Let the Fed squeeze, but not strangle

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Let the Fed squeeze, but not strangle

First week
January 2019

The coming year presents a complex outlook at the international level, especially when it comes to macroeconomic activity in the United States and the implications that it may have on the Fed’s monetary policy. Global liquidity and the price of raw materials will be affected by those decisions. The best possible scenario for emerging countries and Argentina itself is a “soft landing”, a deceleration of activity as gentle as possible.