🏦 BlackRock: Warsh's First Fed Meeting Ends Forward Guidance
BlackRock Investment Institute's weekly commentary reports that new Fed Chair Kevin Warsh dropped forward guidance and launched a broad policy review at his first meeting, while a dollar index at a one-year high has investors questioning what a resilient dollar means for emerging markets rather than whether its haven status holds.
Why it matters: With EM performance likely to hinge on selective exposure rather than broad allocations, investors may need to favor specific markets like Latin American commodity and energy exporters positioned to benefit from AI-driven demand for critical minerals.
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