Fed’s Rate Hike Concessions Urgent to Prevent Currency Crisis, Says SPI Asset Management
SPI Asset’s Stephen Innes warns the Fed must adjust rate hikes to avoid a potential currency crisis, citing the sharp decline in the Japanese yen.
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Fed’s Rate Hikes Hit Emerging Market Currencies Hard
Emerging market currencies like the Thai baht and Indonesian rupiah hit record lows as the Fed’s rate hikes strengthen the USD, with South Korea’s won facing severe deflation.