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Emerging Market Woes Follow US Fed Taper

The slowdown in emerging economies and the U.S. central bank’s decision to scale back monetary stimulus have many investors worried about the state of the world’s economy. Some blame the U.S. Federal Reserve for trimming its easy money policies too quickly, while others insist some emerging economies were unprepared for it. Economists say the reasons for market turmoil are as varied as the countries involved. When the U.S. central bank started pumping billions of dollars into the economy...

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