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LGT Navigator: Powell emphasizes flexibility and independence

07 January 2019

In Asia, the majority of stock exchanges started the first full trading week of the current year after the rally on Wall Street on Friday with strong price gains. In view of the uncertainties surrounding the Fed's future path, the US labor market report attracted a great deal of attention. At the same time, US Federal Reserve Chairman Jerome Powell signaled flexibility in interest rate policy and at-tempted to dispel concerns about a too tight course.

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