Stocks Rally and Bond Yields Fall on Fed Comments
Global stock markets rallied and bond yields fell on Thursday after comments from Federal Reserve Governor Christopher Waller signaled patience on interest rates. The Japanese yen also surged against the dollar amid growing rate hike expectations.
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Global equities rallied and bond yields fell on Thursday afternoon after Federal Reserve commentary signaled a patient approach to interest rates. The Japanese yen jumped 2% against the United States dollar on rising policy tightening bets.
