Scoreboard: Yellen balm

Wall Street cheered as the Fed chair flagged continuing low interest rates and as tensions eased in Ukraine.

US equities got a boost overnight after Fed chair Janet Yellen, fresh after implying that rates could rise in early 2015, said the economy needed ongoing support from ultra-low rates for some time yet: “This extraordinary commitment is still needed and will be for some time, and I believe that view is widely shared by my fellow policy makers at the Fed.”

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