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The Fed is officially in a nail-biting showdown with Wall Street

“Against the backdrop of easy monetary policies, it would look like their central banks are potentially behind the curve” writes Akin Oyedele for businessinsider.com. “A world in which central banks previously not thought to be in play come into play becomes a much bigger issue for markets.”. Going forward, the actions of other central banks, many of which aren’t as far into their tightening cycle as the US is, will be key to watch.According to Larry Hatheway, the chief economist at GAM Investments, this assurance was one of three legs that supported the stock market — until now.
 
Source: businessinsider.com



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