While you were sleeping: Wall St, Treasuries advance

Wed, 28 Feb 2018

By Margreet Dietz March 1 (BusinessDesk) - Wall Street rose, as did US Treasuries, as investors reassessed the outlook for US interest rate increases. A Commerce Department report showed US gross domestic product grew at a 2.5 percent annual pace in the fourth quarter, down from a previous reading of a 2.6 percent rate. The release comes a day after Federal Reserve Chairman Jerome Powell told the House Financial Services Committee that his “personal outlook for the economy has strengthened since December,” underpinning concern the cen...

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