While you were sleeping: Wall Street rallies on Fed

Wed, 18 Mar 2015

By Margreet Dietz March 19 (BusinessDesk) - Wall Street gained, erasing earlier losses, after US Federal Reserve policy makers flagged that they expect interest rates to rise at a slower pace when increases begin. "Consistent with its previous statement, the Committee judges that an increase in the target range for the federal funds rate remains unlikely at the April FOMC meeting," the Federal Open Market Committee said in a statement. "The Committee anticipates that it will be appropriate to raise the target range for the federal fun...

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