Why the fiscal cliff relief won't last
A last minute deal to avert the U.S. fiscal cliff gave investors reason to celebrate on Wednesday, even as analysts warned the rally could be fleeting as an even bigger fiscal debate looms in March.
From Tokyo to New York City to London, stock markets soared after a bill was passed in the U.S. House of Representatives that scaled back a potentially devastating series of tax hikes and spending cuts that were set to take effect this month.
Read the full article here.
A last minute deal to avert the U.S. fiscal cliff gave investors reason to celebrate on Wednesday, even as analysts warned the rally could be fleeting as an even bigger fiscal debate looms in March.
From Tokyo to New York City to London, stock markets soared after a bill was passed in the U.S. House of Representatives that scaled back a potentially devastating series of tax hikes and spending cuts that were set to take effect this month.
Read the full article here.