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Volatility increasing as market adjusts to Fed's ending QE - Deutsche Bank

FXStreet (Łódź) - Jim Reid from Deutsche Bank wonders whether the recent weakness in risk was related to the market's addiction to the Fed's QE program.

Key quotes

"Or is this just a temporary unrelated blip?"

"The Fed will turn off the QE tap later this month and in our opinion volatility has been increasing as the market adjusts."

"We've long felt that the Fed pulling back from QE would be an issue for markets and it’s tempting to be bearish here."

"However credit markets have corrected a long way already and we are getting closer to a seasonally strong period into year-end and into the start of the new year assuming we can get past what can often be a volatile month in October."

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