U.S. Rate Hikes Could Hurt Emerging Markets

Emerging markets are at risk of negative fallout from an eventual rise in U.S. interest rates despite more settled conditions in financial markets in the fourth quarter, the Bank for International Settlements said Sunday.  "The calm has been uneasy," said BIS economics department head Claudio Borio. "Very much in evidence, once more, has been the perennial contrast between the hectic rhythm of markets and the slow motion of the deeper economic forces that really matter."

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