US stocks rallied alongside Treasuries as falling oil prices lent support to optimism that inflation can be kept under control a day after the Federal Reserve raised interest rates and signaled more tightening to come. [07:00 ET] BoE Gov. Bailey: Likely policy may have to tighten if conflict in MidEast persists for extended period, as appears likely, and if risk of second-round effects increases. [GBP Weakness]
US stocks rallied alongside Treasuries as falling oil prices lent support to optimism that inflation can be kept under control a day after the Federal Reserve raised interest rates and signaled more tightening to come. [07:00 ET] BoE Gov. Bailey: Likely policy may have to tighten if conflict in MidEast persists for ext