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US Stocks rose to post their best week in over two months on the Fed declining to raise the Fed Funds Rate. The S&P 500 rose 1.2% while the Dow gained 0.8% for the week. Abroad, Europe jumped 2.2% and Japan was up 1.4% for the week. The yield on the 10 year Treasury fell to 1.62% for its biggest weekly decline since July. Article
The Fed elected to hold interest rates steady after their most recent meeting, but said the case to raise the Fed Funds rate had strengthened and are likely to raise the rate this year. They also reduced their expectations for future growth and Fed rate increases. They now expect one increase in 2016 two in 2017 and three each in 2018 and 2019. Article
The Bank of Japan announced it would target a 10 year interest rate of 0%, a first for a central bank.
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