A hawkish Fed and emerging markets are on a collision course as Washington holds firm while the developing world refinances a record $9 trillion in dollar debt.

Nine of 19 Fed officials now project rate hikes in 2026 after inflation hit 4.2% in May. Here's what the shift means for crypto and risk assets.

A hawkish Fed and emerging markets are on a collision course as Washington holds firm while the developing world refinances a record $9 trillion in dollar debt.