Emerging Money Daily Audio Call May 18 - All eyes suddenly on the Fed with Fed Minutes today after 2pm and some fresh signs of hawks in the Fed atmosphere.
Plenty of implications for more Fed rather than less.
While we endorse less complacency in markets we see a difficult path for the Fed be more aggressive than the futures market is pricing them to be.
Meanwhile US banks rally and EM meanders.
Is EMFX at risk after a huge run?
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