Risk-On Party Resumes in Stock Market as Fed Remains ’Patient’

A woman walks past the Marriner S. Eccles Federal Reserve building in Washington, D.C. Jan. 27, 2015.

Photographer: Andrew Harrer/Bloomberg

The knee-jerk initial reaction to the Federal Reserve statement is risk-on in the stock market, with benchmark indexes heading higher after the Fed maintained its pledge to be “patient” on raising interest rates.

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