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The Fed ditches one of its crutches

Weekly investor research

23 December 2013

Ukraine plays the crisis card and scores big. The Indian central bank’s growing assertiveness is refreshing and welcome. Rising political noise in Turkey could have positive unintended consequences for economic policy. And the Fed deems the US economy capable of walking with one less crutch – the commencement of tapering is good news, because it reduces one of the largest sources of uncertainty in global markets today.

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