V i e w p o i n t | Prepared for Philip Hu CNB minutes, Turkish inflation forecast CITI'S TAKE 09 Aug 2024 06:25:02 ET │ 20 pages It has been an incredible week in global macro. After the recent trigger of Sahm's rule and the unexpected BoJ hike, we believe that this higher volatility may not normalise as fast as some expect, suggesting a potential re-calibration higher in EM risk premium. We are entering a mini regime of rising investing uncertainty, whereby the start of Fed easing almost overlaps with US ...