Moody's: Fed rate rise would underscore US strength
FOMC expected to ease for the first time in 9 years on WednesdayThey add that:
- Emerging markets face risks to adverse capital flows and investors sentiment
- direct impact on US economy should be minimal.
- Emerging mkts that would likely be affected the most would be Russia, Brazil , Turkey to to some extent So. Africa.
- Fed rate is signal US economy is on track.