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House View Weekly: Global markets buy time on Fed decision

Asian HNWIs with either well-fortified portfolios or risky and uncovered positions – particularly in high yields and local currency bonds – will have another month to tweak their portfolios before the US Federal Reserve again considers whether or not to reverse the near-zero rate environment. Early this morning HK/Sing time, the Federal Open Market Committee (FOMC) cited the shaky global…

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