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STI down 1% in week of dovish Fed comments and window-dressing

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US employment increased solidly in March and wages rebounded - signs of economic resilience that could allow a cautious Federal Reserve to gradually raise interest rates this year.

THIS week was all about two events - Janet Yellen's comments on Tuesday about US interest rates, followed by window-dressing of key blue chips as the end of the first quarter on Thursday drew closer.

As it turned out, US Federal Reserve chair Yellen's dovish statements about the need to

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