The Buzz | Global stocks posting big gains ahead of expected Fed hike

Investors around the world have one clear focus yesterday (today) – the Fed. The central bank is expected to raise interest rates from near zero percent, which would be its first hike since June 2006.
Fed Chair Janet Yellen and other officials have signaled that they are likely to raise rates. They’ve also hinted that they’ll keep the pace of any further increases gradual to ease any worries in financial markets, which have become accustomed to easy and cheap credit.
The decision highlights the world economy’s two-speed nature. As the U.S. economy comes back to full strength, other big central banks are opting to keep the stimulus taps open to revive flagging growth in their economies.