海外研报

September cut on the table helps drive down yields

The FOMC left the door ajar for a possible September rate cut, while avoiding any firm commitments. The tone of the statement as well as Chair Jerome Powell’s

Emerging Markets mid-year 2024 outlook

Macro focus: At the start of this year, we had expected building drags from aslowing China and the 2021-23 global hiking cycle to pull down the EM complex.Yet, EMs defied expectations in H1 2024, buoyed by the resiliency in the consumer.