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March 21, 2019

Fed news sends bond yields lower

By DAMIAN J. TROISE and ALEX VEIGA
AP Business Writers

Banks led U.S. stocks mostly lower Wednesday after a brief rally sparked by the Federal Reserve's latest policy update faded. The real action centered in the bond market, where prices rose sharply, pulling Treasury yields down to the lowest levels they've seen in more than a year.

The central bank said it has ruled out interest rate increases this year and issued a dimmer outlook on the U.S. economy.


 
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