While you were sleeping: US equities, bonds rise on Fed

Wed, 18 Jun 2014

By Margreet Dietz June 19 (BusinessDesk) - Both US equities and Treasuries rose after the Federal Reserve said the American economy remained on an upward path, yet downgraded its 2014 growth forecast and indicated interest rates will remain low for longer. “Economic activity is rebounding in the current quarter and will continue to expand at a moderate pace thereafter,” Fed Chair Janet Yellen said in a post-meeting statement. “Overall, the (Federal Open Market) Committee continues to see sufficient underlying strength in the economy to su...

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