While you were sleeping: Wall Street hits records

Tue, 24 Feb 2015

By Margreet Dietz Feb. 25 (BusinessDesk) - US equities and Treasuries gained after Federal Reserve Chair Janet Yellen signalled to a congressional committee that the improving economy is unlikely to warrant a rate increase for “at least the next couple of meetings”. “The FOMC's assessment that it can be patient in beginning to normalise policy means that the Committee considers it unlikely that economic conditions will warrant an increase in the target range for the federal funds rate for at least the next couple of FOMC meetings,” Yellen...

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