Pay close attention to the US Fed

Mon, Oct 02, 2017 - 5:50 AM

DESPITE not raising the Federal Funds Rate (FFR) as was widely expected in the Sept 20 Federal Open Market Committee (FOMC) meeting, the US Federal Reserve continued to spin out a hawkish tone as it announced the commencement of the US$4.5 trillion balance sheet reduction. It will start tapering...

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