While you were sleeping Deciphering Fed speak

Mon, 09 Dec 2013

By Margreet Dietz Dec. 10 (BusinessDesk) – Wall Street rose amid optimism that accelerating economic growth will outweigh any pullback in the US Federal Reserve’s bond-buying programme. In afternoon trading in New York, the Dow Jones Industrial Average rose 0.11 percent, the Standard & Poor’s 500 Index advanced 0.24 percent, while the Nasdaq Composite Index gained 0.15 percent. Gains in shares of General Electric and Caterpillar, both last up 1.1 percent, led the Dow higher. “The economy isn’t simply being driven by central-bank liquidity;...

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