While you were sleeping: Global equities surge

Thu, 18 Dec 2014

By Margreet Dietz Dec. 19 (BusinessDesk) - Equities extended Wednesday’s rally on Federal Reserve Chair Janet Yellen’s promise to “be patient” with interest rates, bolstered by data showing the US economy continues to accelerate. "Based on its current assessment, the committee judges that it can be patient in beginning to normalise the stance of monetary policy," the Federal Open Market Committee said in a statement after a two-day meeting that ended on Wednesday. Yellen reiterated that point in her final news conference of the year. I...

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