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LGT Navigator: Fed delivers cautious tone

October 12, 2017

Minutes of the last FOMC meeting last month revealed a strong degree of caution over the timing of future Fed interest-rate hikes. Several Fed policy makers want to see stronger evidence for inflation. While stocks on Wall Street continued their record chase, the US dollar pared losses. At the same time, the euro was able to hold on to recent gains as an immediate threat of a Catalonian break-up from Spain receded for the time being.

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