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Breaking down risks and opportunities
Underlying data should keep the central bank on the sidelines for most of this year.
Rising U.S. yields, stabilizing emerging markets and diverging global monetary policies present opportunities for investors.
Some U.S. economic data is supportive of rising inflation, but economic slack suggests otherwise.
Two levels of analysis for monetary policy in emerging markets.
Look for value opportunities in emerging markets, with a focus on debt in local currencies.