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LGT Navigator: U.S. economy ready for further rate hikes

July 13, 2017
Federal Reserve Governor Janet Yellen is convinced that USA’s economy is robust enough to absorb further monetary tightening. She said further that the Fed will probably start before year end to reduce its balance sheet,
which was massively expanded over the course of the global financial crisis. The Fed’s regular economic report, the so-called Beige Book, reiterates the Fed’s outlook of continued, but moderate economic growth with slowly
increasing wage growth.

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