Federal Reserve

Stocks Up on Larry Summers Fed Exit

Know the free money's still coming?

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 The U.S. dollar slid while bonds and shares rallied on Monday after the withdrawal of Lawrence Summers from the race to head the Federal Reserve suggested a more gradual approach to tightening monetary policy.

Further whetting risk appetite were signs of progress in Syria following a Russian-brokered deal aimed at averting U.S. military action, all of which helped propel world shares .MIWD00000PUS to just short of a five-year high.

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