While you were sleeping: Gradualism embraced

Thu, 19 Nov 2015

By Margreet Dietz Nov. 20 (BusinessDesk) - The US dollar slid, while Wall Street and US Treasuries gained, amid expectations that Federal Reserve interest rate increases will be gradual. Minutes from the Fed’s October meeting, released Wednesday, reassured investors. “The market has grown comfortable with the idea of a dovish hike,” Mark Dowding, a London-based money manager at BlueBay Asset Management, told Bloomberg. “The market has sent out the message that they are comfortable with the idea of a gradual approach to policy tighten...

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