While actions by the U.S. Federal Reserve could hold promising results, international monetary policy announcements have held less and less power this year, according to a new economic and market outlook update from Deutsche Bank Private Wealth Management.

"We've been in a market environment that's become very reactive to, even a little addicted to, monetary policy or general policy pronouncements," Benjamin A. Pace III, chief investment officer and head of global investment solutions at Deutsche Private Wealth Management in the Americas, said at a presentation in New York on Thursday.

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