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VCSC Daily - Market rally amid FED's postponed rate hike - FDI - VNM, PVS

As expected, the US Federal Reserve System once again postponed the short-term benchmark rate hike, leaving open the possibility to do so come December. Top FED official also expressed their belief that the US economy is strong enough to tolerate the rate hike and explicitly stated that they might increase the interest rate in December. Meanwhile, the postponement helped clear yesterday’s negative sentiments and led the VNI to surge 9 points,