While you were sleeping: Fed, ECB bets lift stocks

Thu, 08 Jan 2015

By Margreet Dietz Jan. 9 (BusinessDesk) - Equities on Wall Street and in Europe rallied amid indications the US Federal Reserve will refrain from raising interest rates until April, while weak German data underpinned expectations the European Central Bank will announce a plan for quantitative easing within weeks. On Wednesday, minutes of the December Federal Open Market Committee meeting showed that “most participants thought the reference to patience (with regard to starting to lift interest rates) indicated that the Committee was unlike...

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