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Fed held hostage to markets: UBS economist

Investment bank expects US rates to be raised in December rather than at the next FOMC meet in October

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The US Federal Reserve has held itself hostage to financial markets which are, in turn, misreading economic data that have been revised more often and more dramatically than usual, said a senior global economist from UBS.

Singapore

THE US Federal Reserve has held itself hostage to financial markets which are, in turn, misreading economic data that have been revised more often and more dramatically than usual, said a senior global economist from UBS.

And with markets missing the strength in labour

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