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Published 2 years ago

Fed rate hikes not entirely dampers on stock market: AllianceBerstein

Summary by Ground News
The U.S. Fed's planned rate hikes will not necessarily exert downward pressure on the global stock market, AllianceBerstein said. The asset management firm also expected the Fed to raise the key rate three times this year. David Wong, senior investment strategist at the asset management company, advised investors to stay away from skepticism that global stocks will enter a bear market in 2022.

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