While you were sleeping: Wall St, Treasuries advance

Thu, 22 Feb 2018

By Margreet Dietz Feb. 23 (BusinessDesk) - Wall Street rose as did US Treasuries, while the greenback fell, as investors reassessed their expectations for Federal Reserve interest rate increases this year, betting the central bank remains on track for three hikes instead of a steeper path. Concern that Wednesday's release of minutes from the Fed’s January meeting flagged a steeper path of interest rate increases abated. “Yesterday was overdone. Clearly we have a major market reversal and today investors are more comfortable with the...

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