Pursuits
U.S. Stocks in Sweet Spot as Emerging Markets Tighten
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Price pressures are pushing emerging-market central banks from Russia to China to raise interest rates this year, tarnishing the appeal of their stocks and increasing investor interest in the U.S.
Tighter monetary policy means officials in developing nations will break further with Federal Reserve Chairman Ben S. Bernanke. He has pledged to keep rates near zero for an extended period and continue stimulus plans to power a recovery now gathering momentum.