Emerging-Market Stocks Rise as Dovish Fed Outweighs Brazil Slump

  • Ibovespa tumbles most in world on Brazil recession outlook
  • Goldman says sell Asian currencies after best rally since `08

Emerging-market stocks rose as the Federal Reserve signaled it’s in no hurry to raise U.S. interest rates, outweighing a slump in the Ibovespa as economists forecast a deeper recession in Brazil this year.

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