The US Federal Reserve did not, once again, change the rates, as expected, given the global turmoil, especially China. We are back to waiting now, for another FOMC meet with realms of paper and reels of film wasted on whether or not the rates will be hiked. So now, we once again wait for 28th Oct when the next FOMC meet is scheduled. Most of the emerging markets were more or less prepared for this eventuality and markets had probably discounted a 0.25% rate hike.
