Traders work on the floor of the New York Stock Exchange shortly after an announcement by the US Federal Reserve to keep interest rates unchanged on Wednesday and in a direct reference to its next meeting put a December rate hike firmly in play. Photo: Reuters

Flip-flopping Fed a challenge to monetary divergence trade

The Fed’s credibility has suffered significantly

Topic |   Macroscope

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Traders work on the floor of the New York Stock Exchange shortly after an announcement by the US Federal Reserve to keep interest rates unchanged on Wednesday and in a direct reference to its next meeting put a December rate hike firmly in play. Photo: Reuters
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