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US Fed's aggressive stance hits global market sentiment
Tightened liquidity, currency volatility likely to impact earnings, affecting equities outlook.
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This has been the worst first half for Wall Street in over 40 years.
PHOTO: AFP
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SINGAPORE - What a difference a year makes.
At this time last year, the United States Federal Reserve was signalling that rates might stay near zero for another year, and was continuing to aggressively buy treasury and mortgage securities to provide additional stimulus.
