The Federal Reserve (Fed) says it will begin reducing its US$4.5 trillion balance sheet in October, while it is also eyeing another rate hike this year and three in both 2018 and 2019 – which indicates that hurricane damage will not weigh materially on the economy. Fed chair Janet Yellen said in a press conference last night that the strength…
Asia’s private banks react to FOMC meeting
21 September 2017
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