The Fed’s rates feint will spur stocks in 2015

The money is on at least one US rate rise next year, but low inflation should price out a rate hike and spur a surge in equity markets.

The Fed maintains a commitment to keep rates steady for a long time and global stocks surge! Naturally, the expectation had been that it would hawk things up a bit more than it did -- and clearly equity investors were happy to be disappointed. The thing is, I don’t think we’ve seen the last of this sort of price action.

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