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MARKETS LIVE BLOG:

STOCKS CLIMB AS DOW POSTS 8TH STRAIGHT WIN

Fed's Michelle Bowman echoes higher-for-longer mantra for interest rates

UBS Chairman Weber: Central banks are keeping cautious faith in policy normalization

David Reid

UBS chairman tells CNBC that central banks fear that continuing easy monetary policy will build up risks in markets. Axel Weber noted that the Fed is normalizing its policy rate at around half the speed it had in previous years. The former central banker said markets should remember that liquidity will not suddenly end.

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