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Rate rise a new experience for majority of US traders

Two-thirds are below 30, have missed last upward interest rate cycle  from 2004-2006

London

ECONOMISTS and market participants are already embarking on the guessing game on the next US Federal Reserve rate hike and monetary policies of other central banks. The relief rally which started a day before the long-expected rate rise thus petered out on Friday, and the overall expectation is that markets will remain volatile into the New Year.

"It is a new experience for about two-thirds of traders who have never experienced a rate hike, said Ben Brettell, senior economist at Hargreaves Lansdown,...

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