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“Rates Will Rise Regardless Of Fed's Plans”

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August 2: Referring to the cues coming from the US Fed, Investment Guru Marc Faber says, “If central banks expand balance sheet, money comes into the system but doesn’t flow in evenly.” He adds that liquidity created by central banks has flown into equities and bonds markets. Central banks are market manipulators, but the Fed has lost control over the bond market, he adds.