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Stock prices and debt loads among risks: Fed

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WASHINGTON: The US central bank warned on Monday of persistent risks to the financial system posed by elevated stock prices and historically high corporate debt loads as well as the impact of President Donald Trump's trade wars. But major banks and insurance companies...

WASHINGTON: The US central bank warned on Monday of persistent risks to the financial system posed by elevated stock prices and historically high corporate debt loads as well as the impact of President Donald Trump's trade wars.

The Fed said conditions had changed little since the assessment made in November, noting the large appetite for risk has kept stock prices relative to expected earnings above their average of the last 30 years, although the situation has eased somewhat.

 

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