Markets a Threat to the Fed, Financial Stability?

2015-09-22 23:34:00
John Kicklighter, Chief Strategist
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Talking Points:

• In response to a question at her press conference, Fed Chair Janet Yellen admitted concern over EM risks

• The Emerging Market's Summer 2013 'Taper Tantrum' is used as an example of how fragile our markets are

• China and other developing economies are important to global growth, but their influence may not be so decisive

Want to develop a more in-depth knowledge on the market and strategies? Check out the DailyFX Trading Guides we have produced on a range of topics.

If the Fed hikes rates, could it trigger an Emerging Market meltdown that encompasses the global financial system in another 2008-like crisis? That seems to be a very real concern circulating the investing community, and it isn't without its merits. However, the certainty of this fundamental connection deserves critical review. The 'Taper Tantrum' is one of the more frequently used examples as to how direct the link between the Fed's policies and the developing markets' performance is. However, that same panic didn't play out when the actual Taper occurred. What's more, we have already seen a considerable draw on premiums to EM and other risk-focused assets over the past months and years leading up to the United States' policy shift. Why are Emerging Markets important to FX traders and what particular catalysts should we watch? We discuss this in today's Strategy Video.

A LESSON ABOUT WORRYING ON EM PANIC?

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