U.S. Stocks Rise as Fed Holds, Signals Further Patience on Hikes

Updated on
  • Yellen says asset values not out of line with historical norms
  • Policy makers decide to wait for more progress on inflation

European Stocks Rise Ahead of Fed Rate Decision

U.S. stocks rallied after the Federal Reserve kept interest rates steady even as the economy showed signs of improving, removing at least for six weeks an obstacle for equities that rekindled volatility this month.

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