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US Senate confirms Jerome Powell as next Fed chairman
 

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Allianz Global Investors said the strong yuan is another good reason to invest in Chinese sovereign bonds. Photo: AFP
US Federal Reserve is expected to raise interest rates three times next year and, as long as they are implemented gradually, they should prove positive
Federal Reserve Board Chair Janet Yellen speaks during a briefing at the US Federal Reserve on December 13, 2017 in Washington. The US central bank raised the benchmark interest rate for the third and final time this year. Photo: AFP

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