While you were sleeping Bernanke lifts stocks, bonds

Thu, 11 Jul 2013

By Margreet Dietz July 12 (BusinessDesk) - Stocks and bonds rose after US Federal Reserve Chairman Ben Bernanke said highly accommodative policy would be needed for some time yet, reassuring investors that the central bank is not about to begin reducing its bond-buying program. "Highly accommodative monetary policy is what is needed in the US economy," Bernanke said after the close of Wall Street yesterday, following a speech in Boston. In late afternoon trading in New York, the Dow Jones Industrial Average climbed 0.98 percent, the Standard...

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