Global stocks rebound as Treasury yields retreat
Global shares rose and Treasury yields fell on Thursday following the US Federal Reserve interest-rate increase. Investors shrugged off earlier hawkish concerns as major Wall Street indexes finished higher and the dollar eased against major peers.
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Global equities rebounded and Treasury yields retreated Thursday following the United States Federal Reserve rate increase and ahead of an expected move by Japan. The S&P 500 rose 1.1% and the Dow Jones Industrial Average gained 0.61%. Markets recovered after a hawkish Fed stance sparked a one-day sell-off earlier in the week. Investors are reassessing the fundamental economic backdrop as central banks tackle inflation.
