Dollar Falls, Bonds Gain on Fed Bets; U.S. Stocks Edge Higher

  • GDP disappointment sends Fed fund futures tumbling in 2016
  • S&P 500 climbs to record, caps fifth monthly advance

Did Kuroda's Radical Policy Knowingly Disappoint?

The dollar tumbled and Treasuries rose after data showing tepid U.S. economic growth dimmed the prospects for higher interest rates this year. The S&P 500 Index capped a fifth monthly gain, while oil rebounded from the precipice of a bear market.

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