On the US, J. Safra Sarasin noted that growth remains strong (4.1% QoQ in 2Q), despite rising medium-term risks, stressing that there is little reason for the Fed to deviate from its quarterly 25 bps rate hike. On Japan, the bank noted that the market perceives the BoJ’s tolerance of a wider JGB yield band (from +/-10bps to +/-20 bps)…
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