Fed Won't Start Hiking Rates Until Late 2023: Manulife's Trinh

The transcript discusses the Federal Reserve's potential actions, including tapering and rate hikes, and the associated risks of policy errors. It examines the impact of declining global liquidity on markets, highlighting trends in dollar strength, bonds, and equities. The discussion contrasts developed and emerging markets, focusing on vaccination trends and economic support capabilities. Finally, it addresses the ongoing risks of COVID-19, particularly in Europe, and its implications for global economic recovery.

According to the text, what are the implications of tapering for various asset classes?

What does the text suggest about the future performance of developed markets compared to emerging markets?

What is the significance of vaccination trends in emerging markets as discussed in the text?