The yield on the 10-Year Treasury bond dipped as well, a sign that many investors around the globe are still attracted to the safety of American debt. (Yields fall when investors are buying bonds.)
The stock market surged in late December after the Fed first said it planned to be “patient” regarding rate hikes. Stocks soared again earlier this month after the minutes from the December meeting were released.
Still, stocks have been extremely volatile for the past few weeks as investors grapple with the question of what the big drop in energy prices mean for the market and global economy.
That debate could make the Fed’s job more difficult.
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