While you were sleeping: Oil rebound lifts mood

Tue, 15 Dec 2015

By Margreet Dietz Dec. 16 (BusinessDesk) - Equities on both sides of the Atlantic rose with the price of oil, while US Federal Reserve policy makers began their two-day meeting. Investors are bracing for the first Fed interest rate increase since 2006, and will listen closely to comments Chair Janet Yellen makes at a news conference on Wednesday for clues about the path ahead. The probability the Fed will lift its benchmark rate on Wednesday is 78 percent, according to futures data compiled by Bloomberg. Traders are pricing in less th...

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