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Global stocks, U.S. dollar, bond yields rise after Yellen comments

Reuters  |  NEW YORK 

By Sinead CarewNEW YORK (Reuters) - The U.S. dollar rose and stocks also gained ground on Wednesday after Federal Reserve Chair Janet Yellen suggested the U.S. central bank was ready to raise interest rates quickly this year.U.S. Treasury yields rose too after Yellen said "waiting too long to begin moving toward the neutral rate could risk a nasty surprise down the road - either too much inflation, financial instability, or both."Oil futures tumbled, however, dragging down the energy sector index , which was one of the biggest weights on the S&P 500.Yellen's comments were not seen as a ...

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First Published: Thu, January 19 2017. 03:38 IST
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