World Week Ahead: Fed-inspired cheer

Sun, 21 Dec 2014

By Margreet Dietz Dec. 22 (BusinessDesk) - US Federal Reserve policy makers have helped renew optimism in global equities with their promise to be patient on raising interest rates, triggering a late Santa rally as Christmas approaches. Fed Chair Janet Yellen suggested the central bank will keep key rates near zero at least through the first quarter of 2015. That timetable helped lift Wall Street last week: the Dow Jones Industrial Average climbed 3 percent, while the Standard & Poor’s 500 Index rallied 3.4 percent, and the Nasdaq Com...

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