US Federal Reserve
Asia looks more resilient to capital flight than during last year’s taper tantrum, as the US Federal Reserve prepares to depart from its easy-money strategy. It is also better placed to weather the coming storm than other emerging markets.
The looming end of the Fed’s quantative easing expected late October has investors on edge. Most pundits expect the Fed will start to hike rates mid 2015.
As a result, a great sucking...