Rate Hike Puts Pressure on Emerging Economies ShareEmailTwitterFacebookGoogle +PinterestTumblrLinkedinVkontakte Rate Hike Puts Pressure on Emerging Economies The US Federal Reserve has raised rates, increasing pressure on emerging economies.Our regular economic commentator, Irwin Stelzer of the Hudson Institute, tells the BBC’s Susannah Streeter why that is the case. STAY CONNECTED: July 12, 2018