Fed Standing Pat Spurs Rare Concerted Gains in All Assets: ChartBy
Risk is being ignored across markets as stocks, bonds, oil and gold rose together for a third session in a rare feat that highlights investors’ love for easy monetary policy. Based on exchange-traded funds that track these assets, such a stretch of concerted advances only occurred once in the past decade, in February 2014. The Federal Reserve on Wednesday left interest rates unchanged and lowered the number of planned increases for next year.
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