Hawkish US Fed, higher bond yields could test emerging market resilience: Fitch

A more hawkish stance by the US Federal Reserve and rising government bond yields in developed economies could put pressure on emerging markets by increasing borrowing costs and…

A more hawkish stance by the US Federal Reserve and rising government bond yields in developed economies could put pressure on emerging markets by increasing borrowing costs and triggering capital outflows, according to Fitch Ratings.