Ris­ing US rates

Times of Oman - - MARKE -

Ris­ing US rates, cou­pled with fears over the im­pact of US-Sino trade war, have hurt emerg­ing Asia, and cur­rency, bond and share mar­kets in In­dia, In­done­sia and the Philip­pines and else­where in the re­gion have all come un­der pres­sure.

The Fed last month raised in­ter­est rates for the third time this year, and fore­sees an­other hike in De­cem­ber, three more next year, and one in­crease in 2020.

“It’s not go­ing to be in the in­ter­est of any­one in the world ... for us to get be­hind the curve in the US by mod­er­at­ing what we think is the right course of do­mes­tic pol­icy,” Quar­les said.

Newspapers in English

Newspapers from Oman

© PressReader. All rights reserved.