While you were sleeping Bernanke signals support

Tue, 26 Feb 2013

By Margreet Dietz Feb 27 (BusinessDesk) - US Federal Reserve chief Ben Bernanke and the latest economic data provided the right mix for investors – further stimulus to underpin an accelerating recovery. Reports on US consumer confidence and the housing market were better than anticipated. The Conference Board's consumer sentiment index rose to 69.6 this month, from a downwardly revised 58.4 in January, while new home sales jumped 15.6 percent to a 437,000 annual pace. “Housing is now kicking into higher gear,” Ryan Sweet, a senior economist...

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