Rising US Interest Rates Cause Market Turmoil in Other Nations

hurley11-150x150Voice of America
Cornelius Hurley, School of Law, Center for Finance, Law & Policy

The Federal Reserve gave the improving U.S. economy a vote of confidence this past week, saying it no longer needs as much stimulus to keep growing.  The Fed’s actions will raise key U.S. interest rates, but some economists say it has caused a drop in stock and currency values in some emerging markets…

Expert quote:

“[They are] contemplating raising interest rates to protect their own currencies.  Well, that slows down their economic activity.”

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