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This Fed cycle really is different for Asia

Monetary and trade cycles are no longer aligned

| Southeast Asia
Pasir Panjang container terminal in Singapore: the signs of fading momentum are already visible.   © Singapore Press/AP

Frederic Neumann is HSBC's co-head of Asian Economics Research.

The U.S. Federal Reserve is slamming on the brakes. And some deft maneuvering will be needed by Asian central bankers to avoid an economic collision.

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