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Sunday 25 October 2020
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U.S. Stocks Surge in Global Rally on Fed Signals on Rates

Will this signal keep interest rates low for a longer period? From one of the paragraph of Fed Statement:

“Equities rallied yesterday as Fed Chair Janet Yellen clarified the central bank’s monetary policy plans, saying it is likely to hold rates near zero at least through the first quarter. She also laid out the economic parameters that would need to be met for liftoff to begin later in the year and said that rates probably would be raised gradually thereafter. They may not return to more normal levels until 2017, she added.”

Source from Bloomberg




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