Tuesday 29, October 2013 by Russ Koesterich

Slow growth and low rates drive US markets higher

With the US government shutdown ended and the threat of debt default avoided (for now, at least), markets were able to digest corporate earnings releases and some delayed economic reports. While the tone of the data was less than upbeat, investors have been adopting a relatively optimistic stance and appear to be focusing on the likelihood that slow economic growth will mean the Federal Reserve will keep monetary policy accommodative for longer than previously expected.

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