A hawkish Fed may allow SSAs to spread wings in dollars

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A hawkish Fed may allow SSAs to spread wings in dollars

The world’s major central banks were already on divergent paths early in 2016, but the election of Donald Trump as US president could see the Federal Reserve become even more hawkish in 2017 than had previously been expected. Such a shift in policy could re-open some funding avenues to public sector borrowers, Craig McGlashan finds.

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