One major factor driving the lackluster performance of investments in emerging markets is the expectation that the Fed will begin to raise interest rates and normalize monetary policy later this year. In a recent speech, Fed Chair Janet Yellen confirmed that such steps would be “appropriate” if the economy continues to improve, stating that “delaying action to tighten monetary policy until employment and inflation are already back to our objectives would risk overheating the economy.”
导致新兴市场投资不振的一个主要因素是人们预期美联储将在今年晚些时候提高利率和货币政策正常化。在最近的讲话中，美联储主席耶伦确认，如果经济继续改善，这些措施将是“合适的”，并表示“推迟收紧货币政策，到就业和通胀回到我们的目标水平再采取行动将有可能导致经济过热。”