What the Fed Hike Really Means for Emerging Markets

On Wednesday, the US Federal Reserve raised the federal funds rate target range to .75%-1%, up from 0.5%. The announcement followed the release of an impressive ADP job report last week, which documented 289,000 jobs added to the US economy in February, 100,000 above the expected level. The report also noted personal consumption expenditure policymakers preferred barometer of inflation to be finally nearing the Feds 2% target, while prospects of a large fiscal stimulus under President Donald Trump is mounting additional pressure on the Fed to begin its series of anticipated hikes to plan accordingly for higher growth (and inflation) in 2018 and 2019.

Revised US Executive Order to Prohibit Entry to US by Citizens of Six Countries; Implementation Scheduled for March 16

The US government issued a revised executive order on March 6 after legal challenges against a Jan. 27 order. The new directive will ban citizens of Iran, Libya, Somalia, Sudan, Syria, and Yemen from entering the US for 90 days; the administration of President Donald Trump removed Iraq from the list of blacklisted countries following negotiations with the Iraqi government, and in light of its role in fighting the Islamic State in conjunction with US forces.

Spread of Yellow Fever in Eastern Brazil Triggers New Vaccination Recommendations

Yellow fever activity in Brazil has occurred in areas near the Atlantic coast that were previously not considered to be at risk for disease transmission. As a result, the WHO and Brazilian Ministry of Health have issued new yellow fever vaccination recommendations for southern Bahia State, Espírito Santo State, and northern Rio de Janeiro State - all of which were areas previously not considered at risk for disease transmission. Additional areas along the Atlantic coast could be added to the list of places where the yellow fever vaccination is recommended in the coming weeks.

Update: Executive Order on Travel Restrictions

iJET's intelligence team with guest speaker Alejandro N. Mayorkas, former Deputy Secretary of the US Department of Homeland Security hosted a webinar update focussed on the Executive Order on travel restrictions. The panel addressed known and potential impacts for global businesses and the travel industry and provided an update on the current state of legal proceedings generated by the order. Watch Now.