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Another Fed hike in March won’t be good for mkts: Rabobank

Not much sense can be made from market movement currently, considering a large number of traders and investors are on holiday, says Michael Every, head of markets research, Asia-Pacific, Rabobank. Equity markets posted the best week in a month last week.

He believes that if the US Federal Reserve goes in for another interest rate hike as soon as March, it won’t be positive for markets. US Fed had indicated that it is looking at four rate hikes in 2016.

More to follow…

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