LONDON (AP) — Most world stock markets rose Thursday after the Federal Reserve signaled U.S. interest rates would remain at record lows. Wall Street, however, declined after making broad gains the day before.

Equity investors had been awaiting the Fed’s economic updates and statements by Chair Janet Yellen, who made clear that although the world’s largest economy was seeing a steadily improving job market and modest inflation, there was no need to raise short-term rates from record lows anytime soon.

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