A pledge from the Federal Reserve to remain “patient” when deciding when to lift interest rates gave the stock market its biggest gain in more than a year.Stocks rose from the open on Wednesday, led by gains for the energy sector, as oil prices showed signs of stabilizing after their big slump in recent months. The market’s gains were extended after Fed policymakers released a statement following the end of its most recent policy meeting.A near six-year bull run for the stock market has come against a background of exceptional stimulus from the Fed. At the start of the month …read more
Source: The Jakarta Post
