Global Stocks' Fed-inspired Rally Fizzles Out

Wochit 0:32 mins

The rally in global stock markets fizzled out, two days after the U.S. Federal Reserve buoyed sentiment by keeping its monetary stimulus program in place.Many traders had expected the Fed to start scaling back its asset purchase program, instituted in the aftermath of the 2008 financial crisis to help keep the U.S. economy afloat. The program was used to increase the flow of money available for loans to push down interest rates and spur growth.

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