Otaviano Canuto writes for Project-Syndicate: In early July, the yield on US ten-year Treasury bonds fell to its lowest level in four months, and stock markets dipped on fears that this year’s rosy projections for economic growth will not be borne out. Still, the prevailing view is that the recent spike in inflation will be transitory, allowing the US Federal Reserve to pursue a smooth unwinding of its balance sheet at some point in the future.
read analysis: Will Another Taper Tantrum Hit Emerging Markets? by Otaviano Canuto – Project Syndicate (project-syndicate.org)