While you were sleeping: Wall St, commodities climb

Thu, 17 Mar 2016

By Margreet Dietz March 18 (BusinessDesk) - Wall Street and commodities gained a day after the US Federal Reserve flagged that there are fewer interest rate increases ahead this year than previously thought. During the latest two-day Federal Open Market Committee meeting that ended on Wednesday, Fed policy makers lowered their expectations for rate increases this year. The median projection of 17 Fed officials is for the fed funds rate to rise to 0.875 percent by the end of 2016. “You have seen a shift this time, in most participants'...

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