World Business News
A round up of the latest news for those doing business internationallyS&P hits record after Fed assures markets on rates and economy
Zone(s): USA ¦ Sector(s): Stockmarket
[19 June 2014, CITY A.M.] By Oliver Smith: The S&P 500 closed at a new record high last night as US stocks rose in the wake of the Federal Reserve striking a dovish tone in its post-meeting statement.
The Fed hinted at a slightly faster pace of interest rate increases starting next year, but also suggested long-term rates would be lower than indicated previously.
Read more at:
www.cityam.com/1403140553/sp-hits-record-after-fed-assures-markets-rates-and-economy