Goldman Sachs Says Emerging Markets Now Look Like Rich Countries
Emerging Market Central Banks 'Getting Smarter,' Yeung Says
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Many emerging market economies have begun to resemble developed markets as inflation rates fall and the risk of currency crises recedes, according to Goldman Sachs Group Inc.
The weakening relationship between emerging-market policy and U.S. rates suggests that Federal Reserve normalization is unlikely to result in a sharp hiking cycle by developing nations, Goldman Sachs analysts including Jan Hatzius and Jari Stehn wrote in a report.