Will the Fed's "pause" help Asia's debt markets get going?
So how does the Fed's decision to halt interest rate rises effect Asia's stalled debt capital markets?
What should have been a positive development for the regionÆs debt capital market bankers took a rather anti-climatic turn yesterday August 9 with the announcement that the US Federal Reserve was opting to hold rates steady.
As had been widely expected by both bankers and investors, the US Federal Reserve decided not to raise its benchmark lending rate for the 18th consecutive time at its Tuesday meeting August 8. The Fed opted to hold fast on the overnight lending...
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