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A house on sale is seen in Washington D.C., the United States, Dec. 12, 2021. (Photo by Ting Shen/Xinhua)
However, if higher rates are driven mainly by worries about U.S. inflation or a hawkish turn in Fed policy, it will likely be "more disruptive" for emerging markets, they noted.
"The recent surge in inflation will require higher rates, and the Fed clearly thinks that its work will not be done in the near term and will require sustained attention over the next three years," said Joseph Brusuelas, chief economist at accounting and consulting firm RSM US LLP, anticipating a series of rate hikes through the end of 2024.
【FedXinhua Headlines: U.S. Fed turns hawkish to tame inflation, posing risks to emerging markets】(Video reporter: Hu Yousong; Video editors: Zhang Yucheng, Li Qin)■

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