Insight - After a dire decade, emerging markets face Fed lift-off again

Further easing: A worker at a construction site in Beijing.The thinking is simply eyeing a turn in sentiment toward China as the pandemic endgame unfolds and the People’s Bank of China bucks a global central bank trend with easing of its own. —Bloomberg

WHETHER emerging economies have already done enough to pre-empt the global central bank tightening cycle may dictate whether investors in them can escape yet another dire decade.

With everyone braced for the US Federal Reserve’s (Fed) first post-pandemic interest rate rise next month, clouds appear to be gathering over emerging economies once again.