While you were sleeping: Fed lifts stocks, bonds

Wed, 30 Apr 2014

By Margreet Dietz May 1 (BusinessDesk) - US equities and bonds gained after the Federal Reserve indicated it will keep interest rates low for “a considerable time,” while also pointing to a pick-up in the economy. “Growth in economic activity has picked up recently, after having slowed sharply during the winter in part because of adverse weather conditions,” the Federal Open Market Committee said in a statement. “Labour market indicators were mixed but on balance showed further improvement. The unemployment rate, however, remains elevated...

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