Asia ‘most resilient’ EM region to US rate rises

The US Federal Reserve’s confirmation on Wednesday that it would raise its funds rate by 25 basis points to a range of 25-50bp was largely priced in, note fund managers, but the big question now is: what next?  Market expectations are that hikes will come at a slower pace, with three rises in 2016, than Fed projections of four next year, although there is a much disagreement on whether the next one will come in March. There is, however, a strong consensus among fund managers tha…