Emerging markets remain vulnerable to US Fed tightening cycle: Deutsche Bank

Sameer Goel, global head of emerging markets research at Deutsche Bank, on Wednesday, said that the emerging markets remain vulnerable to US Fed tightening cycle.

He further said that the market is pricing in 3 hikes in 2022 and another 3 hikes in 2023.

Talking about India, he said that the November inflation print does not shift the needle too much. “Core inflation is fairly elevated; the direction of both headline and core is still to the more topside,” said Goel.