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STOCKS

Fed's soothing patience fuels further rebound

BOY, is patience ever a virtue.

The US Federal Reserve announced this week that it could be "patient" about raising interest rates, and look what it has done for the markets.

The Straits Times Index (STI) rose 1.11 per cent, or 35.88 points, to close at 3,279.53 on Friday, capping

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