At year’s end, emerging markets beholden to Fed

INSUBCONTINENT EXCLUSIVE:
Central banks are cramming in their last decisions of 2018, with at least seven in emerging markets scheduled to set monetary policy this
week
But none will be as closely watched as the Federal Reserve. Most traders expect US policy makers to raise rates
The suspense centers on what Chairman Jay Powell has to say following the announcement, particularly about forecasts for interest rates and
the economy, as investors question if the Fed will keep hiking amid tame inflation and doubts about global growth
last week
will hold their annual economic policysetting meeting and Saudi Arabia will dominate headlines in the Middle East when it announces its 2019
budget
infrastructure, while still preserving the fiscal framework established by his predecessors.