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Investment managers interpret US Fed rate cut, positive on public equity and HY

The Fed’s emergency cut of interest rates by 1.0% to a new range of 0.0% — 0.25% on Sunday has considerably risen the odds of a technical recession, according to Eli Lee, Bank of Singapore’s head of investment strategy. The Fed’s action to “initiate a fresh programme of quantitative easing is clearly intended to calm financial markets and mitigate the…

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