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Why Fed’s determination to reboot US economy should calm investors’ taper jitters

For an accurate assessment of the mood in financial markets since the beginning of this year, look no further than the findings of the latest edition of Bank of America’s global fund manager survey, published on March 16.For some time now, the devastation wrought by the Covid-19 pandemic has ceased to be a key determinant of sentiment, mainly because of the vaccine breakthrough in November last year, but also because of increasing anxiety about the adverse financial consequences of a stronger…

Read the original article at South China Morning Post

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