Morgan Asset: Expected interest rate cut in the US to support emerging market assets.

Kerry Craig of Morgan Asset Management stated that a rate cut by the United States could support emerging market assets. He also added that a 25 basis point rate cut by the Federal Reserve is widely expected in the market. The strategist pointed out that a decrease in interest rates should lead to a weaker US dollar, which could support assets such as stocks and local currency bonds in emerging markets. He further stated that the reduced risk of a US economic recession also means that the credit bond market should continue to receive good support.