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Relief as Fed pauses rate hikes for now. But what next?

The US Federal Reserve left its benchmark rate unchanged at 5.25-5.50% on Wednesday. While this may come as a relief to markets, asset managers in Asia Pacific believe the door is still open for another round of hikes. Hikes to remain on hold J.P. Morgan Asset Management believes that at this point, the Fed is looking for ‘validation’. “Validation that…

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