While you were sleeping: Wall St gains on Fed

Wed, 29 Jul 2015

By Margreet Dietz July 30 (BusinessDesk) - Wall Street’s rally accelerated on better-than-expected earnings and after the US Federal Reserve kept alive expectations it will raise its target interest rate this year as the outlook for the economy brightens. “The labour market continued to improve, with solid job gains and declining unemployment,” the Federal Open Market Committee said in a statement at the end of its two-day meeting. “Growth in household spending has been moderate and the housing sector has shown additional improvemen...

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