As Easy-Money Era Winds Down, Investors Bet on Growth
Exuberant U.S. markets are in some cases offsetting central banks’ shift away from low rates
By HARRIET TORRY, JASON DOUGLAS and SHEN HONG
Updated March 16, 2017 8:44 p.m. ET
Central banks around the world are signaling a move away from ultra-easy money, but financial markets are responding as if the low-interest-rate party isn’t stopping.