Stock buyback zeal undimmed by prospects for fed rate hike

April 10, 2015 2:13 PM

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Stock buyback zeal undimmed by prospects for fed rate hike

NEW YORK (Reuters) - The seemingly insatiable appetite of companies for their own stock is unlikely to be satisfied soon, even if the U.S. Federal Reserve begins to hike benchmark interest rates and shares get pricier.

That would extend a pattern established in the last round of Fed tightening, according to a Reuters analysis of historical data. Many market analysts expect that higher borrowing costs won't derail the buyback boom that has been bolstering stocks.

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