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Expect Dovish Commentary From Federal Reserve: Adrian Mowat

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19 August: Adrian Mowat, Chief Asian and Emerging Market Equity Strategist, JP Morgan, states that QE tapering is likely to happen by September-end. However, he believes that emerging markets may correct less than developed markets this year. Mowat also foresees headwinds for US consumers in 2013. “US Fed will maintain tapering pace in mortgage backed sectors,” he adds.