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Optimism in West as markets prepare for Fed hike

US shows no signs of entering into a recession soon and Europe looks promising, say analysts

The consensus is for the US dollar to be strong as the Fed hikes rates. But Principal Global Investors' Bob Baur is not so sure, noting that the increase might already have been priced.


OPTIMISM shines in the developed West as the market readies for a US Federal Reserve rate hike in December. After a volatile summer, observers are reiterating that global economic growth can pick up next year in a longer-than-usual economic cycle.

The US might be in the late