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By: Economic & Finance Report

US Federal Reserve may be raising interest rates as early as  the first week of September. The Federal Reserve just completed their annual retreat in Jackson Hole, Wyoming.  The interest rate  hike coming, has seen a surge of the dollar against it’s Asian market counterparts.

The Financial sector has been the leading sector leading  the stock market, and  probability of an interest rate hike sooner then later, seems to be paramount. This seems to have a very formal effect on how the 3rd quarter will develop. Stocks have been rebounding and gaining in the last couple of weeks, because of a possibility of a interest rate hike, and it certainly seems to be heading in that direction… -SB


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