The Fed, which met market expectations with a 75 basis point (bp) rise overnight, has now lifted rates by a total of 150 bps in two meetings - the fastest pace since the early 1980s. While no rally is underway, steadying currency, debt and equity markets suggest investors may have already stopped rushing for the exits.īeaten-down currencies such as South Korea's won and the Malaysian ringgit rallied on Thursday, and stock and bond markets in Seoul, Kuala Lumpur, Jakarta and Manila responded positively to the Federal Reserve's latest rate hike. ![]() SINGAPORE (Reuters) - As the United States pushes ahead with its steepest interest rate hikes in a generation, investors are unusually poised to buy in Asia's emerging markets, betting authorities can tame inflation without triggering the capital-flight chaos of previous cycles. Indonesia's central bank has urged exporters and businesses not to hoard foreign currency as part of its effort to maintain finan ![]() FILE PHOTO: A teller counts Indonesian rupiah notes for a customer at a money changer in Jakarta, Indonesia, August 26, 2015.
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