Natalia Gurushina Chief Economist, Emerging Markets Fixed Income U.S. Fed Rate Hikes The U.S. Federal Reserve Chairman’s testimony scared the market into pricing even more rate hikes. The peak rate implied by the Fed Funds Futures reached 5.65%, the implied probability of June’s hike is now above 80%, and the market thinks that the Fed might [...] The post Can EM Rates Defy the U.S. Fed? appeared first on ETF Trends .