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Fed's hawkish stance spooks investors

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The Federal Reserve's plans for a prolonged period of elevated interest rates could continue pressuring stocks and bonds in coming months.

The US Fed left interest rates unchanged last night, in line with market expectations.

He said while the US was somewhat justified in its stance, given the relative strength of the US economy, the picture was very different in Europe. Paul Sommerville predicted that the ECB would be cutting interest rates aggressively by the end of next year.

 

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