近期CPI后新兴市场韧性的思考

I'm seeing similar resilience, which does make you question the 'higher for longer' impact. Could be that EM fundamentals are stronger than widely assumed, or perhaps the 'bad news' indeed largely priced in.

It's a good observation. I've been wondering if the 'higher for longer' narrative might actually benefit some EM countries that are less reliant on developed market demand, or if their internal economic dynamics are just stronger than the headline global concerns suggest.

I've been wondering about that too! It's surprising to see EM holding relatively steady. Do you think it's more about local fundamentals in specific countries overriding the broader macro picture, or something else at play?