While you were sleeping: Rally on rate bets

Wed, 01 Mar 2017

By Margreet Dietz March 2 (BusinessDesk) - Equities rallied on both sides of the Atlantic amid increased bets on a US Federal Reserve interest rate hike this month. The US dollar also rose, while Treasuries declined. "The case for monetary policy tightening has become a lot more compelling," New York Fed President William Dudley told CNN on Tuesday evening. San Francisco Fed President John Williams agreed. “A rate increase is very much on the table for serious consideration at our March meeting,” Williams said in a speech, al...

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