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HSBC PB’s Fan: Fed’s tightening cycle to peak mid-2019

The Fed’s monetary tightening cycle is likely to peak midway through next year, which will benefit risk assets, particularly US and Asia equities, according to HSBC Private Banking. Fan Cheuk Wan, chief market strategist, Asia, at HSBC Private Banking, said in a media briefing on 17 December that rising rates, to a large extent, have caused the meltdown of traditional markets…

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