Emerging Market Assets Have Best Week Since July on Fed Boost.

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    • Subject Terms:
      BOARD of Governors of the Federal Reserve System (U.S.)
    • Abstract:
      (Bloomberg) -- Emerging-market stocks and currencies had the best week since July as a labor-market slowdown in the US bolstered speculation the Federal Reserve will hold interest rates steady through year-end, boosting global markets. That's a sharp turnaround for South Korea's currency after it fell to the lowest level since November 2022 last month as hawkish Fed bets lead to three straight months of equity outflows through October. [Extracted from the article]
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