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How will the markets handle faster Fed tightening?

The strong US Employment Report for February has all but sealed the deal for an interest rate rise at this week’s FOMC meeting. Risky asset markets seem relatively unfazed by the prospect, given how they have reacted as the chances of a March hike have increased. How, though, will they fare if Fed policy is tightened by as much as we expect over the next couple of years?

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